Energy News on Business Daily

The U.S. Securities and Exchange Commission (SEC) has proposed a new climate-reporting rule that has received criticism due to its legality and the cost of its implementation.

The Philadelphia Union, a Major League Soccer team, announced March 14 that it has agreed on a multi-year deal with Green Mountain Energy, which will power Subaru Park Stadium, Union Power Plant, and the Union’s practice facility.

Earlier this month, Arizona Attorney General Mark Brnovich wrote an op-ed in The Wall Street Journal announcing that he will open an investigation into ESG policies and groups like Climate Action 100+ for attempting to manipulate markets in favor of green energy and climate agendas.

Two months ago, Texas Lt. Gov. Dan Patrick sent a lengthy letter to Comptroller Glenn Hegar, directing him to include a New York-based investment management corporation on a list of companies boycotting the state's energy producers

Nebraska’s pension funds managers probably have their eyes on Texas and West Virginia in light of concerns over BlackRock Inc., the investment firm that handles part of the pension funds in many states.

Many states around the country are weighing their involvement with Blackrock as Blackrock draws the attention of legislators for their position on net-zero energy and renewable energy.

Montana ranks among the top 10 states for the most state pension funds invested through BlackRock, but now states like Texas have called for a boycott of the company based on its energy views.

West Virginia once had approximately $2.1 billion of its state pension funds managed by BlackRock, Inc., but it recently decided to leave that money management firm because the state is at odds with BlackRock’s investment strategy.

Arizona has some of the highest gas prices in the country as crude oil prices touch the ceiling.

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

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.

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.

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.