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Why This Matters: The economic upheaval of the pandemic and its accompanying stimulus could have been a chance to pump money into the country’s net-zero goals. Instead, it appears that the members propped up the very industries that are increasing carbon in the atmosphere.
By Steve Capanna and Katie Lebling Climate change is a complex equation. To avert its worst impacts, we must find a way to limit global average temperature rise to well below 2° C, consistent with the Paris Agreement. This will require us to combine deep emissions reductions and robust carbon dioxide removal (CDR). The National Academies, Intergovernmental […]
Why This Matters: A 2020 report from portfolio.earth found that the world’s largest investment firms and banks are investing trillions each year into operations that damage the environment and threaten biodiversity.
by Amy Lupica, ODP Contributing Writer A new study from energy experts at Princeton University delves deep into what it would actually take to make President-elect Joe Biden’s climate plan to reach net-zero emissions in the U.S. by 2050 a reality. The gist, said Jesse Jenkins, a Princeton professor and one of three leaders of […]
With investors who hold hundreds of millions in ExxonMobil stock pressuring it to improve its performance on climate change and invest more in clean energy, the Company announced a new five-year plan today.According to Axios, experts said it’s not clear how much actual emissions might fall under the new plan.
Why This Matters: Weak sauce from a weak company. The ExxonMobil plan consists of only a few half measures — it falls far short of the industry standard set by ConocoPhillips, Occidental Petroleum, BP, and Shell, which have all pledged to have “net zero” emissions in the 2050 time frame.
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