Not only Amazonia: large parts of Earth are burning, and the problem might be bigger than it appears. Journalists have focused on the enormous devastation that is occurring in Amazonia this year: in comparison to last year, the number of fires in the region has enormously...
On August 26, 2019, Johnson & Johnson was ordered to pay USD 572 million in Oklahoma, the US, to resolve allegations of fraudulently downplaying the hazards and overemphasizing the benefits of opioids. According to the ruling from a US County Court, the firm has used misleading...
The asset management giant Vanguard has ejected 29 stocks from the funds created to invest in companies with strong environmental, social and governance records. The news published by the Financial Times as of August 13, 2019 reports Vanguard statement after the event: “the companies were included...
Climate change, Oil and Gas / 04.08.2019
Renewable energy is good money, not just good for the earth
As the Financial Times points out in the article dated August 4, 2019, climate change is not anymore just a mere ethical issue concerning our planet health, but also as the call for socially responsible investments. "Rise of electric vehicles makes solar and wind better long-term investments than...
ESG Rating / 01.08.2019
LSE acquisition of Refinitiv
London Stock Exchange ("LSE") signed a deal with investment funds affiliated with Blackstone and Thomson Reuters to acquire Refinitiv, financial data and trading platforms provider. Refinitiv shareholders will acquire a stake of approximately 37 per cent economic interest in LSEG and less than 30 per cent of the total voting rights...
A report from Institute for Energy Economics and Financial Analysis (IEEFA) found out recently that BlackRock lost $6.5tn by betting on oil companies and missing out growth in clean energy investment. According to the IEFA report, BlackRock ignored “the serious financial risk of investing in fossil fuel and...