Iowa Attorney General Brenna Bird spoke on “Iowa Press” Aug. 30, 2024. (Photo courtesy of Iowa PBS)
Iowa Attorney General Brenna Bird led a multistate letter Friday questioning whether a new net-zero carbon emissions standard for businesses is illegal under state and federal law.
The letter was sent to David Kennedy, CEO of the Science Based Targets initiative (SBTi), a group that recently released its Financial Institutions Net-Zero standard. This standard is meant to aid financial institutions “in addressing their most significant climate impact through alignment and sector-specific targets,” according to the document, through actions like stopping or limiting investments in new projects related to fossil fuel expansion and addressing deforestation risks in existing investments…