Multinational Insurer Aims for Net-Zero, But What Does Net-Zero Really Mean?
Insurance giant Aviva has pledged to hit net-zero by 2030.
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Last month, former Bank of England governor Mark Carney kicked off somewhat of a firestorm by suggesting his employer’s investments were net-zero emissions, even though the company continued to invest in coal. The theory Carney was pushing was that because Brookfield, where he serves as vice-chair, invests massively in renewables, the emissions that those technologies avoid could be considered to "cancel out" emissions from the fossil fuels it owns.