Science Based Targets Initiative no longer accept commitments from fossil fuel companies. How will ESG change in 2022?
The Science Based Targets initiative (“SBTi”) which is one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of limiting climate change, announced on March 8, 2022 that it is developing “a new methodology for companies in the oil and gas sector to set science-based targets” and to this […]
Environmental Social Governance (ESG) is a topic of increasing importance in all business sectors across Canada, shaping many corporations’ business agendas as investors prioritize integrative investment approaches. In the energy sector, many companies in Canada are motivated to set and attain ESG benchmarks, following strict local regulations. All of Canada’s largest oil and […]
COVID-19 has posed a global risk to domestic financial institutions and as the pandemic continues to evolve, US has confirmed that climate change is one of the top priorities. Even before the pandemic, the increased volume of extreme climate phenomena has caused considerable uncertainties in investing and the shift away from carbon-intensive energy sources may […]
Houston wants to be the renewable capital of the world. Renewable-energy officials flaunted the efforts of startups and entrepreneurs as the best chance for a successful transition, arguing that oil and gas won’t be the economy leaders in the following decades. With more than 4,600 energy firms in Houston, the fossil fuel energy still […]
Every investor dealing with ESG challenges while continuing to invest in oil and gas has a responsibility to take part in the solution to problems such as flaring. And some steps have now been set to motion. Moving forward, all financial firms that still invest in the energy sector should leave no doubt about […]