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But, as a long-term investor, we also believe that Exxon and the other companies we own must take seriously the risk that climatechange poses to business and to the overall health of markets over the long term.” Exxon is required to disclose the full breakdown of votes at the AGM within four business days.
We have primarily concentrated on the oil and gas industry, but the outcomes have been disappointingly limited, particularly with recent target reversals. “It may be necessary to reconsider our approach.” However, for some investors the limited progress of the oil and gas industry on climate forced them to cut ties with the sector.
In just ten years, Jacobson has harnessed passion, determination and science to re-frame the way renewable energy is seen and, ultimately, accepted as a viable solution to climatechange and air pollution. By February 2014, Jacobson, with the help of students and colleagues, finished a draft of the roadmaps for all 50 U.S.
This slashes portfolio emissions and sends a strong signal to oil and gas firms about the financial consequences of failing to set out credible transition plans. The writing is on the wall for oil and gas firms. As highlighted by the IEA: there can be no more new oil and gas production if the world is to achieve a 1.5°C C scenario.
University activists are increasingly citing the oil and gas industry’s targeting of kids in the classroom as another reason to divest from fossil fuels. Climate education is a problem at many of America’s 100,000 public schools. trillion climate-focused infrastructure bill. The divestment solution.
Environmental successes are easily overlooked in a world ravaged by climatechange, biodiversity loss, an ongoing global pandemic and attacks against democracy. The dystopian legacy of the former president is becoming increasingly clear to all but the willfully ignorant as is his politicization of climatechange and COVID.
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