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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 companys updated Energy Transition Strategy highlighted its view of LNG as playing a critical role in the energy transition, including through replacing coal in heavy industry and in power generation, and includes plans by the company to grow its LNG business by 20% – 30% by 2030, on a 2022 basis. shareholder support.

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Bank financing for fossil fuels dips second year in a row

Corporate Knights

trillion in financing to the fossil fuel industry in the eight years since the Paris Agreement was signed, according to a comprehensive new report. trillion in financing for new fossil fuel expansion projects, investments that put the net-zero goal of the Paris Agreement in jeopardy. billion in 2022.

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Which banks are financing the clean energy transition?

Corporate Knights

-based financial publication The Banker to produce the world’s first list of green-ish banks ranked by the percentage of revenues they earn through sustainable lending, underwriting and investments. Corporate Knights researchers ranked 60 banks for which they found quantifiable sustainable-revenue data from an initial pool of 91 banks.

Banking 360
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These 50 Canadian corporations are betting big on green

Corporate Knights

New figures showed that carbon emissions in 2022 fell to “significantly lower” than pre-pandemic levels in 2019, giving hope that Canada can meet its net-zero commitments. Crucially, the companies’ average sustainable investment (as a percentage of total investment) hit 58.9% for the average large Canadian corporation.

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The backroom battle for Canada’s climate future

Corporate Knights

Ever since the chamber successfully lobbied to torpedo the biggest piece of climate legislation to reach Congress – the Build Back Better Act – in 2022, more and more members have indicated that if the organization doesn’t change its tune, they’ll be cutting ties. This isn’t just a U.S. phenomenon.

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The biggest carbon losers

Corporate Knights

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. In terms of sustainable capital expenditures, as a whole the 20 companies projected total sustainable investments of $528 billion (all figures in U.S.

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We Mean Business Coalition statement on the G7 Summit 2022

We Mean Business Coalition

And yet, whilst making the right noises about the urgency of the climate crisis and commitments to the Paris Agreement, G7 leaders are sending contradictory messages. . The post We Mean Business Coalition statement on the G7 Summit 2022 appeared first on We Mean Business Coalition. With power comes responsibility. .