Shareholders of Cenovus Energy Inc. (TSE:CVE) will vote on a proposal requesting that the Canadian oil and gas company sets and publishes targets aligned with the goal of the Paris Agreement.
A group of almost 100 institutional investors representing $6 trillion in assets recently announced the launch of a campaign called Fueling Water Disclosure to promote sustainable water resource management in the oil and gas sector.
Shareholders led by New York state and the Church of England are calling on global oil giant Exxon Mobil to set targets for cutting its greenhouse gas emissions, in a sign of growing investor pressure on fossil fuel groups to address climate change.
SHARE is hosting the 9th Annual Responsible Investment Workshop for Religious Investors, where religious investment decision-makers gather to network and learn about responsible investment.
SHARE has been engaging with Canadian companies to integrate climate change considerations into their businesses. All six of the major Canadian banks have begun to respond to our engagement demands and take concrete steps to address climate risks.
With the recent signing of the Paris Agreement on climate change, Canada has committed to limiting the increase in global average temperatures below 2°C, and to pursue efforts to limit the temperature rise to 1.5°C. The years ahead promise physical, regulatory, financial and reputational risks for companies and investors related to climate change. Successful firms and investors will have to adjust to thinking of the long-term sustainability of their operations and how to transition to a lower carbon economy.
Water scarcity is an urgent global issue being exacerbated by climate change and a growing population. By 2030, the world will face a 40% deficit in water supply under business-as-usual scenario predictions.