Investors controlling $41tn (£29tn) in assets have called for governments around the world to end support for fossil fuels and set targets for rapid reductions in carbon emissions to limit the damage from global heating. The 457 investors, who hold almost a third of world’s assets under management, signed a joint statement calling for governments to “significantly strengthen” their plans to cut carbon emissions in the next decade and to bring in detailed targets for net zero emissions by 2050 or sooner.
Guardian 10th June 2021 read more »
‘Fossil fuel era rapidly coming to a close’: Climate activists rejoice as Keystone XL pipeline is axed.
Independent 10th June 2021 read more »
Royal Dutch Shell is to accelerate plans to cut its carbon emissions in the wake of a court ruling last month ordering the oil giant to take stronger action. A district court in The Hague told the Anglo-Dutch oil company to reduce its carbon footprint by 45 per cent this decade from 2019 levels, after an action brought by environmental groups led by Friends of the Earth Netherlands. The court’s decision applies immediately and has not been suspended pending an appeal. Ben van Beurden, Shell’s chief executive, said yesterday that the company planned to appeal the court’s order and was disappointed it was “singled out by a ruling that I believe does not help reduce global CO2 emissions”. However, he said that Shell would “rise to the challenge” and take “some bold but measured steps over the coming years”.
Times 9th June 2021 read more »