Ask anyone on the East Coast of Canada or the US recently about their air quality, and they will tell you the same story. They will tell you that the acrid choking air from Canada’s wildfires has made their lives miserable over the last few weeks, with residents experiencing the worse air quality in years.
Day: June 27, 2023
Ceres principles risk eradicating progress on net-zero norms
US non-profit Ceres has produced a paper aimed at explaining actions that oil and gas exploration and production companies (E&Ps) can take to reduce their emissions. It is also supposed to provide useful information on climate alignment to the sector’s investors and bankers.
The paper suffers from a number of alarming weaknesses which threaten to reverse progress on setting standards for net-zero finance. Consequently, Reclaim Finance, Oil Change International, urgewald, CIEL, and Stand.Earth have jointly published this analysis in response.