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Is one of Canada’s largest pension funds quietly divesting from fossil fuels?

Corporate Knights

The sale marks the third time in the last year that OMERS has divested a major fossil fuel asset. . As pension plan members, we’ve been asking OMERS to either demonstrate how its fossil fuel assets have credible decarbonization pathways or divest them. To limit global heating to 1.5°C, And OMERS might finally be listening. .

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Clean 200 list shows sustainable companies on path to dominate global economy

Corporate Knights

Clean200 data show that for the large companies that make up 80% of global market capitalization, sustainable revenues and capital expenditures are growing more than twice as fast as all other revenues over the past five years. They include sustainably certified tech hardware, electric vehicles and electric rail equipment.

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NYC Proposes Ban on Investments in Fossil Fuel Infrastructure for Pension Funds

ESG Today

The proposal follows decisions by the pension funds to divest from fossil fuel reserve owners in their public equities portfolio in 2018, and to exclude upstream fossil fuel investments, including exploration and extraction, in their private markets investments in 2023.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 They can also divest from high-emitting industries such as thermal coal production. trillion USD in fossil fuels.

Net Zero 113
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More Ambition Needed from AMs on Fossil Fuels

Chris Hall

As such, the role of fossil fuel energy should diminish as renewable capacity is upscaled. Asset managers also argue that divestment does not work, and that they lose influence when they exit fossil fuel companies.

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GFANZ Launches Consultation on Transition Finance Strategies and Measuring the Impact on Emissions

3BL Media

In 2022, GFANZ identified four strategies necessary for financing a whole economy transition to net zero, which collectively comprise “Transition Finance.” These are defined as financing or enabling: The development and scaling of climate solutions; Assets or companies already aligned to a 1.5

Net Zero 113
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An Integrated Transition

Chris Hall

The resources included deep-dive guidelines for seven sectors – including asset owners, asset managers and banks; high-level guidance for 30 sectors of the global economy; and advice on how to undertake a transition planning cycle. At the core of the centre’s thinking is the integrated transition-planning ecosystem.