Remove Decarbonize Remove Paris Agreement Remove Shipping Remove Stranded Assets
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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

The document also holds out the possibility of subsidies for carbon trading deals under Article 6 of the Paris agreement, and for Indigenous participation in fossil fuel projects. After that massive an investment, “no way the pipeline is going to recover costs,” Morningstar analyst Stephen Ellis told Bloomberg News in March.

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

Corporate Knights

Historically, some 40% of the raw materials entering the site do so by freight ships. In the summer of 2018, these were scraping bottom; cargo traffic was reduced to a trickle, and ships could be only partially laden. You’d expect a company so directly affected by climate change to be jumping on the decarbonization bandwagon.

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IPCC issues final warning about ‘rapidly closing window of opportunity’

Corporate Knights

Delaying those actions “would lock in high-emissions infrastructure, raise risks of stranded assets and cost escalation, reduce feasibility, and increase losses and damages.” But there’s still time to take action if countries pick the right decarbonization options and scale up fast. The dangers of overshooting 1.5°C

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COP26 Live Blog: All in for 1.5ºC

We Mean Business Coalition

C and implement the Paris Agreement and will be welcomed by the business community. C temperature goal of the Paris Agreement alive, and to ensure a just transition. . trillion in real estate assets under management now committed to halving emissions by 2030, along with 20% of architects and engineers. .

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