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Fossil fuels: does divestment work?

Financial Times: Moral Money

Plus, a vision of a better carbon offset market, and China’s new ESG disclosure rules

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‘NOCs’ Knock Investors off Net Zero Track

Chris Hall

Of those assessed, only Eni has targets that are “potentially” Paris-aligned, the Carbon Tracker report said, but it questioned the credibility of the company’s plans, due to its “reliance on asset sales”, CCS and carbon offsets.

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Carbon Tracker: Oil Majors Lacking “Credible” Transition Strategies

Chris Hall

New report released amid climate votes at AGMs, finds overreliance on unproven technology and divestment risk. Oil and gas firms’ energy transition plans are gambling on the unproven capabilities of technologies like carbon capture and hydrogen power, according to a report by climate and financial markets think tank Carbon Tracker.

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NBIM: Future Returns a Function of Net Zero Transition

Chris Hall

NBIM will be examining the “robustness” of companies’ transition plans by analysing their governance structures, capital allocation frameworks, carbon price assumptions, and use of quality carbon offsets. . “We

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All Systems go for Net Zero

Chris Hall

This means the companies are on a pathway to net zero, according to a third-party assessment, but that’s not necessarily the same as targeting net zero by 2050 and may not be consistent with the remaining carbon budget. It may, for example, include predictions on new forms of technology or substantial use of carbon offsets.”