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New poster child for stranded assets: Dakota Access Pipeline

Impact Alpha

The post New poster child for stranded assets: Dakota Access Pipeline appeared first on ImpactAlpha. The contested pipeline, opposed by the Standing Rock Sioux Tribe and a broad coalition of activists, was increasingly an economic millstone.

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BP hits the brakes on transition away from fossil fuels

Corporate Knights

The company is still committed to being net-zero by 2050, but observers say it’s a lot harder to see a pathway to reach such a goal without a stronger target for 2030. Follow This plans to introduce a resolution at BP’s annual general meeting in May calling for the company to align its 2030 targets with the Paris Agreement.

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Larry Fink says accelerate. He needs to say it much louder

GreenBiz

The Science Based Targets initiative makes clear that greenhouse gas (GHG) pollution must halve by 2030. Every dollar not spent in new ways to cut GHG and to stop the voracious linear economy is investing in future stranded assets. Pull Quote. Fink’s signal is not loud enough, especially for those in the back.

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Canada is sleeping on the energy transition

Corporate Knights

While European firms like TotalEnergies, BP and Eni plan to curtail production by 2030 and dramatically increase their capital expenditures on renewables, Canadian energy firms plan to expand production by 30% by 2030, growing at a rate that would overshoot Canada’s 2050 target for the oil and gas sector’s emissions by 94%.

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

ESG Today

Alongside the new Scope 3 target, however, Shell also eliminated a 2035 emissions intensity goal, and revised down its interim 2030 intensity goal as well. While the company had previously set 2030 targets to reduce its Scope 1 and 2 emissions, it had avoided setting an interim Scope 3 target.

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

Corporate Knights

The second aim states that signatories should achieve net-zero emissions from electricity consumption by 2030. Is Bitcoin the next stranded asset? Recent developments in technology suggest the industry has started putting plans into action, with the appearance of sustainable tools and infrastructures. But there's a catch.

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The biggest carbon losers

Corporate Knights

Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the Paris Agreement. About two-thirds of the GHG reductions achieved by these companies were genuine from the planet’s perspective; much of it came courtesy of efficiency measures or retiring polluting assets.