The brief selective default of Ohio-based coal company Murray Energy brought the total number of global corporate defaults to 27 this year, 19 of which have come from the U.S., with 4 in the metals and mining space, S&P Global said.
Why it matters: "The metals, mining, and steel sector is off to a rocky start this year with four defaults, already surpassing last year's full-year tally of three," Diane Vazza, head of S&P Global Fixed Income Research, said in a note last week. "Two of the four defaulters in the sector are U.S. coal producers."
NEW YORK — Investors on both sides of the Atlantic are pushing ExxonMobil to disclosetargets that would drastically reduce its greenhouse gas emissions in line with the Paris climate agreement.
Driving the news: The New York public pension fund and Church of England’s endowment have filed a resolution for consideration at Exxon’s annual meeting in May calling for the company to disclose such targets. The oil giant has asked the federal Securities and Exchange Commission, which governs the process, to throw it out. A decision is expected imminently.
Cities around the world turned their lights off for an hour to mark global action on climate change at 8:30 p.m. local time Saturday. Here are some highlights of WWF's Earth Hour initiative.
President Trump's executive order reversing an Obama-era ban on offshore drilling in the Arctic Ocean is unlawful, a federal judge in Alaska has ruled.
Why it matters: Why it matters: U.S. District Court Judge Sharon Gleason's ruling against Trump's 2017 order reinstates a ban on offshore drilling a in wide region off Alaska's coast and part of the Atlantic Ocean.
