Corporate Knights

FEBRUARY 14, 2023

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

Net Zero Stranded Assets Global Economy Paris Agreement 337

3BL Media

AUGUST 30, 2022

The CDP Global Water Report (2020) informs us that, when it comes to water security, “The cost of inaction is five times the cost of action.”.

Stranded Assets 130

Stranded Assets CDP Climate Change Development 130

Chris Hall

NOVEMBER 3, 2023

This means that every 25 years, global warming will increase by 0.5°C in 2020 amid Covid-19 lockdowns that restricted travel and economic activity, which many hoped would serve as the catalyst for further reductions year-on-year. GHG emissions did fall by 4.6% However, when the world came back online, GHG emissions rebounded 6.4%

Paris Agreement 94

Paris Agreement Climate Change Stranded Assets Global Economy 94

Chris Hall

MARCH 2, 2022

“Regardless of geopolitical developments, decentralised energy systems based on renewable energy sources increase energy independence and security, while lowering costs for end-consumers and contributing towards the decarbonisation of economies,” says Marco van Daele, Co-CEO and CIO at SUSI Partners, a Swiss-based infrastructure fund manager.

Net Zero 98

Net Zero Stranded Assets Global Economy Supply Chains 98

Edouard Stenger

DECEMBER 30, 2020

The ongoing COVID-19 pandemic has brought our global economy to a standstill, with fears of the worst recession since 1929. Economies around the world are reeling from the cascading shocks wrought upon them since the beginning of March. Brent crude prices dropped 70 percent since the beginning of 2020.

Stranded Assets 59

Stranded Assets Divestment Development Global Economy 59

Chris Hall

AUGUST 23, 2023

Starting at a 2% reduction in 2025 compared to 2020 intensity levels, it will increase to 6% by 2030, and eventually reach 80% in 2050. Some companies will start acting and some won’t; there’s more risk of stranded assets.” What role should investors play?

Shipping 81

Shipping Net Zero Stranded Assets Development 81