Posts Tagged ‘fossil fuels’
Danske Bank Position on Fossil Fuels
Danske Bank, a Danish banking company recently published a statement outlining its position on fossil fuel investments. To read this statement, click here.
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 More100 UK universities pledge to divest from fossil fuels
This article was written by Helena Horton and originally published in The Guardian on October 27, 2022. One hundred universities in the UK have pledged to divest from fossil fuels, the Guardian can reveal. This equates to 65% of the country’s higher education sector refusing to make at least some investments in fossil fuel companies,…
Read MoreOilsands Alliance Failing to Invest in Carbon Cuts, Report Finds
This article was written by Mitchell Beer and originally published in The Energy Mix on September 25, 2022. Canadian fossils are steadfastly refusing to invest significantly in new decarbonization projects, even though they’re flush with record amounts of cash, the Pembina Institute reports in a scathing analysis released last week. “Canadian oil and gas companies’…
Read MoreA fine line’: Canada’s big banks have long stood by the oilpatch, but ESG pressures are changing things
This article was written by Barbara Shecter and originally published in the Financial Post on August 22, 2022. If you want to understand the sway Canada’s energy sector has historically held over the country’s big banks, you need only look back a few years to a controversy stirred up when Canadian Imperial Bank of Commerce…
Read MorePrivate Equity Should Take the Lead in Sustainability
This article was written by Robert G. Eccles, Vinay Shandal, David Young, and Benedicte Montogomery and originally published in Harvard Business Review in the July – August 2022 magazine. Despite their reputation in the 1980s as corporate raiders, most private-equity firms attempt to improve the performance of their portfolio companies through better corporate governance. Historically their business…
Read MoreWHO, 192 Global Health Associations Back Fossil Fuel Phaseout
This article was initially published in The Energy Mix on September 15, 2022. The World Health Organization and nearly 200 global health associations have endorsed the Fossil Fuel Non-Proliferation Treaty (FFNPT), calling for an end to new fossil infrastructure and a “fair and equitable” phaseout of existing production. “The modern addiction to fossil fuels is…
Read MoreFloods, droughts, storms will cost Canadian economy $139B in next 30 years, report says
This article was originally published by The Canadian Press in CBC on August 29, 2022. Floods, droughts and major storms that wash out highways, damage buildings and affect power grids could cost Canada’s economy $139 billion over the next 30 years, a new climate-based analysis predicts. The report, titled Aquanomics, was published Monday by GHD, a…
Read MoreCarbon capture has a long history. Of failure.
This article was written on September 2, 2022, by Bruce Robertson and originally published in the Institute for Energy Economics and Financial Analysis. Carbon capture and storage is an old technology, first commercialized in the 1970s. Back then it was called enhanced oil recovery, because the carbon dioxide recovered from oil and gas production was…
Read MoreStudy Finds World Can Switch to 100% Renewable Energy and Earn Back Its Investment in Just 6 Years
This article was written by Jessica Stewart and originally published in My Modern Met on August 4th, 2022. With energy and fuel costs at an all-time high, the world is seeking cost-effective solutions for moving away from oil and gas for energy needs. Luckily, a new study by Stanford University says that it might not be as…
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