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COP27 litmus test: Will wealthy countries finally pay for climate change loss and damage?

Corporate Knights

It first entered the climate justice lexicon back in 1992, during negotiations leading to the original United Nations Framework Convention on Climate Change (UNFCCC), when the Alliance of Small Island States (AOSIS) submitted a proposal for a financial mechanism to address loss and damage from sea level rise.

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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

In an open letter to its clients, HSBC CEO Noel Quinn said the bank had been motivated to ramp up its environmental ambition by customer concern about climate change. "We If you want to know what HSBC's stance on climate change really is, look at what they fund, not their fluffy marketing," he added.

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The textile companies creating material change

GreenBiz

Globally, with both the COP26 on Climate Change and COP15 on Biological Diversity happening this year, the urgency couldn’t be more clear. The MCI was launched in 2019 in partnership with GreenBiz, with a goal to accelerate action and impact by driving a race to the top. Companies now have a materials mission.

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Morgan Stanley will measure CO2 impact of loans and investments

GreenBiz

The announcement marks a major coup for the PCAF and is a landmark green move for Morgan Stanley, one of the world's largest and most recognizable private banking groups, which from 2016 to 2019 invested more than $91 billion n fossil fuels, according to the Rainforest Action Network.

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Ottawa vows to bring in methane emissions regs. Alberta promises to never implement them.

Corporate Knights

billion in “avoided global damages”, Environment and Climate Change Canada (ECCC) said in a release. We’re seeing here the beginning of a global movement toward almost eliminating methane emissions from the oil and gas sector,” Environment and Climate Change Minister Steven Guilbeault told reporters in Dubai. “As

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Tetra Pak Recognised for Fourth Consecutive Year as Part of CDP 'A List' for Action on Climate Change and Forests

3BL Media

DESCRIPTION: LAUSANNE, Switzerland, December 20, 2022 /3BL Media/ - Tetra Pak has been recognised for leadership in corporate transparency and performance on climate change and forests by global environmental non-profit CDP , securing a place on its prestigious ‘A List’ for the fourth year running. 2 Baseline: 2019.

CDP 100
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Mitigating Climate Change Due to Methane From Natural Gas

3BL Media

Methane is a primary component in natural gas and a contributor to climate change. Why is reducing methane emissions so important to climate change mitigation? This powerful warming effect causes experts to believe that cutting methane emissions is critical to mitigating climate change.