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Green Activists Target San Francisco Banks: Climate Week Update

Nic Querolo, Christopher Martin and Will Wade
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Green Activists Target San Francisco Banks: Climate Week Update

(Bloomberg) -- Climate Week is underway. That means some of the world’s most powerful corporate leaders are making pledges to be greener, heads of state are gathering in New York to discuss ways to stop the planet from warming and activists are taking to the streets to call for more action.

More than 150 other events are scheduled to take place across New York over the next four days. On Tuesday, Impossible Foods Inc. founder Pat Brown will talk about making “meat” from plants. Executives from companies including National Grid Plc and Bank of America Corp. are also slated to discuss their plans to combat climate change. The World Bank was scheduled to present a $1 billion plan to fighting food waste.

Read More: Big Oil CEOs Talk Climate Change, Methane and Why They Need Gas

Climate Strikers Target San Francisco’s Wall Street (11 a.m.)

Activists said they plan to target financial institutions and government organizations in downtown San Francisco for strikes and protests on Wednesday. Groups are demanding that banks divest from fossil fuels and redirect money to technologies focused “on ecological renewal.”

Climate Moonshot: Suck Carbon From the Sky (8:36 a.m.)

The battle against climate change, so far, has focused on cutting carbon emissions into the atmosphere. Ernest Moniz is focusing on the carbon that’s already there.

The former U.S. energy secretary under President Barack Obama is calling for a 10-year, $10.7 billion federal effort to develop techniques to extract carbon dioxide from the air and lock it away. The world, he says, can’t avoid dangerous levels of warming without it.

NRG Sets Path to Net-Zero Emissions by 2050 (7:06 a.m.)

NRG Energy Inc. accelerated its effort to eliminate carbon emissions from its power supplies by 2050 or offset any that remain, citing a “new climate imperative,” said Chief Executive Officer Mauricio Gutierrez.

The Princeton, New Jersey-based power supplier expects to eliminate one billion tons of carbon dioxide emissions over the next three decades through investments in renewable energy and ‘forward-leaning’ technologies to decarbonize electricity production.

For a recap of Monday’s events, click here.

--With assistance from David R. Baker, Susan Decker, David Wainer, Patrick Donahue, Jordan Fabian, Josh Wingrove, Romy Varghese, Patrick McKiernan, Peter Blumberg and Mark Chediak.

To contact the reporters on this story: Nic Querolo in New York at jquerolo1@bloomberg.net;Christopher Martin in New York at cmartin11@bloomberg.net;Will Wade in New York at wwade4@bloomberg.net

To contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Carlos Caminada

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