Why the Paris Agreement poses major stranded asset risk to Indonesian palm oil
GreenBiz
SEPTEMBER 7, 2021
Research lays bare scale of stranded asset risk facing Indonesia's palm oil sector if Paris Agreement climate goals are met.
GreenBiz
SEPTEMBER 7, 2021
Research lays bare scale of stranded asset risk facing Indonesia's palm oil sector if Paris Agreement climate goals are met.
Corporate Knights
FEBRUARY 14, 2023
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. In order to do that, BP’s emissions would need to fall by 45% by 2030. Investors have much more to worry about than the return on capital of oil majors.
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Chris Hall
APRIL 13, 2022
The company has previously come under pressure from shareholders to improve its performance on Paris Agreement alignment. US shareholder action. Reducing Scope 3 emissions, which account for the vast majority of those produced by energy firms, is essential to limiting global heating, the resolution states. Pressure on Amazon.
Chris Hall
JANUARY 3, 2024
Now they must wait to see how signatories to the Paris Agreement act on the commitments outlined in the official response to the Global Stocktake, as well as multiple other pledges announced across the two weeks before that final text was signed, sealed and gavelled. C has not lessened; if anything, it has increased,” he says. “It’s
Corporate Knights
SEPTEMBER 16, 2022
The banks ’ climate plans need to be mandatory, subject to enforcement and fully aligned with climate science including a planned phaseout of high-emitting assets, said Andrews. . The more invested they remain in carbon-intensive assets, the greater the risk they face of holding stranded assets that lose value due to the transition.
ESG Today
JANUARY 25, 2023
By: Chris Lewis, Global Infrastructure Leader at EY At COP27 in November last year, there was an overwhelming consensus that the target of lowering global temperatures by 1.5 ° C – as outlined in the historic Paris Agreement – is now at risk of not being met, unless the world acts now.
ESG Today
MARCH 14, 2024
Commenting on the updated targets, Follow This founder Mark van Baal accused the company of “backtracking” on its climate ambitions, putting the company’s future at risk “through policy interventions, disruptive innovation, stranded assets, and accountability for the costs of climate change.”
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