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Banks flout net-zero targets to cash in on the next LNG boom

Corporate Knights

Oil and gas companies are betting their future on LNG projects, but every single one of their planned projects puts the future of the Paris agreement in danger," Reclaim Finance campaigner Justine Duclos-Gonda said in a statement. Many large banks have pledged to reach net-zero emissions, yet they are still financing the LNG boom.

Net Zero 248
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To achieve net-zero, let’s agree on one definition of success

GreenBiz

To achieve net-zero, let’s agree on one definition of success. Reaching the 2015 Paris Agreement goals requires bold action from all sectors and levels of our society. But any chief sustainability officer will fall short of their responsibility if they simply cite net-zero as a strategic goal. Peter Boyd.

Net Zero 489
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Is 'net zero' much ado about nothing?

GreenBiz

Is 'net zero' much ado about nothing? Net zero is the near-universal goal of nations, states, provinces, cities, companies, universities and others. The five questions below represent just a sampling of issues surrounding what net zero means — and doesn’t. First, what is net zero? Joel Makower.

Net Zero 491
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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

HSBC is latest bank to pledge net-zero financed emissions by mid-century. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. Cecilia Keating.

Net Zero 402
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Strategy firm BCG pledges net-zero impact, eyes ‘carbon positive’ future

GreenBiz

Strategy firm BCG pledges net-zero impact, eyes ‘carbon positive’ future. billion company’s new commitment to achieve net-zero status for its own operations by the end of this decade. . billion company’s new commitment to achieve net-zero status for its own operations by the end of this decade. .

Net Zero 428
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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.

Net Zero 398
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Amazon aims to clean up aviation

GreenBiz

Infinium, spun out of another company called Greyrock Energy , says because the biofuel (dubbed an "electrofuel") is made with clean energy and CO2, it's a "net-zero carbon" fuel. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Transportation & Mobility.

Shipping 492