The coming Wall Street battles over climate change

Why it matters: Shareholder pressure is becoming an increasingly important driver of corporate decision-making at a time when national governments’ political will on climate is uneven at best. Driving the news, part 1: As we wrote yesterday, banking giant Goldman Sachs says it won’t directly finance Arctic oil exploration or new coal-fired power plants anywhere, among other revisions to its climate policies. Driving the news, part 2: Shareholder efforts to push Big Oil to significantly bolster its climate commitments to align with the Paris climate agreement in 2020 are coming into focus.

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