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Banks flout net-zero targets to cash in on the next LNG boom

Corporate Knights

A new report published by Reclaim Finance on Thursday calculates that, between 2021 and 2023, 400 banks put $213 billion toward LNG expansion and 400 investors funded the buildout with $252 billion as of May 2024. Many large banks have pledged to reach net-zero emissions, yet they are still financing the LNG boom.

Net Zero 248
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Is 'net zero' much ado about nothing?

GreenBiz

Is 'net zero' much ado about nothing? Tue, 05/11/2021 - 02:11. Net zero is the near-universal goal of nations, states, provinces, cities, companies, universities and others. The five questions below represent just a sampling of issues surrounding what net zero means — and doesn’t. Joel Makower.

Net Zero 491
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Henkel Defines Net-Zero Targets

3BL Media

DÜSSELDORF, Germany, November 4, 2024 /3BL/ - In line with its ambitions for sustainability within its agenda for purposeful growth, Henkel has defined a net-zero roadmap, substantially extending its targets for emissions reduction along the value chain. We all have to take responsibility and help limit global warming to 1.5°C,

Net Zero 130
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Shareholders Call on Shell to Explain Consistency of Plans to Grow LNG Production with its Net Zero Goals

ESG Today

The new resolution follows the release last year by Shell of its Energy Transition Strategy 2024, the first update to its Powering Progress strategy, launched in 2021, outlining the companys climate transition roadmap and goals. The resolution failed, receiving only 18.6% shareholder support.

Net Zero 120
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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. Fri, 03/26/2021 - 00:05. trillion to coal, oil and gas companies in the five years since the Paris Agreement was signed, it calculates. Cecilia Keating. Overall, the world's leading banks have channelled $3.8

Net Zero 398
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AllianceBernstein Commits to Net Zero Pathway

3BL Media

degree Celsius pathway, joining Net Zero Asset Managers Initiative. degree Celsius pathway by 2050, in support of the Paris Agreement. Our net zero strategy addresses both the corporate and investment levels. AB to align operations and range of investment strategies with 1.5-degree SOURCE: AllianceBernstein.

Net Zero 264
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Qualcomm's Commitment to Net-Zero Global Operational Emissions by 2040

3BL Media

In November 2021, we were proud to publicly announce our goal to achieve net-zero global emissions across our value chain by 2040, joining more than 2,000 businesses around the world committed to the Science Based Targets initiative (SBTi). What does it mean to achieve net-zero? Why 2040 vs 2050?

Net Zero 246