ESG
The climate disclosure requirements are far weaker than originally outlined by the financial regulator two years ago.
A group of 27 investors, including Europe’s largest asset manager, have filed a shareholder resolution that calls on Shell to align its operations with the Paris Climate agreement.
The proposed Woodfibre LNG project has seen costs soar, and is not competitive with larger LNG projects on the U.S. Gulf Coast, despite generous public subsidies. Critics say it will not offer the economic benefit for which British Columbia is hoping.
The scenic Howe Sound, in British Columbia, has seen a stunning improvement in marine life. But this “success story” is under threat from the proposed Woodfibre LNG project, critics say.
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 environmental law charity is urging a UK court to reconsider its dismissal of the NGO’s landmark Shell lawsuit against the firm’s board of directors over alleged inaction against climate change.
Announcements of divestments that go viral on social media have a disproportionate impact on carbon intensive firms by causing oil major shares to tank.
Federal regulators dismissed environmental justice and climate concerns related to two large, proposed southern Texas LNG terminals.
Despite chronic air pollution and equipment malfunctions from an LNG terminal in Cameron Parish, more projects are moving forward.
The world-first Client Earth Shell lawsuit will have a ‘snowball’ effect, prompting other shareholder activist groups to take similar actions, say commentators.
The halt to HSBC oil and gas direct financing of new fields sets new standards for all banks committed to net zero, say experts.
A UN expert group is working on standards to ensure that the “avalanche” of net-zero commitments from non-state actors is not just a greenwashing exercise.
Even burning just the oil, gas, and coal in existing fields and mines would far exceed the carbon budget for a 50% chance of staying below 1.5°C warming, a new report has found.
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.