Ceres principles risk eradicating progress on net-zero norms

June 27, 2023By David TongBriefings, Global Industry, Industry Updates, Research & Opinions

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.

Major Investors Call for Paris-Aligned Energy Scenarios

June 6, 2018By Adam ScottBlog Post

288 major investors worth more than $26 trillion USD in assets are warning that we aren’t on track to meet the goals of the Paris Agreement and lack the tools needed to get there.    In a public statement and policy brief released yesterday, the group which includes major pension funds, banks, asset managers, churches, … Read More