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HSBC to stop financing new oil and gas fields except in Canada

Corporate Knights

“It’s a hugely important symbolic step,” says Matt Price, director of corporate engagement for Investors for Paris Compliance, a group that focuses on the financial industry response to the Paris Agreement climate accord. Matt Price, director of corporate engagement for Investors for Paris Compliance.

Net Zero 313
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Are lawyers and accountants doing enough on climate change?

GreenBiz

The mere existence of these documents, and the campaigns behind some of them, represent another broadening of the conversation, a clarion call for nontraditional business players to lead, or at least not hinder, efforts to address the climate crisis. That, too, is ramping up.

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Standard Chartered to Engage with all Priority Clients in High-Emitting Sectors Over Next 12 Months

ESG Today

International banking group Standard Charteredannounced the release of its inaugural Transition Plan, outlining its detailed plan to achieve its climate goals, including its target to reach net zero emissions across its financing activities by 2050.

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Take Five: A Victory for Vigilance

Chris Hall

The UKs finance sector appears to see things differently, with its banks taking their lead from their American counterparts, while its institutional investors are increasingly turning their eyes to Europe. In its latest recommendations , the UKs Climate Change Committee (CCC) does not comment directly on the adequacy of these two documents.

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

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

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Loud and Clear

Chris Hall

Market participants are paying special attention to the transparency of covenants, transaction documents and use of proceeds. “To When issuers are first raising money, we are in a better position to push our ideas, as well as talk to the wider circle of banks and debt capital markets to adapt best practices,” he says.

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Reform in a Storm

Chris Hall

The group plans to accelerate institutional investment in EMDEs over the next three years.