US fund managers at bottom of the pile as investors score low on climate goals
US fund managers are still lagging behind their European peers in putting pressure on companies and ensuring their investments align with climate change targets, a new report has claimed. by Reporter 14/01/2021, 12:01 am
Emissions rise from the Royal Dutch Shell Plc Norco Refinery in Norco, Louisiana, U.S., on Friday, Feb. 9, 2018. Luke Sharrett/Bloomberg
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Investors are judging how well energy companies have reoriented their businesses to cut emissions as they weigh activists' calls for divestment, climate finance specialists said on Thursday.
From ‘pushback’ to pushing ahead How the Brumadinho disaster brought miners onboard with tailings reform. January 6, 2021
Right: A fines retention dyke completed in January 2020 at Vale’s Corrego do Feijao iron ore operation in Brazil. Credit: Vale
In 2017, GRID-Arendal, an environmental centre based in Norway and a partner of the United Nations Environment Programme (UNEP), published Mine Tailings Storage: Safety is No Accident. The report called for the development of a global standard covering the construction and operation of tailings dams, a global insurance scheme, and more oversight and transparency around tailings.
While it was written in response to recent tailings failures, including Mount Polley in British Columbia and Samarco in Brazil (which killed 19 people), the mining sector was resistant at the time to many of the recommendations, says Elaine Baker, one of the authors of the report and director of the GRID-Arendal offi
Sorry Warren Buffett, Climate-Change Focused Church of England Money Keeps Berkshire Hathaway on Restriction
Posted on 12/19/2020
Twelve companies made changes to stay off the Church of England’s restricted list. The Church of England National Investing Bodies (NIBs) have been active for many years in fighting climate change and are committed to reducing the carbon footprint of our investment portfolios to net zero by 2050. In 2018, the Church of England Synod called for the NIBs to divest from fossil fuel companies not aligned with the goals of the Paris Agreement by 2023, leading to the NIBs setting 2020 and 2023 investment hurdles.
The Church Commissioners for England, the Church of England Pensions Board and CBF Church of England Funds, which comprise the NIBs, will divest the restricted companies in which they have holdings as soon as possible. This is the first time the NIBs have restricted companies that fall short of specific carbon emission standards.