Posts Tagged ‘Canada’
HSBC to end funding for new oil and gas fields
This article was written by Esme Stallard and originally published by BBC on December 14, 2022. HSBC has announced it will stop financing new oil and gas fields, as part of its efforts to drive down global greenhouse gas emissions. Environment groups said the move sends “a strong signal” to fossil fuel giants that investment…
Read MoreNYC Comptroller Lander and City Pension Funds Call on Major U.S. and Canadian Banks to Set Absolute GHG Emissions Targets for High Emitting Sectors
This statement was originally published by the New York City Comptroller on January 24, 2023. New York, NY – Today, New York City Comptroller Brad Lander and three of the New York City Retirement Systems (the New York City Employees’ Retirement System, Teachers’ Retirement System, and Board of Education Retirement System) announced shareholder proposals at Bank of America, Goldman…
Read MoreOilsands Won’t Meet 2030 Emissions Cap Before 2035
This article was originally published in the Energy Mix on January 5th, 2023. With investors elsewhere turning up the heat on fossil companies to declare firm climate goals for the end of this decade, the Pathways Alliance is admitting it won’t likely comply with its 2030 emissions cap until 2035 at the earliest. In London,…
Read MoreCanada’s largest pension plans ramp up investing in offshore wind projects
This article was written by James Bradshaw and originally published in The Globe and Mail on December 30th, 2023. One of the next frontiers for clean energy that is attracting investment dollars from Canada’s largest pension plans is just out of sight to the naked eye onshore, in an expanse of ocean water 32 kilometres…
Read MoreWhy Canada Needs to Plan for a Steep Decline in Global Oil Demand
This piece was written by Aaron Cosbey and originally published in the International Institute for Sustainable Development on September 16, 2022. Summary International Energy Agency scenarios project a decline in oil demand globally as climate policies intensify. Canada’s own energy body, the Canada Energy Regulator, shows a projected decline in Canadian production. Decline in oil…
Read MoreGuilbeault optimistic about targets even as Canada’s emissions rebound post-pandemic
This article was written by Mia Rabson and was originally published in CBC on November 11, 2022. Canada’s carbon dioxide emissions crept back up in 2021 after falling sharply during the first year of COVID-19, and experts believe they will go up even further this year as the return to normal has accelerated. The European…
Read MoreCanadian Pension Fund Rejects Divestment, Takes Fire for Fossil ‘Entanglement’
This article was written by Gaye Taylor and originally published in The Energy Mix on November 2, 2022. The CEO of the pension fund that controls retirement investments for 21 million Canadians has reconfirmed his position that “engagement,” not divestment from fossil fuel companies, is the right way forward during the global energy transition. John…
Read MoreCanada Pitches European Gas Exports, But Europe Won’t Be Buying
This article was written by Mitchell Beer and originally published in The Energy Mix on November 2, 2022. Canadians are being sold on a future of natural gas exports to Europe just as European countries speed up their exit from all fossil fuels, says a leading energy transition researcher who’s just finished a series two-week…
Read MoreCaisse Invests Up to $474M in Japanese Renewables Firm
This article was originally published in The Energy Mix on October 26, 2022. The giant Caisse de dépôt et placement du Québec (CDPQ) is investing up to US$474 million, or 70 billion Japanese yen, in a company that got its start as a search for energy alternatives in the wake of the Fukushima nuclear disaster…
Read MoreCarbon emissions from energy to peak in 2025 in ‘historic turning point’, says IEA
This article was written by Jasper Jolly and originally published in The Guardian on October 27, 2022. Global carbon emissions from energy will peak in 2025 thanks to massively increased government spending on clean fuels in response to Russia’s invasion of Ukraine, according to analysis by the world’s leading energy organisation. The International Energy Agency (IEA) said that…
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