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BP hits the brakes on transition away from fossil fuels

Corporate Knights

In 2022, BP invested US$4 billion (or 25% of its total investments, including capital expenditures and acquisitions) in renewables. billion in gas in 2022, according to Follow This. Activist investors and environmentalists had hoped that the record profits the company made in 2022 (BP reported a record US$27.7

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How to Re-establish the UK’s Lead on Climate Change

Chris Hall

In 2022, ExxonMobil committed to achieving net zero greenhouse gas emissions for operated assets by 2050. Stranded assets Speaking later with ESG Investor , Lord Deben stressed that stranded assets – when investment assets become liabilities – will present a significant challenge for investors in the transition to a low-carbon economy.

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The crypto industry was supposed to decarbonize by 2025 - how’s that going?

Corporate Knights

Is Bitcoin the next stranded asset? In fact, in 2022, the cryptocurrency Ethereum transitioned from POW to POS, reducing its energy consumption by nearly 100%. Recent developments in technology suggest the industry has started putting plans into action, with the appearance of sustainable tools and infrastructures.

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Canadian pension funds are starting to embrace the green transition

Corporate Knights

If Canada’s pension fund managers don’t take sustainability seriously, he adds, “they could get caught with stranded assets, which will cost their pensioners a lot.” They have a big role to play in facilitating the transition to a low-carbon economy.” 79000 0.14

Net Zero 301
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The biggest carbon losers

Corporate Knights

While some investments are neutral (deemed neither “clean” nor “dirty”), in many cases these companies are still investing most of their capital into assets that will either lock in further GHG emissions or become stranded assets as the energy transition takes shape. dollars) through 2030.

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Their land, their call: When economic reconciliation and climate justice conflict

Corporate Knights

Gas demand is set to peak in 2030 in all scenarios, the IEA has said, raising the thorny question of when new investments in oil and gas will become stranded assets. That’s why Julia Levin, associate director of Environmental Defence, is wary of the federal government’s “sector-agnostic” loan guarantee.

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CDP Adds Reporting on Plastic-Related Impact and Risks to Disclosure System

ESG Today

In 2022, more than 18,700 companies disclosed environmental data through CDP, up more than 40% over the prior year. Earlier this week, for example, Canada proposed new rules introducing recycled content requirements for plastic packaging and labelling and reporting requirements for plastic products.

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