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Vast 'stranded assets' if world continues investing in polluting industries

Science Daily / Earth & Environment

Continued investment in carbon-intensive industries will drastically increase the amount of 'stranded assets' as the world moves to net-zero emissions, researchers warn.

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Is the LNG industry gaslighting the path to net-zero?

Corporate Knights

Ottawa is currently developing a transition taxonomy – essentially a guideline as to which types of investments are appropriate in the transition to a net-zero economy. However, natural gas still produces CO2 emissions and expanding supply and demand is inconsistent with net-zero plans.

Net Zero 360
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How to Re-establish the UK’s Lead on Climate Change

Chris Hall

Former chair of the Committee on Climate Change Lord Deben believes the country can get back on track to net zero and regain its status as a global leader. The new government must rectify this and produce a detailed, complete programme showing how it will reach net zero by 2050,” he advised. It’ll be a mess.”

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Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

Canada ’ s big banks, pension funds and insurance companies are members of the Glasgow Financial Alliance for Net Zero (GFANZ), under which they have committed to bring their investment and lending practices in line with a net-zero economy by 2050. Senator Rosa Galvez is also critical of the regulator ’ s approach.

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BP hits the brakes on transition away from fossil fuels

Corporate Knights

The company was one of the first oil majors to commit to being net-zero in 2050 and was showing signs it was open to speeding up its transition to a low-carbon future. The company is still committed to being net-zero by 2050, but observers say it’s a lot harder to see a pathway to reach such a goal without a stronger target for 2030.

Net Zero 337
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‘Extraordinary growth’ in clean energy is keeping the ‘narrowed’ pathway to 1.5 ?C open: IEA

Corporate Knights

trillion by the early 2030s in the latest net-zero roadmap published this morning by the International Energy Agency. Extraordinary Growth’ in Clean Energy Tech The IEA roadmap is an update of the landmark Net Zero by 2050 scenario that the Paris-based agency first published in May, 2021. trillion in 2023 to $4.5

Net Zero 317
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Larry Fink says accelerate. He needs to say it much louder

GreenBiz

Every dollar not spent in new ways to cut GHG and to stop the voracious linear economy is investing in future stranded assets. He wants us to embrace the opportunity of climate change and investing; climate risk is investment risk.

Net Zero 406