"Climate risk is investment risk."

Activist hedge fund firm, Engine No. 1, claimed three board seats at ExxonMobil following their campaign pushing the company to shift focus away from fossil fuels. Their move was supported by the “Big Three” institutional investment firms BlackRock, Vanguard, and State Street after successfully making the business case that climate risk is financial risk. The majority of the votes came from the pension funds, asset managers, and big institutional investors because they saw the business risk in the ExxonMobil's strategy.

Is this a turning point for the oil and gas companies?

Join us on June 30th for a Green Learning Network event focused on the energy transition.

Event Description: We urgently have to scale up both the workforce and awareness needed for a clean energy transition. This requires bold efforts in education and workforce training to produce a new generation of energy professionals, reskill the current workforce and create informed consumers.

This interactive event, sponsored by the Green Learning Network, the International Renewable Energy Agency, REN21 and UNEP’s Youth and Education Alliance, brings together panelists at the forefront of renewable energy education and training to share innovative approaches to skill building and is useful for anyone interested in building a more sustainable future.

We will explore both challenges and solutions in areas such as adapting curricula to meet emerging knowledge and skills requirements; the role of educators across all levels and disciplines in helping students understand the opportunities and massive growth in clean energy careers; and systemic reform needs. The session will include discussion of resources, successful examples, solutions and sharing mechanisms during this interactive session.

Registration link: https://lnkd.in/dEVXT6m

A growing number of countries in Latin America and the Caribbean are gearing up to produce clean hydrogen, driven by their abundant renewable energy resources, the need to decarbonize their economies, and the huge potential for hydrogen exports. Just how far along is the region’s nascent hydrogen sector?

People depend on water in so many ways. Rivers provide people with drinking water, irrigation for crops, habitat for fisheries, recreation opportunities like swimming and boating, and so many important cultural benefits. They also can provide a tremendous amount of energy through hydropower.

Hydropower dams can play an important role in helping developing economies transition to a cleaner energy system that also meets the needs of their people. But the environmental externalities — the side effects — of dams can be catastrophic.

The IEA's recent "Net Zero by 2050" report designated Carbon Capture and Sequestration (CCS) as one of seven pillars needed to achieve mid-century climate neutrality and limit global heating. Can CCS really be used as the technological fix to mitigate climate change while many oil and gas industries are using the technology to produce more fossil fuels?

Interesting article in the Guardian that highlights the delicate politics that can make or break real progress on achieving net zero emissions by 2050

The Biden administration set a goal of reducing the cost of producing clean hydrogen, a fuel that could reduce dependence on others that emit greenhouse gases that cause climate change.

The Department of Energy (DOE) set a goal for hydrogen made with clean power, such as renewables and nuclear energy plants, by 80% to $1 per kilogram in a decade.

The Biden administration on Tuesday suspended oil drilling leases in the Arctic National Wildlife Refuge.