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This is why investors want financial regulators to tackle climate risk

GreenBiz

Many readers will be familiar with Lewis’s book "The Big Short," which documented how excesses in global credit markets spawned a worldwide financial crisis. Investors are already concerned about stranded asset risk in large swathes of the economy, such as energy, utilities, transportation and infrastructure.

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Adapt to Survive: Why Oil Companies Must Plan for Net Zero and Avoid Stranded Assets

Environmental News Bits

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Stranded in a Vicious Cycle? The Case for Transformation in Animal Agriculture

Environmental News Bits

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Current State of Water Stewardship Practices: Top 5 Questions Answered

3BL Media

CDP and Planet Tracker’s High and Dry: How Water Issues Are Stranding Assets , May 2022 report recognizes that “Water risk is already stranding assets across major sectors of the global economy.”. The data collected and the outcomes achieved can be fully documented in any standard ESG reporting frameworks.

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‘Extraordinary growth’ in clean energy is keeping the ‘narrowed’ pathway to 1.5 ?C open: IEA

Corporate Knights

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. These represent a stranded asset risk of hundreds of billions of dollars and potentially locking in tens of billions of tonnes of carbon dioxide (CO2) emissions.”

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

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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IPCC issues final warning about ‘rapidly closing window of opportunity’

Corporate Knights

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.