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JP Morgan’s ‘sustainable’ funds invested £200m in mining giant Glencore

The Guardian - 2 hours 35 min ago

Backing of Glencore angers campaigners who have highlighted firm’s environmental breaches in South Africa

One of the world’s biggest banks, JP Morgan, has promoted ­environmental and “sustainable” funds to customers which have invested more than £200m in the mining giant Glencore, it can be revealed.

Ethical investing has become big business for JP Morgan and other financial giants, with worldwide “sustainable” investing expected to surpass $40tn by 2030. But the industry now faces scrutiny over the rules around investments focusing on environmental, social and governance (ESG) issues.

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Categories: Around The Web

New online tool launched to assess net CO2 removals from DAC

Carbon Pulse - Sat, 2025-03-01 22:39
A US-based non-profit has unveiled a new online tool designed to calculate the net CO2 removals achieved by direct air capture (DAC) facilities, providing a detailed lifecycle emissions analysis for the burgeoning CDR technology.
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TikTok ‘craze’ behind Peak District bad parking crisis

The Guardian - Sat, 2025-03-01 21:43

Local MP writes to authorities over ‘irresponsible’ motorists flocking to see sunrise and sunset at Mam tor

An MP has called for action on irresponsible parking at Peak District beauty spots that he says is being fuelled by a TikTok craze.

Jon Pearce, the Labour MP for High Peak in Derbyshire, said people had been flocking to the area to see the sunrise and sunset at Mam tor.

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New blockchain-based voluntary carbon credit aims to cut methane emissions from organic waste

Carbon Pulse - Sat, 2025-03-01 20:18
A climate technology has launched a new blockchain-based voluntary carbon credit aimed at reducing methane emissions by diverting organic waste from landfills and converting it into compost.
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Thailand launches German-based €118-mln ‘climate-smart’ rice project to cut emissions

Carbon Pulse - Sat, 2025-03-01 19:37
Thailand is launching a German-backed €118-million ($122.5 mln) initiative to promote 'climate-smart' rice farming, aiming to support more than 253,000 farmers and cut carbon emissions by 2.44 million tonnes of CO2e by 2028.
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US Senate bill aims at reversing federal vehicle emissions regulations

Carbon Pulse - Sat, 2025-03-01 14:14
A bill looking to overhaul transportation choices for consumers and vehicle emissions standards was introduced in the US Senate earlier this week.
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Alberta addresses issue of “zero-emitting” facilities

Carbon Pulse - Sat, 2025-03-01 13:45
Alberta’s environment ministry discussed the incidence of “zero-emitting” facilities under its programme to address industrial GHG emissions, among a suite of other updates in an annual stakeholder workshop Friday.
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Washington SAF bill would pause WCFS rulemaking

Carbon Pulse - Sat, 2025-03-01 12:55
A bipartisan, bicameral bill in the state legislature promoting sustainable aviation fuel (SAF) production would prompt regulators to hit the brakes on the latest Washington Clean Fuel Standard (WCFS) rulemaking.
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Washington lawmakers seek to solidify farm fuel exemption requirements under CCA

Carbon Pulse - Sat, 2025-03-01 12:54
A bipartisan group of Washington legislators this month introduced a bill to direct the state’s Department of Energy (ECY) to establish reporting requirements for the sale of exempt fuels used for agricultural purposes under the Climate Commitment Act (CCA).
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CFTC: CCA, WCA, LFS driven by legislative certainty amidst regulatory uncertainty

Carbon Pulse - Sat, 2025-03-01 12:16
A mixture of legislative certainty and regulatory uncertainty drove investor sentiment across California Carbon Allowance (CCA), Washington Carbon Allowance (WCA), and Low Carbon Fuel Standard (LFS) futures and options holdings, latest figures from the US Commodity Futures Trading Commission (CFTC) showed Friday.
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Alberta predicts first budget deficit since 2021 amid US tariff uncertainty, TIER revenues tank

Carbon Pulse - Sat, 2025-03-01 11:11
Canada’s provincial energy powerhouse is taking no chances on potential US energy tariffs with a new budget that leaves room for their implementation, though revenues from its carbon market are forecasted to take a roughly 50% hit.
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BRIEFING: Advocates challenge California ARB’s request for staffing boost

Carbon Pulse - Sat, 2025-03-01 10:35
California environmental groups are challenging a funding request from state regulator ARB that the agency says would be used to increase staffing and help establish the state’s carbon management deployment strategy.
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ANALYSIS: Trump’s tariffs threaten US-Canada energy ties

Carbon Pulse - Sat, 2025-03-01 10:24
Impending tariffs by President Donald Trump threaten to clamp the nation’s arterial energy relationship with Canada, potentially plunging the US’s closely tied Northeast energy markets into uncertainty and leaving the northern neighbour to calibrate its response. 
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Embattled project developer C-Quest Capital files for Chapter 7 bankruptcy

Carbon Pulse - Sat, 2025-03-01 09:57
Embattled carbon project developer C-Quest Capital and its affiliated entities this week filed for Chapter 7 bankruptcy in a Delaware court, citing financial distress and insufficient capital to sustain operations.
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Minnesota introduces bill to repeal clean vehicle regulations

Carbon Pulse - Sat, 2025-03-01 04:23
The Minnesota House of Representatives this month introduced a bill to repeal certain clean vehicle rules under the state's environmental regulations.
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Experts push for climate dividend schemes as pressure mounts on ETS revenue spending

Carbon Pulse - Sat, 2025-03-01 02:25
European climate policy advocates are calling on EU member states to implement environmental dividend schemes as a socially just way to distribute revenues from the bloc's Emissions Trading System (ETS), as experts point to significant shortcomings in Italy.
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Dutch climate fund secures €150 mln for green hydrogen

Carbon Pulse - Sat, 2025-03-01 01:37
A Netherlands-based fund this week announced the formation of a green hydrogen blended finance fund, securing an initial €150 million from European donors.
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Proposed forestry project in Malaysia under fire from activists, local communities

Carbon Pulse - Sat, 2025-03-01 01:21
A proposed avoided deforestation and new plantation project in Malaysia has come under fire from activists and Indigenous peoples for failing to gather free-prior and informed consent and encroaching on native customary rights (NCR).
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ANALYSIS: Growing uncertainty around CORSIA participation leaves EU in a quandary

Carbon Pulse - Sat, 2025-03-01 00:36
Growing uncertainty around the participation of large aviation demand centres in CORSIA may leave the EU in a quandary over how to enforce sectoral decarbonisation to meet its own climate goals, new Carbon Pulse analysis has found.
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