“It seems inevitable that the energy transition will spell the end of the fossil fuel industry’s traditionally growth-focused business model, which has already started to fail. The reduced usage of fossil fuels necessitated by any Paris-aligned temperature target is...
A few days ahead of the 5th anniversary of the Paris Agreement, 18 NGOs released Five Years Lost - How Finance is Blowing the Carbon Budget. The report highlights 12 of the most devastating fossil fuel projects that are...
"Canada’s top ten pension funds alone manage over $1.5 trillion. How these funds invest your retirement dollars is a major factor in how quickly we can transition to a low-carbon economy while growing your pension in a warming world....
The flipside of stranded assets is stranded liabilities. On the one hand, investors are increasingly asking whether oil demand is or will soon be in terminal decline, and on the flipside, there's the cost of retiring long-lived oil and...
"The stranded asset hypothesis just got real," reported Business Green in early July. “Shell and BP are writing down assets while a raft of US fracking firms are entering bankruptcy protection – change is coming to the fossil fuel...
"The world faces two contrasting pathways. Either it can secure the ‘trillion dollar green gigafall’, the trillions that can be generated at low cost from the sun and the wind….Or it can stay locked into business as usual, tied...
A new report, Still Digging: G20 Governments Continue To Finance The Climate Crisis shows that "since the Paris Agreement was made, G20 countries have acted directly counter to it by providing at least 77 billion a year in finance...
The just-released 2020 report on global fossil fuel financing by banks, Banking on Climate Change 2020, shows how the big banks are promoting the expansion of fossil fuels with more than US$2.7 trillion in direct investments since the 2015...
Is the COVID-19 crisis the wake-up call we've been waiting for? It's an opportunity to reflect on the fragility of our way of life—our interconnectedness and interdependence—and how we are mutually reliant on each other. It brings out the...
Something is shifting in the fossil fuel industry. It's no longer business as usual for the 'fossils' and the governments that support them. People around the world are becoming keenly aware of the many ways the burning of fossils...