A campaign to pressure major companies worldwide to reveal their environmental impact says that 1,600 companies, including ExxonMobil and Saudi Aramco, are still not disclosing enough info to investors.
A peer-reviewed paper says climate solutions that only cut emissions — like carbon capture or carbon offsets — will do nothing to address longstanding U.S. environmental racism. Instead, a fossil fuel phaseout and a more comprehensive set of solutions is needed.
The divestment of European banks from fossil fuels projects is slowly but gradually gathering pace, a director at BlackRock, the US investment management firm, said at the Flame Conference in Amsterdam.
A massive expansion of China’s gas pipeline network threatens climate goals and creates a $89.1 billion stranded asset risk, showed a new survey, but some in the industry are not taking such warnings seriously.
Some in the oil industry are blaming heightened investor concern over environmental issues as a cause for a shrinking pool of capital, which is leading to supply problems, but experts say the causes are multi-faceted.
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