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Canada is sleeping on the energy transition

Corporate Knights

At the same time, the five largest Canadian banks have provided $700 billion to the fossil fuel sector since 2015 and doubled their year-over-year financing in 2021. The inability to prepare adequately for the energy transition will come with significant economic costs.

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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.

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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.

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The biggest carbon losers

Corporate Knights

To boot, Enel managed to deflate its carbon bubble almost exclusively by retiring high-carbon assets. Most of these reductions were made from 2015 to 2021 when Enel shut down some 40 of its 50 coal power plants fast and furiously (from 31% of generation capacity to 6%). dollars) through 2030.

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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 For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8 trillion USD in fossil fuels.

Net Zero 147
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SDSN at the Latin America and Caribbean Climate Week

Sustainable Development Network

Prior to the UNFCCC 2015 Conference of Parties (COP) in Paris, SDSN and IDRRI, a leading European think-tank, undertook the Deep Decarbonization Pathways Project (DDPP) engaging national teams in 16 countries covering 70 percent of global carbon emissions.

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Litigation Surge Reflects Evolving Climate Duties

Chris Hall

The number of cases is widely recognised as having doubled since 2015. According to the UNEP Global Climate Litigation Report , more than 1,500 cases had been filed in 38 countries by July 2020.