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A growing number of financial institutions are moving their investments from fossil fuels into less polluting projects and resources. So what do oil and gas companies make of this shift?
Some of them are waking up to the clean energy transition in response to investor pressure. But there are leaders and laggards when it comes to oil and gas companies and reducing greenhouse gas emissions. There are also valid concerns about greenwashing. And yet, some of these firms are fundamentally reshaping the way that they do business.
In this episode, the latest in Political Climate’s special DITCHED series, we look at the pressures oil and gas companies are under to go low-carbon with Valentina Kretzschmar, vice president of corporate research at the research firm Wood Mackenzie.
Recommended resources:
FT: Why ExxonMobil is sticking with oil as rivals look to a greener future
WoodMac: Could clean energy be the winner in the oil price war?
NYT: Shell and Total report big drop in profits, but made clean-energy investments.
Earther: Maybe It’s Time to Retire the Phrase ‘Big Oil’
E&E: How one fossil fuel company became a green giant
Political Climate: Is There a Role for Oil and Gas in a Green Recovery?
On Monday, France hosted the One Planet Summit for biodiversity where the leaders of more than 50 nations launched the High Ambition Coalition (HAC) for Nature and People. The coalition aims to secure a global agreement to protect at least 30% of the planet’s land and ocean by 2030 when the Convention on Biological Diversity […]
Each January, the Eurasia Group, a management consultancy, looks at the biggest global political risks in the year to come. Climate change is perennially on the list — this year it ranks thirdbehind public doubt in the legitimacy of President-elect Biden’s election and the coronavirus.
Why This Matters: “In 2021, climate will go from a playground of global cooperation to an arena of global competition.”
When you leave your front door, what can you reach in 15 minutes by foot or bike? A grocery store? A school? A park? That’s the question that many urban planners are using to shape plans for how cities operate in the future. The 15-minute city means designing neighborhoods where everything people need, from housing to dining to cultural institutions, is within that 15-minute radius.
Why this Matters: It’s a good idea to create neighborhoods that fulfill people’s basic needs so that they won’t have to travel as far to manage their daily lives – especially post-pandemic when more people are likely to work from home.
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