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Who really owns the oil industry’s future stranded assets? If you own investment funds or expect a pension, it might be you

Environmental News Bits

Even if the new well is a success, future government policies designed to slow climate change could make the project unprofitable or force it to shut down years … Continue reading Who really owns the oil industry’s future stranded assets? If you own investment funds or expect a pension, it might be you.

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A trillion reasons to transition off fossil fuels

Corporate Knights

Private investors in rich countries stand to lose more than a trillion dollars on stranded fossil fuel assets as climate policies slash their value, giving them a powerful interest in the transition off carbon, according to new research published in the journal Nature Climate Change. Of the US$1.4

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Christine Lagarde: Climate change and central banks – analysing, advising and acting

Environmental News Bits

Both climate change and the transition to a carbon neutral economy pose substantial challenges for the economy and the financial system, with the potential to affect growth and inflation in the short term, but also over much longer horizons. Read the full speech at BIS.

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Stranded in a Vicious Cycle? The Case for Transformation in Animal Agriculture

Environmental News Bits

Research commissioned by the Changing Markets Foundation surveying 201 respondents from the investment community shows that 82% agreed that climate change presents a material risk to meat and dairy industry-related investments and 84% believe that a lack of mitigation of climate change could lead to stranded assets in this industry.

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Final warning for action on climate change issued

Sustainability Matters

The Intergovernmental Panel on Climate Change ( IPCC ) has issued its final warning for the 2020s to act swiftly on climate change. Otherwise, they will be faced with having to help stranded assets as the market for fossil fuels dies over the next 10 years.” For more details, visit: [link].

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Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

The day-long session focused on aligning financial policy with Canada ’ s climate goals, including federal commitments under the Paris Agreement to reduce GHG emissions by up to 45% below 2005 levels by 2030 and achieving net-zero emissions by 2050. . Treasury Department. .

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AB: China's State-Owned Enterprises Hold Keys to Carbon Neutral

3BL Media

Understanding how SOEs fit into China’s green reform agenda can help investors identify companies that are driving change—and stand to benefit from efforts to combat climate change. Global efforts to combat climate change won’t be successful without China. The Investment Case. Engagement Goals.