This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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). billion in fossil fuel investments that would need to be divested under SB 1173.
When the wind farm has been fully commissioned, Ørsted will divest the transmission assets to a new owner. The CfD for the wind farm runs for up to 15 years starting after the commissioning of the wind farm, which is planned for 2027.
“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.
The report acknowledged steps the EU had taken to stimulate investment in building renovation, such as the mandatory Energy Performance Certificates and minimum energy performance standards for existing buildings from 2027. . Do they divest so the poorly performing assets are no longer on their books? Hunziker said. .
The NOC is planning to increase oil production capacity from 12 million barrels per day to 13 million by 2027. Aramco announced record-breaking profits of US$161.1 billion in 2022, a 46.5% increase on the year before, in the wake of the energy crisis prompted by Russia’s invasion of Ukraine.
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.
On 18 May, the Commission provided more details on its €300 billion REPowerEU plan, originally unveiled in March , which focuses on short-term recommendations between now and 2027, as well as medium-term targets which increase existing 2030 goals. Redrawing the blueprints .
Independent think tank the Resolution Foundation, which is working to improve living standards for low- and middle-income families in the UK, said that income inequality will continue to rise year-on-year, reaching highs of 40.8%
In March 2020, a coalition of 32 organisations spanning 17 countries wrote to the world’s biggest asset manager BlackRock, calling for the firm to divest its 5% stake in Drax, citing carbon intensity of woody biomass. . Drax first launched a BECCS pilot project in 2018 and aims to have the technology fully operational by 2027. .
This is extremely important, as the number of workers who don’t have employers or regular workplaces keeps rising—currently more than a third (36 percent) of US workers are part of the gig economy , and by 2027 more than half will be. Companies need to understand that good health is good business.
The fossil fuels divestment movement continues to grow and as indicated in a recent report by DivestInvest, 1,500 investment institutions, responsible for $39.2 trillion in assets, have committed to divest. Student divestment movements have succeeded in removing fossil fuels from a number of universities in 2021.
[The investor] should engage the company on such impacts and divest if they do not see material impacts being appropriately managed. by 2027, reaching 3% by the next Parliament. Freedom of choice Earlier this month, UK Prime Minister Keir Starmer committed to increasing the countrys annual defence spend from 2.3% of GDP to 2.5%
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content