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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.” The company was one of the first oil majors to commit to being net-zero in 2050 and was showing signs it was open to speeding up its transition to a low-carbon future.

Net Zero 338
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Larry Fink says accelerate. He needs to say it much louder

GreenBiz

BlackRock’s sustainability activity leads its investment megafirm cohort of Vanguard, Fidelity and State Street Global Advisors, which together manage 20 percent of global publicly listed securities , an aggregate $20 trillion assets under management at the end of last year. Fink’s signal is not loud enough, especially for those in the back.

Net Zero 406
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The crypto industry was supposed to decarbonize by 2025 - how’s that going?

Corporate Knights

Agencies and organisations like the International Energy Agency and the United Nations have raised concerns about the effects of crypto mining – particularly Bitcoin, the best-known crypto asset. The second aim states that signatories should achieve net-zero emissions from electricity consumption by 2030.

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The Climate Blockers: BASF quietly lobbies against strong climate policy while talking a big game

Corporate Knights

BASF resists the characterization, pointing to its track record – since 1990, the company has reduced its greenhouse gas emissions by 50% – and its objective to achieve net-zero by 2050 (five years later than the German national target of 2045).

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How to Re-establish the UK’s Lead on Climate Change

Chris Hall

Former chair of the Committee on Climate Change Lord Deben believes the country can get back on track to net zero and regain its status as a global leader. In 2020, her successor Boris Johnson launched a 10-point plan for a Green Industrial Revolution. Lord Deben was a principal witness for the prosecution. It’ll be a mess.”

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Carbon Metrics Key to Investors’ Net Zero Path

Chris Hall

This is according to a study by global asset manager Invesco and Sweden’s fourth national pension fund, AP4, who recently partnered up to explore the road to net zero for institutional investors. It now aims to further halve its emissions by 2030 compared to 2020 levels – with the long-term goal of achieving net zero by 2040. “We

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Shell Sets 2030 Goal to Reduce Emissions from Customers’ Use of Gasoline and Diesel

ESG Today

In 2020, Shell announced a commitment to achieve net zero in its operations by 2050, and in 2021, the company launched its “Powering Progress” strategy , detailing how it will achieve its target to be a net-zero energy business by 2050 across Scope 1, 2 and 3 emissions, with initiatives including investing in renewable and clean energy solutions.

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