Big Climate Targets: BlackRock, Cenovus, Microsoft, Starbucks

Corporations and financiers are making big climate commitments. First, we look at Cenovus Energy’s new net-zero 2050 commitment. The oil sands producer joins a club of other Canadian producers with big reduction targets.  Meanwhile, Microsoft announced the most ambitious corporate reduction goal yet, to be net-negative in a decade and by 2050 to remove all of their historical emissions dating back to when the company was formed in the 1970s. Starbucks also made a big pledge this week. We finish the discussion talking about the economic outlook and implications for oil demand, and why climate is factoring into this topic too. Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/The post Big Climate Targets: BlackRock, Cenovus, Microsoft, Starbucks first appeared on ARC Energy Research Institute.