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Banks flout net-zero targets to cash in on the next LNG boom

Corporate Knights

Liquefied natural gas developers have expansion plans that could release 10 additional metric gigatons of climate pollution by 2030, and major banks and investors are enabling them to the tune of nearly $500 billion. In 2023 alone, 1,453 transactions were made between banks and LNG developers. above preindustrial levels.

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Vancity Restores Profitability and Stays True to Its Co-Operative Values

3BL Media

The Climate Report outlines its strategic alignment with the Paris Agreement and UN Sustainable Development Goals, integrating climate action into its core strategy, risk management, and governance. The report highlights progress on emissions reductions. Media Contact: Media Relations Phone: 778-837-0394 Read More

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New framework for CO2 offsets could create "cowboy carbon markets," critics warn

Corporate Knights

For the first time carbon credits will be recognized under the Paris Agreement, enabling countries and companies to use offsets to meet their carbon reduction targets, potentially giving a huge boost to carbon credit trading. At least one major international bank, HSBC, is voting with its feet.

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STOXX, ICE Launch New Suite of Paris Agreement-Aligned Fixed Income Climate Indices

ESG Today

Market index provider STOXX and financial technology and data services provider and exchange operator Intercontinental Exchange (ICE) announced today the launch of the STOXX ICE Fixed Income Sustainability indices, a new series of indices aimed at enabling investors to align their investments with the Paris Agreement climate goals.

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An authoratarian petrostate takes centre stage as COP29 host

Corporate Knights

Moreover, the UN’s visionary commitment to develop a more just, tolerant society as part of its Paris Agreement goals also looks shaky when it works with an authoritarian family dictatorship. Freedom House, a Washington, D.C.–based s score of 18/100).

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COP29 Ends with Target to Triple Climate Finance to $300 Billion per Year

ESG Today

Following two weeks of intensive negotiations, the COP29 climate conference in Baku, Azerbaijan ended with an agreement to triple climate change-related finance flows to developing nations to $300 billion annually over the next decade, and with significant progress towards the development of international carbon markets.

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How a more inclusive marketplace can promote low-carbon growth

GreenBiz

Developing sector-based benchmarks for issuing carbon credits would open markets to emerging companies and mark significant progress toward Paris Agreement goals.