Remove 2018 Remove Banking Remove Stranded Assets
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Their land, their call: When economic reconciliation and climate justice conflict

Corporate Knights

When those 16 nations went to the bank for financing, they were told there was no point in trying. Twelve years ago, First Nations tried to buy an equity stake in the Pacific Trail Pipeline (pictured in 2015) but couldn’t secure bank financing – prompting calls for federal loan guarantees.

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

Corporate Knights

With the World Bank, the World Trade Organization, and environmental groups all in agreement, he added, “getting rid of inefficient fossil fuel subsidies is now a common sense bottom line.” “The simple reality is that it’s no longer free to pollute in Canada,” Guilbeault told media Monday morning. “We That work was meant to conclude by 2020.

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ESG Explainer: The Blue Economy

Chris Hall

Launched in 2018, they act as a global guiding framework for banks, insurers and investors. They were developed by the European Commission, World Wide Fund for Nature (WWF), the World Resources Institute and the European Investment Bank (EIB) and are hosted by UNEP FI as part of the Sustainable Blue Economy Finance Initiative.

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All Systems go for Net Zero

Chris Hall

Rasmussen expects the scheme to meet its target – self-imposed, but in line with the protocol set by the Net Zero Asset Owner Alliance (NZAOA) – to reduce greenhouse gas (GHG) emissions from its listed equities and corporate bonds by 45% by the end of 2024, from a 2018 base. Lee suggests not. “In

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ESG Explainer: Electrifying Africa

Chris Hall

Around 20% of the electricity generated in Africa was from renewable sources in 2018. . IRENA says that Africa’s current and historically limited contributions to global climate change means that “the cost of decommissioning these fully functional stranded assets should not fall on African governments or consumers”. .

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The Climate Blockers: BASF quietly lobbies against strong climate policy while talking a big game

Corporate Knights

But in the blistering summer of 2018, there was nothing celebratory about the Rhine. The shrivelled Rhine of 2018 became a harbinger of the devastating impact that climate change will have on the backbone of the German economy. German industry, which uses the Rhine as a transportation lifeline, also suffered. It obliged.

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COP26 Live Blog: All in for 1.5ºC

We Mean Business Coalition

It makes no long-term sense to continue pumping money into an asset that is already destined to eventually have no value — a stranded asset. Mastercard has brought forward its net-zero target to 2040 , from 2050, having already transitioned to 100% renewable energy in 2018 for its own operations.

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