On Tuesday, Standard Chartered stated, by 2024 it will $75 billion in financing towards clean energy projects and sustainable development. The development sees Standard Chartered aligning its aspirations in support of the Paris Agreement on climate change. In a statement,… Read More ›
On Monday, Australia’s QBE Insurance Group stated, climate change is likely to make a group of insurance premiums unaffordable for customers who are exposed to extreme weather events. As a result, there is “material risk” for its operations across the… Read More ›
On Thursday, Haruhiko Kuroda, the Governor of the Bank of Japan stated, central banks are facing new issues from climate-related risk which must be mitigated to maintaining financial stability. “Natural disasters, such as the strong typhoon that struck Japan in… Read More ›
In a development that marks growing awareness towards climate change, on Monday, Qantas Airways Ltd pledged to slash its carbon emissions to net zero by 2050. Its pledge comes in the wake of IAG also doing the same. “We’re doing… Read More ›
This is a milestone for the electric vehicle industry in the U.S. In a significant development, there has been a breakthrough in talks with major automakers agreeing to a deal with the state of Colorado wherein the state will adopt… Read More ›
Plans are afoot to get bipartisan backing for this bill. On Thursday, two Democratic U.S. senators are set to unveil a bill which aims to reduce climate change by slapping a fee on oil, natural gas and coal; the bulk… Read More ›
ExxonMobil along with 4 other companies have been removed from its board following non-compliance to key minimum requirements, including on emissions reporting and targets. In a significvant development, the Legal & General Investment Management, Britain’s biggest asset manager, has dumped… Read More ›
Not only is such funding not aligned with Britain’s efforts to reduce greenhouse gases and carries risks for taxpayers but also as a result of stricter emission reduction targets, and as renewable energy becomes cheaper, companies could be left with… Read More ›
Two group of investors, who have a combined total of $1.9 trillion assets under management are pushing Exxon Mobil Corp to address significant climate risk concerns. According to two groups of investors, Exxon Mobil Corp is attempting to block an… Read More ›
Although LNG will largely replace coal in the global energy mix, the forecast growth trajectory for CO2 emissions has been once again tied down to the oil and gas industry. These emissions are “far out of step” based on current… Read More ›
