The BlackRock name on a stone wall outside an office building.

Wall Street firms continue exit from climate coalitions amid political pressure

BlackRock is the latest major financial firm to leave a climate-focused investment alliance as Republican political pressure mounts, raising concerns about the future of green finance commitments.

Nicolás Rivero reports for The Washington Post.

In short:

BlackRock announced its withdrawal from the Net Zero Asset Managers initiative, citing legal scrutiny and "confusion" over its climate policies.
The firm insists it will still offer climate-focused investment options despite leaving the alliance.
Major U.S. banks, including Goldman Sachs and JPMorgan, have also exited climate coalitions under political pressure and legal challenges from Republican officials.

Key quote:

“Our memberships in some of these organizations have caused confusion regarding BlackRock’s practices and subjected us to legal inquiries from various public officials.”

— BlackRock statement

Why this matters:

Financial firms play a key role in steering investments toward climate action. The growing political backlash may deter public climate commitments, potentially slowing transparency on climate risks as regulatory pressure in the U.S. decreases.

www.washingtonpost.com

Senator Whitehouse puts climate change on budget committee’s agenda

For more than a decade, Senator Sheldon Whitehouse gave daily warnings about the mounting threat of climate change. Now he has a powerful new perch.

a bridge that is lit up at night with wave breaking on a nearby lake shore in foreground.

Credit: Brad Switzer/Unsplash

Tribes exit pipeline negotiations in Michigan over lack of consultation

Seven Indigenous nations in Michigan have walked away from federal talks over a proposed oil pipeline tunnel, citing a lack of meaningful engagement and treaty violations.

Izzy Ross reports for Grist and Interlochen Public Radio.

In short:

The tribes oppose Enbridge’s Line 5 tunnel project, which would replace part of a 72-year-old pipeline under the Straits of Mackinac, a critical freshwater corridor between Lake Michigan and Lake Huron.
Their withdrawal follows the Army Corps of Engineers’ move to fast-track permitting under President Trump’s energy emergency order, which tribes say dismisses their environmental and legal concerns.
Tribal leaders and legal advocates argue that the project threatens water resources and violates both U.S. treaty obligations and international law requiring Indigenous consent.

Key quote:

“Tribal Nations are no longer willing to expend their time and resources as Cooperating Agencies just so their participation may be used by the Corps to lend credibility to a flawed [Environmental Impact Statement] process and document.”

— Letter from seven Indigenous nations to the U.S. Army Corps of Engineers

Why this matters:

Buried beneath the Straits of Mackinac, where Lake Michigan and Lake Huron converge, Line 5 has become a flashpoint in the battle over fossil fuel infrastructure, Indigenous sovereignty, and environmental protection. The aging oil and gas pipeline — operated by Canadian energy giant Enbridge — moves millions of gallons of crude and natural gas liquids daily through a region that holds 20% of the planet’s surface freshwater. A proposed tunnel to house a replacement segment beneath the lakebed has drawn fierce opposition from tribal nations, who warn it risks catastrophic spills and continued desecration of sacred territory.

Read the Full Article on

grist.org

Wall Street firms continue exit from climate coalitions amid political pressure

Global economic losses from climate change may be far worse than predicted, new study warns

Urban wildfires may expose firefighters to toxic metals like lead and mercury

Texas water fight pits growing cities against each other over groundwater exports

Tribes exit pipeline negotiations in Michigan over lack of consultation

Dow seeks to replace fossil fuels with nuclear reactors at Texas plastics plant

DOE drops solar focus in revamp of student building competition

Offshore wind turbines may offer new habitat for key fish species

An open letter from EPA staff to the American public

“We cannot stand by and allow this to happen. We need to hold this administration accountable.”

New evidence links heavy metal pollution with wildfire retardants

“The chemical black box” that blankets wildfire-impacted areas is increasingly under scrutiny.

Op-ed: Why funding for the environmental justice movement must be anti-racist

We must prioritize minority-serving institutions, BIPOC-led organizations and researchers to lead environmental justice efforts.

Biden finalizes long-awaited hydrogen tax credits ahead of Trump presidency

Responses to the new rules have been mixed, and environmental advocates worry that Trump could undermine them.

Op-ed: Toxic prisons teach us that environmental justice needs abolition

Prisons, jails and detention centers are placed in locations where environmental hazards such as toxic landfills, floods and extreme heat are the norm.

LISTEN: Reflections on the first five years of the Agents of Change program

The leadership team talks about what they’ve learned — and what lies ahead.