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The architect of the Paris Agreement says Brazil will not be influenced by fossil fuel companies like previous petrostate COP hosts, even if the Latin American nation is looking to expand exploration of oil in the Amazon rainforest.
A fifth of the lender’s portfolio faces high nature-related risks, says sustainability head Eric Lim, noting water’s broad impact and the lack of target-setting tools. Oil and gas, though a focus sector, was excluded from its analysis.
The environmental watchdog published analysis warning that there is a "wide trend" of carbon capture, use and storage initiatives in Malaysia linked to fossil fuel expansion. It is one of 19 organisations backing a memorandum to the Senate calling for a controversial CCUS bill to be stopped.
South America's vulnerable Amazon rainforest region is a rising frontier for oil and gas drilling.
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