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Californian Pension Funds Face Forced Divestment of Fossil Fuel Holdings

Chris Hall

The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) have “wildly exaggerated” the costs of divesting fossil fuel holdings, according to climate activist group Fossil Free California (FFC). Counting the costs. The funds have estimated combined holdings of US$11.5

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Shell’s Empty Transition Promise

Chris Hall

If gas demand is to fall – the IEA expects it to peak before 2030 – these projects could be at risk of generating low returns for investors,” she adds. Vietnam’s first LNG terminal has been delayed until 2027, while the Philippines has faced contractual issues for gas-fired plants due to costs.

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‘NOCs’ Knock Investors off Net Zero Track

Chris Hall

The NOC is planning to increase oil production capacity from 12 million barrels per day to 13 million by 2027. This follows a legal complaint filed against Aramco by environmental law firm ClientEarth in 2021. This follows a legal complaint filed against Aramco by environmental law firm ClientEarth in 2021.

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Getting Lost in the Woods?

Chris Hall

“The use of bioenergy can lead to either increased or reduced emissions, depending on the scale of deployment, conversion technology, fuel displaced, and how and where the biomass is produced,” the Intergovernmental Panel for Climate Change (IPCC) noted in its report on climate impacts, adaptation and vulnerability. .

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California Takes Heat Off SEC

Chris Hall

Reporting on Scope 3 under SB 253 will also be delayed until 2027, giving companies one extra year to prepare when the law comes into effect in 2026, whereby reporting on Scope 1 and 2 will be required. We’re in effect setting a national standard at a time when we’re still waiting for our US federal regulators to move ahead.

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Despite the Headlines, 2021 Was A Year Full of Environmental Victories

Richard Matthews

Environmental successes are easily overlooked in a world ravaged by climate change, biodiversity loss, an ongoing global pandemic and attacks against democracy. The dystopian legacy of the former president is becoming increasingly clear to all but the willfully ignorant as is his politicization of climate change and COVID.