Greenwashing, ESG backlash and transitions

While major banks publicly announce more funding for green projects and India strengthens its transition policies, several US states are moving in the opposite direction

The world’s focus should be on phasing out emissions from fossil fuels rather than fossil fuels themselves. That is the message coming from the president of the next global climate conference.

“In a pragmatic, just and well-managed energy transition, we must be laser focused on phasing out fossil fuel emissions, while phasing up viable, affordable zero-carbon alternatives,” COP28 President Sultan Al Jaber, who also heads Abu Dhabi National Oil Co, was quoted as saying at the Petersberg Climate Dialogue in Berlin earlier this week.

Yet, bans on certain fossil fuels are a way of life in many parts of the