Corporate Knights

OCTOBER 11, 2022

About two-thirds of the GHG reductions achieved by these companies were genuine from the planet’s perspective; much of it came courtesy of efficiency measures or retiring polluting assets. To boot, Enel managed to deflate its carbon bubble almost exclusively by retiring high-carbon assets. Divestments (8%). Divestments (25%).

Divestment 358

Divestment CDP Stranded Assets Paris Agreement 358

Chris Hall

MARCH 4, 2022

Almost overnight, Vladimir Putin pulled off something investors have been struggling to achieve since 2015: decarbonising the business models of oil and gas majors. By divesting its 20% stake in Rosneft, BP also disposed of around a third of its oil supplies.

Divestment 52

Divestment Stranded Assets Net Zero Climate Change 52

Edouard Stenger

DECEMBER 30, 2020

Additionally, divestment campaigns and the fear of stranded assets have become each new year more pressing. coal companies have filed for Chapter 11 bankruptcy since 2015 and analysts expect more as the economy dives. In the US, electricity generation from coal went from 50% in 2007 to 15% now.

Stranded Assets 59

Stranded Assets Divestment Development Global Economy 59

3BL Media

SEPTEMBER 29, 2023

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 They can also divest from high-emitting industries such as thermal coal production. trillion USD in fossil fuels.

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

Chris Hall

JANUARY 30, 2024

This could stem from campaigns which lobby for divestment from polluting companies or projects. “In our view, the risk to investors from ESG or climate litigation remains primarily indirect,” Mark Banks, Dispute Resolution Senior Associate at Baker McKenzie told ESG Investor.

Greenwashing 80

Greenwashing Stranded Assets Net Zero Banking 80

Chris Hall

JULY 14, 2023

In June, the Church of England Pensions Board (CoEPB) and Church Commissioners announced that they will divest from oil and gas firms for failing to align with climate goals. However, individual, specific, and isolated divestments do not make a significant difference due to the abundance of liquidity in the market. billion (US$13.2

Net Zero 52

Net Zero Divestment Paris Agreement Stranded Assets 52

Chris Hall

JANUARY 30, 2024

This could stem from campaigns which lobby for divestment from polluting companies or projects. “In our view, the risk to investors from ESG or climate litigation remains primarily indirect,” Mark Banks, Dispute Resolution Senior Associate at Baker McKenzie told ESG Investor.

Greenwashing 59

Greenwashing Stranded Assets Net Zero Banking 59