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The clean energy transition is happening faster than predicted, with renewable deployment rates growing in line with the International Energy Agency’s scenario for reaching net-zero by 2050. While Canadian energy majors have paid lip service to the idea of becoming “net-zero,” their current climate strategies amount to delay tactics.
BASF resists the characterization, pointing to its track record – since 1990, the company has reduced its greenhouse gas emissions by 50% – and its objective to achieve net-zero by 2050 (five years later than the German national target of 2045).
In 2008 Mark Lynas , a science writer, published his book Six Degrees: Our Future on a Hotter Planet. In the twelve years since the first book was published, the situation has not improved. His book lays out the scenarios for an increase of 1,2, 3 and more degrees Celsius. A system change compass. We still have options.
The AG letter contends that BlackRock’s commitment to accelerate netzero emissions across all of its assets, regardless of client wishes, is somehow political or unfair to clients who don’t want to invest in the energy transition. Inspire ETFs reflect pretty extreme views on abortion and LGBTQ+ rights in my book.
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