Remove 2015 Remove Net Zero Remove Stranded Assets
article thumbnail

Canada is sleeping on the energy transition

Corporate Knights

The clean energy transition is happening faster than predicted, with renewable deployment rates growing in line with the International Energy Agency’s scenario for reaching net-zero by 2050. While Canadian energy majors have paid lip service to the idea of becoming “net-zero,” their current climate strategies amount to delay tactics.

article thumbnail

Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 South Pole can help you navigate the existing framework as well as the new net zero guidance (FINZ) which will replace it in Q4 2023.

Net Zero 113
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Their land, their call: When economic reconciliation and climate justice conflict

Corporate Knights

For the FNMPC, that equity should come as broadly as possible – including through the inclusion of Indigenous communities in the development of a greener grid that enables Canada to reach net-zero. That’s why Julia Levin, associate director of Environmental Defence, is wary of the federal government’s “sector-agnostic” loan guarantee.

article thumbnail

Red Light, Green Light

Chris Hall

The UK’s net zero transition depends on huge amounts of private capital that can only be unlocked through climate policy certainty. Investing in the development of onshore wind has also been a challenge, thanks to planning laws introduced in 2015 which allow one objection from a local resident to halt an entire onshore wind project.

article thumbnail

Investors Face Direct Risk from Climate Litigation

Chris Hall

“Investors often underestimate indirect legal risks despite the financial toll of lawsuits against investee companies,” Clarke said. The claim, for £36 billion (US$44 billion), could have a major impact on the firm’s share price, a knock-on effect on investors, and potentially set a precedent for future litigation.

article thumbnail

At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

They also noted the due diligence aspects of a framework that must now be implemented by all federal departments and agencies in line with the targets in the 2015 Paris climate agreement. A government source pointed to a provision for regular reviews of the subsidy policy as an important opportunity to ratchet up restrictions over time.

article thumbnail

Investors Face Rising Direct Risk from Climate Litigation

Chris Hall

“Investors often underestimate indirect legal risks despite the financial toll of lawsuits against investee companies,” Clarke said. The claim, for £36 billion (US$44 billion), could have a major impact on the firm’s share price, a knock-on effect on investors, and potentially set a precedent for future litigation.