Corporate Knights

FEBRUARY 14, 2023

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.” Last week, BP said it will cut its Scope 3 emissions by only 20% to 30% by the end of the decade – a significant reversal from its original 35% to 40% target announced in 2020.

Net Zero 338

Net Zero Stranded Assets Global Economy Paris Agreement 338

Chris Hall

NOVEMBER 1, 2024

In 2020, her successor Boris Johnson launched a 10-point plan for a Green Industrial Revolution. Back then, I wouldn’t have believed that we would come so far in international collaboration on climate change, such as the Paris Agreement,” he said. It’ll be a mess.”

Climate Change 81

Climate Change Net Zero Stranded Assets Paris Agreement 81

Corporate Knights

OCTOBER 11, 2022

Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the Paris Agreement. But not all GHG reductions are equal. dollars) through 2030. Top Company Profile. Making the cut. BY Naomi Buck. Read article.

Divestment 358

Divestment CDP Stranded Assets Paris Agreement 358

Corporate Knights

JULY 25, 2023

In 2020, a blistering analysis showed Canada leading the G20 countries in per capita public financing to oil and gas. That work was meant to conclude by 2020. billion in 2020/21 and another $1.5 Those guidelines are due to be released in 2024. billion for the first nine months of 2021/22.

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Paris Agreement Bend the Curve Carbon Offsets Stranded Assets 246

Chris Hall

NOVEMBER 3, 2023

Almost seven years since the Paris Agreement was signed at COP21, any number of initiatives have been launched with the aim of reducing greenhouse gas (GHG) emissions and limiting global warming to 1.5°C. C – putting the world on track to exceed 2°C by 2050 without significant action by policymakers and corporates.

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Paris Agreement Climate Change Stranded Assets Global Economy 94

ESG Today

MARCH 14, 2024

In 2020, Shell announced a commitment to achieve net zero in its operations by 2050, and in 2021, the company launched its “Powering Progress” strategy , detailing how it will achieve its target to be a net-zero energy business by 2050 across Scope 1, 2 and 3 emissions, with initiatives including investing in renewable and clean energy solutions.

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Net Zero Stranded Assets Paris Agreement Climate Change 104

Chris Hall

OCTOBER 22, 2024

Choosing the right method to measure portfolio emissions is crucial to investors’ alignment with the Paris Agreement, and should reflect their strategy. Reasons are manifold but include better risk management, earlier identification of stranded assets, and the realisation that Paris Agreement goals are in jeopardy.

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Net Zero Paris Agreement Divestment Stranded Assets 52