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Dutch Pension Giant PFZW Divests 98% of Oil and Gas Companies over Lack of Climate Action

ESG Today

In a blog post announcing the divestments, PFZW described the remaining companies as “fully committed to the transition from fossil energy to renewable energy or are currently already producing mainly energy with a low carbon footprint.” Overall, PFZW exited its investments in 310 companies, selling €2.8 billion of securities.

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Take Five: Immediately and Gradually

Chris Hall

Immediately and gradually – The IMF’s latest World Economic Outlook calculated that keeping on track to meet the goals of the Paris Agreement by 2030 would cost between 0.15-0.25% Divestment from Russian investments was a complex affair and an incomplete one. 0.25% of GDP growth and an additional 0.1-0.4% of inflation a year. “If

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Take Five: No Magic Green Wand

Chris Hall

Missed opportunity – How many green-tinged U-turns can we fit into one blog? This principle led the scheme to exit all holdings in upstream oil and gas majors by September last year, on the basis that such firms “ simply refuse ” to alter their course in a manner consistent with the goals of the Paris Agreement. Just one more.

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From China’s stand to Walmart’s wish list: A Climate Week news cheat sheet

GreenBiz

The intention is to align its portfolio with the goals of the Paris Agreement. Newsom also was named to a two-year term as co-chair of the Under2 Coalition, a network of states and regions looking to integrate the Paris Agreement goals with a mind to social justice. . On the other side of the U.S., New York Gov.