Eugene Ellmen

@eugeneellmen.bsky.social

Business and financial journalism for the climate, people and communities. https://muckrack.com/eugene-ellmen

The Banking on Climate Chaos report documents $906 billion in total fossil fuel financing in 2025, about 8% higher than in 2024. The document is a who’s who of the 65 largest fossil fuel banks in the world. Here is my review of this important report, posted in Corporate Knights this week.

Banks up the ante on fossil fuels — again

The new Banking on Climate Chaos report shows global banks ramping up their fossil fuel financing, though some are dialling back

corporateknights.com

Shareholder engagement on climate is changing. It's focusing on behind-the-scenes meetings instead of public proxy battles. And it's moving away from target-setting and emissions disclosure to climate transition plans. Here's my feature in Corporate Knights. corporateknights.com/finance/shar...

Shareholder activists are changing tactics for promoting sustainability | Corporate Knights

Climate-aligned investors are focusing more on private dialogues and corporate transition plans than ESG resolutions

corporateknights.com

Mark Carney's new wealth fund won’t hold much appeal for green investors, who will be put off by its fossil fuel holdings. But it could be very popular among "elbows up" investors worried about Canadian sovereignty. My piece in Corporate Knights. corporateknights.com/finance/mark...

Mark Carney turns nation-building into a retail investment product

Canada's new sovereign wealth fund has strong patriotic appeal, but green investors may recoil from fossil fuel inclusions

corporateknights.com

As the Canadian sustainable finance taxonomy begins work to create clear labels for "green" and "transition" investments, a debate over how natural gas fits into this classification is underway. Here's my report in Corporate Knights. corporateknights.com/responsible-...

A clash over natural gas is brewing as Canada readies green rules

A key sustainable taxonomy tool to guard against investment greenwashing in Canada is finally in the works

corporateknights.com

Canada's major pension funds are talking about financing nation-building projects -- a turnaround for funds that have jealously guarded their independence. In Corporate Knights, I look at what infrastructure and energy sectors could get the green light. corporateknights.com/finance/can-...

Can Ottawa convince Canada’s pension giants to invest at home? | Corporate Knights

Shifting geopolitics has Canada’s pension super-funds considering a change in strategy to take advantage of their "home-ice advantage"

corporateknights.com

ArcelorMittal Dofasco is rethinking its greenhouse gas reduction project in Hamilton, looking to make lower-CO2 iron instead at its existing facility in Quebec. The new plan is a victory for Quebec's renewable energy strategy. My analysis in today's Spectator. #Hamont www.thespec.com/opinion/cont...

Dofasco green iron plan a win for Quebec energy strategy

It only makes sense to convert to hydrogen if it can be produced economically and with non-emitting renewable power.

thespec.com

Donald Trump looms large over prospects for sustainable finance in 2026. Still, economic fundamentals of the energy transition and imperatives of global warming provide hope for the industry's future. My annual predictions for readers of Corporate Knights. share.google/9xhDxemBfJ7P...

Corporate Knights | Since 2002

Corporate Knights is an award-winning sustainable economy magazine that produces research, rankings, and reports on the world's most sustainable corporations, solutions and leaders.

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Tropical forests are a key part of the earth's ecosystem that moderates global warming. Brazil wants to tap the financial industry to create a permanent global tropical forest endowment. Despite lukewarm support at COP30, hopes are high for the imaginative new fund. My take in Corporate Knights.

Disappointing support for COP30 forest protection fund not the last word

Climate groups, governments, development agencies and even some banks maintain hope that the trail-blazing fund can become a reality

corporateknights.com

By sharply reducing the number of companies reporting under Europe's sustainability disclosure rules and wiping out key supply chain information mandates, the EU is delivering a blow to progress on sustainable finance. New statement from Eurosif and 480 investors and businesses.

Omnibus: setback for sustainable finance rules, but damage control on transition plans - EUROSIF

Aleksandra Palinska, Executive Director of Eurosif, commented: “Reducing the number of in-scope companies by over 90% for sustainability reporting and by 70% for rules on transition plans and due dili...

eurosif.org

The collapse of the NZBA seems to point to a bleak period ahead for the climate transition. Yet the Rocky Mountain Institute and Europe-based Finance Watch are laying out optimistic new approaches to engagement and regulation on banks and global warming. My article in Corporate Knights.

Mark Carney's Net-Zero Banking Alliance is done. Now what?

The end of the global network could spell more bank financing of fossil fuels, or a more effective path for the energy transition

corporateknights.com

The demands for capital to finance solutions to the polycrisis of the Trump tariffs, climate change, international wars, and non-stop innovation will be enormous. Where will Canada get the money? Canada’s financial regulator believes Bay Street holds the key. My report in Corporate Knights.

Corporate Knights@green-economy.bsky.social · 11mo ago

Canada’s financial industry regulator is quietly laying the ground for the country’s banks, insurance companies and pension funds to vastly increase credit and investments targeted to the current economic crisis.

A new report shows global banks are sharply ramping up fossil fuel financing, flying in the face of what the world needs to avoid catastrophic global warming. My piece in Corporate Knights. ://www.corporateknights.com/category-finance/banks-reverse-course-pour-more-money-into-fossil-fuels/

Banks reverse course and pour more money into fossil fuels

Clean energy is poised to pull in double the financing as oil, gas and coal, but a new report shows that big banks, especially Canadian and U.S. entities, are still betting big on fossil fuels

corporateknights.com

With Mark Carney calling on Canada to become an energy superpower, there's an urgent need for corporate climate transition plans. Future growth can't come at the expense of higher emissions. Here's a plan from Business Future Pathways. www.corporateknights.com/category-fin...

A new plan to kick-start the energy transition at Canadian companies

Credible energy transition plans are vanishingly rare. Business Future Pathways has a strategy to change that.

corporateknights.com