Remove 2022 Remove Global Economy Remove Paris Agreement
article thumbnail

BP hits the brakes on transition away from fossil fuels

Corporate Knights

Follow This plans to introduce a resolution at BP’s annual general meeting in May calling for the company to align its 2030 targets with the Paris Agreement. In 2022, BP invested US$4 billion (or 25% of its total investments, including capital expenditures and acquisitions) in renewables. But BP also invested $5.3

Net Zero 338
article thumbnail

Lessons of giants will bring us to a greener future

Corporate Knights

It is heartening to see most corporate net-zero pledges clearly stating they don’t want to be left hanging, with words to the effect of “My organization makes this commitment with the expectation that governments will follow through on their own net-zero commitments to ensure that the goals of the Paris Agreement are met.”.

Net Zero 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Climate Action 100+ Net Zero Company Benchmark Shows Continued Progress on Ambition Contrasted by a Lack of Detailed Plans of Action

3BL Media

The results show that most focus companies are not moving fast enough to align with the goals of the Paris Agreement and reduce investors’ risk. CTI’s assessments show that the CapEx plans of oil and gas companies across the board are not aligned with the Paris Agreement goals. C) pathway.

Net Zero 147
article thumbnail

Ceres Releases New Guide To Aid U.S. Food Sector’s Climate Transition Plans As Investors Ramp Up Pressure

3BL Media

As of January 2022, only 21 of the 50 highest greenhouse gas-emitting North American food companies tracked by the Ceres’ Food Emissions 50 initiative have set any short-term emissions reduction targets inclusive of scope 3 emissions , the largest source of emissions in this sector.

Net Zero 246
article thumbnail

COP27: A Breakthrough for People and Planet

3BL Media

Serving as a negotiator to the series of Climate Change COP events since COP21 (2015) where the Paris Agreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into this year’s landmark developments and future prospects. Human activity is overloading the natural carbon cycle.

article thumbnail

At COP28, Influential Investors, Companies, and Policymakers To Call for Greater Global Ambition and Accelerated Action To Limit Temperature Rise and Achieve a Net Zero Economy

3BL Media

The frequency of catastrophic heatwaves, flooding and droughts continues to have an increasingly deadly and devastating impact on all parts of society—including the global economy. Major investors will discuss the actions and policies needed to make further progress against the goals of the Paris Agreement.

Net Zero 113
article thumbnail

CA100+ Flags “Missing Link” Between Words and Climate Action

Chris Hall

Climate Action 100+ (CA100+) has warned that carbon-intensive companies are not progressing fast enough to align with the objectives of the Paris Agreement, supporting the rationale for its revised engagement strategy.