SECTORAL POLICIES / Energy

Current rate of emissions reductions by major fossil fuel companies is insufficient to stay below 2°C, according to Transition Pathway Initiative

Brussels, 09/10/2020 (Agence Europe)

None of the world’s 59 largest publicly listed coal, oil and gas companies are on track to reduce their emissions so that global warming will be limited to 2°C by 2050, according to a new report published on Wednesday 7 October by Transition Pathway, a joint initiative launched by the Church of England’s national investment bodies (the Church of England Pensions Board, the Church Commissioners and CBF Funds) and the Environment Agency Pension Fund.

“Investors have witnessed a flurry...