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

Corporate Knights

In a release Monday, Oil Change International placed the total at $50 billion since 2019. The document also holds out the possibility of subsidies for carbon trading deals under Article 6 of the Paris agreement, and for Indigenous participation in fossil fuel projects. Carbon Capture Backed by Carbon Offsets?

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SDSN at the Latin America and Caribbean Climate Week

Sustainable Development Network

A common message from Professor Jeffrey Sachs, Director of SDSN, is the critical need to articulate a clear long-term vision and not an incremental approach in order to avoid stranded assets and technology lock-in which will inhibit the energy transformation necessary to achieve the Paris Agreement goals.

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IPCC issues final warning about ‘rapidly closing window of opportunity’

Corporate Knights

Delaying those actions “would lock in high-emissions infrastructure, raise risks of stranded assets and cost escalation, reduce feasibility, and increase losses and damages.” C threshold, assume immediate action and deep climate emission reductions of 43% from 2019 levels by 2030, 60% by 2035, 69% by 2040, and 84% by 2050.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8 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

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Litigation Surge Reflects Evolving Climate Duties

Chris Hall

The primer added: “Challenges to the actions – and inactions – of companies and their directors are starting to emerge,” citing the judgment in the Netherlands on May 26 2021, ordering Royal Dutch Shell reduce its CO2 emissions by 45% from 2019 levels by the end of 2030.”.

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The “Ripple Effect” of Universal Ownership

Chris Hall

We have a clear dialogue with a company before they are blacklisted but will continue to engage because we want to be able to invest in them again.” Stranded assets AP7 is a member of the Paris Aligned Asset Owners Initiative, a global group of 56 asset owners with over US$3.3