In the news this week:
- U.S.: West Virginia Targets Financial Firms for ESG Initiatives—Under a new state law, financial institutions that refuse to deal with coal, oil or natural gas companies can be barred from state business.
- EU: Two EU Parliamentary Committees Block Proposal to Include Gas and Nuclear in EU Taxonomy—All MEPs will vote on the Commission’s proposal next month.
- Global: Basel Committee on Banking Supervision Finalizes Climate Guidance—The BCBS finalized a set of principles for financial institutions and supervisors for managing and supervising climate-related financial risks.
- UK: UK Launches Its First Carbon Storage Licensing Round in the North Sea—The carbon storage technology is a key component of plans to achieve Net Zero by 2050.
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