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The message in today’s Asian Financial Times is simple: climate leaders don’t fund coal.
"This is not a political movement, this is a movement of humanity. We are all backgrounds, all ages, all races, bound together in one wish, one dream, which is that we will have a good, decent, loving future, for generations to come.”
Minnesota's new bill, which would stop the buildout of fossil fuel infrastructure, is a critical piece of the overall Green New Deal puzzle – in order to address climate climate crisis, we must be actively winding down the fossil fuel industry by stopping its expansion and phasing out existing infrastructure with an equitable transition.
Yesterday, President Trump signed two executive orders in his latest brazen attempt to appease the fossil fuel industry, just as further research was published revealing the drastic need to scale back carbon emissions if young people are going to have a liveable future.
REPORTS & BRIEFINGS
The ACP is facing a triple threat of challenges that combine to present serious obstacles for the project to reach completion, which are are likely to further delay construction and raise the project’s price tag even higher. It would be prudent for investors to question whether pursuing the project further is a wise use of capital.
This 10th annual "Banking on Climate Change" fossil fuel finance report card reveals that overall bank financing continues to be aligned with climate disaster, and that financing for fossil fuels has increased every year since the Paris Agreement was signed.
Investors often use the WEO to assess energy investments. Contrary to the IEA’s claims, its ‘Sustainable Development Scenario’ (SDS) is not aligned with the Paris goals.
Diminishing consumer demand coupled with more affordable renewables are casting doubt on the overall feasibility and potential profitability of the Atlantic Coast Pipeline.