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This was an increase from the 19% of BP's investments that were classified as sustainable in 2021, according to Corporate Knights sustainable economy intelligence. They are stewards of the globaleconomy and should realize that the only formal power they have is the power of the vote.” But BP also invested $5.3
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With the globaleconomy heavily reliant on ocean health, a sustainable future is paramount. To date, the ocean and its ecosystems have provided significant benefits to the global community, including climate regulation, coastal protection, food, employment, recreation and cultural well-being. What is the scale of the problem?
Hopefully, 2021 will bring more exciting stories and analysis…). The ongoing COVID-19 pandemic has brought our globaleconomy to a standstill, with fears of the worst recession since 1929. Additionally, divestment campaigns and the fear of strandedassets have become each new year more pressing.
Some companies will start acting and some won’t; there’s more risk of strandedassets.” What role should investors play? of global international shipping demand, the IEA said. To align with the agency’s 2050 Net Zero Scenario, low-emission fuels will need to represent around 15% of total energy demand by 2030.
The EU only built 11GW of new wind farms in 2021, with plans to expand this by 18GW a year over the course of 2022-26, according to a report by WindEurope, a Brussels-based association. Increasing gas infrastructure must be avoided to avert dangerous climate impacts and strandedassets.”.
See the open letter to President Biden that supports this direction of travel, signed by more than 400 companies in April 2021. . This included l uxury fashion brand Burberry , which announced its biodiversity strategy to support global conservation efforts. to halve emissions by 2030 — and how U.S. And funding of US $1.7
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