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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.

Net Zero 359
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All Systems go for Net Zero

Chris Hall

C, and investee companies are not yet facing full scrutiny of their net zero transition strategies, posing challenges for institutional investors committed to decarbonising their portfolios in line with the Paris Agreement. Others might set a target for some or all portfolio companies to be net zero aligned by 2030.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Those organisations that have not considered reducing these emission sources could be misunderstanding the double materiality risks they carry: the risks to their business, like stranded assets or reputational risks, and their contribution to making the Earth uninhabitable. However, greater action is required to fully realise this.

Net Zero 147
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BP hits the brakes on transition away from fossil fuels

Corporate Knights

The company was one of the first oil majors to commit to being net-zero in 2050 and was showing signs it was open to speeding up its transition to a low-carbon future. The company is still committed to being net-zero by 2050, but observers say it’s a lot harder to see a pathway to reach such a goal without a stronger target for 2030.

Net Zero 322
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Adapt to Survive: Why Oil Companies Must Plan for Net Zero and Avoid Stranded Assets

Environmental News Bits

Download the document.

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Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

Canada ’ s big banks, pension funds and insurance companies are members of the Glasgow Financial Alliance for Net Zero (GFANZ), under which they have committed to bring their investment and lending practices in line with a net-zero economy by 2050. Senator Rosa Galvez is also critical of the regulator ’ s approach.

Banking 360
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‘Extraordinary growth’ in clean energy is keeping the ‘narrowed’ pathway to 1.5 ?C open: IEA

Corporate Knights

trillion by the early 2030s in the latest net-zero roadmap published this morning by the International Energy Agency. Extraordinary Growth’ in Clean Energy Tech The IEA roadmap is an update of the landmark Net Zero by 2050 scenario that the Paris-based agency first published in May, 2021. trillion in 2023 to $4.5

Net Zero 291