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Ontario and Alberta are building natural gas plants despite lower costs of renewables

Corporate Knights

There is also the risk that fossil fuel infrastructure is retired before the end of its economic lifetime and becomes a stranded asset—a liability taxpayers would likely pay for.” “Building new natural gas-fired power plants means locking in emissions—and costs—for many years to come.

Net Zero 317
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Their land, their call: When economic reconciliation and climate justice conflict

Corporate Knights

Gas demand is set to peak in 2030 in all scenarios, the IEA has said, raising the thorny question of when new investments in oil and gas will become stranded assets. The federal government purchased the pipeline from Kinder Morgan in 2018 at a cost of $4.4 But carbon capture remains unproven and expensive – a $2.4-billion

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

Corporate Knights

The announcement also connects to an international initiative under which Canada and Argentina launched a peer review of each other’s fossil fuel subsidies in 2018. increase in 2021, the Canadian Climate Institute reported in February). That work was meant to conclude by 2020. Carbon Capture Backed by Carbon Offsets?

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AB: ESG in Action - The Human Touch in Interpreting Climate Scenario Analysis

3BL Media

The evolving climate drives physical risks—damaged or stranded assets and business-interruption costs from severe weather events. Climate Value at Risk (CVaR)* is the economic value of physical and transition risks plus technological opportunities—one way of measuring the financial impact of climate change.

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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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Glencore Abandons Coal Demerger at Investors’ Request

Chris Hall

Rio Tinto , meanwhile, sold its last coal mines – both thermal and metallurgical – in 2018, and now produces no fossil fuels. This leaves it heavily exposed to reputational, regulatory and stranded-asset risk, leading many investors to avoid it. BHP sold its oil and gas business to Woodside in 2022 in an all-share deal.

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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. “The sustainable blue economy is a vision for each ocean-linked sector, providing a high-level framework of financial principles accompanied by practical guidance ,” he says.

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