Eugene Ellmen

Writer, #sustainablebusiness & #sustainablefinance

[Eugene Ellmen @EugeneEllmen]

BlackRock and major U.S. banks have headed for the exist at #GFANZ, plunging the organization into crisis. What does this mean for financial industry climate collaboration? Here's a backgrounder on the issue. @corporateknight https://t.co/4oLO8JAeo3

[Eugene Ellmen @EugeneEllmen]

The Net Zero Banking Alliance has now lost all of its leadership from the US banks. It's hard to see a path forward for global bank action on climate without the US at the table. #NZBA https://t.co/Q4VLBgCm4E

[Eugene Ellmen @EugeneEllmen]

With Donald Trump about to move into the White House in coming weeks, things are about to get chillier in the world of #sustainablefinance and #ESG. But it won't be a deep-freeze. My forecast in @corporateknight.

[Corporate Knights @corporateknight]

Take a look at the year ahead for sustainable finance with these seven predictions by @EugeneEllmen.

From anti-ESG attacks to climate disclosures and the green taxonomy, this is your almanac for sustainable investing in 2025.

https://t.co/FCgfivSAoW

[Eugene Ellmen @EugeneEllmen]

Andy Chisholm is a respected leader in Canada’s #sustainablefinance sector. Here’s his plea to take action to fight climate change and compete in the race to build a #netzero economy.

[Corporate Knights @corporateknight]

Investment industry veteran Andy Chisholm has a strong message for Ottawa: stop studying Canada's #decarbonization problem and just get on with it.

Read the full story by @EugeneEllmen ⬇️

#cdnpoli @isfcanada
https://t.co/fRXTELUsnR

[Eugene Ellmen @EugeneEllmen]

The key to making #carboncredits work is to ensure that projects financed by credits provide additional and permanent carbon removals that wouldn't have been achieved without credits. That's the work that still needs to be done. My take in @corporateknight.

[Corporate Knights @corporateknight]

The new int'l framework for carbon credits announced at #COP29 will create “cowboy carbon markets at a time when the world needs a sheriff," warns @CarbonMrktWatch.

Read @EugeneEllmen's latest on why the guidelines may fail to save carbon offsets.

https://t.co/S6LME5NZZm

[Eugene Ellmen @EugeneEllmen]

Trump's policies could unleash 1 billion more tonnes of CO2. But renewable power is cheap, #ESG investors are resilient and there is political support to save some #cleanenergy programs. My take on Trump and #sustainablefinance.

[Corporate Knights @corporateknight]

There are two schools of thought about the #ESG fallout from Trump's victory: some predict massively delayed climate transition; others say renewables will keep their momentum.

@EugeneEllmen surveys the mood among sustainable investors post-election:

https://t.co/323V2TrLEy

[Eugene Ellmen @EugeneEllmen]

The lack of #decarbonization progress at @ArcelorMittal_D is ringing alarm bells. The company needs to make a final investment decision and get construction underway. My piece @TheSpec #Hamont https://t.co/e1hfV56uUI

[Eugene Ellmen @EugeneEllmen]

Banks and large investment managers are turning away from #ESG and #ClimateAction, but pension funds are doubling down. My take in @corporateknight @PRI_News https://t.co/2AzchWkGrh

[Eugene Ellmen @EugeneEllmen]

3/3 Projects to displace more polluting fuels internationally (presumably, gas to displace coal) could be considered. But LNG plants claiming this are underway. They don't need new financing. LNG expansions could be proposed, but they wouldn't be economic or in the 1.5C limit.

[Eugene Ellmen @EugeneEllmen]

1/3 Chrystia Freeland's green and #transitionfinance labeling framework is long overdue and welcome. There are details to come, but the framework lays the foundation for billions in climate-oriented bonds, funds and investment strategies. More... https://t.co/LCKSrjRhEj

[Eugene Ellmen @EugeneEllmen]

2/3 New gas production (ie LNG plants) are very unlikely, given the declaration that the govt does not anticipate this will be eligible. More...

[Eugene Ellmen @EugeneEllmen]

Canadian mutual fund industry takes a stand on #ESGintegration. It's no longer sufficient to qualify a fund as a 'responsible' investment. https://t.co/niLwwxfa6S

[Eugene Ellmen @EugeneEllmen]

The vitriol expressed by some people recently about the state of downtown #Hamont prompted me to write this piece for @TheSpec. Yes, things are bad, but not irreversible. https://t.co/Bc68jDIePW

[Eugene Ellmen @EugeneEllmen]

Will #sustainablefinance face four more years of conflict and chaos under Trump, or stability and support under Harris? The voters will decide in November. My take in @corporateknight https://t.co/C5VoKueOCp

[Eugene Ellmen @EugeneEllmen]

The SBTi report and discussion paper have come out against #carbonoffsets in place of real corporate #decarbonization. Does this mean the carbon offset industry will fade away? Not necessarily. My article in @corporateknight.

[Corporate Knights @corporateknight]

A major @sciencetargets study found that carbon offsets are 'ineffective' at climate mitigation. @EugeneEllmen writes the report could further deepen troubles in the $2-billion carbon-offset market. https://t.co/oPQDyrqHND

[Eugene Ellmen @EugeneEllmen]

The federal government should demand a plan from Cleveland-Cliffs for reducing Stelco’s carbon footprint after its takeover, or how it will survive the market transition to #greensteel . My take in today’s Spectator. #Hamont https://t.co/PxpOUW6ttW

[Eugene Ellmen @EugeneEllmen]

The Trudeau govt has approved the $7B takeover of BC’s Teck coal mines, saying it represents generational assurance of environmental stewardship. But there are big gaps in the deal. Here’s my take in @corporateknight https://t.co/Ak23uRejcj

[Eugene Ellmen @EugeneEllmen]

2/2 Simultaneously, 80 leading civil society organizations are urging SBTi to continue to exclude offsets in their assessments of corporate climate plans. https://t.co/l8PME9eNax

[Eugene Ellmen @EugeneEllmen]

1/2 The CEO of the Science-Based Targets Initiative (SBTi) has resigned, just as the organization prepares to clarify its earlier endorsement of #carbonoffsets as a means to meet corporate climate targets. https://t.co/7clKTaH0bd

[Eugene Ellmen @EugeneEllmen]

Ontario's newly named ministry of energy and electrification will have a big role in determining how fast the province sheds natural gas and oil, and shifts to clean electricity. Here's my op-ed in today's @TheSpec. #Hamont #cleanenergy https://t.co/Q3B7bDjSsa