Some of the world's largest corporate emitters are increasingly selling off dirty assets in a bid to look greener on paper.
— all publicly held firms with net-zero targets — sold off their interests in an onshore oil mining field in Nigeria last year to a private-equity backed operator.
Almost immediately thereafter, however, flaring dramatically increased. The case study was said to highlight the climate risks stemming from upstream oil and gas transactions. Andrew Logan, senior director of oil and gas at nonprofit Ceres, told CNBC that EDF's research shows there has been something of a "wink wink, nod nod approach" to transferred emissions to date, whereby energy majors sell off high-polluting assets without worrying too much about whether the purchaser is going to do what they are supposed to.
Fink said the practice of public disclosed companies selling high-polluting assets to opaque private enterprises "doesn't change the world at all. It actually makes the world even worse."
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Big Brother Big Sisters push for more volunteers; 1,400 kids on a waiting list'Every kid deserves a mentor in their life. Someone that could help them find their own spark, and what makes them unique, and what gives them energy.'
Leer más »
2 San Fernando men killed when sedan collides with big rig on 210 Freeway in TujungaThe crash happened Monday evening near La Tuna Canyon Road
Leer más »
‘Inflation is a big concern’: Economics professor shares recession concernsPrices are going up on almost everything these days, and financial experts believe the U.S. could be on the brink of a recession.
Leer más »
Address Related to Ronin Hack Makes Big Ethereum TransferThe Ethereum funds that have been moved to the Tornado Cash coin mixer
Leer más »
Lone Pine bet big on tech in the first quarter and jumped back into BlockLone Pine Capital opened positions in several tech stocks in the first quarter and increased its position in Block by almost 1000%.
Leer más »