Posts Tagged ‘Fossil Fuel’
IEEFA U.S.: Experts offer testimony on Maine fossil fuel divestment planning
The article was written by Tom Sanzillio and Dan Cohn and originally published in IEEFA on February 28, 2022. February 28, 2022 (IEEFA) – Maine officials have taken “a responsible first step” in complying with new legislation requiring the state to divest from fossil fuel investments, but care should be taken to ensure that its…
Read MoreReport Suggests Path to Phase Out Canadian Fossil Subsidies by 2023
This article was published first in The Energy Mix on February 20, 2022. Canadian government policies should be geared toward preparing industries and citizens to thrive in a low-carbon economy, concludes a new assessment of the country’s current approach to phasing out fossil fuel subsidies. “Whereas the debate has tended to focus on what does…
Read MoreFaster Climate Action Can Smooth Out Financial Sector Shocks in Shift Off Carbon
This article was sourced from The Energy Mix and written by Ian Bickis. Canada’s financial sector could be exposed to significant economic shocks from the transition to lower emissions, but faster climate action can smooth out those impacts, according to early scenario modelling from the Bank of Canada and the banking regulator. The pilot study…
Read MoreNew ESG obligations loom large for Canadian finance
This article was written by Jeffrey Jones and originally published in The Globe and Mail on January 5, 2022. BlackRock Inc told CEOs that their companies had concrete plans to thrive in a low-carbon economy lest they face a proxy vote against management or disinvestment. It was the year of discussion in sustainable finance in…
Read MoreFossil Emissions Cap, 75% Methane Cut Lead Guilbeault’s 39-Point Mandate Letter from Trudeau
This article was written by Mitchell Beer and originally published to The Energy Mix on December 17, 2021. A cap on oil and gas emissions, a 75% methane reduction this decade, a net-zero electricity grid by 2035, a mandated 50% target for electric vehicle sales by 2030, and a renewed commitment to international climate finance…
Read MoreDemand for fossil fuels poised to drop as Canadians embrace electric vehicles, energy regulator predicts
This article was written by Emma Graney and published in The Globe and Mail on December 10, 2021. Canadians’ use of fossil fuels will fall by more than 40 per cent by 2050, according to a new report by the Canada Energy Regulator, driven largely by a move away from gasoline and diesel as consumers…
Read MoreCanada’s Big Oil Reality Check: Major oil and gas producers undercut Canada’s commitment to 1.5ºC
This article was produced by Oil Change International and Environmental Defence Canada and published by them on November 3, 2021. Our new report “Canada’s Big Oil Reality Check” finds that the climate plans of major oil and gas companies operating in Canada rank among the worst worldwide and will accelerate the climate crisis rather than help…
Read MoreThe Goldilocks predicament: For oil and gas, there are no “just right” prices
This article was written by Clark Williams-Derry and originally published in IEEFA on November 19, 2021. North America’s oil and gas sector is patting itself on the back for dramatic improvements in its financial performance last quarter. With prices at a seven-year high, fossil fuel companies are finally generating cash—and stock market investors are rewarding…
Read MoreHalf world’s fossil fuel assets could become worthless by 2036 in net zero transition
This article was written by Jonathan Watts, Ashely Kirk, Niamh McIntyre, Pablo Gutierrez, and Niko Kommenda and published in The Guardian on November 4, 2021. About half of the world’s fossil fuel assets will be worthless by 2036 under a net zero transition, according to research. Countries that are slow to decarbonise will suffer but early movers will…
Read MoreIEEFA: Divestment, transition from fossil fuels converging to create renewables opportunity
The following remarks were stated by Tom Sanzillo on October 27, 2021, and published in the IEEFA. Remarks of Tom Sanzillo, IEEFA’s director of financial analysis, at the launch of a report by Divest-Invest finding $39.2 trillion in assets have been committed to some form of fossil fuel divestment. The report was a joint effort by…
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