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Pension funds must do more to push for low-carbon transition, says Lord Deben
14 May 2020The chair of the influential UK Committee on Climate Change (CCC) said the financial sector is beginning to take environmental concerns more seriously, but more has to be done.
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European oil majors climate pledge disappointment continues
13 May 2020Despite progress from European oil majors in strengthening their climate ambitions, analysis by the Transition Pathway Initiative (TPI) concluded that none are yet on the path to net-zero emissions.
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Transition-focused index backed by Church of England pension
30 January 2020The pension board of the Church of England (CofE) has allocated £600 million ($780 million) to a fund tracking a first-of-its-kind, custom-made, climate transition index, and issued a rallying call for other pension funds to follow.
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HSBC: Risk of stranded assets in oil and gas 'very limited'
22 January 2020HSBC has downplayed the risk of 'stranded assets' in the oil and gas sectors, pointing to the likelihood of continuing reliance on the industry for decades
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Investors welcome strengthened Anglo American climate lobbying policy
23 December 2019Major investment firms have welcomed the mining giant Anglo American agreeing to align its lobbying activity to the goals of the Paris Agreement.
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Repsol commits to ‘positive’ climate lobbying following investor pressure
06 November 2019Spanish oil and gas company Repsol has committed to align its lobbying practices with the aims of the Paris Climate Agreement, in response to engagement by a group of European investors.
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No oil & gas company aligned with 2°C pathway, says TPI
18 September 2019None of the 50 largest oil and gas companies have aligned their emission intensity with a pathway that would keep global warming to 2°C, as called for in the Paris Agreement on climate change, according to the Transition Pathway Initiative (TPI).
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Green bond comment September: Are stringent standards a good thing?
04 September 2019Heads were turned when it was recently revealed that just 17% of the market value of bonds contained in the Bloomberg Barclays MSCI Green Bond Index would meet the proposed EU Taxonomy criteria – and thus be eligible to be verified in line with the EU Green Bond Standard (GBS).
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BAML reveals thoughts on transition bonds
26 August 2019Bank of America Merrill Lynch (BAML) has weighed in on the debate about the creation of a new market for transition bonds, suggesting that at least a quarter of the proceeds of bonds bearing this label should be used to finance green assets or projects.
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Fossil fuel issuer of ‘climate action’ bond reignites Repsol debate
27 February 2019A ‘climate action bond’ issued by natural gas infrastructure company Snam has reignited a debate around whether there is a place at the green bond table for fossil fuel firms.