Companies go green, but the planet doesn’t always win

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A growing class of powerful, socially conscious investors are pouring trillions of dollars into businesses that can tout their environmental efforts. But greening a corporate balance sheet isn’t the same as greening the planet. More in The Long Game:

at recycling, broken down by materials including plastic packaging, aluminum and steel cans, glass bottles and jars, and cardboard.The 10 states with bottle deposit laws account for a big share of what actually gets recycled in the U.S. These states, which include Maine, Vermont, Oregon and Connecticut, had the highest recycling rates overall. They also charged higher landfill fees compared with states at the bottom, like Alaska and Tennessee.

Now the American Petroleum Institute, Washington’s leading oil and gas lobby, is taking a page from EEI. The trade group will start meeting with investors, banks and credit rating agencies in April and deliver its own standard by fall. “Despite there being hundreds of indicators that dozens of companies use, there’s not a unifying parameter,” said, API manager of climate and ESG policy. “If you’re a bank or investor or policymaker or consumer, it’s hard to be sure you’re comparing apples to apples from one company to the next.”

API’s stated goal is to prepare the industry for carbon trading. But the move also is being examined by the Securities and Exchange Commission as the agency weighs whether to require more ESG disclosure., EEI’s senior vice president of energy supply and finance, about the industry templates.

. Questions remain about the science and whether big food, agriculture and tech will use the program to reduce their carbon footprint.The administration set a goal to add 30 gigawatts of offshore wind generation to U.S. coastal waters by 2030, a target the White House said would require more than $12 billion per year in capital investment in projects that would employ 44,000 people.

 

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