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Over Half of CEOs Say Sustainability a Higher Priority Now than 12 Months Ago: EY Survey

ESG Today

Over a 3-year horizon, however, decarbonization was the most-often cited strategic priority, at 43%. For the study, EY’s CEO Outlook Pulse Survey, EY surveyed 1,200 CEOs from large companies across 21 countries and five industries, as well as 300 institutional investors in 21 countries.

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Canada is sleeping on the energy transition

Corporate Knights

The clean energy transition is happening faster than predicted, with renewable deployment rates growing in line with the International Energy Agency’s scenario for reaching net-zero by 2050. While Canadian energy majors have paid lip service to the idea of becoming “net-zero,” their current climate strategies amount to delay tactics.

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The Largest U.S. Pension Fund Just Rolled Out a Climate Transition Plan Focused on Risk and Opportunity

3BL Media

This step, which doubles down on the pension fund’s climate investing plans for the next seven years, underpins the comprehensive strategy that CalPERS laid out for achieving its goal of cutting emissions from its portfolio investments to net zero by 2050 while assuring long-term financial results for its pensioners.

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Canada to Phase Out Public Fossil Fuel Financing

ESG Today

Canada’s Environment and Climate Change Minister Steven Guilbeault said: “By eliminating inefficient fossil fuel subsidies, we are encouraging smart and efficient government investment decisions that can increase Canada’s competitiveness in a decarbonizing global economy, while avoiding creation of stranded assets.

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From Brown to Green

Chris Hall

Yet, despite this uncertainty, decarbonisation is a megatrend; driven by the need to reach net zero by 2050 if the world is to avoid catastrophic climate change. Meanwhile, the EU recently announced the Net Zero Industry Act to rival this plan, and “make Europe the home of cleantech and industrial innovation on the road to net zero”.

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The Climate Blockers: BASF quietly lobbies against strong climate policy while talking a big game

Corporate Knights

You’d expect a company so directly affected by climate change to be jumping on the decarbonization bandwagon. It has publicly endorsed the Paris Agreement on climate change as well as the EU’s target of being net-zero by 2050. On the face of it, it is.

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Business-as-usual no Longer an Option for Banks

Chris Hall

Analysis in the banks’ opposition statements would have investors believe these resolutions call for an immediate cessation of business relations with energy sector clients, and for a stymying of activities that would help high-emitting companies decarbonize. Proponents of the resolutions acknowledge the near-term need for fossil fuels.

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