article thumbnail

Climate Action 100+ Net Zero Company Benchmark Shows Continued Progress on Ambition Contrasted by a Lack of Detailed Plans of Action

3BL Media

The results show that most focus companies are not moving fast enough to align with the goals of the Paris Agreement and reduce investors’ risk. CTI’s assessments show that the CapEx plans of oil and gas companies across the board are not aligned with the Paris Agreement goals. C) pathway.

Net Zero 147
article thumbnail

BP hits the brakes on transition away from fossil fuels

Corporate Knights

Follow This plans to introduce a resolution at BP’s annual general meeting in May calling for the company to align its 2030 targets with the Paris Agreement. This was an increase from the 19% of BP's investments that were classified as sustainable in 2021, according to Corporate Knights sustainable economy intelligence.

Net Zero 332
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lessons of giants will bring us to a greener future

Corporate Knights

In the last week of 2021, we lost three giants of humankind. The great pioneers of biodiversity, Thomas Lovejoy and E.O. Antman” Wilson, and the heroic healer Archbishop Desmond Tutu, whose devotion to universal dignity and sheer willpower helped steer South Africa’s anti-apartheid movement to democracy, died in late December.

Net Zero 257
article thumbnail

COP27: A Breakthrough for People and Planet

3BL Media

Serving as a negotiator to the series of Climate Change COP events since COP21 (2015) where the Paris Agreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into this year’s landmark developments and future prospects. This is unequivocal and unsustainable (IPCC 2021).

article thumbnail

Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the Paris Agreement in the first place. As the U.K. has a role to play in pushing for the highest possible ambition at this week's talks.

Shipping 467
article thumbnail

World’s first dedicated clean hydrogen investment fund launches

Envirotec Magazine

The group behind the FiveT Hydrogen Fund suggest it will play a major role in the decarbonisation of the global economy. This fund is said to be the first stage of FiveT Hydrogen’s broader ambition to establish an investment platform focused on accelerating the hydrogen economy.

article thumbnail

Buyers’ Guide Bids to Build Trust in VCMs

Chris Hall

Sheldrake says that companies need to take responsibility for how carbon credits factor into their transition plans to ensure that their use accelerates climate actions and does not delay or displace emissions reductions via the decarbonisation of the global economy. The talks have been deferred to this year’s COP28.