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Zero: Oil industry’s plan for climate action? More fossil fuels

Corporate Knights

Not only have global oil producers generally failed to invest substantially in renewable-energy technologies; now they’re reneging on their green commitments. When you look at the oil industry’s efforts to decarbonize, the results are lacklustre.

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High Cost of Decarbonization, ‘Green on Green’ Conflicts Holding Back Progress on Global Net Zero Goals: KPMG Report

ESG Today

On the industrial side, while noting the early success of some sectors, such as the automotive sector to scale up adoption of electric vehicles, the report also high cost and low availability of green fuels holding back the pace of adoption in high emitting sectors such as aviation and shipping.

Net Zero 105
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Here’s How Amazon’s Sustainability Pledge Is Going, 5 Years After Jeff Bezos Promised To ‘Beat The Paris Agreement’

We Mean Business Coalition

This article was first published in Forbes Today 100 CEOs announced a push for governments to boost the business case for green investment, in the run-up to COP29 in Azerbaijan. C global warming target. Half a decade later and the Climate Pledge is one of the largest corporate climate initiatives out there.