FossilFuels

Whitmer to revoke Enbridge oil pipeline easement in Straits of Mackinac

Canadian oil transportation giant Enbridge may soon lose its permission to operate a controversial, aging, oil and gas pipeline on the Straits of Mackinac lake bottom.Michigan Gov. Gretchen Whitmer and Michigan Department of Natural Resources Director Dan Eichinger on Friday notified Enbridge that a 1953 easement allowing it to operate dual pipelines in the Straits of Mackinac to transport petroleum and other products is being revoked and terminated.Whitmer and Eichinger also filed a lawsuit asking the Ingham County Circuit Court to recognize the validity of this action, citing violation of th...

Global Climate Groups Issue Guidance To Finance Giants on Aligning with Paris Agreement Goals

A letter to all major global banks signed by major green groups titled “Principles for Paris-Aligned Financial Institutions” ahead of Climate Week. The focuses are climate impact, fossil fuels and deforestation.Q2 2020 hedge fund letters, conferences and more'Paris Principles' document lays out steps needed to transform finance commitments into actionPressure To Commit To Long Term Climate GoalsThe world’s biggest banks, insurers and money managers are under pressure from the public, politicians and their shareholders to commit to long term climate goals. Some have already affirmed that they w...