Adapt to Survive: Why Oil Companies Must Plan for Net Zero and Avoid Stranded Assets
Environmental News Bits
SEPTEMBER 29, 2021
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Document Net Zero Stranded Assets 
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‘Extraordinary growth’ in clean energy is keeping the ‘narrowed’ pathway to 1.5 ?C open: IEA
Corporate Knights
SEPTEMBER 27, 2023
trillion by the early 2030s in the latest net-zero roadmap published this morning by the International Energy Agency. C has narrowed in the past two years, but clean energy technologies are keeping it open,” said IEA Executive Director Fatih Birol, in a release summarizing the 227-page document. trillion in 2023 to $4.5
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Energy Efficiency Must Move “Higher up the Agenda”
Chris Hall
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Research by the International Energy Agency (IEA) shows that a major push on energy efficiency could save the equivalent of China’s annual energy usage, as well as 33% of the total additional net zero emission reductions required by 2030. It is also a positive stimulator of growth.”
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Envirotec Magazine
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iv In 2023, the International Maritime Organization (IMO) set a target of achieving net zero emissions by 2050. Roger Holm, President of Wärtsilä Marine & Executive Vice President at Wärtsilä Corporation says: “Achieving net zero in shipping by 2050 will require all the tools in the toolbox, including sustainable fuels.
IPCC issues final warning about ‘rapidly closing window of opportunity’
Corporate Knights
MARCH 20, 2023
Delaying those actions “would lock in high-emissions infrastructure, raise risks of stranded assets and cost escalation, reduce feasibility, and increase losses and damages.” But some meeting participants warned that those delays are baked into the process by some of the key assumptions in the IPCC’s modelling. Overshooting 1.5°C
Pushback for Canada’s Transition Taxonomy
Chris Hall
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CCUS and blue hydrogen inclusion seen as slowing Canada’s net zero transition, while finance leaders urge stakeholders to “get on with it”. Produced by Canada’s Sustainable Finance Action Council (SFAC) , the proposed framework outlines two categories for sustainability-focused investments.
At long last, Canada restricts oil and gas subsidies (except for all the loopholes)
Corporate Knights
JULY 25, 2023
The policy won’t affect money that has already gone out the door or commitments that have already been signed, there is no published calculation of the future subsidies that will now be foregone, and the documents provide no cost figures for 129 non-tax measures that could be shifted as a result of this week's announcement.
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