Corporate Knights

JUNE 19, 2024

When those 16 nations went to the bank for financing, they were told there was no point in trying. Twelve years ago, First Nations tried to buy an equity stake in the Pacific Trail Pipeline (pictured in 2015) but couldn’t secure bank financing – prompting calls for federal loan guarantees.

Stranded Assets 182

Stranded Assets Net Zero Development Banking 182

3BL Media

MAY 17, 2022

For decades, scientists have studied the risks of increasing greenhouse gas (GHG) emissions on the earth’s climate. The signals of early-stage climate change are becoming unmistakably visible. As the recent Intergovernmental Panel on Climate Change (IPCC) report on climate adaptation stated: “Global warming, reaching 1.5°C

Net Zero 130

Net Zero Climate Change Stranded Assets Supply Chains 130

Envirotec Magazine

MARCH 13, 2020

“While recent announcements from Wall Street giants show that the financial sector is waking up to the gravity of the climate crisis, firms like BlackRock, JP Morgan Chase, and Goldman Sachs must step up their game. Oil and gas extraction of all kinds are destroying our climate, especially in sensitive ecosystems like the Amazon.

Stranded Assets 141

Stranded Assets Banking Climate Change Development 141

Chris Hall

JULY 31, 2023

Creon Butler, Director, Global Economy and Finance Programme at think tank Chatham House, made a similar warning of a “probable sharp adjustment” this month , saying that “financial markets did not yet reflect climate risk” despite the clear severe economic and financial consequences of climate change.

Climate Change 98

Climate Change Stranded Assets Banking Climate Scientist 98

Chris Hall

JUNE 21, 2023

billion to acquire 335 million barrels of oil in Texas and Mexico,” said Patrick DeRochie, Senior Manager of Shift. “The CPPIB is risking our national retirement fund on stranded assets and investing in a future of ever-worsening climate disaster.” The post CAFA to Catapult Canada to Climate Leader appeared first on ESG Investor.

Banking 97

Banking Net Zero Stranded Assets Climate Change 97

Chris Hall

APRIL 21, 2023

AGMs to be held by Citi, Wells Fargo, and Bank of America on 25 April, and by Goldman Sachs on 26 April, are seen as key indicators of investment sentiment.

Banking 52

Banking Net Zero Stranded Assets Climate Change 52

Chris Hall

NOVEMBER 3, 2023

Breaking with tradition Finance Watch’s latest report , released this week, underscores the stark reality of rising climate risks and calls for economic models that do not mislead, scenario analyses that prepare the market, and a new prudential tool to address the build-up of systemic climate risk.

Paris Agreement 94

Paris Agreement Climate Change Stranded Assets Global Economy 94

Chris Hall

JANUARY 30, 2024

This could stem from campaigns which lobby for divestment from polluting companies or projects. “In our view, the risk to investors from ESG or climate litigation remains primarily indirect,” Mark Banks, Dispute Resolution Senior Associate at Baker McKenzie told ESG Investor.

Greenwashing 80

Greenwashing Stranded Assets Net Zero Banking 80

Chris Hall

OCTOBER 28, 2022

The report , published by the London School of Economics’ Grantham Research Institute on Climate Change and the Environment (LSE GRI), outlines how financial institutions can integrate “the social dimension” to ensure a just transition to net zero greenhouse gas (GHG) emissions. Future iterations .

Net Zero 98

Net Zero Stranded Assets Banking Development 98

3BL Media

SEPTEMBER 29, 2023

For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. Change is already underway within the fossil fuel industry, as developments in the Netherlands, United States and Australia indicate.

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

Corporate Knights

JULY 25, 2023

With the World Bank, the World Trade Organization, and environmental groups all in agreement, he added, “getting rid of inefficient fossil fuel subsidies is now a common sense bottom line.” “The simple reality is that it’s no longer free to pollute in Canada,” Guilbeault told media Monday morning. “We

Paris Agreement 246

Paris Agreement Bend the Curve Carbon Offsets Stranded Assets 246

Chris Hall

SEPTEMBER 20, 2024

Earlier this week, climate change think tank Carbon Tracker hosted a webinar to highlight the opportunity for investors to influence the FCA’s Public Offers and Admissions to Trading Regulations regime (POATR) consultation. One of the things that is concerning us as investors is the increasing politicisation of climate change.

Climate Change 64

Climate Change Stranded Assets Banking Development 64

Chris Hall

MARCH 16, 2022

Launched in 2018, they act as a global guiding framework for banks, insurers and investors. They were developed by the European Commission, World Wide Fund for Nature (WWF), the World Resources Institute and the European Investment Bank (EIB) and are hosted by UNEP FI as part of the Sustainable Blue Economy Finance Initiative.

UNEP 98

UNEP Banking Paris Agreement Stranded Assets 98

Sustainable Development Network

AUGUST 30, 2019

The Inter-American Development Bank (IDB) is supporting countries in the region to achieve these ambitious goals, along with some foreign governments like Germany. In the USA, the Green New Deal has led to national discussions on infrastructure and climate change.

Paris Agreement 52

Paris Agreement Stranded Assets Decarbonize Climate Change 52

Chris Hall

JANUARY 30, 2024

This could stem from campaigns which lobby for divestment from polluting companies or projects. “In our view, the risk to investors from ESG or climate litigation remains primarily indirect,” Mark Banks, Dispute Resolution Senior Associate at Baker McKenzie told ESG Investor.

Greenwashing 59

Greenwashing Stranded Assets Net Zero Banking 59

Chris Hall

JANUARY 3, 2024

C of warming, the Inevitable Policy Response calculates that current government policies, ie those in place pre-COP28, will only limit climate change to 1.8°C Remco Fischer, Head of Climate Change at the UN Environment Programme Finance Initiative, sees less risk for investors taking bets on a 1.5°C

Net Zero 72

Net Zero Paris Agreement Stranded Assets Climate Change 72

Chris Hall

JUNE 23, 2022

C Paris climate target, according to think tank Carbon Tracker. . The exchanges, and the associated industry of banks, insurers, lawyers and financial services providers, are profiting from activities that are at odds with their countries’ climate commitments and that put investors at risk, the report said. .

Net Zero 40

Net Zero Stranded Assets Paris Agreement Climate Change 40

Chris Hall

OCTOBER 10, 2022

Transition plans should demonstrate alignment with 2030 decarbonisation targets, says UN Climate Envoy. In addition, institutions should have interim decarbonisation targets that are “consistent” with the 2030 target, set by the Intergovernmental Panel on Climate Change , of reducing CO2 emissions by around 45% from 2010 levels.

Net Zero 52

Net Zero Stranded Assets Banking UNEP 52

Envirotec Magazine

SEPTEMBER 17, 2021

These countries need affordable, reliable and clean energy to support their socio-economic development and to mitigate climate change. “We continue to see significant investment in coal-fired power generation in countries with high rates of energy poverty.

Net Zero 52

Net Zero Stranded Assets COP26 Development 52

Chris Hall

MARCH 2, 2022

Even Germany’s decision to permanently shelve Nord Stream 2 , the partial ejection of Russian banks from Swift , and oil and gas majors exiting equity partnerships with Russian companies in recent days have been ignored by the former intelligence officer. Economic sanctions have so far failed to shake President Vladimir Putin’s resolve.

Net Zero 98

Net Zero Stranded Assets Global Economy Supply Chains 98

Richard Matthews

FEBRUARY 21, 2022

To illustrate, BlackRock, the world’s leading investment firm, with more than $7 trillion worth of assets under management, has announced that climate will play a central role in investment considerations. Fossil fuels are at high risk of becoming stranded assets and PEs have a significant stake in the energy sector.

Impact Investing 76

Impact Investing Value Creation Net Zero Stranded Assets 76

Chris Hall

JULY 14, 2023

Global temperatures are set to hit record-breaking levels this summer, with regions of persistent high pressure creating heat domes across several southern US states in June, posing health risks to millions of Americans.

Net Zero 52

Net Zero Divestment Paris Agreement Stranded Assets 52

Chris Hall

MAY 11, 2022

In late April, the UK High Court ruled that charity trustees can consider climate change factors when making decisions over their investments, even if it means making lower returns. It argues that regulators must act to ensure financial institutions are taking full account of financially-material climate and sustainability risks.

UNEP 52

UNEP Net Zero Sustainable Investment Stranded Assets 52

Chris Hall

SEPTEMBER 29, 2023

According to the International Energy Agency , the world needs to cut 90% of coal use by 2050 and phase out all unabated coal power plants by 2040 to achieve net-zero emissions and avoid the worst impacts of climate change. These plants are expected to operate for decades and risk becoming “stranded assets” if they retire early.

Development 69

Development Net Zero Supply Chains Supply Chain 69

Chris Hall

OCTOBER 27, 2023

The parallels between the disclosure and risk management frameworks of the TNFD and its forerunner, the Task Force on Climate-related Financial Disclosures (TCFD), are welcomed as easing the disclosure burden, but few under-estimate the challenge ahead.

Net Zero 83

Net Zero Supply Chains Supply Chain Stranded Assets 83

Chris Hall

APRIL 20, 2022

The recent Intergovernmental Panel on Climate Change (IPCC) working group III report on climate change mitigation identified carbon capture and storage (CCS) as an integral element in reducing GHG emissions across the energy sector. What is carbon capture and storage?

Net Zero 52

Net Zero Development Climate Change Stranded Assets 52

Chris Hall

NOVEMBER 16, 2022

The failure of rich nations to make good on their pledge to supply US100 billion annually in climate finance is long-running bone of contention for the countries most threatened by climate change and is a key focus at COP27. . degrees of climate change. . The deal committed US$8.5 The deal committed US$8.5

Net Zero 52

Net Zero Paris Agreement Carbon Offsets Greenwashing 52

Chris Hall

JULY 20, 2022

The IEA blueprint involves unprecedented levels of change, the agency admits, and requires clear government strategies and policies. SAS would achieve all Africa’s energy-related development goals “on time and in full”, as well as meeting climate change commitments. of GDP), with two ? thirds going to clean energy. .

Net Zero 52

Net Zero Development Stranded Assets Chief Sustainability Officer 52

Richard Matthews

SEPTEMBER 20, 2021

As reported by Newsweek , an NCSE survey revealed that teachers offer their students very little climate education and when they do, it is often inaccurate (60% of teachers are unaware of the scientific consensus on climate change). trillion climate-focused infrastructure bill. Petro-pedagogy targeting kids.

Divestment 62

Divestment Climate Change Stranded Assets Paris Agreement 62

We Mean Business Coalition

NOVEMBER 12, 2021

Preparing for the storm: The role of UK business and government in improving UK resilience to climate change in the UK’ explores how leading UK businesses are already increasing community resilience through climate adaptation strategies and action. billion climate finance already promised by Biden each year, by 2024.

COP26 88

COP26 Net Zero Paris Agreement Development 88

Jon Hale

SEPTEMBER 1, 2022

with your entire bank account on the line.” Pension funds supported resolutions relating to climate change, political spending, worker’s rights and pay equity at higher rates than shareholders overall. trillion in assets. Why use ESG information? “If

Climate Change 52

Climate Change Net Zero Stranded Assets Supply Chains 52

Jon Hale

AUGUST 26, 2022

It’s not as if there is any clamor from everyday investors to stop their fund managers from considering climate change and other material ESG risks in their portfolios. including millions of future retirees banking on long-term success?—?standing standing to lose the most.

Stranded Assets 52

Stranded Assets Climate Change Sustainable Investment Banking 52

Chris Hall

MARCH 29, 2022

Leading US banks and insurers will face votes at their upcoming AGMs asking for policies aligned with the International Energy Agency’s (IEA) net zero roadmap , after challenges to shareholder resolutions were rejected. . Risk of stranded assets . at Trillium Asset Management.? “In degrees Celsius.

Net Zero 52

Net Zero UNEP Banking Stranded Assets 52

CleanTechnica

AUGUST 17, 2024

I was incredibly pleased and excited to read this headline in my newsfeed this morning from the Australian Broadcasting Commission (ABC): “Commonwealth Bank stops lending to fossil fuel companies without genuine emissions plan.” It’s about time. Add that to the withdrawal of support from some of Australia’s very well-funded superannuation.

Banking 0

Banking Stranded Assets Climate Change 0