28 June | London & Online

A decade on from Carbon Tracker’s inaugural report Unburnable Carbon: Are the World’s Financial Markets Carrying a Carbon Bubble? our Oil, Gas & Mining team revisits the analysis, looking at risks for both climate and transition risks. 

In 2011, we found about 80% of declared reserves owned by listed companies were at risk of stranding if the world should stay below 2C temperature rise. Since then, annual emissions and fossil fuel reserves with listed ownership have increased while the world’s ambition level has strengthened to not exceed 1.5˚C temperature rise.  

Despite the global distribution of oil, gas and coal mining production, the financing of these companies is concentrated in a small number of financial centres and stock exchanges.  

About 90% of global GDP and more than 2/3 of the world’s governments have made pledges or commitments to achieve “net zero” emissions within the next few decades. But if all these listed reserves are extracted and produced, the global emissions will take the world well beyond Paris climate agreement limits; and these stock exchanges will in effect help drive temperature rise well above 1.5 C or even 2.0 C degrees. Investors and financial regulators play a vital role in turning the tide, but is it happening fast enough?  

This event will discuss the latest analysis with a panel of industry experts and explore the climate impacts of companies listed in these financial centres and the risks that investors are exposed to, especially those in passive funds; what regulatory bodies can and should do; and ultimately look at why we continue to finance the fossil fuel industry.  

Speakers include:

  • Mark Campanale, Founder & Executive Chair, Carbon Tracker
  • Mike Coffin, Head of Oil, Gas & Mining, Carbon Tracker
  • Nick Robins, Professor in Practice – Sustainable Finance, LSE
  • Tiffany Grabski, SSE Academy Head, UN Sustainable Stock Exchange
  • Thom Allen, Analyst, Oil, Gas & Mining
  • Oscar Warwick Thomposon, Head of Policy & Communications, UKSIF
  • James Muray, Editor, BusinessGreen

 This event will be held in-person in London with a livestream for global audiences.  

*Please note that the in person event is invite-only*

 

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