Investor Print Drives Royal Dutch Shell to take action on climate change



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Today:

  • Royal Dutch Shell becomes first energy giant to set short-term greenhouse gas targets, linking them to executive pay.
  • The West Hudson at the population of polar bears has fallen by more than 30 percent over the past four years.
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Climate change

Three years after 195 nations united in Paris to represent an agreement on climate change change, real progress is difficult to find.

Carbon emissionsHave recorded a record high. Guides like US President Donald Trump and Brazil's newly elected President, Jair Bolsonaro are threatened to withdraw from the contract as soon as they can. And the United States. It is a warning that even the definite purpose of limiting watering to two degrees since pre-industrial times will be too small, too late, to save a future of rising seas, drugs, hunger and devastating storms.

But where Politicians are failing, the market has given an important mark of success. Royal Dutch Shell today announced that there will be the first energy giant to put short-term greenhouse gas reduction targets, and will link them to executive pay.

Oil drums are seen at a Royal Dutch Shell PLC Lubricants blending plant. The company has agreed to change its lobbying practices and ensure that its membership in oil trade associations does not undermine its support for the objectives of the Paris Agreement. (Reuters)

The swing is a direct result of Investor pressure.

The Anglo-Dutch company was one of the main targets of Climate Action 100+, a green-minded coalition of 310 global investors that control more than $ 30 trillion. It. In assets.

Shell is already a leader among oil companies, Making a promise last year to reduce its net carbon emissions by half by 2050, taking the whole cycle of oil – from extraction to end use – into account.

However, the new contract, Recognized with climate 100 +, goes much further. It commits the company to concrete, three-to five-year goals updated on an annual basis, with the results reported transparently.

And to put a feeling of urgency, The need to hit the targets will soon be tied to the compensation of as many as 1,300 senior employees, from CEO on down.

"Meeting the challenge of tackling climate change needs And Democracy has been approved by our investor changes, "said Ben van Beurden, chief of staff of the United Kingdom, in a statement." We are an important step in achieving our net-carbon track in the truth by setting shorter-term goals. "

Shol chief executive officer of Ben van Beuren, said in a June 2016 file photo, said Monday, that we were taking steps to transform our network of carbon footprint into reality by setting shorter-term targets. (Adrian Dennis / AFP / Getty Images)

The agreement also requires Shell to Change its loyalty practices and ensure that its membership in oil trade associations "does not undermine its support for the objectives of the Paris Agreement."

There is a Sharp reversal of only seven months ago, when Shell's shareholders saw 94 per cent against a resolution that would have committed the company to fast decade, reducing targets.

Climate Action 100 +, which launched last December, is a five-year initiative that seeks to systematically Mobilize large institutional investors to print major greenhouse gas producing companies to modify their behavior. Shell has already started investing in solar energy projects and charging station networks for electric vehicles, but major shareholders of the Board of England Board Board and Robeco, a Dutch asset manager, publicly complained that the company is not doing nearly enough.

The list of the print groups's targets is long and Filled with global well-known companies such as Airbus, Bay Ag, Exon Mobile, Honda, Nestlé, Rio Tinto and Procter & Gambling.

Steam and smoke arose from the Belchatow Power Station as the adjacent kernel coal mine feeds the station on November 29 in Rogoviek, Poland. The Belchatov station is the world's largest lignite coal-fired power station, emitting approximately 30 million tons of CO2 per year. Poland is hosting the COP 24 conference this week. (Sean Gallup / Getty Images)

Some prominent Canadian firms are on the strike list, including Canadian Natural Resources Ltd, Imperial Oil and Tac Resources Ltd.

As of the past summer, the investors have already succeeded in getting into it 22 per cent of their 161 initial selections to agree to set science-based targets for reducing their greenhouse gas emissions.

Suncor Energy Inc., Canada's largest oil company, said that it expects to "dress" with the group at some point in the coming year. Steve Williams, Sunscor's president and CEO, made headlines this past summer by attacks climate change dentians and the politicians who cater to them.

Suncor Energy Inc. President and CEO Steve Williams took issue with climate change dentists. (Jeff McIntosh / Canadian Press)

"It is a matter of deep disappointment to me that science and economics have taken some strange political ownership. The science of the left wing is different from the right wing. , For Conservatives to take a conversation about, it's just a fact. They'll get some fax on the table & # 39; He was told during a June event in Calgary.

The type of Environmentally-known investing championed by Climate Action 100 + is quickly becoming a force in the global marketplace.

A recent report from the Non-profit Forum for Sustainable and Responsible Investment Found that the sector has increased by 38 percent over the past year, with US $ 12 trillion. It. In the United States, many of the biggest public pension funds are focused on green investing.

For example, Kalpers, which manages the $ 344 billion US $. It. Pensions Fund of California Public Employees, is a founding member of the Climate Action Group.

Anne Simpson, The investment director of the fund, issued a statement today, praised Shell's new commitments.

"The engagement shows the value of dialogue and global partnership to deliver the goals of the Paris climate change agreement. We look forward to other major companies after their lead. "


Polar bears in danger

Reporter Duncan Makiq went to northern Manitoba to talk about the health of the Polar people.

Have you ever heard a polar bear snore?

The National Computer Dave Rae has recorded unusual routes on the Cape Churchill tonight in northern Manhattan, while interviewing scientists about the iconic polar bears research.

The 320-kilo-snowing bear in question sounded like Grandpa, sprawled in an easy chair after an epic dinner dinner. He was one of five polar bears caught and released by biologist Nick Lunny and his collective day that we joined.

Biologist Nick Lun, the center, explains to CBC's Duncan McCoy as data collected from the two trilateral bears will be used in the Polar Bear Research Program. (CBC)

It was an extraordinary trip: Scouring the shoreline of Hudson Bay for Polar bears from a helicopter cockpit, the pilot deftly maneuvering so the bears could be traveling from the air.

Soon we were nailed to the massive animals, now sedated for 45 minutes or so, as two biologists quickly tested everything from the insisor to fat samples.

For me, it was amazing to connect the rough, white fur of a polar bear, then look straight in his eyes as he dopali noticed the scientists poking and prodding and evaluating him.

For lunar, it's just a business as usual.

He figures he has been involved in more than 4,000 polar bear captures during his nearly 40 year career with the Polar Bear Research Program operating in the Church of the Northern Studies Center.

The long-term data relates to a troubling story: More ice-periods in Hudson Bay are leading to lighter tears, fewer cubes and more mortality. (Duncan McCue / CBC)

Polar bears have been in October and November live in Churchill as they begin to move from their summer habitat to Tangra back to Seal Hunting Territory – the pack ice of Hudson Bay.

The Beers' Proximity to Churchill makes them the most taught polar bears in the world. Unfortunately, broad broadband data relates to a troubling story.

The West Hudson at the population of polar bears has fallen by more than 30 percent over the past four years.

"At some point down the road, if it keeps, it will not be a living population, they will not be," says Lun.

The biologists measure everything from the beads, to the insulator teeth, to fat samples. The West Hudson at population of polar bears has dropped by more than 30 percent because research started in the 1980's. (Duncan McCue / CBC)

Tonight The National, I'll take you along with an inside peak in the world-famous work of Dr. Nick Lunne and his research team, and explain what he believes in the church area Polar presents act as a sentinel for the changing climate around us.

If that sounds oppressive, however, here's a treat for you: the sound of a polar bear snoring:

This coincidentally snoring bear was tranquillized by Churchill, Man., As part of the research on the health of the population by the dr. Nick Lun and his team. 0:06
  • Watch: Duncan Maku's story about Churchill's polar bears tonight The National On CBC TV and streamed online

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Some words on …

A rather awkward offer.


Quote from the moment

"Right now, we are facing a human disaster of global scale, our greatest threat in thousands of years: climate change.If we do not take action, the collapse of our civilization and the extinction of much of the natural world is on the horizons. "

– Naturalist and TV host Sir David AttenboroughOpen the CP 24 YU climate change top in Poland with a longer warning.

World-renowned naturalist Sir David Attenborough delivers the 'Seat & # 39; s Seat & # 39; s Seat & # 39; s Seat & # 39; Address during the opening of the COP24 UN Climate Change Conference in Katowice, Poland, on Monday. (Casper Pempel / Reuters)


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Today in history

Canada welcomed 104,111 immigrants in 1960, but Annette Tope got the biggest reception. The 16-year-old dog was the millionth people to come to the country since the end of the Second World War. She was given a beauty-queen-style sash and the cameras waiting daxide in Quebec City to capture her reunion with her father who emigrated two months before the rest of his family. The tofts have been trying to get to Canada for 20 years.

Antento calls, from Denmark, is two millionth immigrant Canada since the Second World War. 0:28

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