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Memo to CPPIB: There’s no such thing as ‘no-carbon oil’

Corporate Knights

Five of the global supermajors are spending around US$750 million annually on greenwashing while allocating just 12% of capital expenditures to “low-carbon” activities, according to think tank InfluenceMap. There’s no taking the carbon out of the barrel.

Net Zero 363
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List of Clean 200 companies captures the green transition in full flight

Corporate Knights

along with ongoing corporate greenwashing and fossil-fuel disinformation, it’s sometimes hard to tell if society is moving forward or slipping back. In 2016, we created the Clean200 in response to investors saying, ‘If we divest fossil fuels, there is nothing to invest in.’” You follow the money, of course. through those years.

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From China’s stand to Walmart’s wish list: A Climate Week news cheat sheet

GreenBiz

And the mayors of 12 cities — representing 36 million residents — announced their plans to divest from fossil fuels. This gesture commits them to reaching a net-zero carbon footprint by 2040, one decade before the deadline for the Paris Agreement. . Were there other announcements this week?

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Advancing Climate Justice Priorities Over Profit-Led Research

Stanford Social Innovation

For sustainable tech to be possible, funders, including investors, philanthropists, and foundations, must develop a two-pronged approach of intentional investments in those leading justice-centered approaches to technological and economic transitions and informed divestments from extractive and fossil-fuel-dependent systems and enterprises.