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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. Follow the money, indeed. Corporate Strategy.
For example, an asset manager may have a limited carbon footprint and can appear to be on track to net zero by divesting its high-carbon assets, however such action is effectively passing the problem onto someone else. At the end of its formal mandate, the taskforce plans to publish a document setting out a forward pathway.
The last act of the IPCC’s Sixth Assessment Cycle, which started in 2015, the summary will outline our progress, or otherwise, in fulfilling the obligations of the ParisAgreement. IPCC Chair Hoesung Lee said it would become “a fundamental policy document for shaping climate action in the remainder of this pivotal decade”.
The House Committee on Oversight and Accountability held a second round of ESG-related hearings in which Republicans voiced their reasons for concern, which included the argument that pursuing climate action was unconstitutional and undemocratic, as Congress had not ratified the ParisAgreement.
University activists are increasingly citing the oil and gas industry’s targeting of kids in the classroom as another reason to divest from fossil fuels. The divestment solution. Divestment is an increasingly popular approach to combating the fossil fuel industry’s influence. The case for divestment is persuasive.
The final agreement requests parties to come to COP27 next year in Egypt with updated plans on how to slash greenhouse gas emissions by 2030. Under the ParisAgreement, countries were only obliged to update their goals by 2025. trillion in assets, have committed to divest. In a first-of-its-kind lawsuit in the U.S.,
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