A defunct New Mexico coal plant would be revamped with the help of subsidies authorized by the new climate legislation, but a plan to rely on natural gas converted into hydrogen has generated criticism.
Conservatives in the U.S. have targeted firms for their environmental policies, but many companies are standing their ground.
As the focus of the Glasgow summit turns to funding, protesters call for greater accountability for companies’ climate promises.
These secretive investment companies have pumped billions of dollars into fossil fuel projects, buying up offshore platforms, building new pipelines and extending lifelines to coal power plants.
Oil and gas giants are selling off their most-polluting operations to small private companies. Most manage to escape public scrutiny.
The BlackRock chief plans to pressure companies to do more to cut carbon emissions, using the weight of his firm’s $9 trillion in assets.
The venture aims to push climate-friendly businesses into the mainstream.
