Remove 2025 Remove Decarbonize Remove Divestment Remove Paris Agreement
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The biggest carbon losers

Corporate Knights

This year, Corporate Knights set out to identify global companies that have decarbonized faster than their peers while simultaneously increasing revenue. But 40% of the reductions came from divesting, or selling off, dirty assets, which from the atmosphere’s perspective is akin to rearranging deck chairs on the Titanic. Other (9%).

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The time for engaging with fossil fuel companies is over

Corporate Knights

The Church of England has announced it will divest from Shell, finally acknowledging the failure of more than a decade of investor efforts to convince the oil and gas sector to align with global climate goals. The respected investor is now divesting from all fossil fuels by the end of 2023 and will no longer try to engage with oil and gas.

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The Future of Climate Investing

3BL Media

Free acknowledged that while these efforts are important and worthwhile, there needs to be more focus on decarbonization. Fortunately, in the past year, investors have started focusing more on decarbonization and offsets, according to Free. They need to showcase they are having a positive impact on the climate as well,” said Free.

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The 10 Big Things To Watch Across World’s Energy Markets in 2023

3BL Media

But developers who plan to start operating in 2025, including three hydrogen-based steelmaking projects, will need to reach a final investment decision in 2023 to start on time. Most of this new capacity will be directed toward decarbonizing industrial emitters such as cement and petrochemicals, and the power sector. million euros.

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From China’s stand to Walmart’s wish list: A Climate Week news cheat sheet

GreenBiz

The intention is to align its portfolio with the goals of the Paris Agreement. Newsom also was named to a two-year term as co-chair of the Under2 Coalition, a network of states and regions looking to integrate the Paris Agreement goals with a mind to social justice. . On the other side of the U.S., New York Gov.