Remove Banking Remove Development Remove Stranded Assets
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Report highlights UK and US financial institutions’ contribution to Amazon deforestation

Envirotec Magazine

The report’s authors appear to demonstrate how this resistance will escalate as new leases are sold and crude oil projects are developed, threatening the long-term viability of projects and investments. We won’t permit the investments of private banks for these kinds of activities.”

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Stranded Workers a Risk in Unjust Transition

Chris Hall

Workers, suppliers, communities and consumers should not be forgotten by institutional investors when developing net zero transition strategies. . The report was prepared for the Financing a Just Transition Alliance , which is a coalition of 40 banks, investors and other institutions, led by LSE GRI. . Future iterations .

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CAFA to Catapult Canada to Climate Leader

Chris Hall

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
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Investors to Hold US Banks and Insurers to Account on Climate

Chris Hall

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
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“Huge Disconnect” Between Financiers and Scientists on Climate Risk  

Chris Hall

A groundswell of concern is developing around the soundness of economic research used to underpin climate-related risk and investment models. In February, ESG Investor reported on the limitations of climate scenarios issued by financial regulators and central banks.

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The High Cost of Climate Inaction

3BL Media

Financial institutions that start with managing their own footprint and supply chains will deliver limited climate impact compared to aligning their balance sheets to lower emissions investments that embed resilience and minimize their exposure to stranded assets.

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GFANZ to Direct Private Finance to Support NDCs – Carney

Chris Hall

Ex-BoE chief calls for “radical new approach” to mobilising investment in emerging and developed markets; also warns of stranded assets. Given the enormous resources of GFANZ, a radical new approach to mobilising private capital investment in emerging markets and developing economies can be developed,” he said.