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ESG Dive: Rep. Rick Allen, R-Ga., first introduced the bill in April, and the committee said in a June 25 press release after its passage that the legislation “seeks to ensure financial institutions are focused on maximizing returns in retirement plans rather than on woke ESG factors.”
The Guardian: Pension funds and institutional investors made a “huge mistake” and exaggerated their role in environmental, social and government (ESG) issues to promote their products, the outgoing chair of Aberdeen Group, Douglas Flint, has said.
OneStop ESG: Greenbelt Capital Partners, a private equity firm based in Austin, Texas, has just sealed a massive $1 billion for its first-ever fund, Greenbelt Capital Partners III, hitting its hard cap and blowing past its original $750 million goal.
ESG Dive: U.S. policy has changed swiftly on climate, energy and ESG issues since Trump took office. The administration has prioritized fossil fuel production and infrastructure expansion while scaling back Environmental Protection Agency oversight and reducing federal support for renewable energy, among other shifts, the report noted.
ESG Today: Morgan Stanley Investment Management (MSIM) announced that it has invested $30 million in energy sector-focused methane management solutions provider Insight M, leading a growth equity funding round in the company.
ESG News: Italian energy giant Eni has sold a 20% stake in its retail and renewables arm, Plenitude, to U.S. alternative investment firm Ares Management Corp. for approximately €2 billion ($2.3 billion).
Funds Europe: Tensions between Israel and Iran are sending shockwaves through global markets. Investors are growing more cautious, closely watching oil-driven inflation, shifting safe-haven flows and uncertainty around central bank decisions.
BNN Bloomberg: It’s been a year now since a new law took effect that requires companies to back up their environmental claims, but there’s still a lot of unknowns about how the anti-greenwashing rules will play out.
ESG News: The U.S. Securities and Exchange Commission (SEC) has formally withdrawn two proposed rules central to the Biden-era ESG regulatory agenda—one requiring enhanced ESG disclosures from investment advisers, and another revising the shareholder proposal and resubmission process.
CBC: Some corporate leaders say new anti-greenwashing legislation has had the unintended effect of dissuading companies from taking climate action. But environmental organizations and others say that's a cop out.
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