Danske Bank Quits New Fossil Fuel Financing

This article was written by Mitchell Beer and originally published in The Energy Mix on January 23, 2023. Denmark’s biggest bank has declared an end to fossil fuel financing, after concluding that 99.9% of its carbon footprint comes from financed emissions. Danske Bank supports “an orderly transition to low-carbon economies and will, for that reason,…

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Europe’s Biggest Pension Fund Issues ESG Warning to Banks

This article was written by Frances Schwartzkopff and initially published in Bloomberg on January 23, 2023. One of Europe’s biggest investors is putting banks on notice and may start exiting the sector unless it sees proof that claims of portfolio decarbonization are matched by action. “The financial sector has really lagged,” said Dominique Dijkhuis, a member…

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NYC 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…

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Why 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…

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New French law will require parking lots to install solar panels

This article was written by S. Dent and originally published in Engadget on November 9th, 2022. In 2020, France was the only EU nation not to meet its obligations for the development of renewable energy, as it still relies primarily on nuclear power. Now, the French Senate has approved a bill that should increase that markedly, requiring…

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Stop Greenwashing, Set Regulated Net-Zero Targets, McKenna Task Force Urges

This article was written by Mitchell Beer and originally published in The Energy Mix on November 9, 2022. Climate science and the depth of the climate emergency demand that industries, financial institutions, cities, and regions commit fully to real net-zero targets, end new fossil fuel investment, stop greenwashing their activities, start lobbying for rather than…

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Canada 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…

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