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Fossil fuel expansion will be the litmus test for banks’ net-zero promises

Corporate Knights

Civil society organizations are gearing up to hold financial industry players accountable on the lofty commitments they made at COP26 in November. trillion in financing to the fossil fuel sector worldwide between 2016 and 2020, according to a report, Banking on Climate Chaos, produced by a coalition of environmental advocacy groups.

Net Zero 246
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A New Year’s resolution for Bill Gates

GreenBiz

Vital reading, particularly in a year that should see Glasgow hosting the COP26 climate summit. But if I could propose one additional New Year’s resolution for Gates, it would be to send another book to all COP26 delegates: Kim Stanley Robinson’s " The Ministry for the Future.".

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CDL’s integrated sustainability report 2022 zeroes in on bolder decarbonisation targets 

Corporate Knights

Raised Scope 1 and 2 carbon emissions intensity reduction target to 63% from new baseline year 2016, validated by Science Based Targets initiative . CDL will also reduce its Scope 3 GHG emissions from purchased goods and services by 41% per sqm Gross Floor Area (GFA) by 2030 from 2016.

Net Zero 140
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CDL's Integrated Sustainability Report 2022 Zeroes in on Bolder Decarbonisation Targets

3BL Media

Raised Scope 1 and 2 carbon emissions intensity reduction target to 63% from new baseline year 2016, validated by Science Based Targets initiative. CDL will also reduce its Scope 3 GHG emissions from purchased goods and services by 41% per sqm Gross Floor Area (GFA) by 2030 from 2016.

Net Zero 130
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Morgan Stanley will measure CO2 impact of loans and investments

GreenBiz

The announcement marks a major coup for the PCAF and is a landmark green move for Morgan Stanley, one of the world's largest and most recognizable private banking groups, which from 2016 to 2019 invested more than $91 billion n fossil fuels, according to the Rainforest Action Network.

Banking 413
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A new year’s resolution for federal pension funds: Stop financing fossil fuels

Corporate Knights

In early December, Canada announced it would implement the Glasgow Statement , a multilateral commitment signed at last year’s COP26 to end international public financing for fossil fuels by the end of 2022 and fully prioritize the clean energy transition. Between 2016 and 2019, EDC provided an average of $10.6 billion in 2020.

Net Zero 275
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£200k grant supports underwater tidal turbine in Indonesia

Envirotec Magazine

The array would utilise Nova’s next generation 100kW tidal turbines – innovative, world-leading technology that has been powering homes and businesses in Shetland since 2016. Nova Innovation met with members of the Indonesian delegation to COP26 in Glasgow to discuss the potential for tidal energy in the country.

COP26 52