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TotalEnergies Acquires Carbon Capture Business from Talos Energy for $148 Million

ESG Today

Among the assets acquired in the transaction is Talos’ stake in Bayou Bend CCS, a carbon transportation and storage solution for industrial emitters located in the Houston Ship Channel and Beaumont – Port Arthur region, located close to TotalEnergies’ assets in the region, and with capacity to store several hundred million tons of CO2.

Net Zero 103
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2020: Fossil fuels are dead, long live the sun

GreenBiz

Tankers at anchor in the Houston Ship Channel started bumping into each other, but the oil kept flowing. . This helps explain why more than $11 trillion have been divested from fossil ownership, even before the University of California announced that it was divesting its $80 billion portfolio. What happened?

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LGIM Sets Climate, Biodiversity & Lobbying Expectations for “Dial Mover” Companies

ESG Today

Michael Marks, Head of Investment Stewardship at LGIM, said: “From tackling climate lobbying to incorporating biodiversity risk, our expectations of companies are increasing – insufficient progress represents a systemic challenge which we will continue to challenge through the tools at our disposal, including divestment and voting sanctions.”

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A tidal wave of new carbon emissions data soon will be upon us

GreenBiz

Unlike other approaches to monitoring emissions, it plans to attribute emissions to specific sources, whether these be individual factories, ships, power plants or a range of other facilities and all its data will be placed in the public domain. Sustainable investments should grow as divestment from carbon-intensive industries intensifies.

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Creating a More Sustainable World With SAP's Focus on Green Customer Experiences

3BL Media

Indeed, nearly half (49%) of investors globally would divest from companies that are not taking sufficient action on environmental, social, and governance (ESG) issues. Market and investor pressure, business impact, and customer pressure are shaping the demand for sustainable business practices. Reduce Waste.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

times higher than the UK's own greenhouse gas emissions (excluding aviation and shipping). They can also divest from high-emitting industries such as thermal coal production. For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8 trillion USD in fossil fuels.

Net Zero 147
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Take Five: The Heat is on

Chris Hall

Described by Secretary-General Kitack Lim as a “monumental development” which “opens a new chapter towards maritime decarbonisation ”, the strategy only targets “striving for 10%” uptake of near-zero GHG emission fuels and energy sources by international shipping by 2030.