article thumbnail

Ontario and Alberta are building natural gas plants despite lower costs of renewables

Corporate Knights

There is also the risk that fossil fuel infrastructure is retired before the end of its economic lifetime and becomes a stranded asset—a liability taxpayers would likely pay for.” Provincial legislation calls for a 30% renewable grid by 2030, and renewables have grown from 9% to 22% of grid capacity in five years.

Net Zero 303
article thumbnail

Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

In a report released the same day, the three advocacy groups recommend that Ottawa ’ s banking regulator require financial institutions to adopt a “ credible climate plan ” that would include interim targets for 2025 and 2030. .

Banking 361
Insiders

Sign Up for our Newsletter

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

article thumbnail

Canadian pension funds are starting to embrace the green transition

Corporate Knights

A group of finance experts tasked with developing a definitive taxonomy of sustainability for Canadian investors has just filed a preliminary roadmap, but they likely won’t publish a detailed taxonomy until 2025. These professionals control a vast amount of capital.

Net Zero 291
article thumbnail

Shell Sets 2030 Goal to Reduce Emissions from Customers’ Use of Gasoline and Diesel

ESG Today

Commenting on the updated targets, Follow This founder Mark van Baal accused the company of “backtracking” on its climate ambitions, putting the company’s future at risk “through policy interventions, disruptive innovation, stranded assets, and accountability for the costs of climate change.”

article thumbnail

The biggest carbon losers

Corporate Knights

While some investments are neutral (deemed neither “clean” nor “dirty”), in many cases these companies are still investing most of their capital into assets that will either lock in further GHG emissions or become stranded assets as the energy transition takes shape. dollars) through 2030. Whereas just 2.7%

article thumbnail

Is the LNG industry gaslighting the path to net-zero?

Corporate Knights

By the 2030s, the costly new LNG export terminals will either become stranded assets or lock in emission growth that takes us in the wrong direction on climate change. Construction at Woodfibre and the LNG Canada site is well underway; LNG Canada expects the first LNG shipments in 2025. TC Energy’s $14.5-billion

Net Zero 360
article thumbnail

Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Those organisations that have not considered reducing these emission sources could be misunderstanding the double materiality risks they carry: the risks to their business, like stranded assets or reputational risks, and their contribution to making the Earth uninhabitable.

Net Zero 147