BlackRock began renaming environmental, social and governance (ESG) earlier this year. It’s now calling it “transition investing.”
The company recently updated its climate and decarbonization stewardship guidelines. The document makes no mention of ESG, but it shows in many ways, the world’s largest investment manager with $10 trillion in assets under management is still pursuing many of the same goals.
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Few things have escaped environmentalists’ scorn, and even cows have not been exempt from blame for climate change. Emissions from livestock production have become an increasing focus of efforts to fight climate change. The United Nation’s Food and Agriculture Organization estimates that 11.1% of emissions worldwide come from livestock production, and the organization released a report last year urging Americans to eat less meat. If people aren’t eating meat, the argument goes, then fewer cows are produced. If there’s fewer cows, there’s less emissions.
However, research by pro-agribuisness outfits Alltech and Archbold suggests that the thinking on reducing emissions at the source is missing a bigger picture on cattles’ relationship with the land, and possibly, by removing grazing from pastures, emissions will actually go up.
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The Environmental Protection Agency (EPA) finalized aggressive emissions standards Friday for heavy-duty vehicles that will effectively require huge increases in the numbers of electric or zero-emission buses and trucks sold over the next decade.
The agency is projecting that the heavy-duty vehicle emissions standards for model years 2027 to 2032 could result in zero-emission or electric vehicles (EVs) making up 25% of new long-haul trucks sold and 40% of all new medium-sized truck sales by 2032, according to The New York Times. The EPA’s final emissions standards for heavy-duty vehicles complements the agency’s recent release of the final tailpipe emissions standards for light- and medium-duty vehicles that has been characterized as an “EV mandate.”
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On the heels of the United Nations Climate Change Conference in Dubai, it’s clear that nuclear energy’s role in achieving a clean energy future cannot be overlooked or understated.
At COP28, we heard from dozens of top minds in-person and from afar who echoed the same message: Transitioning to cleaner energy sources cannot come at the price of an unreliable power supply, and that is where nuclear energy comes in. Not only is it a reliable, proven technology, but it is also clean, producing zero carbon emissions. Already, the United States’ 94 nuclear power reactors generate around 18% of all U.S. electricity.
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