Edition for 07 March 2020

Top Stories

Listed firms set to face more stringent climate disclosure rules (Independent.ie)

  • Britain’s top listed companies must disclose how their businesses will be affected by climate change or explain why they have not, under plans unveiled by the City watchdog.
  • Britain’s top listed companies must disclose how their businesses will be affected by climate change or explain why they have not, under plans unveiled by the City watchdog.
  • The Financial Conduct Authority (FCA) said the proposed new rule would apply to premium listed stocks and would see disclosures made in line with the approach set out by the Taskforce on Climate-related Financial Disclosures (TCFD).
  • Improved disclosures will support better asset pricing and enable investors to make more informed choices about where to allocate their capital – which will ultimately support the transition to a low-carbon economy..

Why don’t we panic about climate change like we do coronavirus? (Market Watch)

  • Still, the critical response leaves scientists, environmental advocates and long-view money managers imploring: Where’s the outrage on any given day for pollution- and temperature-linked deaths (already adding up and projected to increase) from accelerating man-made climate change?
  • Where’s the impetus for moving on policy change and market-driven fixes (solutions to store carbon, for instance) to limit a future environmental health crisis — one on par with or even greater than a coronavirus?
  • It is true that climate change and its response appear in specialized media and occasionally crack the line-up of mainstream coverage.

City Council Bills Will Help NYC Achieve its Climate Goals (NRDC)

  • The New York City Council is considering two bills that would require the city to better track, and eventually reduce, its carbon emissions.
  • 270 and 1720 would build upon New York City’s strong leadership on climate action.
  • New Yorkers are already feeling the effects of climate change—from extreme weather events to coastline erosion to more frequent and more intense heat waves.

'Clean hands,' climate change and the problem with saying Canada's not the problem (CBC)

  • But he does have a narrow reading of the degree to which Canada shares the blame for climate change.
  • His most forceful statement on the issue of climate change so far may have been a colourful analogy involving nudity and organic produce.
  • Andrew Scheer's climate platform for last year's election prominently included a claim that Canada is a "small contributor" to a global problem — supported by a line graph comparing Canada's emissions to the output of China, the United States, India and the European Union.

ExxonMobil 'tried to get European Green Deal watered down' (Guardian)

  • The US oil firm ExxonMobil met key European commission officials in an attempt to water down the European Green Deal in the weeks before it was agreed, according to a climate lobbying watchdog.
  • Documents unearthed by InfluenceMap revealed that Exxon lobbyists met Brussels officials in November to urge the EU to extend its carbon-pricing scheme to “stationary” sources, such as power plants, to include tailpipe emissions from vehicles using petrol or diesel.
  • Green groups believe this would be the least effective way to disincentive fossil fuel vehicles, and would rather allow countries to set their own emissions standards and targets for road emissions.

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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