Tag: Ceres

New Ceres report finds that cleaner ironmaking holds the key to modernizing America’s steel industry

Stuart Mitchell

As the U.S. steel industry approaches a multi-billion-dollar reinvestment cycle, new analysis commissioned by Ceres finds that direct reduced iron (DRI), a proven technology in ironmaking, is the most attractive place for future investment. The report, Smarter, Leaner, Cleaner: Direct Reduced Iron and the Future of American Steel, finds that DRI is the lowest-cost, new-build ironmaking technology in the four major steel producing hubs studied: Minnesota’s Iron Range, the Gulf Coast, Pennsylvania, and Northern Indiana. Ceres convened more than 40 experts from the steel industry, financial institutions, and OEMs to…

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Ceres releases new guidance for investors to address risk in the electric power sector resulting from the expansion of data centers

Stuart Mitchell

The rapid buildout of data centers across the United States is requiring vast amounts of new electricity to fuel the AI boom. Data centers currently use 4% to 5% of U.S. electricity, and that percentage is only expected to grow. Data center developers need to power up quickly to stay competitive, but utilities face challenges meeting their timelines. The magnitude of this new demand, combined with how quickly data centers’ needs are met, presents considerable risk for electric power companies.  To help investors navigate these risks with power companies in…

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Ceres Urges SEC to Withdraw Proposal to Rescind Climate Disclosure Rules

Stuart Mitchell

Ceres recently submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) opposing the agency’s proposal to rescind its landmark 2024 climate-related disclosure rules.  Ceres’ letter argues that the rules, supported by mainstream investors and companies, fall well within the SEC’s statutory authority, and the benefits of standardized disclosure outweigh the potential costs. Read the full letter here.   “The corporate disclosure rules were put in place to support American investors in understanding how companies are managing climate risks and opportunities.  Rescinding the rules will leave investors in the dark…

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Leading businesses call on states to tackle energy affordability with clean solutions

Stuart Mitchell

More than two dozen major companies and business advocacy organizations today called on states to enact bipartisan policies to address energy affordability.    In an open letter to state policymakers, 25 businesses expressed support for commonsense policies to optimize the power grid, accelerate interconnection of clean energy resources, and expand energy efficiency and demand flexibility programs.  The letter was signed by AO Smith, CommonSpirit, dsm-firmenich, Grove Collaborative, Heirloom, Johnson Controls, the National Ski Areas Association, the Ohio Business Energy Partnership, Patagonia, REI, Sealed, Sierra Nevada Brewing Company, among others.  “Clean energy…

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Ceres Comment Letter Urges SEC to Reject Semiannual Reporting Rule That Would Harm Investors

Stuart Mitchell

Ceres have submitted a public comment letter urging the U.S. Securities and Exchange Commission (SEC) to withdraw its proposed rule that would allow public companies to provide semiannual instead of quarterly financial reporting.  “Investors urgently need clear, consistent climate-related financial information. Allowing changes to the reporting frequency from quarterly to semiannually gives investors less information, making it harder to assess financial performance and risks, including climate-related financial impacts of the companies they own,” said Steven Rothstein, Chief Program Officer at Ceres. “Less frequent reporting creates an uneven playing field, where…

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