Chris Hall
APRIL 14, 2023
Jessye Waxman, Senior Campaign Representative, Fossil-Free Finance Campaign, Sierra Club, says climate-related shareholder resolutions give banks necessary guardrails for transition financing. These claims are a misrepresentation of resolutions that simply aim to reduce banks’ exposure to climate-related risks.
3BL Media
SEPTEMBER 23, 2022
To gain insight into China’s decarbonization efforts, AllianceBernstein (AB) has partnered with the Columbia Climate School at Columbia University in a workshop program entitled The Making of a Green Giant: Decarbonization with Chinese Characteristics. Case Study: Stranded Assets and the Economics of a Chinese Power Plant.
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Corporate Knights
DECEMBER 9, 2022
At the same time, the five largest Canadian banks have provided $700 billion to the fossil fuel sector since 2015 and doubled their year-over-year financing in 2021. The government can also use other forms of economic planning to accelerate a rapid transition, combining green central banking tools with a coordinated green industrial strategy.
Sustainable Development Network
AUGUST 30, 2019
The dialogue explored the vision and challenges for countries to achieve decarbonization by 2050. In the LAC region, Costa Rica and Chile are committed to this goal, along with other countries such as Colombia, currently exploring different pathways towards deep decarbonization.
Corporate Knights
JULY 25, 2023
With the World Bank, the World Trade Organization, and environmental groups all in agreement, he added, “getting rid of inefficient fossil fuel subsidies is now a common sense bottom line.” “The simple reality is that it’s no longer free to pollute in Canada,” Guilbeault told media Monday morning. “We Carbon Capture Backed by Carbon Offsets?
Corporate Knights
JANUARY 25, 2023
You’d expect a company so directly affected by climate change to be jumping on the decarbonization bandwagon. But companies won’t meet the challenge by dodging it, or lobbying themselves into a corner, surrounded by their own stranded assets. On the face of it, it is. Investor pushback Investors are paying attention.
Richard Matthews
FEBRUARY 21, 2022
Fossil fuels are at high risk of becoming stranded assets and PEs have a significant stake in the energy sector. In the first half of 2021, 80 percent of energy money went towards renewables or 25 times fossil fuel asset funding. Banks are now providing more funding to clean sources of energy than to fossil fuels.
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