Sheryl Lee

2 weeks ago | sg.news.yahoo.com | Low De Wei |Sheryl Lee

CDL defended the actions as “necessary and appropriate”, due to what it said were “governance concerns in relation to the role and involvement” of an adviser at its hotel subsidiary. The board of City Developments Limited (CDL), the property company controlled by one of Singapore’s wealthiest families, said it deviated from its usual processes earlier this year in appointing two new directors.

Oct 20, 2024 | bloomberg.com | Sheryl Lee |Ishika Mookerjee |Christopher Udemans

The $5 trillion industry's move against clean energy and green technology may prove more damaging than political pushback over "woke" capitalism. The fast money on Wall Street has taken a close look at key sectors in the green economy and decided to bet against them.

Nov 27, 2023 | bloomberg.com | Sheryl Lee |Ishika Mookerjee |Heesu Lee

The price of carbon is going up. While no one knows exactly how high it will go or how quickly, money managers are beginning to assess the impact of rising costs on their equity investments. Invesco Ltd. now tests its portfolios under a range of carbon prices from less than $10 a ton to more than $100. At Morgan Stanley, the sustainability research team is monitoring carbon regulations that are likely to inflate costs for companies. Meanwhile, Fidelity International Ltd.

Nov 22, 2023 | bloomberg.com | Sheryl Lee

As the world moves toward greener energy sources, an industry group for the dirtiest fossil fuel is trying to clean up its image — by adding “sustainable” to its name. The World Coal Association has rebranded itself as “FutureCoal: The Global Alliance for Sustainable Coal,” Chief Executive Officer Michelle Manook said at a press conference in Delhi.

Nov 20, 2023 | bloomberg.com | Sheryl Lee

More than 100 countries have pledged about 1 billion hectares (3.9 million square miles) of land — more than the continental United States — to restoring ecosystems and planting trees, an attempt to meet their climate targets that new research says is “unrealistic.” The US, Saudi Arabia, Canada, Australia and other high-income countries made some of the largest land pledges, based on emissions-reduction plans submitted to the United Nations.