Remove 2016 Remove Banking Remove Divestment Remove Paris Agreement
article thumbnail

UK AOs Probe Misalignment After Failed Fossil Fuel Votes

Chris Hall

According to Hoepner, the research will examine investor stewardship at all oil and gas companies tracked by the Transition Pathway Initiative (TPI).

article thumbnail

Shell’s Empty Transition Promise

Chris Hall

They called for the company to align its medium-term Scope 1 to 3 decarbonisation targets with the Paris Agreement and take more ownership of its Scope 3 emissions. “Shell’s updated strategy has moved the company even further away from Paris Alignment,” says Van Baal. The ball is now in the investors’ court. “But

Insiders

Sign Up for our Newsletter

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

article thumbnail

New Ideas, Better Teamwork in Pursuit of Paris Goals

Chris Hall

The alliance says: “Companies need to work now to develop and implement credible transition plans aligned with the Paris Agreement.” In a report Reclaim Finance notes that a tightening of the Race to Zero criteria “led to a pushback from some GFANZ members, and especially the big US banks ”.

article thumbnail

Despite the Headlines, 2021 Was A Year Full of Environmental Victories

Richard Matthews

The final agreement requests parties to come to COP27 next year in Egypt with updated plans on how to slash greenhouse gas emissions by 2030. Under the Paris Agreement, countries were only obliged to update their goals by 2025. trillion in assets, have committed to divest. Businesses, banks, and investors.