Actors, Frames and Arguments: A Multi-Decade Computational Analysis of Climate Discourse in Financial News using Large Language Models

Ruiran Su, Markus Leippold, Janet B. Pierrehumbert


Abstract
We curate a 980,061-article corpus of climate-related financial news from the Dow Jones Newswire (2000–2023) and introduce a three-stage Actor–Frame–Argument (AFA) pipeline that uses large language models to extract actors, stances, frames, and argumentative structures. We conduct AFA extraction on a stratified, uncertainty-enriched sample of 4,143 articles that preserves the temporal and thematic distributions of the full corpus. Reliability is established with a 2,000-article human-annotated gold standard and a Decompositional Verification Framework (DVF) that decomposes evaluation into completeness, faithfulness, coherence, and relevance, with multi-judge scoring calibrated against human ratings. Our longitudinal analysis uncovers a structural shift after 2015: coverage transitions from risk and regulatory-burden frames toward economic opportunity and technological innovation; financial institutions and companies increasingly deploy opportunity-centered arguments, while NGOs emphasize environmental urgency and governments stress compliance. Methodologically, we provide a replicable paradigm for longitudinal media analysis with LLMs. For high-stake domain insights, we map how the financial sector has internalized and reframed the climate crisis across two decades.
Anthology ID:
2026.findings-eacl.104
Volume:
Findings of the Association for Computational Linguistics: EACL 2026
Month:
March
Year:
2026
Address:
Rabat, Morocco
Editors:
Vera Demberg, Kentaro Inui, Lluís Marquez
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Findings
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Publisher:
Association for Computational Linguistics
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Pages:
1994–2014
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https://preview.aclanthology.org/ingest-eacl/2026.findings-eacl.104/
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Cite (ACL):
Ruiran Su, Markus Leippold, and Janet B. Pierrehumbert. 2026. Actors, Frames and Arguments: A Multi-Decade Computational Analysis of Climate Discourse in Financial News using Large Language Models. In Findings of the Association for Computational Linguistics: EACL 2026, pages 1994–2014, Rabat, Morocco. Association for Computational Linguistics.
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Actors, Frames and Arguments: A Multi-Decade Computational Analysis of Climate Discourse in Financial News using Large Language Models (Su et al., Findings 2026)
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