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Vanguard and BlackRock uncovered as largest investors in coal industry Larry Fink, CEO of BlackRock, recently called for more sustainable investment practices. However, research has shown BlackRock to be the second largest investor inthe coal industry. (Photo by Eugene Gologursky/Getty Images for IRC) The US mutual fund company Vanguard has been named the world’s largest institutional investor in the coal industry, with holdings of almost $86 bn, according to research carried out by Rainforest Action Network, Urgewald and 28 other NGO partners. The investor is closely follo...

WASHINGTON — The re-entry of the United States into the Paris Agreement takes effect today. Friends of the Earth International, along with Friends of the Earth U.S., Sahabat Alam Malaysia/Friends of the Earth Malaysia, and Friends of the Earth Europe, released the following statements in response: Karen Orenstein, Climate and Energy Program Director at Friends of the Earth U.S., said : Rejoining the Paris Agreement was the right move for the United States, but it was just the easy first step. President Biden must follow through on his commitment to do more by centering environmental justice...

WASHINGTON – President Joseph Biden is expected to take the United States back into the Paris Agreement on Day One of his presidency. Friends of Earth International, U.S., and Malaysia, as well as Third World Network, released the following statements in response: Karen Orenstein, Climate and Energy Program Director at Friends of the Earth U.S., said: “Rejoining the Paris Agreement was the easy part. The Biden Administration must now put together a carbon reduction plan premised on the United States doing its fair share of the global effort to keep temperature rise to 1.5°C and provide...

Feds ignored effect on groundwater, cumulative climate impacts Contacts Melissa Hornbein, Western Environmental Law Center, (406) 471-3173 Michael Saul, Center for Biological Diversity, (303) 915-8309 Great Falls, MT — A coalition of groups today challenged five Bureau of Land Management oil and gas lease sales encompassing 112 parcels and 58,297 acres of public lands in central and eastern Montana and North Dakota. The lawsuit says the agency failed to fully assess the potential harm oil and gas extraction would have on the area’s groundwater and ignor...