Remove 2027 Remove Divestment Remove Paris Agreement
article thumbnail

Shell’s Empty Transition Promise

Chris Hall

They called for the company to align its medium-term Scope 1 to 3 decarbonisation targets with the Paris Agreement and take more ownership of its Scope 3 emissions. “Shell’s updated strategy has moved the company even further away from Paris Alignment,” says Van Baal. The ball is now in the investors’ court. “But

article thumbnail

‘NOCs’ Knock Investors off Net Zero Track

Chris Hall

The targets of 24 of the companies were found to not be aligned with the goals of the Paris Agreement. The NOC is planning to increase oil production capacity from 12 million barrels per day to 13 million by 2027. billion in 2022, a 46.5%

article thumbnail

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

Richard Matthews

The final agreement requests parties to come to COP27 next year in Egypt with updated plans on how to slash greenhouse gas emissions by 2030. Under the Paris Agreement, countries were only obliged to update their goals by 2025. trillion in assets, have committed to divest. In a first-of-its-kind lawsuit in the U.S.,