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Ten good news stories on climate and clean energy in 2024

Corporate Knights

Canadas emissions would be higher today without the actions taken to date by all levels of government since 2015. This type of planned transition in the building sector is necessary to protect consumers from higher costs and stranded assets. Climate policies are working with industrial carbon pricing leading the pack.

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Canada is sleeping on the energy transition

Corporate Knights

At the same time, the five largest Canadian banks have provided $700 billion to the fossil fuel sector since 2015 and doubled their year-over-year financing in 2021. The inability to prepare adequately for the energy transition will come with significant economic costs.

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The biggest carbon losers

Corporate Knights

To boot, Enel managed to deflate its carbon bubble almost exclusively by retiring high-carbon assets. Most of these reductions were made from 2015 to 2021 when Enel shut down some 40 of its 50 coal power plants fast and furiously (from 31% of generation capacity to 6%). dollars) through 2030.

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Their land, their call: When economic reconciliation and climate justice conflict

Corporate Knights

Twelve years ago, First Nations tried to buy an equity stake in the Pacific Trail Pipeline (pictured in 2015) but couldn’t secure bank financing – prompting calls for federal loan guarantees. That’s why Julia Levin, associate director of Environmental Defence, is wary of the federal government’s “sector-agnostic” loan guarantee.

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

Corporate Knights

They also noted the due diligence aspects of a framework that must now be implemented by all federal departments and agencies in line with the targets in the 2015 Paris climate agreement. A government source pointed to a provision for regular reviews of the subsidy policy as an important opportunity to ratchet up restrictions over time.

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Investors Face Direct Risk from Climate Litigation

Chris Hall

“Investors often underestimate indirect legal risks despite the financial toll of lawsuits against investee companies,” Clarke said. The claim, for £36 billion (US$44 billion), could have a major impact on the firm’s share price, a knock-on effect on investors, and potentially set a precedent for future litigation.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

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 For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8 trillion USD in fossil fuels.

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