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BP hits the brakes on transition away from fossil fuels

Corporate Knights

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. They are stewards of the global economy and should realize that the only formal power they have is the power of the vote.” But BP also invested $5.3

Net Zero 332
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Canada to Phase Out Public Fossil Fuel Financing

ESG Today

According to a government statement announcing the launch of the new framework, the initiative forms part of Canada’s commitment under the Glasgow Statement, a 34-nation agreement signed at the 2021 COP 26 summit , to shift public finance away from fossil fuels and in support of the energy transition.

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ESG Explainer: The Blue Economy

Chris Hall

With the global economy heavily reliant on ocean health, a sustainable future is paramount. To date, the ocean and its ecosystems have provided significant benefits to the global community, including climate regulation, coastal protection, food, employment, recreation and cultural well-being. What is the scale of the problem?

UNEP 98
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No Quick Fix to Europe’s Gas Dependency

Chris Hall

The EU only built 11GW of new wind farms in 2021, with plans to expand this by 18GW a year over the course of 2022-26, according to a report by WindEurope, a Brussels-based association. Increasing gas infrastructure must be avoided to avert dangerous climate impacts and stranded assets.”.

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The COVID-19 Pandemic Throws Oil and Coal Industries in a Tailspin

Edouard Stenger

Hopefully, 2021 will bring more exciting stories and analysis…). The ongoing COVID-19 pandemic has brought our global economy to a standstill, with fears of the worst recession since 1929. Additionally, divestment campaigns and the fear of stranded assets have become each new year more pressing.

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Is the IMO Turning the Tide on Transition?

Chris Hall

Some companies will start acting and some won’t; there’s more risk of stranded assets.” What role should investors play? of global international shipping demand, the IEA said. To align with the agency’s 2050 Net Zero Scenario, low-emission fuels will need to represent around 15% of total energy demand by 2030.

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COP26 Live Blog: All in for 1.5ºC

We Mean Business Coalition

See the open letter to President Biden that supports this direction of travel, signed by more than 400 companies in April 2021. . This included l uxury fashion brand Burberry , which announced its biodiversity strategy to support global conservation efforts. to halve emissions by 2030 — and how U.S. And funding of US $1.7

COP26 88