A new COP on the Beat | Minter Ellison
Sarah Barker (Special Counsel, Melbourne) and Maged Girgis (Partner, Sydney) examine international developments that are raising the bar on corporate governance, and disclosure of, risks and opportunities associated with climate change.
Background – economic and regulatory evolution
You may have noticed a subtle change in the emphasis of your morning coffee read. The financial press has begun to devote serious column space to the issue of 'climate change'. So why this mainstream interest on what was, historically, an issue consigned to the 'environmental fringe'? In short, leading market stakeholders have begun to recognise that issues associated with climate change present significant economic and financial risks (and opportunities) over both long- and shorterterm investment horizons, which cannot be ignored.
A cost curve for greenhouse gas reduction | McKinsey and Company
Insurers urged to do more on climate change disaster preparation | Insurance & Risk Professional
'Delusional': NSW intergenerational report banks on rising coal output and royalties to 2056 | SMH
There goes the neighbourhood | The Climate Institute
Who Wants to Be a Billionaire? | Huffington Post
Get out your magnifying glass to see the tiny percentage of charitable donations allocated each year to the environment. That’s right: 3%, including animal welfare, parks, zoos, and gardens. But a growing number of very very rich people are disrupting usual philanthropic patterns to tackle climate change—strategically and specifically.
Hunt plays the long game on his glaringly obvious emissions trading scheme | Lenore Taylor
CalPERS' Climate Risk Reporting Proposal Overwhelmingly Passes at Glencore Plc | CalPERS
May 19, 2016 Contact: Joe DeAnda, Information Officer, newsroom@calpers.ca.gov
The California Public Employees' Retirement System's (CalPERS) climate risk reporting shareowner resolution, Resolution #16, overwhelmingly passed at the annual shareowner meeting of Glencore Plc. The resolution, which was supported by company management, requires the global commodity trading and mining company to report on environmental risks and opportunities associated with climate change.
You Just Lived Through the Hottest April on Record. And March. And February. And January. And December. And ... | Slate Magazine
Engie mulls closing Australia's Hazelwood coal-fired power plant | Reuters
La Trobe becomes Australia's first university to commit to fossil-fuel divestment | The Guardian
China Curbs Plans for More Coal-Fired Power Plants | The New York Times
Carbon complacency in portfolios not an option | Investment Magazine
Exxon Carbon Asset Risk 2016 | Ceres
Exxon shareholders have submitted a resolution at the 2016 AGM : Shareholders request that by 2017 ExxonMobil publish an annual assessment of long term portfolio impacts of public climate change policies, at reasonable cost and omitting proprietary information. The assessment can be incorporated into existing reporting and should analyze the impacts on ExxonMobil’s oil and gas reserves and resources under a scenario in which reduction in demand results from carbon restrictions and related rules or commitments adopted by governments consistent with the globally agreed upon 2 degree target. The reporting should assess the resilience of the company’s full portfolio of reserves and resources through 2040 and beyond and address the financial risks associated with such a scenario.