fossil fuels

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18 05 2021 | 07:02

How banking bosses are linked to the world’s dirtiest fossil fuel.

Exclusive: Analysis reveals directors at three of the UK’s five largest banks have ties to the coal industry. Campaigners have called for greater regulation of banks’ carbon-cutting measures as…

15 05 2021 | 12:54

'Universal' faith in hydrogen could lock world into fossil fuel reliance: German study.

Potsdam Institute for Climate Impact Research concludes electrification should lead with H2 reserved for decarbonising air travel and heavy-emitting industries. Hydrogen should be reserved for…

14 05 2021 | 12:23

Indonesia utility will finish building 20GW of coal capacity before turning to renewables.

Indonesia’s biggest utility has pledged to stop building new coal power plants beyond its current pipeline of projects.  In a briefing to Indonesian media, Zulkifi Zaini, president of the state-…

13 05 2021 | 06:32

Electric cars ‘will be cheaper to produce than fossil fuel vehicles by 2027’.

BloombergNEF forecasts result of falling cost of making batteries as well as dedicated production lines. Electric cars and vans will be cheaper to produce than conventional, fossil fuel-powered…

07 05 2021 | 09:43

‘Unacceptable loopholes’ could undermine UK pledge to end overseas fossil fuel funding, campaigners say

Exclusive: Government’s policy to end overseas fossil fuel projects is ‘rhetoric over substance’, says Labour The UK’s pledge to end support for fossil fuels overseas is at risk of being undermined…

04 05 2021 | 10:29

Covid recovery must not be driven by fossil fuels, says Ed Miliband.

Exclusive: Shadow business secretary calls for the UK to ‘reckon’ with fossil fuels as The Independent launches campaign for greater action on climate. The world’s recovery from Covid-19 must not be…

03 05 2021 | 07:58

Greta Thunberg Tells Congress Fossil Fuel Subsidies Must End.

Swedish climate activist Greta Thunberg attacked powerful politicians for ignoring climate change, as she called for an end to government subsidies for fossil fuels such as coal and oil.

29 04 2021 | 09:50

Subic coal consortium withdraws from 660-megawatt coal project.

The consortium behind Redondo Peninsula Energy Inc. pulled out of the planned 660-megawatt coal-fired facility in Zambales province. RP Energy is a joint venture among Meralco PowerGen Corp., a unit…

29 04 2021 | 09:24

Oil and gas-rich Alaska seeking renewable alternatives to fossil fuels.

Concerns around energy independence and high costs have led many places in rural Alaska to look for renewable alternatives to fossil fuels. The Department of Energy recently announced the awardees of…

27 04 2021 | 17:15

Colorado legislature considers bill to divest state pension fund from fossil fuels

Colorado lawmakers, following lead of other major funds, seek to drop coal, oil and gas stocks A Colorado bill that would require the state’s employee retirement fund to drop investments in fossil…

27 04 2021 | 17:10

Carbon capture goals miss the mark at Boundary Dam 3 coal plant.

Carbon capture at SaskPower’s Boundary Dam 3 facility falls far short of projections. An announcement by a Canadian power company that it’s met carbon capture goals shouldn’t be taken at face value…

27 04 2021 | 17:04

PFI: Chinese banks “genuinely trying to exit coal”

The number of coal-fired power plants that still have project finance debt is greatly diminished today, whereas 15 years or so back they were all financed with non-recourse debt. Those that do have…

27 04 2021 | 10:07

Extinction Rebellion announces ‘wave’ of action against banks over fossil fuel investments

Group accuses banks of playing ‘deadly role’ in climate crisis.

27 04 2021 | 09:07

Seven arrested after Extinction Rebellion activists smash windows at Barclays’ London HQ

‘Compare a crack in a window to funding wildfires and flooded homes,’ says campaigner. Police have arrested a group of environmental activists who smashed the windows of Barclays’ London …

20 04 2021 | 12:54

CEO of Poland’s PGE utility acknowledges need ‘to move away from coal’.

Coal has obviously to be scrapped as a power source, the CEO of the Polish group which owns the EU’s biggest carbon-emitting power plant said on Thursday, underscoring a policy shift in a country…

20 04 2021 | 12:29

Group of U.S. utilities backs proposal to cut carbon emissions by 80% by 2030.

A group of U.S. electricity companies wrote to President Joe Biden this week saying it will work with his administration and Congress to design a broad set of policies to reach a near-term goal of…

20 04 2021 | 12:20

Fossil fuel pressure and risks mounting for multilateral development banks

Further reliance on coal and LNG will lead to ever larger and unsustainable fossil fuel subsidies. “Gas is over”, proclaimed chief of the European Investment Bank (EIB), Werner Hoyer, at the…

20 04 2021 | 10:42

The Powerful New Financial Argument for Fossil-Fuel Divestment.

A report by BlackRock, the world’s largest investment house, shows that those who have divested have profited not only morally but also financially.

18 04 2021 | 07:23

India demands US and other largest historic carbon emitters start taking responsibility for their actions.

Minister says rich nations should aim for ‘net-negative’, not net zero emissions, to allow developing countries to focus on growth. But could India itself still do more? Stuti Mishra reports

15 04 2021 | 09:56

Seven European countries end export finance for coal projects, boost renewable funding.

Seven European countries have formally committed to ending export finance agency support for fossil fuel projects, as efforts to curb public financing for high-emissions energy sources accelerate.…