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    net zero

    ​Morgan Stanley offices at Canary Wharf financial district in London.

    Morgan Stanley Latest Wall Street Giant to Ditch Net-Zero Coalition

    Earlier this week, Bank of America and Citigroup also said they were leaving the Net-Zero Banking Alliance.

    Eloise Goldsmith
    Jan 02, 2025

    On Thursday, the Wall Street titan Morgan Stanley became the latest financial institution to leave the Net-Zero Banking Alliance, a United Nations-convened group of banks committed to "aligning their lending, investment, and capital markets activities with net-zero greenhouse gas emissions by 2050."

    The defections keep piling up. Earlier this week, Bank of America and Citigroup said they were leaving the alliance, and earlier in December Goldman Sachs Group and Wells Fargo announced they were doing the same.

    Keep ReadingShow Less
    News
    climate emergency
    An ExxonMobil oil refinery.

    Big Oil Should Pay for the US to Reach Net Zero

    The cost of climate action must shift from taxpayers to fossil fuel producers, in other words, to those who profit from the products that pollute the air.

    Hugh Helferty
    Jessica Nacheman
    May 08, 2024

    The Biden administration is spending billions of taxpayer dollars to reduce greenhouse gas emissions in order for the U.S. to achieve Net Zero emissions by 2050, an important goal, in the opinion of most climate scientists, for saving our planet.

    As immense as this spending seems, it is only a small fraction of what will ultimately be required. If America is to achieve Net Zero without massive tax increases, the cost of climate action must shift from taxpayers to fossil fuel producers; in other words, to those who profit from the products that pollute the air. Government regulation is essential to make this happen.

    Keep ReadingShow Less
    Opinion
    fossil fuels
    Rishi Sunak speaks on his government's climate rollback

    'Dangerous and Desperate': Sunak's Net-Zero Flip Condemned by Left, Right, and Center

    "Sunak's U-turn today will be devastating for the people of the U.K. and for the planet we call home," warned one Scottish Green. "It's nothing short of evil."

    Brett Wilkins
    Sep 20, 2023

    Critics across the political spectrum—from Conservative members of Parliament and corporations to Greens and climate campaigners—reacted with anger and resolve Wednesday following the announcement by U.K. Prime Minister Rishi Sunak that his Tory government would retreat from some of its key net-zero commitments.

    Speaking Wednesday at the Downing Street Press Briefing Room in London, Sunak said his government is still committed to reaching net-zero by 2050, but in a "more proportionate way" that would bring a "greener planet and a more prosperous future."

    Keep ReadingShow Less
    News
    rishi sunak

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