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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. The green groups behind the report have warned of an "alarming disconnect" between the global scientific consensus on climate change and the ongoing practices of the world's leading banks. Cecilia Keating. Fri, 03/26/2021 - 00:05.

Net Zero 398
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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

Tue, 10/13/2020 - 00:46. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. HSBC is latest bank to pledge net-zero financed emissions by mid-century. Cecilia Keating.

Net Zero 402
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BP hits the brakes on transition away from fossil fuels

Corporate Knights

When Bernard Looney became CEO of BP in 2020, he promised to reinvent the British oil major as a “leaner, faster-moving and lower-carbon company.” Last week, BP said it will cut its Scope 3 emissions by only 20% to 30% by the end of the decade – a significant reversal from its original 35% to 40% target announced in 2020.

Net Zero 337
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A new Swedish iron processing project could disrupt the global steel industry

GreenBiz

A new Swedish iron processing project could disrupt the global steel industry. Thu, 12/17/2020 - 00:20. Looking forward, with customers, investors and policymakers increasing pressure to adhere to the Paris Agreement, reducing greenhouse gas emissions is a critical element of maintaining competitiveness.

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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Green groups urge UN to raise climate ambition on global shipping. Tue, 10/20/2020 - 00:15. The global shipping industry's decarbonization efforts once again face stormy seas. Cecilia Keating.

Shipping 436
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On the fifth anniversary of the TCFD, a call to action

GreenBiz

Mon, 12/14/2020 - 00:05. December marks the five-year anniversary of the Paris Agreement — a turning point for the movement to limit dangerous climate change and environmental destruction. On the fifth anniversary of the TCFD, a call to action. Ateli Iyalla. So, the TCFD was born. Out of 727 companies headquartered in the U.S.

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Inogen Alliance Presence at COP28: Panel Discussion Side Event, 4 December in the Blue Zone

3BL Media

This event will delve into the means and examples of how to access funding by GCF and the critical role of ESG principles in shaping investment decisions and financial mechanisms to combat climate change and foster a more sustainable global economy. Aslanbayli has previously worked with the I.C.E.