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Is the LNG industry gaslighting the path to net-zero?

Corporate Knights

Ottawa is currently developing a transition taxonomy – essentially a guideline as to which types of investments are appropriate in the transition to a net-zero economy. However, natural gas still produces CO2 emissions and expanding supply and demand is inconsistent with net-zero plans. TC Energy’s $14.5-billion

Net Zero 360
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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). South Pole can help you navigate the existing framework as well as the new net zero guidance (FINZ) which will replace it in Q4 2023. 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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Canadian LNG deal with Germany seems unlikely, as emphasis grows on hydrogen

Corporate Knights

For months, Canadian fossils have been touting the possibility of shipping LNG to Germany to help the country cope with an energy supply crisis brought on by Russia’s war in Ukraine. A week later, then-finance minister Scholz announced a 65% emissions reduction target for 2030 and a 2045 deadline to bring emissions to net-zero.

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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. It has publicly endorsed the Paris Agreement on climate change as well as the EU’s target of being net-zero by 2050.

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Cost parity for sustainable shipping fuels achievable by 2035

Envirotec Magazine

Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy such as carbon taxes and emissions limits, according to a report launched by technology firm Wärtsilä on 21 March. iii Transporting 80% of world trade, shipping is the engine room of the global economy.

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Is the IMO Turning the Tide on Transition?

Chris Hall

With global trade highly dependent on shipping, achieving net zero may put wind in the sails of other industries’ climate ambitions. International shipping accounted for 2% of global energy-related CO2 emissions last year, according to the International Energy Agency (IEA). What progress has the IMO made?

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

Those numbers left any Indigenous investor with the prospect of losing money on the deal and facing “the likely prospect of being saddled with a stranded asset,” independent economist Robyn Allan, a former president and CEO of the Insurance Corporation of British Columbia, told The Energy Mix at the time.