Remove oil-and-gas-ceos-their-methane-pledge
article thumbnail

At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

Environment and Climate Minister Steven Guilbeault has unveiled detailed plans to phase out “inefficient” oil and gas subsidies, based on guidelines released yesterday morning that take effect immediately and are meant to fulfill a 14-year-old pledge by G20 countries.

article thumbnail

‘First nail in the coffin’ for fossil fuels at COP28

Corporate Knights

A call to transition energy systems away from fossil fuels—the first time oil and gas had been included in a COP agreement—won over those demanding strong action; but oil producers and developing countries were reassured by assertions that countries are free to follow their own paths to net zero,” Bloomberg News reports.

Net Zero 306
Insiders

Sign Up for our Newsletter

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

article thumbnail

How Wall Street can win on climate In 2021

GreenBiz

This year, financial institutions must make a significant leap forward on climate — from pledges to progress. For example, in the oil and gas sector, investors can assess progress and pace toward net-zero by monitoring companies’ methane emissions, flaring intensity, capital expenditures, lobbying and governance.

Net Zero 522
article thumbnail

How to Build a Sustainable Future

Chris Hall

Sustainable investment experts predicted an even greater emphasis by investors on public policy, at a recent roundtable held by S&P Global Sustainable1 and ESG Investor. Positive trajectory. First, our roundtable participants surveyed the existing regulatory landscape for sustainable investing.

article thumbnail

The UK must choose: the past, or our future

We Mean Business Coalition

This article was first published in The New Statesman. Some 50 oil and gas companies also pledged to reach near zero-methane emissions by 2030, and submit a plan to meet those targets by 2025. Finance immediately started to flow in. The UAE’s desire to crank up ambition and create momentum is palpable.

article thumbnail

From 'climate quitting' to 'global boiling,' 10 terms that defined 2023

Corporate Knights

To say that 2023 is one for the record books is a vast understatement — the year was so out of the norm that you’re forced to go back at least 125,000 years for a point of reference. The last time anyone experienced a year as warm as this one, mastodons and giant sloths roamed across North America during the beginning of the late Pleistocene.

article thumbnail

COP26 Live Blog: All in for 1.5ºC

We Mean Business Coalition

The Pact and recent pledges keep 1.5°C BUT to get 1.5ºC out of intensive care we must fast track implementation of all pledges and national plans. . ” – Maria Mendiluce, CEO, We Mean Business Coalition. The Glasgow Climate Pact represents a vital step in our shared efforts to keep global warming to 1.5

COP26 88