Remove 2023 Remove Paris Agreement Remove Stranded Assets
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How to Re-establish the UK’s Lead on Climate Change

Chris Hall

However, subsequent Conservative prime ministers – Liz Truss and Rishi Sunak – “didn’t understand the urgency”, according to the Rt Hon John Selwyn Gummer, Lord Deben, Conservative Party peer and former chair of the UK’s Committee on Climate Change (CCC) from 2012 to 2023. It’ll be a mess.”

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All Systems go for Net Zero

Chris Hall

Now they must wait to see how signatories to the Paris Agreement act on the commitments outlined in the official response to the Global Stocktake, as well as multiple other pledges announced across the two weeks before that final text was signed, sealed and gavelled.

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Shell Sets 2030 Goal to Reduce Emissions from Customers’ Use of Gasoline and Diesel

ESG Today

The company noted that emissions from oil products had already declined by around 9% in 2023 from the 2021 base, and said that the new target would represent a 40% reduction from 2016, including 8 percentage points caused by contracts being classified as held for trading purposes.

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Glencore Abandons Coal Demerger at Investors’ Request

Chris Hall

This leaves it heavily exposed to reputational, regulatory and stranded-asset risk, leading many investors to avoid it. In 2023, the coal division contributed over CA$5 billion (US$3.64 The acquisition of EVR will only add to that. billion) to the company’s approximately CA$7 billion gross profit.

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The Climate Blockers: BASF quietly lobbies against strong climate policy while talking a big game

Corporate Knights

It has publicly endorsed the Paris Agreement on climate change as well as the EU’s target of being net-zero by 2050. But companies won’t meet the challenge by dodging it, or lobbying themselves into a corner, surrounded by their own stranded assets.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8

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The “Ripple Effect” of Universal Ownership

Chris Hall

We have a clear dialogue with a company before they are blacklisted but will continue to engage because we want to be able to invest in them again.” Stranded assets AP7 is a member of the Paris Aligned Asset Owners Initiative, a global group of 56 asset owners with over US$3.3