Posts Tagged ‘fossil fuel divestment’
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,…
Read MoreEurope’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…
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 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 MoreGiving up on 1.5C climate target would be gift to carbon boosters, says IEA head
This article was written by Fiona Harvey and originally published in The Guardian on November 30th, 2022. The world can still limit global heating to 1.5C, and to claim that the target is now out of reach is to play into the hands of fossil fuel proponents, the world’s leading energy economist has warned. Fatih…
Read MoreIf oil and gas companies aren’t cutting emissions at peak profits, when will they get in the game?
This article was written by Laura Cameron and published by CBC on November 17, 20202. Canadian oil and gas companies were in Egypt last week for the global climate summit COP27 — among some 636 fossil fuel lobbyists — to position themselves as leaders in industry emissions reductions at an event hosted by the Canadian government. What was not…
Read MoreNew 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…
Read MoreStop 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…
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…
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