The C|T Group used teams in Sydney and London to further Glencore’s interests across the globe, including in Australia, according to multiple sources with knowledge of the project and documents seen by Guardian Australia.
On the 22nd February 2019, Geoff Summerhayes gave this speech in London at the Sustainable Insurance Forum.
“The weight of money, through consumer demand, investor decisions and regulatory responses, is pushing the transition to a low carbon economy relentlessly forward. This shift has consequences for us all, but to make good decisions, governments, regulators, businesses and investors need access to timely, reliable and sufficiently granular information.”
Saudi Arabia is bowing to the inevitable. Aramco is launching radical plans to switch its oil output from cars to petrochemical use over the next decade, implicitly accepting that the curtain is coming down on the era of petrol and diesel.
And halfway through the book he says, in all caps, “If you have made it this far, you are a brave reader.” He admits that any of those chapters contains, “enough horror to induce a panic attack in even the most optimistic of those considering it.”
Emma Herd, chief executive of the Investor Group on Climate Change and member of the global Steering Committee for the Climate Action 100+, said the change in sentiment was because of greater recognition by CEOs that climate change is not just an ethical issue.
"This is about financial risk, as well a company's social licence to operate," she said.
In what lawyers say is one of the most important parts of the decision, Preston rejected Fisher's "market substitution" argument. There was no proof other mines would go ahead, he asserted, and wealthy countries such as Australia have a responsibility under the Kyoto Protocol and the Paris agreement "to take the lead" on climate change.
Glasenberg said the coal production cap was part of the company's climate change policy, which could also see it dropping its support of the World Coal Association.
"Our commodity portfolio and its key role in enabling the energy and mobility transition for a low-carbon economy enables us to look ahead with confidence and to remain focused on creating sustainable long-term value for all our shareholders," he said.
Suncorp CEO Michael Cameron: "The facts support undeniably that change is occurring in our climate, and we need to make sure that the communities are resilient."
“for decades, Shell has been aware of the impact of burning fossil fuels on the climate. Like ExxonMobil, Shell had studied the problem and acknowledged the danger in internal documents, yet publicly downplayed the risk while funding climate denial groups.”
"Yet amid the clamour is a single, jarring truth. Demand for oil is rising and the energy industry, in America and globally, is planning multi-trillion-dollar investments to satisfy it. No firm embodies this strategy better than ExxonMobil, the giant that rivals admire and green activists love to hate."
“In the extreme, environmental breakdown could trigger catastrophic breakdown of human systems, driving a rapid process of ‘runaway collapse’ in which economic, social and political shocks cascade through the globally linked system – in much the same way as occurred in the wake of the global financial crisis of 2007-08,” the paper warns.
Dr Paul Fisher, well known to many at Climate Alliance has written a very interesting article for the London Institute of Banking and Finance. He asks the question whether central banks should play a role in managing the risks presented by climate change.
In an Australian first, development consent for a new coal mine was refused by the Land and Environment Court of NSW (the Court) for reasons that included its material greenhouse gas (GHG) emissions and contribution to climate change.
NASA scientists announced Wednesday that the Earth’s average surface temperature in 2018 was the fourth highest in nearly 140 years of record-keeping and a continuation of an unmistakable warming trend.
"Costs will likely go far beyond tangible measures; not only will infrastructure be exposed, but so will potential economic development and growth, community health and safety and social support systems."
“We’re steadily moving toward a new normal where billion-dollar disasters are a regular occurrence,” says Emilie Mazzacurati, founder and CEO of Four Twenty Seven. “This combination of extreme weather events and growing pressure from asset owners and regulators is pushing a lot of businesses to look for a way to understand their exposure and start managing their risks.”
Extreme weather is again out on its own in the top-right (high-likelihood, high-impact) quadrant of the Global Risks Landscape 2019. The year 2018 was another one of storms, fires and floods.19 Of all risks, it is in relation to the environment that the world is most clearly sleepwalking into catastrophe.
A report from Munich Re on last year’s natural disasters pointed to “clear indications” that man-made climate change is a factor in California’s wildfires.