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BP hits the brakes on transition away from fossil fuels

Corporate Knights

Follow This plans to introduce a resolution at BP’s annual general meeting in May calling for the company to align its 2030 targets with the Paris Agreement. They are stewards of the global economy and should realize that the only formal power they have is the power of the vote.”

Net Zero 332
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Beware the Green Swan

Chris Hall

Almost seven years since the Paris Agreement was signed at COP21, any number of initiatives have been launched with the aim of reducing greenhouse gas (GHG) emissions and limiting global warming to 1.5°C. As these perilous climate projections unfold, one might expect an inevitable upheaval in the global economy.

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“Huge Disconnect” Between Financiers and Scientists on Climate Risk  

Chris Hall

Minsky Moment Carbon Tracker warned that as a result a wealth-damaging correction or “Minsky Moment” – whereby a sudden decline in market sentiment leads to a market crash – was virtually inevitable.

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The “Ripple Effect” of Universal Ownership

Chris Hall

Charlotta Dawidowski Sydstrand , Head of ESG at AP7, explains how universal owner s can exert collaborative pressure to drive sustainable outcomes in the global economy. This, says Sydstrand, creates a “ripple effect” in the global economy.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8

Net Zero 147
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ESG Explainer: The Blue Economy

Chris Hall

With the global economy heavily reliant on ocean health, a sustainable future is paramount. To date, the ocean and its ecosystems have provided significant benefits to the global community, including climate regulation, coastal protection, food, employment, recreation and cultural well-being.

UNEP 98
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Is the IMO Turning the Tide on Transition?

Chris Hall

Some companies will start acting and some won’t; there’s more risk of stranded assets.” What role should investors play? Encouragingly, governments are also demonstrating a willingness to work together.