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New York State Comptroller Thomas DiNapoli announced his office would sell actively managed pension fund investments in the oil major because of its climate risk. But the fund will continue to hold a far larger stake in the company through “passive” investments.

New York State’s largest public pension fund is restricting its investments in ExxonMobil after determining the oil company is failing to prepare for a low-carbon world. The announcement falls far short of pledging a full divestment from Exxon, however, and the fund will continue to hold hundreds of millions of dollars worth of shares in other major oil companies.

New York State Restricts Investments in ExxonMobil, But Falls Short of Divestment

Climate Change

A Protracted US–Iran War Could Strain Climate Finance From Wealthy Countries to Developing Nations

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As rising oil prices make the case for renewables, experts say the World Bank and IMF must accelerate the shift to solar and wind or risk.

WASHINGTON, D.C.—The ongoing war in Iran is casting a long shadow over the climate finance commitments countries agreed to in 2024, experts warned, as surging oil prices and rising defense budgets put further pressure on the limited pot of money developing nations are counting on to stave off worsening impacts from a warming planet.

A Protracted US–Iran War Could Strain Climate Finance From Wealthy Countries to Developing Nations

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Climate Change

Illinois Weighs Early Warning System For Pesticide Spraying Near Parks, Schools

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What makes Illinois’ bill distinct is the parks provision within the spray area, as studies point to particle drift and widespread injury across non-target public and private lands.

A bill in the Illinois General Assembly would require certified pesticide users—anyone licensed by the Illinois Department of Agriculture to use Restricted Use pesticides, such as paraquat or fumigant insecticides—to give written or emailed notice at least 24 hours before application at any school, child care facility or park located within 1,500 feet of application that opted to receive them.

Illinois Weighs Early Warning System For Pesticide Spraying Near Parks, Schools

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Climate Change

The History of Earth Day—and Why It Still Matters

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Fifty-six years after the first one rallied 20 million people across America, “we need to do things that make us feel more powerful.”

From our collaborating partner Living on Earth, public radio’s environmental news magazine, an interview by host Steve Curwood with environmental historian Adam Rome.

The History of Earth Day—and Why It Still Matters

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