Posts Tagged ‘fossil fuels’
Is one of Canada’s largest pension funds quietly divesting from fossil fuels?
This article was written by Paul Burns, Aislinn Clancy, and Melissa Rosato and originally published in Corporate Knights on August 9th 2022. As the burning of fossil fuels presents us with yet another summer of catastrophic impacts, the pressure is growing for institutional investors to either phase out their oil, gas and coal and pipeline…
Read More‘Impossible to track’ climate action of Canada’s 2T pension industry: study
This article was written by Jeff Lagerquist and originally published in Yahoo Finance on July 22, 2022. Climate progress at Canada’s largest pension funds is “impossible to track,” according to a new study calling for greater transparency from an industry that manages more than $2 trillion in assets on behalf of millions of Canadians. Many…
Read MoreFossils Won’t Hit 2030 Carbon Target Without Cutting Production, Federal Analysis Shows
This article was originally published in The Energy Mix on June 14, 2022. Internal analysis by federal officials raises tough questions about whether the Canadian fossil industry can achieve the 81 megatonnes of emissions cuts the Trudeau government has promised by 2030 without cutting production, according to confidential documents obtained by the Globe and Mail.…
Read MoreCanada’s banks and pension funds are financing a climate disaster
This article was written by Alan Andrews and originally published by EcoJustice on June 8, 2022. The dark money behind fossil fuels Climate change is an existential threat to the future of humanity and all life on earth. But there is a clear solution to averting the climate disaster – stop consuming fossil fuels and…
Read MoreEMAIL CALIFORNIA LEGISLATORS: VOTE YES TO DIVEST!
The following message was written by Stand.Earth: We are facing the immediate and ever-growing impacts of climate change on our health, safety, and our biosphere. Despite California’s historic carbon reduction goals, the state’s massive retirement pension funds are actively investing billions in the very fossil fuel companies powering the climate crisis. In 2022, CalPERS and CalSTRS…
Read MoreA DECADE OF SUCCESSES AGAINST FOSSIL FUEL EXPORT PROJECTS IN CASCADIA
This article was written by Emily Moore and originally published by the Sightline Institute on June 1, 2022. Since 2012 fossil fuel executives from dozens of companies, including Kinder Morgan, Pembina Pipeline Corporation, and Enbridge, have schemed more than 50 large projects to export coal, oil, gas, or their derivatives from Cascadia’s coast in British…
Read MoreGreenhouse gas removal ‘not a silver bullet to achieve net zero’
This article was written by Helena Horton and originally published in The Guardian on May 30, 2022. Many of the UK’s top scientists working on carbon capture technologies do not believe they will be developed and scaled up in time to reach net zero and limit global heating to 1.5C. Experts speaking at a Greenhouse Gas…
Read MoreAlberta Oil Operations Leak Billions of Litres of Toxic Waste Per Year, Study Finds
This article was written by Gaye Taylor and originally published in The Energy Mix on May 27, 2022. Forty years of largely unregulated growth have left 1.4 trillion litres of toxic tar sands/oil sands tailings sloshing around in “ponds” on the shores of the Athabasca River, devastating ecosystems and First Nations communities with neither plan…
Read MoreIEEFA: Canada’s major banks continue funding oil and gas companies despite growing concerns over decommissioning liabilities
This article was written by Omar Mawji and originally published in the IEEFA on May 25, 2022. May 25, 2022 (IEEFA)—Oil and gas companies across western Canada are unable to meet their share of the total $72 billion in future decommissioning obligations even if oil prices stay above $85 per barrel, according to a new…
Read MoreRenewable-powered zero-emissions electricity is possible, reliable and affordable, modelling shows
This executive summary was originally published by the David Suzuki Foundation on May 25, 2022. VANCOUVER | TRADITIONAL, UNCEDED TERRITORIES OF THE xʷməθkʷəy̓əm (MUSQUEAM), Sḵwx̱wú7mesh (SQUAMISH) AND səlilwətaɬ (TSLEIL-WAUTUTH) FIRST NATIONS — Reaching zero-emissions electricity by 2035 is not only possible; it can also be reliable and affordable. That’s according to a David Suzuki Foundation modelling…
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