The United Nations is expected to announce, in a landmark report, that reducing methane emissions must play a larger role in preventing the worst effects of climate change, The New York Times reported on Sunday. The global methane assessment, a report put together by an international group of scientists, is expected to express the growing determination that the globe must begin to quickly decrease planet-warming gas emissions, including methane, the principal component in natural gas, to help matters in the short term. The Times reviewed a detailed summary of the report, which they said is expected to be published next month by the Climate and Clean Air Coalition and the United Nations Environmental Programme.
The Hill 25th April 2021 read more »
Investors managing more than $3 trillion of funds have told Barclays to tighten its policies on financing coal and oil sands companies. An alliance of 16 companies including Amundi, the asset management firm, Man Group, the hedge fund, and Nest, the government-backed pension scheme used by 9.5 million people, complained that the lender was failing to meet its pledge to stop funding the most carbon-intensive energy projects. In an open letter to Jes Staley, the bank’s chief executive, the group expressed concern about its continued “exposure to fossil fuel assets” despite it becoming the first mainstream bank to set a “net-zero” ambition.
Times 26th April 2021 read more »