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BP hits the brakes on transition away from fossil fuels

Corporate Knights

When Bernard Looney became CEO of BP in 2020, he promised to reinvent the British oil major as a “leaner, faster-moving and lower-carbon company.” The company was one of the first oil majors to commit to being net-zero in 2050 and was showing signs it was open to speeding up its transition to a low-carbon future.

Net Zero 338
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How to Re-establish the UK’s Lead on Climate Change

Chris Hall

Former chair of the Committee on Climate Change Lord Deben believes the country can get back on track to net zero and regain its status as a global leader. In 2020, her successor Boris Johnson launched a 10-point plan for a Green Industrial Revolution. Lord Deben was a principal witness for the prosecution. It’ll be a mess.”

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Larry Fink says accelerate. He needs to say it much louder

GreenBiz

BlackRock’s sustainability activity leads its investment megafirm cohort of Vanguard, Fidelity and State Street Global Advisors, which together manage 20 percent of global publicly listed securities , an aggregate $20 trillion assets under management at the end of last year. Fink’s signal is not loud enough, especially for those in the back.

Net Zero 406
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Canadian pension funds are starting to embrace the green transition

Corporate Knights

Our new report, produced in collaboration with the Ottawa-based Smart Prosperity Institute and funded by the Trottier Family Foundation, finds that pension managers’ support for the green transition is growing but still nowhere near the pace required to meet global net-zero-carbon targets. trillion at the end of 2020.

Net Zero 306
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The crypto industry was supposed to decarbonize by 2025 - how’s that going?

Corporate Knights

Agencies and organisations like the International Energy Agency and the United Nations have raised concerns about the effects of crypto mining – particularly Bitcoin, the best-known crypto asset. The second aim states that signatories should achieve net-zero emissions from electricity consumption by 2030.

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'Natural gas' can no longer be the default option for heating new buildings: Report

Corporate Knights

Canadian provinces must rein in their expanding gas systems or risk incurring staggering costs from stranded assets and failure to meet net-zero targets, the Canadian Climate Institute (CCI) warns in a new report. between 2005 and 2022.

Net Zero 162
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Carbon Metrics Key to Investors’ Net Zero Path

Chris Hall

This is according to a study by global asset manager Invesco and Sweden’s fourth national pension fund, AP4, who recently partnered up to explore the road to net zero for institutional investors. It now aims to further halve its emissions by 2030 compared to 2020 levels – with the long-term goal of achieving net zero by 2040. “We