Posts Tagged ‘oil sands 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 MoreHSBC to end funding for new oil and gas fields
This article was written by Esme Stallard and originally published by BBC on December 14, 2022. HSBC has announced it will stop financing new oil and gas fields, as part of its efforts to drive down global greenhouse gas emissions. Environment groups said the move sends “a strong signal” to fossil fuel giants that investment…
Read MoreDanske 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 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 MoreOilsands Won’t Meet 2030 Emissions Cap Before 2035
This article was originally published in the Energy Mix on January 5th, 2023. With investors elsewhere turning up the heat on fossil companies to declare firm climate goals for the end of this decade, the Pathways Alliance is admitting it won’t likely comply with its 2030 emissions cap until 2035 at the earliest. In London,…
Read MoreCanada’s largest pension plans ramp up investing in offshore wind projects
This article was written by James Bradshaw and originally published in The Globe and Mail on December 30th, 2023. One of the next frontiers for clean energy that is attracting investment dollars from Canada’s largest pension plans is just out of sight to the naked eye onshore, in an expanse of ocean water 32 kilometres…
Read MoreHuge opportunities and huge threats loom for US clean energy in 2023
This article was written by Jeff St. John and originally published in Canary Media on January 2, 2023. It was the best of times, it was the worst of times. Observers of U.S. clean energy markets might be feeling like they’re trapped in a Dickens remake: A Tale of Two Diverging Market Trends. Never have the long-term prospects…
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…
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