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

Corporate Knights

The International Energy Agency has concluded since 2022 that no new LNG export developments are required to meet energy demand while limiting global temperatures to 1.5C Many large banks have pledged to reach net-zero emissions, yet they are still financing the LNG boom. above preindustrial levels.

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Netflix, Nature and Net Zero

GreenBiz

The world's most popular streaming service is cutting film production emissions and investing in nature to reach net zero by 2022. Speaker: Emma Stewart, Sustainability Officer, Netflix This session was held at GreenBiz Group’s VERGE Net Zero, July 27-28, 2021. Learn more about the event here: [link]

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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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It's time to embrace the 'disorderly' net-zero transition

GreenBiz

World Economic Forum's Global Risks 2022: The net-zero transition still represents the best and only chance of achieving the climate goals.

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Nestlé digs deeper into regenerative ag, puts $3.6B behind net-zero plan

GreenBiz

behind net-zero plan. billion over the next five years to meet its net-zero by 2050 aspirations. Nestlé has pledged that its sources of "key" commodities, including palm and soy, will be deforestation-free by 2022. Nestlé digs deeper into regenerative ag, puts $3.6B Heather Clancy. Mon, 12/07/2020 - 02:00.

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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. McKenna echoes the InfluenceMap criticism of Canadian oil and pipeline companies.

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

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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