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Energy

Texas-based ExxonMobil discontinuing projects and investments in Russia

In response to the Russian invasion of Ukraine, Texas-based ExxonMobil has announced that it is discontinuing ongoing projects and investments in Russia.

Energy

HSBC creates net zero emission plan for its investment companies

HSBC Holdings Inc. will consider net zero emissions plans for the companies that it invests in, though it has been criticized for not being strict enough.

Energy

New York pension fund divesting of fossil fuels but not its investments in China, 'putting out dozens of coal power plants a year'

New York's pension fund will be divesting of multiple fossil fuel investments for reportedly not preparing enough to meet carbon neutral goals, but the state's pension funds still has billions connected to investments in China, one of the most pollution-heavy nations.

Energy

U.S. Department of Energy allows local governments to ban new natural gas hookups

The U.S. Department of Energy recently told an appeals court that federal law does not stand in the way of local governments banning new natural gas hookups.