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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/energy-oil/companies-stall-climate-action-despite-earlier-promises-44c1c7bd

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☆ Real-Estate Doom Loop Threatens America’s Banks
▼ + stars: | 2023-09-06 | by ( Shane Shifflett | Konrad Putzier | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Shane Shifflett — Reporter at The Wall Street Journal
▼ + stars: | 2023-09-02 | by ( Shane Shifflett | ) www.wsj.com time to read: 1 min

Shane ShifflettShane Shifflett is a reporter for The Wall Street Journal covering topics at the intersection of finance and climate change. His stories have explored how regulators, small businesses, tech companies and debt collectors influence the economy. He joined the Journal in 2016 as a graphics reporter building interactive data visualizations. Before joining the Journal, he worked for the Huffington Post on a range of topics from the business of college athletics to the World Bank's policies protecting indigenous people. He began his career in California covering judicial conflicts of interest, local elections and transit for the Center for Investigative Reporting and the Bay Citizen.

Persons: Shane Shifflett Shane Shifflett Organizations: Wall, Huffington, Center, Investigative, Bay Citizen Locations: California

☆ Buildings Are Empty, Now They Have to Go Green
▼ + stars: | 2023-09-02 | by ( Shane Shifflett | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/real-estate/commercial/buildings-are-empty-now-they-have-to-go-green-7739f6c5

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Will ParkerWill Parker writes about the housing and residential rental market for The Wall Street Journal. He was previously a reporter and special projects editor at the Real Deal, where he focused on the intersection of New York City real estate and politics.

Persons: Will Parker Will Parker Organizations: Wall Street, Real, New York Locations: New, New York City

☆ Missing Millions and a Rabbinical Arbitrator: Real-Estate Deal Gone Bad Hits Popular Crowd Funder
▼ + stars: | 2023-07-31 | by ( Shane Shifflett | Ben Foldy | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/missing-millions-and-a-rabbinical-arbitrator-real-estate-deal-gone-bad-hits-popular-crowd-funder-3555314f

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☆ Bank of America, Huntington National Stand Out for Large Reductions in Uninsured Deposits
▼ + stars: | 2023-07-24 | by ( Jonathan Weil | Shane Shifflett | ) www.wsj.com time to read: 1 min

The Federal Deposit Insurance Corporation is doing what it was designed to do when banks like Silicon Valley and Signature go under: cover insured deposits. Here’s how the FDIC works and why it was created. Photo illustration: Madeline MarshallWhen Silicon Valley Bank ran into financial trouble, its customers ran for the exits because most of their deposits weren’t insured. In the weeks after, dozens of banks tweaked their numbers to reduce the portions of their deposits that they said were uninsured.

Persons: Madeline Marshall Organizations: Federal Deposit Insurance Corporation, Silicon Valley Bank Locations: Silicon

☆ FDIC Scolds Banks for Manipulating Deposit Data
▼ + stars: | 2023-07-24 | by ( Jonathan Weil | Shane Shifflett | ) www.wsj.com time to read: 1 min

Persons: Madeline Marshall Organizations: Federal Deposit Insurance Corporation, Silicon Valley Bank Locations: Silicon

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/company-insiders-made-billions-before-spac-bust-4607a869

☆ SPACs Delivered Easy Money, but Now Companies Are Running Out
▼ + stars: | 2023-04-26 | by ( Amrith Ramkumar | Shane Shifflett | ) www.wsj.com time to read: 1 min

Illustration: Ali LarkinThe SPAC boom took hundreds of risky companies to the stock market. The next stop for many is bankruptcy court. Dozens of companies that merged with SPACs are running out of cash, joining at least 12 that have already gone bankrupt after combining with special-purpose acquisition companies.

☆ Climate Rules Expose Surprising Splits Among Businesses
▼ + stars: | 2023-04-17 | by ( Shane Shifflett | Jean Eaglesham | ) www.wsj.com time to read: 1 min

Regulators knew they were facing a political hornet’s nest when they launched a plan that would force businesses to disclose their carbon emissions and other climate data. The fight has been just as bitter among companies. They are split between businesses that believe climate disclosure can boost profits and those that see it as costly, complicated and useless, a Wall Street Journal analysis of hundreds of comment letters on the proposed rules shows.

The people in the online spaces where Airman First Class Jack Teixeira spent his time and allegedly leaked highly classified documents had many things in common. In obscure game forums and private online chat rooms, his friends posted violent slurs against Black, gay and trans people, Jews, Ukrainians and pretty much everyone else. Everyone, that is, except Russians.

☆ Europe’s Big Polluters Win Carbon-Credit Windfall
▼ + stars: | 2023-03-27 | by ( Shane Shifflett | ) www.wsj.com time to read: 1 min

Some of Europe’s largest polluters are earning windfalls from the sale of carbon credits. Their profits are an unintended consequence of generous subsidies that make up a crucial element of the region’s carbon market. A Spanish oil and gas company, a Romanian aluminum producer and two Finnish industrial businesses together sold nearly €120 million—equivalent to more than $129 million—of credits last year, according to an analysis of company disclosures. A wave of additional sales potentially worth tens of millions of euros are expected to be disclosed in the coming months.

☆ Where Financial Risk Lies, in 12 Charts
▼ + stars: | 2023-03-26 | by ( Shane Shifflett | Danny Dougherty | ) www.wsj.com time to read: 1 min

The sudden collapse of Silicon Valley Bank was driven in part by assets that lost value when interest rates rose from near zero. Higher rates will continue to weigh on banks’ balance sheets. Banks lost money on securities sensitive to interest rates such as Treasurys and mortgage-backed securities. One risk is commercial real estate, where owners of half-empty office buildings might struggle to pay their debts. That would hurt commercial mortgage-backed securities, which are already declining in price.

☆ Sustainable Funds Dodged Outflows in 2022 Market Rout
▼ + stars: | 2023-03-07 | by ( Shane Shifflett | ) www.wsj.com time to read: 1 min

Sustainable funds that invest based on factors such as companies’ carbon footprints and workforce diversity attracted new investment in 2022, despite a broad market selloff that punished many sectors. Investments into U.S. sustainable funds including stocks, bonds and other categories fell to $3.1 billion in 2022 from $69.2 billion a year earlier, according to Morningstar . Conventional funds that don’t consider environmental, social or governance factors, also known as ESG, suffered more than $370 billion in withdrawals last year.

☆ Carbon-Credit Raters Aim to Assess a Notoriously Opaque Market
▼ + stars: | 2023-02-07 | by ( Shane Shifflett | Dieter Holger | ) www.wsj.com time to read: +7 min

Carbon-credit-rating firms aim to give buyers confidence in assessing the unregulated market for carbon offsets, voluntary credits that can help companies fulfill their decarbonization promises. Traders, online marketplaces and corporate sustainability departments are typical customers for carbon-credit ratings, but companies increasingly encounter the scores through intermediaries selling the offsets. Sylvera Ltd., one of the carbon-credit raters, said that less than a third of projects aimed at preventing deforestation are high quality. The market for voluntary carbon credits topped $2 billion in 2022, according to publisher and researcher Ecosystem Marketplace. BeZero has fully rated around 280 projects, Calyx around 260, Sylvera around 115 and Renoster has fully reviewed nine.

PLANCHÓN, Peru—More than a decade ago, Leonardo Racua was one of the first people in Peru to agree to help preserve the Amazon rainforest in exchange for cash from the sale of carbon credits. He built a thatched-roof home in the country’s southern Madre de Dios state and harvested Brazil nuts that fall from massive trees deep in the jungle. It wasn’t until last year that Mr. Racua received an $8,000 payment, his first cash from the sale of carbon credits.

☆ Carbon-Credit Investors Start to Pay Up for Quality
▼ + stars: | 2022-12-16 | by ( Shane Shifflett | ) www.wsj.com time to read: 1 min

A farm in Iowa sold carbon credits after adopting practices to trap carbon dioxide in the soil. Buyers snapped up carbon credits this year at the same record pace as 2021, but they put higher prices on projects that were seen as more effective in reducing greenhouse-gas emissions, a sign of growing maturity in the nascent market. Increased scrutiny by regulators, analysts and governments slowed years of growth in the market, according to Melissa Lindsay, founder of Emstream and Emsurge, a wholesale marketplace for commodities and carbon credits.

When crypto exchange FTX was struggling to raise cash early last month, it seized billions of dollars worth of collateral from its trading arm, Alameda Research, and used it to try to convince investors of its financial health, former FTX Chief Executive Sam Bankman-Fried said. But much of it didn’t add up. A big chunk of the assets consisted of four thinly traded crypto tokens closely connected to Mr. Bankman-Fried and FTX employees and mostly held by Alameda. The tokens were likely worth far less than the $6.4 billion marked on the balance sheet FTX was shopping to investors in the hope of a bailout, according to market data and crypto researchers.

☆ Carbon Market Under Pressure to Deliver Billions in Climate Funding
▼ + stars: | 2022-11-12 | by ( Amrith Ramkumar | Shane Shifflett | ) www.wsj.com time to read: 1 min

Some carbon credits are tied to preserving forests in countries such as Nigeria, but verifying the climate benefits is often a challenge. The U.S. government and United Nations are touting plans for businesses to funnel billions of dollars to developing nations to fight climate change. The efforts rely on a tiny carbon-credit market that has struggled for years with uneven standards and conflicts of interest. A global effort unveiled by U.S. climate envoy John Kerry and a U.N. Africa-focused credit initiative are two of the hallmark pledges of the climate summit continuing in Sharm El Sheikh, Egypt. The goal is to fill the financing gap to fund the transition to clean energy in developing countries.

☆ COP27 Summit Begins as Economy, Ukraine War Overshadow Climate Concerns
▼ + stars: | 2022-11-06 | by ( Shane Shifflett | ) www.wsj.com time to read: 1 min

Last year’s United Nations climate conference in Glasgow was full of disagreements, but it may be a high-water mark for international cooperation on the issue. This year, an energy crunch underscored the challenges of a transition to clean energy from fossil fuels. Climate concerns are being overshadowed by the war in Ukraine and related energy shortages; governments are worried about an economic downturn and some key alliances have broken down.

☆ Airlines Say They Are Green, but the Industry Fights Emissions Rules
▼ + stars: | 2022-10-11 | by ( Jean Eaglesham | Shane Shifflett | ) www.wsj.com time to read: 1 min

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☆ Carbon-Credit Surplus Could Soon Turn to Shortage
▼ + stars: | 2022-09-24 | by ( Shane Shifflett | ) www.wsj.com time to read: 1 min

Shell aims to offset 120 million tons of carbon emissions annually by 2030, which would be a fraction of what it emitted in the past year. Hundreds of companies plan to achieve their climate goals using carbon credits to offset the emissions they can’t eliminate on their own. Soon there might not be enough of the credits to go around. Despite record demand for carbon credits last year, supply of new offsets has still outpaced demand. That has created a surplus that has has kept most carbon credits cheap.

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