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Canada’s Big Five banks keep moving further away from net-zero

Corporate Knights

A new report renders a damning portrait of Canada’s Big Five banks on their path to net-zero emissions by 2050. The banks racked up $275 billion in loans and bond and equity underwriting to fossil fuel companies between 2020 and 2022, which represents 16.9% of total financing in 2022, up from 15.5% in 2020. .$72.4

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Canadian oil and gas industry is actively lobbying against its net-zero targets: report

Corporate Knights

The Canadian oil and gas industry is engaging in greenwashing by endorsing a 2050 net-zero target while actively lobbying against measures that would achieve that climate goal, international non-profit InfluenceMap says in a report. C,” the report said. Meanwhile, they’re hiking dividends and share buybacks.

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AllianceBernstein Commits to Net Zero Pathway

3BL Media

degree Celsius pathway, joining Net Zero Asset Managers Initiative. and LONDON, July 29, 2022 /3BL Media/ - AllianceBernstein L.P. (“AB”) 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.

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Credible Corporate Climate Action: How to Set and Meet Net-Zero Targets

GreenBiz

Date/Time: March 10, 2022 (2-3PM ET / 11AM-12PM PT) As public pressure for action to tackle climate change grows, companies are increasingly expected to set and execute on emissions targets aligned with science. The speakers will consider questions including: What is the current state of play in corporate climate action?

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To Meet Net Zero, Prioritize ESG Laggards

3BL Media

DESCRIPTION: On the heels of COP26, investors are not only thinking about the climate-related risks of companies within their portfolios, but they are also considering whether to make new investments or maintain existing investments in high-emitting companies or countries going forward. Engaging for Net Zero.

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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 May, the court found the government’s inadequate climate strategy to be unlawful for the second time. Lord Deben was a principal witness for the prosecution.

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EVs are leading U.K.’s race to net-zero, but will England stay off the gas?

Corporate Knights

It also helps greatly that the country’s climate policies are underpinned by the world’s first climate change law, introduced in 2008, and a Climate Change Committee (CCC) that holds the government to account on its targets and progress in reducing greenhouse gas emissions. Others are calling for the U.K.

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