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BoE's Breeden warns against 'paper decarbonisation'
01 June 2022There is a risk of a failed energy transition if financial institutions do not back up their transition plans with investment to decarbonise heavy-emitting activities, a senior Bank of England official has warned.
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Investors warned of plastics industry's pollution 'ambivalence'
30 May 2022Investors in the European plastics industry have been warned of its 'ambivalence' towards the pollution problem, with the sector named as a 'high risk option'.
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Exxon shareholders support net-zero scenario report
26 May 2022Shareholders at US oil & gas supermajor ExxonMobil have voted in favour of a resolution to report on a net-zero by 2050 scenario.
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M&G faces shareholder backlash on its climate transition plan
26 May 2022One-fifth of shareholders reject net-zero emissions commitments
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HSBC rejects comments by its head of RI about climate
23 May 2022HSBC has distanced itself from the remarks of a senior employee who delivered a controversial speech about 'Why investors need not worry about climate risk'.
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US Treasury 'watching with interest' investor transition planning
19 May 2022Investors' work to assess and influence companies' decarbonisation plans is increasingly being watched by regulators as they study how to improve such approaches, a senior official at the US Treasury has said.
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Gas inclusion would 'debase' UK taxonomy
16 May 2022The UK has been warned that including natural gas in its taxonomy of green activities would "debase" the exercise, and waste an opportunity to show leadership on sustainable finance.
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AXA IM Alts contributes to $150m carbon capture company funding
12 May 2022Carbon Clean aims to tackle challenges of carbon capture utilisation and storage
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Carney: Some fossil fuel investment justified
11 May 2022The transition to a net-zero carbon economy requires "nothing short of a revolution", although some limited investment in fossil fuels is justified in the short term, Mark Carney has said.
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Allianz to halt investments in new oil and gas fields
03 May 2022And will require 'net-zero by 2050' commitment from hydrocarbon producers