The Trump administration has moved forward with plans to overturn a rule introduced by former U.S. President Joe Biden which permitted US retirement plans to consider ESG factors when making investment decisions. A recent filing with the 5th Circuit Court of Appeals has confirmed that the government has ended its defence of the ESG-focused regulation and has ordered the Department…
The U.S. Department of Energy announced that it has terminated $3.7 billion in grants awarded to clean energy projects under the Biden administration through the Office of Clean Energy Demonstrations (OCED), claiming that the prior administration “failed to conduct a thorough financial review,” and that the projects were not economically viable. In all, the DOE said that 24 awards were…
Further cuts have been made at Newton Investment Management including the role of global head of sustainable investment and several fund manager roles. The group confirmed Therese Niklasson, global head of sustainable investment, has left the group and confirmed her role will not be replaced. “We can confirm Therese Niklasson will be leaving Newton Investment Management,” a statement said. ”Sustainable…