6/6/2024 3:08:35 PM Another Major European Bank Withdraws From Fossil Fuel Financing By Jacob H. Hupart Credit Agricole SA, the second-largest bank in France, will no longer participate in fossil fuel financing. Specifically, a spokesperson...
5/17/2024 2:57:32 PM Major European Bank Withdraws From Fossil Fuel Financing By Jacob H. Hupart This week, “BNP Paribas SA, the European Union's biggest bank” stated that it “is no longer participating in conventional bond issuance...
9/29/2023 8:29:57 PM Significant ESG Enforcement Action by the SEC Against Major Investment Advisor By Jacob H. Hupart On September 25, 2023, the SEC announced a settled administrative proceeding against a major investment advisor in which it agreed to pay...
7/7/2023 6:33:19 PM House Republicans Issue Letters to Major Asset Managers Concerning Potential Antitrust Violations Allegedly Caused by ESG Policies By Jacob H. Hupart This week, Congressmen Jim Jordan (R-OH), Thomas Massie (R-KY), and Dan Bishop (R-NC), sent a letter on behalf of the House Committee on...
6/14/2022 8:52:16 PM West Virginia Threatens Boycott of Major Financial Institutions Due to Alleged Bias Against Fossil Fuel Industry By Jacob H. Hupart The West Virginia State Treasurer, Wiley Moore--a Republican--recently threatened six major financial institutions with a boycott on...
12/20/2021 9:32:05 PM Divestment from Fossil Fuel Companies Expands and Accelerates By Jacob H. Hupart Today, UBS Asset Management announced that it would divest from five energy companies, including ExxonMobil, because these companies are...
11/3/2021 7:00:15 PM UK Publishes New Climate Disclosure Requirements By Jacob H. Hupart The United Kingdom recently published "Greening Finance: A Roadmap to Sustainable Investing." This document reflects and incorporates a...
10/28/2021 1:03:28 PM Climate Change: Private Sector Pressure: Divestment By Jacob H. Hupart Climate change poses many risks. For companies, besides the physical impact of climate change itself, this risk is often embodied by...
8/27/2021 12:45:23 PM Government Investigation Into Possible Misrepresentations by Deutschebank in Green Investing By Jacob H. Hupart The Wall Street Journal has reported on a government investigation into DWS, an entity that is majority-owned by Deutschebank, in...