Environmental Finance Online News

Business for Democracy and ASBC Lead Effort to Overturn Citizens United v. FEC

The Business for Democracy Campaign, which the American Sustainable Business Council is spearheading in partnership with Free Speech for People is tackling the compelling issue of corporate contributions to political campaigns.

The U.S. Supreme Court’s Citizens United v. FEC decision on January 21, 2010 allows corporations to spend unlimited funds to support or oppose candidates for political office, overturning campaign finance laws in place for decades. The Business for Democracy campaign is an initiative of business leaders and their companies who believe this ruling is in direct conflict with American democratic principles and a serious threat to good government. The campaign supports the four members of the Supreme Court and the 80 percent of Americans who disagree with the decision (Washington Post poll, Feb. 17, 2010).

If you'd like your business to join this effort, you can sign the statement of support here or here.

Environmental Finance Online News

Online News 27 March

2nd Annual Carbon Finance North America 2008
New York – 4, 5 & 6 June. Business-critical advice from leading experts in carbon markets. Book now to take advantage of early bird rates.

6th Annual EU Emissions Trading 2008: Implementing Phase II
Brussels – 7, 8 & 9 July
Full details will be available soon, but for now please save the date.

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News
CDM problems “temporary” – EB chair (from Carbon Finance)
27 March: Rajesh Kumar Sethi, the new chair of the Clean Development Mechanism Executive Board, told Carbon Finance that problems over the past year are “temporary phenomena” which will decline soon. More…

Environment is a ‘top 10’ risk to business
27 March: An increasing concern about the environment has been ranked in the top 10 strategic risks to business in a recent report from consultancy Ernst & Young. More…

Trading Emissions builds carbon credit portfolio
27 March: UK-based carbon investment company Trading Emissions expects to be issued with 5 million carbon credits by the UN by the end of April 2009, from a contracted portfolio of 53 million – up 2 million in the last three months. More…

JPMorgan buys carbon offset firm ClimateCare
27 March: US investment bank JPMorgan has bought ClimateCare, one of the oldest carbon offset providers, to strengthen its carbon credit origination business. More…

Merrill Lynch, SocGen launch carbon indexes
27 March: Investment banks Merrill Lynch and Société Générale have both announced the launch of carbon indexes, following similar moves by Barclays Capital and UBS. More…