Corporate Knights

FEBRUARY 14, 2023

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 337

Net Zero Stranded Assets Global Economy Paris Agreement 337

Chris Hall

NOVEMBER 1, 2024

Back then, I wouldn’t have believed that we would come so far in international collaboration on climate change, such as the Paris Agreement,” he said. In 2022, ExxonMobil committed to achieving net zero greenhouse gas emissions for operated assets by 2050. It’ll be a mess.”

Climate Change 81

Climate Change Net Zero Stranded Assets Paris Agreement 81

Corporate Knights

OCTOBER 11, 2022

Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the Paris Agreement. But not all GHG reductions are equal. dollars) through 2030.

Divestment 358

Divestment CDP Stranded Assets Paris Agreement 358

Chris Hall

JANUARY 27, 2025

Alongside stranded asset dangers for investors, the early phase-out of emerging markets coal fleets leaves countries open to legal, financial risks. An increasing number of countries including the EU have exited the ECT, arguing that the treaty does not align with the goals of the Paris Agreement. This would lead to 1.5

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Net Zero Stranded Assets Paris Agreement Banking 64

Chris Hall

MAY 22, 2024

In 2022, the oil and gas industry invested just 2.5% billion), down from 14% in 2022. Last year, Shell invested US$5.6 billion), down from 14% in 2022. of its total capex in clean energy – yet the IEA suggests that a 1.5°C C pathway by 2050 would requires as much as 50% by 2030. Last year, Shell invested US$5.6

Divestment 89

Divestment Paris Agreement Stranded Assets Net Zero 89

Chris Hall

MAY 27, 2022

Resolutions calling for Chevron and ExxonMobil to align with the Paris Agreement also failed , albeit gaining more support, while investors did back votes calling for US oil and gas giants to report on their methane emissions and transition risks respectively.

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Net Zero Stranded Assets Paris Agreement Greenwashing 52

Chris Hall

AUGUST 8, 2024

Anglo American sold its thermal coal portfolio in 2021, while BHP announced in 2022 that it would close its last such mine in 2030. BHP sold its oil and gas business to Woodside in 2022 in an all-share deal. This leaves it heavily exposed to reputational, regulatory and stranded-asset risk, leading many investors to avoid it.

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Stranded Assets Divestment Greenwashing Paris Agreement 52