Two United Nations summits in successive months – the first on climate change in Sharm el-Sheik, and the second on biodiversity in Montreal – means one thing: a blitz in corporate promises to address environmental threats.
Earnings season has ended and there is a sense among environmental campaigners that there has been a backward step in efforts to get companies to take more action on climate change.
Climate Action 100+ is the world’s largest investor engagement initiative on climate change, with 700 signatories managing $68 trillion in assets. If money talks, CA100+ has a megaphone without compare.
Jakarta is sinking by around 12 centimetres every year. Singapore is heating up at double the global average. Manila is facing a spike in deadly typhoons. And Bangkok is on track to be under water by the middle of the century.
Employee activism is moving from the shadows into the mainstream. A new wave of consciousness, covering issues such as climate change and social inequality, is flowing through staff meetings and forums.
Canada said on Friday it will halt any further public funding for the Trans Mountain oil pipeline expansion, after the government-owned company behind the project said costs had surged 70% to C$21.4 billion ($16.8 billion).
