Civil society organizations criticize GSCC certification for ignoring social and environmental impacts of steelmaking and lacking meaningful measures to reduce emissions
WASHINGTON, D.C. – Today civil society organizations published an open letter calling on policymakers, steelmakers, and buyers to disregard a recent “standard” released by the Global Steel Climate Council. The organizations argue that this standard, which was created to influence trade agreements, including a pending deal between the United States and European Union, favors the existing practices of a small fraction of steelmakers in wealthy nations rather than creates mechanisms to meaningfully decarbonize global steelmaking, and should be ignored in any government standards or trade agreements. Lue lisää “New industry-led “standard” for low-emissions steel slammed as EU-US trade deal looms”
Since the adoption of the Paris climate agreement, Nordea has poured 12.4 billion euros into fossil fuel companies – such as the fossil company Fortum, one of Europe’s biggest emitters.
Nordea has committed to net-zero in 2050. However, distant promises are not enough and we are demanding meaningful action now. Nordea’s new climate policy is not aligned with the Paris Agreement.
We demand that Nordea:
- Phases out existing financing for coal
- Ends financing for all projects that expand fossil fuels
- Commits to drop clients that don’t align with 1.5C
Join Stop funding fossil fuels, Nordea! demonstration at the company’s headquarters (Satamaradankatu 5, 00580 Helsinki) on the 29th October at 8.30-9.30 am. The demonstration is part of the international #DefundClimateChaos action day.
Before the demonstration, there will be an online briefing on Nordea’s role in the climate crisis on 26 October at 5-6 pm. You can participate even if you can’t make it to the demonstration but are interested in learning more.
The conveners of the demonstration are Hiilivapaa Suomi, Fridays For Future Finland, 350 Suomi, Friends of the Earth Finland and XR Finland.
Finnish majority state-owned energy company Fortum/Uniper has confirmed in its new strategy released today that it does not intend to align its business with the goals of the UN Paris climate agreement, opting instead to track inadequate national government coal phase-out plans, in defiance of the requirements of its majority shareholder.
Lue lisää “Fortum/Uniper leave Finnish government red-faced due to Paris-incompatible strategy”
Fortum failed yet again to address the concerns of civil society and environmental organisations in this year’s AGM. The Finnish state-owned company did not properly comment on its subsidiary Uniper’s new coal plant, its emissions in Russia or other fossil fuel investments, which will lock Fortum and Uniper into polluting energy production for a decades.
Lue lisää “Fortum defends coal power at their AGM by emphasising emissions trading”