Edition for 07 February 2020

Top Stories

Power to the people: Bernie calls for federal takeover of electricity production (Politico)

  • Sen. Bernie Sanders has put nationalizing health insurance at the center of his presidential campaign, but his proposal to fight climate change also calls for a government takeover of a fundamental segment of the economy — electricity production.
  • It would have challenges in Pennsylvania, Michigan — a lot of the states that are competitive for the election.” - Josh Freed, head of energy and climate policy at Third Way
  • But critics say that government expansion won't sit well in many parts of the country, including some places Democrats will need to defeat President Donald Trump.

Svante and Chevron Technology Ventures Launch Study for Carbon Capture Pilot Unit (Business Wire Energy News)

  • The study will evaluate the feasibility and design of a 10,000 tonne-per-year carbon capture unit in one of Chevron’s California facilities and is expected to be complete in the first half of 2020.
  • “We are thrilled to be working alongside one of our earliest investors towards a solution that will contribute to a low carbon future,” said Claude Letourneau, President and CEO of Svante Inc. “We have a demonstration plant in Saskatchewan capturing 10,000 tonnes per year from an industrial natural gas steam boiler.
  • This project will take the learnings from our demonstration plant to design and build an improved second-of-a-kind facility using our state-of-the-art proprietary nano-filter technology.’’ Chevron has been an active supporter in developing carbon capture, utilization and storage technologies.

Katjes announces new climate-neutral initiative at ISM2020 (Confectionery News)

  • Katjes's three manufacturing locations in Germany will now be climate-neutral and by avoiding animal gelatine, the confectionery manufacturer said it has been able to reduce CO2 emissions for individual products by up to 20%.
  • By 2030, it aims to halve the CO2 emissions that its production causes, claiming to be one of the first companies in its sector to voluntarily offset its emissions in line with the targets of the Kyoto Protocol.
  • In order to offset these emissions, Katjes said at the specially convened ISM2020 press conference that it is sponsoring certified projects in India, Kenya, Rwanda and Peru, “which not only make a contribution to climate protection but also provide targeted support for sustainable development in their respective countries​."

Are BMO’s new ETFs a game-changer for responsible investors? (Corporate Knights)

  • Following RBC’s launch of six sustainability-themed iShares ETFs in 2019, BMO joined in this January, by releasing a new lineup of eight sustainable ETFs called ESG ETFs into the Canadian marketplace.
  • The two most popular strategies for responsible investors are sector exclusion (often called divestment) and the integration of environmental, social and governance (ESG) data.
  • ESG integration is a little more nuanced, with companies being graded on their promises, policies and performance regarding ESG issues.

Achieving zero-carbon architecture is "the biggest challenge we have" says Alexandra Hagen of White Arkitekter (Dezeen)

  • Swedish architecture firm White Arkitekter has pledged that every building it designs will be carbon neutral by 2030.
  • "At White Arkitekter have made the promise that by the end of the decade all of our projects will be carbon neutral," said Hagen.
  • "Climate change is the most important challenge for the future for this decade," said Hagen, who is a judge for the 2020 edition of Dezeen Awards.

Will Irish holidaymakers pay more for flights to combat climate change? (Independent.ie)

  • Sustainability is becoming a mainstream topic in travel, but do new initiatives go far enough, and does carbon offsetting work?
  • Over half of Irish consumers say they would pay more for flights to minimise their carbon footprint, a new survey has found.
  • One in four of those surveyed also said they would decide where and how to travel in the coming years based upon reducing their carbon ‘footprint’ and minimising damage to the planet.

The Climate Sentinel is an AI-powered news assistant for ESG investors and those concerned about climate change, corporate social responsibility, and related topics. Learn more.

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