Occidental Petroleum’s chief executive Vicki Hollub, right, at an event in 2021. Her speech at Climate Week NYC last week was disrupted by climate protesters This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here , or explore all FT newsletters. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT During a packed schedule of events last week in New York around climate action and international development, one of the most powerful speeches came from Simon Stiell, executive secretary of the UN climate change programme. Clean energy investment was surging, Stiell noted, with the world on course for more than $500bn of investment this year in solar power alone. Yet the bulk of that money is flowing to projects in the largest economies — including wealthy ones such as the US, as well as developing nation powerhouses such as India. Vast numbers of people in many other developing countries are still seeing little benefit from the green investment boom. “If more developing economies don’t see much more of this growing deluge of climate investment, we will quickly entrench a dangerous two-speed global transition,” Stiell warned. Broadening the reach of the global energy transition, while boosting its pace, will be a key focus of intergovernmental talks at November’s COP29 climate summit in Azerbaijan, where international climate finance will be top of the agenda. Serious progress on these issues will need plenty of government support, but also heavy involvement from the private sector. No wonder, then, that many are concerned about what they see as flagging interest in climate issues from corporate leaders. But as we highlight in today’s […]