Florida pulls $2 billion from BlackRock in biggest anti-ESG sale

Florida pulls  billion from BlackRock in biggest anti-ESG sale

Dec 1 (Reuters) – Florida’s chief financial officer said on Thursday his department would divest $2 billion of its assets managed by BlackRock Inc ( BLK.N ), in the largest such sale by an environmentally opposed state, social and corporate asset management. governance (ESG) policies. The move will hardly dent BlackRock’s $8 trillion in assets … Read more

Canada launches new Indo-Pacific strategy targeting ‘disruptive’ China

Canada launches new Indo-Pacific strategy targeting ‘disruptive’ China

OTTAWA, Nov 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, pledging more resources to tackle a “disruptive” China while working with the world’s second-largest economy on climate change and trade issues. The 26-page document outlined C$2.3 billion ($1.7 billion) in spending, among other things, to bolster Canada’s military presence and cyber security … Read more

COP27 brings climate fund breakthrough at the cost of progress on emissions

COP27 brings climate fund breakthrough at the cost of progress on emissions

The COP27 climate summit ends after a marathon weekend of negotiations The final agreement brings about the creation of a historic climate finance fund Negotiators say some have blocked stricter emissions targets SHARM EL-SHEIKH, Egypt, Nov 20 (Reuters) – Countries closed this year’s U.N. climate summit on Sunday with a hard-fought agreement to create a … Read more

COP27 is nearing a breakthrough on climate finance in the quest for a final deal

COP27 is nearing a breakthrough on climate finance in the quest for a final deal

The countries are studying the details of the new draft agreement Delegates herald a possible breakthrough in loss and damage The US proposes a “phase-out” of fossil fuels Some nations want firmer goals in long-term activity Sharm EL-SHEIKH, Egypt, Nov 19 (Reuters) – Negotiators at the COP27 climate summit in Egypt were on Saturday close … Read more