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SBTi shuts door on carbon target validation for fossil fuel firms and suppliers

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The Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action, has made change to its criteria and will no longer accept pledges or validate targets from fossil fuel companies.

This policy is effective immediately and previous pledges made by fossil fuel firms via the SBTi's dashboard will be withdrawn by March 10.

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