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CNP Assurances ends direct investment in oil & gas
17 February 2022CNP Assurances will no longer invest in new oil or fossil gas exploration or production projects,...
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PFZW to divest up to €4.5bn of fossil fuel companies
16 February 2022Dutch pension giant PFZW has said it will divest up to €4.5 billion ($5.1 billion) of assets in fossil fuel companies who fail to plan to decarbonise.
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NZBA pumped $38bn into oil and gas since launch
14 February 202225 members of the Net Zero Banking Alliance (NZBA) have financed at least $38 billion of oil and gas funding since the group's launch under a year ago, according to pressure group ShareAction.
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CA100+ investor welcomes BP's 'triple' net-zero target
08 February 2022The investor leading engagement with oil and gas giant BP has cautiously welcomed the company's plans to reduce to 'net zero' the greenhouse gas emissions from sales of its products, as well as its operations and production.
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BlackRock: Oil & gas holds transition opportunity
03 February 2022US asset manager BlackRock says the oil and gas sector provides one of three key opportunities for investors...
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Citi lays out initial net zero plan
20 January 2022US banking giant Citigroup has laid out its initial net zero plan, including 2030 emissions targets for its energy and power loan portfolios.
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Coal terminal developer issues 'ridiculous' sustainability-linked bond
19 January 2022An Indian port operator developing a coal terminal has sparked controversy after it raised $400 million from its debut sustainability-linked bond.
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Goldman Sachs: 'More nuanced' views on nuclear, gas after taxonomy inclusion
17 January 2022The inclusion of nuclear and gas power in the EU Taxonomy is likely to result in "more nuanced views" by investors around exclusions, according to Goldman Sachs,...
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Climate and social crises are top global threats for 2022
11 January 2022Climate action failure, extreme weather and biodiversity loss are the top three global threats by severity, according to the World Economic Forum's (WEF) Global Risks Report 2022.
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DNB reveals extent of Dutch financial institutions' carbon emissions
11 January 2022Dutch financial institutions are estimated to have financed carbon emissions of at least 82 megatonnes (Mt) in 2019, according to analysis by the country's central bank.