BlackRock has announced the firm is leaving the Net Zero Asset Managers (NZAM) initiative. In a letter to its clients obtained from Bloomberg, the firm stated their NZAM membership “caused confusion regarding BlackRock’s practices and subjected us to legal inquiries from various public officials”. The NZAM initiative is an investor group committed to achieving net-zero portfolios by 2050 or sooner…
ESG Today: Week in Review
This week in ESG news: JPMorgan, Morgan Stanley complete exit of major U.S. banks from net zero coalition; Net Zero finance umbrella group shifts focus after banks leave; process launched to expand, simplify EU Taxonomy; SBTi appoints new CEO; Biden bans offshore drilling across major portion of U.S. coasts; shareholders target Shell over plans to grow LNG while cutting emissions;…
BlackRock Exits Net Zero Coalition, Says Move Won’t Change How it Manages Investments
BlackRock announced that it has decided to leave the Net Zero Asset Managers (NZAM) initiative, a major multi-trillion dollar group of investment managers committed to supporting the goal of net zero greenhouse gas emissions by 2050, marking a significant symbolic victory for anti-ESG politicians who had been threatening the investment giant over its participation in the coalition. Despite exiting the…
XOCEAN Raises $118 Million to Meet Growing Demand for Blue Economy Data
Ocean data company XOCEAN announced that it has raised €115 million (USD$118 million) in a new funding round. The company said it will use the funds to expand its services globally, and develop new products and services, to address demand for high-quality data solutions across the blue economy. Founded in 2017, Ireland-based XOCEAN provides ocean data to the offshore energy…
Eclipse Earn Review – Is This Trading Platform Legit?
Eclipse Earn is a cryptocurrency platform offering users a secure and easy way to earn rewards through digital asset investments and staking. Official Website: Click Here Eclipse Earn Key Points Platform Cost No cost to create an account Platform Category Web and mobile-oriented platform Platform Type Cryptocurrency Assets Associated Fees No fees What is Eclipse Earn? Eclipse Earn is an…
Nearest Edge Review – Is It A Worthy Trading App?
Nearest Edge is a cutting-edge AI platform delivering real-time insights and solutions, bridging data analysis and decision-making seamlessly. Official Website: Click Here What is Nearest Edge? Nearest Edge is an advanced automated trading platform designed to simplify the trading process for users by leveraging artificial intelligence (AI) and machine learning algorithms. By analyzing market data in real-time, it aims to…