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News round-up: Axa, Macquarie, NY State Retirement Fund, Ambienta

Axa IM launches net-zero carbon credit strategy

Companies failing to meet own emissions targets, says TPI

Companies are not cutting their emissions fast enough to hit their own 2030 or 2050 emissions reductions targets, according to the Transition Pathway Initiative (TPI).

Campanale: EU has 'bowed to the industry lobby' on natural gas

Mark Campanale, founder of the Carbon Tracker initiative, has criticised recent proposals to include some activities using natural gas in the EU Taxonomy, claiming it represents the document being shaped by political and industry interests.

EU taxonomy removes agriculture and offers concession to gas

Stranded assets are a long-term risk for major fossil fuel exporters

The transition to a low-carbon economy could be a similar shock to oil revenue as occurred in 2013-2016 and again in 2018-2020, when two oil exporters defaulted, says Ed Parker.

Exxon adds Ubben to board ahead of AGM

ExxonMobil has appointed Jeff Ubben to its board, in an apparent concession to demands made by the activist investor to reposition its business model to reduce the impact of its business on climate change.

Exxon urged to implement net zero targets, board reshuffle

Rio Tinto presents 'Scope 3 targets', will give 'say on climate' at 2022 AGM

Mining company Rio Tinto said it has set Scope 3 emissions reduction goals and announced that it intends to give investors a say on its climate-related disclosures from next year.

CA100+ investors 'raise ambition' with five key shareholder resolutions

Climate Action 100+ (CA100+) says key shareholder resolutions filed with the likes of ExxonMobil, Berkshire Hathaway and General Motors are a sign of "raised ambition" among investors in this year's annual general meeting (AGM) season.