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THE AUSTRALIAN CLIMATE CRISIS AND THE GREAT BARRIER REEF WORLD HERITAGE AREA
The report asserts that the Great Barrier Reef's Outstanding Universal Value (OUV) is deteriorating due to climate change, with the IUCN assessing its outlook as "critical" in 2020. It argues that Australia is fueling this crisis by maintaining inadequate emissions targets, expanding fossil fuel exports, and failing to align its Reef 2050 Plan with a well-below 1.5°C warming pathway. The document concludes that site-level mitigation is insufficient and calls for the World Heritage Committee to require Australia to implement national-level decarbonization and legislative commitments to protect the Reef.
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Document type: Report
POLLUTING THE PROCESS
The report details a series of corruption scandals involving Eni, specifically the OPL 245 deal in Nigeria and the 'Siracusa System' in Italy, where the company is accused of bribing officials and tampering with witnesses. Simultaneously, it highlights Eni's extensive lobbying efforts in the EU to promote fossil gas as a 'bridge fuel,' arguing that such influence is incompatible with the 1.5°C goal of the Paris Agreement. The document concludes by calling for a 'firewall' to end fossil fuel industry lobbying in EU policy-making, drawing parallels to the restrictions placed on the tobacco industry.
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Document type: Report
Response to Independent Final Evaluation of the United States Department of State Support for the National Adaptation Plan (NAP) Global Network
The NAP Global Network responds to an external evaluation of its 2015–2020 activities, committing to integrate findings into its 2021–2025 Strategy. Key commitments include revising its Theory of Change, expanding support to 30 new countries by 2025, and shifting focus from 'paper NAPs' toward the actual implementation of adaptation priorities. The Network also aims to enhance private sector engagement, vertical integration, and the alignment of NAP processes with the Paris Agreement's Global Stocktake and Nationally Determined Contributions (NDCs).
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Document type: Report
Private Equity Energy Bets Burn Investors
The report finds that private equity energy funds have consistently underperformed broader private equity benchmarks, with many losing money. This is attributed to high bankruptcy rates among debt-laden private equity-backed oil and gas companies, a collapse in buyer demand for fossil fuel assets, and a global transition toward renewable energy. The document highlights that the COVID-19 pandemic accelerated these trends, leading to a 'structural shift' where fossil fuel demand is unlikely to return to pre-pandemic levels.
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Document type: Report
Risks for New Natural Gas Developments in Appalachia
The report argues that new natural gas developments in Appalachia are high-risk investments due to low domestic prices and the global transition toward low-carbon energy. Analysis of 216 prospective gas fields indicates that average 2020 prices for gas and oil do not support widespread expansion. The authors highlight that deep decarbonization consistent with the Paris Agreement would likely keep gas prices below the $3/Mbtu threshold required for average profitability, potentially rendering new fields and associated petrochemical infrastructure, such as ethane crackers, unprofitable.
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Document type: Research paper
Closing loopholes
The briefing examines how the IFC's Green Equity Approach (GEA) fails to prevent continued fossil fuel finance through financial intermediary clients. It highlights cases where GEA clients funded new coal plants and identifies significant IFC equity exposure to oil and gas projects globally. The authors call for a public review of the GEA and a total phase-out of fossil fuel finance in IFC's financial intermediary portfolio.
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Document type: Briefing
Shells net zero emissions strategy
A coalition of climate and accountability organisations argues that Shell's 2021 strategy update is insufficient to limit global warming to 1.5°C. They claim the company relies on intensity-based targets rather than absolute reductions, continues heavy investment in upstream oil and gas, and depends on unrealistic carbon capture and offset projections. The authors call on investors to support a resolution requiring Shell to set quantitative, Paris-aligned targets for Scope 1, 2, and 3 emissions.
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Document type: Statement
The Energy Transition after COVID-19
The document examines how the COVID-19 pandemic has affected energy demand, security, and utility finances in emerging economies, arguing that the recovery phase presents an opportunity for a 'green recovery'. Using case studies from Indonesia, Kenya, Thailand, Mexico, and South Africa, it identifies common challenges such as household energy insecurity and financial stress for state-owned utilities. The authors urge governments to integrate green recovery into their NDC planning, commit to accelerated decarbonisation, and address systemic vulnerabilities to prevent social injustices during the energy transition.
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Document type: Research paper
5 Reasons the US Should Cut its GHG Emissions in Half by 2030
The World Resources Institute recommends that the US target a 50% reduction in greenhouse gas emissions by 2030 compared to 2005 levels. This target is presented as achievable through an "All-in" strategy combining federal and local action, with the power sector providing over 60% of the necessary reductions. The briefing asserts that this transition would create millions of jobs, with renewable energy investments generating more than twice the jobs of fossil fuel spending. Furthermore, it argues that such a target is essential for the US to regain international credibility and inspire other major emitters ahead of COP26.
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Document type: Briefing
Updated Enviro Letter 021621
A group of climate and social justice organizations is urging Apollo Global Management to end its financing of fossil fuels and deforestation. The letter demands the disclosure of emissions for current and future energy holdings, a commitment to invest the majority of new energy capital in renewables by 2025, and the publication of political spending policies to ensure alignment with a 1.5 degree scenario from the Paris Agreement.
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Document type: Statement
Updated Enviro Letter 021621
A group of climate and social justice organizations has called on Blackstone Group to end its financing of fossil fuels and deforestation. The letter demands a plan to achieve a net-zero energy portfolio, the disclosure of Scope 1, 2, and 3 emissions for energy holdings, and a commitment to invest the majority of new energy capital in renewables by 2025. Additionally, the signatories urge Blackstone to disclose all corporate and executive political spending and ensure its lobbying activities align with a 1.5 degree scenario from the Paris Agreement.
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Document type: Statement
Updated Enviro Letter 021621
A group of organizations urges the Carlyle Group to transition its portfolio to net-zero energy, disclose Scope 1, 2, and 3 emissions, and ensure that a majority of new energy capital is invested in renewables by 2025. The letter also calls for transparency regarding political contributions and lobbying to ensure alignment with the Paris Agreement and a just transition for impacted workers and communities.
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Document type: Statement
Updated Enviro Letter 021621
The document is a formal letter from the Private Equity Stakeholder Project and other organizations urging EIG Global Energy Partners to end its financing of fossil fuels and deforestation. The signatories demand a plan to achieve a net-zero energy portfolio, including a target for a majority of new energy capital to be invested in renewables by 2025 and all new energy investments by 2030. The letter also calls for the disclosure of Scope 1, 2, and 3 emissions for energy holdings and the implementation of a just transition program for impacted workers and communities. Additionally, the authors request full transparency regarding corporate and executive political spending and lobbying activities to ensure alignment with a 1.5 degree scenario from the Paris Agreement.
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Document type: Statement
Updated Enviro Letter 021621
A group of climate and social justice organizations is urging EnCap Investments to end its financing of fossil fuels and deforestation. The letter demands the disclosure of emissions across Scopes 1, 2, and 3, a commitment to invest a majority of new energy capital into renewables by 2025, and the alignment of political spending with the 1.5 degree scenario of the Paris Agreement.
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Document type: Statement
Updated Enviro Letter 021621
A group of climate and social justice organizations has called on Global Infrastructure Partners to transition its multi-billion dollar portfolio to a pollution-free energy system. The letter demands the disclosure of Scope 1, 2, and 3 emissions for current and future holdings, a commitment to invest a majority of new energy capital in renewables by 2025, and the implementation of a just transition program for impacted workers and communities. Additionally, the signatories urge the firm to disclose all corporate and executive political spending and ensure its lobbying activities align with a 1.5 degree scenario from the Paris Agreement.
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Document type: Statement
Updated Enviro Letter 021621
A group of environmental and social organizations has sent a letter to Kayne Anderson Capital Advisors urging the firm to transition its portfolio away from fossil fuels and toward a pollution-free energy system. The letter demands the disclosure of emissions (Scope 1, 2, and 3) for energy holdings, a commitment to invest a majority of new energy capital in renewables by 2025, and the publication of political spending policies to ensure alignment with a 1.5 degree scenario from the Paris Agreement.
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Document type: Statement
Updated Enviro Letter 021621
A group of organizations urges KKR to end its financing of fossil fuels and deforestation, demanding a plan for a net-zero energy portfolio and transparency regarding political contributions. The letter calls for the disclosure of Scope 1, 2, and 3 emissions for energy holdings and a commitment that a majority of new energy capital be invested in renewables by 2025, with a total transition by 2030. Additionally, the signatories demand a just transition program for impacted workers and communities and the alignment of corporate lobbying with the 1.5 degree scenario of the Paris Agreement.
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Document type: Statement
Updated Enviro Letter 021621
A group of environmental and social organizations is urging Macquarie Infrastructure to transition its portfolio to net-zero energy, disclose emissions across Scopes 1, 2, and 3, and ensure political contributions align with a 1.5 degree scenario.
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Document type: Statement
Updated Enviro Letter 021621
A group of environmental and social organizations is calling on Oaktree Capital to transition its portfolio to net-zero energy, implement a just transition for affected communities, and ensure political contributions align with a 1.5 degree scenario.
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Document type: Statement
Updated Enviro Letter 021621
A group of climate and social justice organizations has called on Riverstone Holdings to end its financing of fossil fuels and deforestation. The letter demands a transition to a net-zero energy portfolio, including the disclosure of Scope 1, 2, and 3 emissions and a commitment to invest the majority of new energy capital in renewables by 2025. Additionally, the signatories urge the firm to disclose all corporate and executive political spending to ensure alignment with a 1.5 degree scenario from the Paris Agreement and to implement a just transition program for impacted workers and communities.
AI-generated
This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Statement