article thumbnail

Influential oil company scenarios for combating climate change don’t actually meet the Paris Agreement goals, our new analysis shows

Environmental News Bits

In recent years, they have added visions for how climate change might be addressed, including scenarios that they claim are consistent with the international … Continue reading Influential oil company scenarios for combating climate change don’t actually meet the Paris Agreement goals, our new analysis shows.

article thumbnail

Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

A coalition of environmental groups is calling on the federal government to regulate climate commitments made by banks and other financial institutions to avoid greenwashing and accelerate change. . The post Advocates urge regulation of banks’ climate commitments to avoid greenwashing appeared first on Corporate Knights.

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

Canada’s LNG industry says it will reduce Asian emissions. Prove it.

Corporate Knights

The climate-change argument is central to the LNG debate in Canada. It is impossible to justify expanding LNG trade if the resulting production and consumption of natural gas would be inconsistent with efforts to mitigate the growing climate crisis. Essentially, Article 6 has become a green fig leaf to greenwash LNG exports.

article thumbnail

If done well, financial regulations play a crucial role in cutting carbon emissions

Corporate Knights

As the Intergovernmental Panel on Climate Change (IPCC) highlighted last week, we are in the midst of a climate emergency. This cannot continue if we are realistically going to achieve the goals of the Paris Agreement and keep global warming below 1.5 ° C. All regulators must be de facto climate regulators.

article thumbnail

Hong Kong Launches Taxonomy to Classify Green Activities and Investments

ESG Today

According to the HKMA, the feedback received indicated that stakeholders welcomed the classification system, which could help deliver a clearer definition of green products, enhance interoperability, and reduce the risk of greenwashing. Click here to access the Hong Kong Taxonomy.

article thumbnail

New UN panel looks to hold companies, governments accountable for net-zero pledges

Corporate Knights

They will also require massive amounts of capital from financial markets that still don’t adequately value the risks and opportunities associated with climate change. Broadly speaking, net-zero pledges amount to mere aspiration or greenwashing if they are not backed by science-based strategies.

Net Zero 342
article thumbnail

All That Glitters Is Not Green

Chris Hall

Regulation will never be sufficient to protect investors from greenwashing, says Alexandra Mihailescu Cichon, EVP at RepRisk. While this is to be encouraged as a step toward the transition to a more sustainable future, focused around lower-carbon economies, this same pressure has also led to an uptick in greenwashing.