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Global Finance Coalition Set to Invest $130 Trillion in Climate Change

A global finance coalition of investors, banks, and insurers controlling $130 trillion in assets said it would use that capital to hit net-zero.

New yorkUnited statesMark carneyNew york timesNorthern trustUs core index fundUnited nations glasgow financial alliance for netTax force on climate related disclosuresUnited nations glasgow financial allianceNet zeroDeveloped marketsIndex fundSustainability accounting standards boardTax forceClimate related disclosuresCarbon risk

ExxonMobil Is World s Most Obstructive Company on Climate Policy—Report

Of the top 25 biggest climate obstructors, 10 are based in the U.S.

Glasgow cityUnited kingdomUnited statesFrance generalEdward collinsUnited nations glasgow financial alliance for netAmerican petroleum instituteUs chamberValero energyHouse oversight committeeU national mining associationSempra energyOccidental petroleumGerman automotive associationCanadian association of petroleum producersSouthern company

Today s Headlines and Commentary

Lawfare’s daily roundup of national security news and opinion.

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Financial Industry, With $130 Trillion, to Pursue Climate Goals

The pledge would transform the international financial system, but critics say it falls short on fossil fuels.

Richard brooksMark carneyMorgan stanleyEuropean central bankUnited nations glasgow financial alliance for netDeutsche bankUnited nations glasgow financial allianceNet zeroUnited nationClimate horizon summitGreenhouse gasCop26 unfccc united nations climate change conferenceClimate changeGlobal warmingBanking and finance

Climate Summit Turns Its Focus to a Contentious Question: Who Pays?

Even as financial institutions vowed to mobilize trillions in capital toward clean energy, developing countries say they are still struggling to pay the costs of adapting to the dangers of global warming.

New yorkUnited statesFletcher schoolSierra leoneJenny grossJanet yellenSomini senguptaRachel kyteMark carneyLiz aldermanMichael bloombergRaj shahIkea foundationBezos earth fundUnited nations glasgow financial alliance for netUnited nations

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