fossil fuels

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10 06 2020 | 07:39

Governments should use Covid-19 recovery efforts as an opportunity to phase out support for fossil fuels, say OECD and IEA .

As governments design stimulus measures for economies hit by the Covid-19 crisis, they should seize the opportunity of historically low oil prices to redirect some of the half a trillion dollars…

07 06 2020 | 11:44

Fossils’ five-year spending plan shows $17.5b for renewables, $166b for new oil and gas.

Despite fossils’ loud claims to be taking the climate crisis and the renewable energy transition seriously, they only plan to spend US$17.5 billion on solar and wind projects over the next five years…

07 06 2020 | 10:23

6 major financial institutions join alliance to shift away from coal.

Six financial institutions strengthened their commitment to ending coal power financing by signing on to the Powering Past Coal Alliance during Ceres' 2020 Investor Summit on Climate Risk.

05 06 2020 | 09:24

The Other Fossils in the Boardroom.

The sustainable revolution hasn’t reached the top levels of the biggest U.S. and European banks. The world’s largest banks have issued billions in loans to sustainable businesses and taken some…

02 06 2020 | 08:57

New Report Details How G20 Nations Spend $77 Billion a Year to Finance Fossil Fuels.

Even after the world's largest economies adopted the landmark Paris agreement to tackle the climate crisis in late 2015, governments continued to pour $77 billion a year in public finance into…

02 06 2020 | 08:47

How and where to “keep it in the ground”.

Construction of the Haringvliet Zuid energy park, that combines a large-scale solar farm (38 MW) with a wind farm and a battery storage system, has begun. Belectric will also take on the operation…

31 05 2020 | 07:34

States Sue to Block Trump From Weakening Fuel Economy Rules.

At stake in the lawsuit is the single biggest effort by the United States to fight the climate crisis. Led by California, nearly two dozen states sued the Trump administration on Wednesday over its…

25 05 2020 | 07:52

Fossil fuel industry applauds Coalition climate measures that support carbon capture and storage.

Environmentalists say the Morrison government is directing emissions reduction funding to polluting companies. Fossil fuel industry groups and companies have applauded new climate change measures…

24 05 2020 | 09:39

Climate change talk has been around for 30 years. Where's the action?

I can't tell you what I was doing on June 23, 1988, though I can take a guess. I was a week or so from finishing my journalism course and — how times have changed — I'd already been offered a job.…

21 05 2020 | 11:35

Do Fuels Made From Plastic Make Eco Sense?

Yogurt pots, shampoo bottles, coffee-to-go lids, bubble wrap — plastic products are all composed of the same building blocks: long carbon chains.

20 05 2020 | 13:26

Norway’s giant oil fund ditches stake in Australia's AGL over fossil fuel concerns.

Trillion-dollar fund also puts BHP on ‘observation list’ carrying risk of future divestment. Norway’s gigantic sovereign wealth fund has dumped its stake in the Australian energy company AGL, which…

18 05 2020 | 12:47

Rockefeller fund reveals case study of success after divestment from fossil fuels.

Five years on from divesting from fossil fuels, the Rockefeller fund has released a new case detailing its success. This week, the Rockefeller Brothers Fund (RBF) released a new case study detailing…

15 05 2020 | 08:10

EU weighs options for gas grid in zero carbon world.

The European Commission is considering three options for future investments in gas infrastructure as Europe moves towards “climate neutrality” by 2050, according to a leaked memo seen by EURACTIV. A…

15 05 2020 | 07:58

GOP lawmakers accuse Wall Street of "discriminating" against fossil fuels during coronovirus pandemic.

Republican members of Congress are coming to the defense of oil, gas and coal companies they say face “discriminatory” lending practices from Wall Street banks that have caved to pressure from…

11 05 2020 | 07:45

Coal Loses Backing From Another Big Bank.

Financing a thermal coal project in Australia just got a little bit harder after Westpac Banking Corp. said it would exit the sector by 2030, leaving Australia and New Zealand Banking Group Ltd. as…

08 05 2020 | 08:06

Under Pressure, JP Morgan Chase Demotes Former Exxon CEO Lee Raymond from Board Leadership Role .

New York, NY — Bowing to pressure from climate and shareholder activists, JP Morgan Chase will be demoting former Exxon CEO Lee Raymond from his Lead Independent Director position on the bank’s board…

07 05 2020 | 07:32

Fossil fuel firms linked to Trump get millions in coronavirus small business aid.

Revealed: Oil and mining firms – some with ties to Trump officials – taking advantage of funding, review shows US fossil fuel companies have taken at least $50m in taxpayer money they probably won’t…

25 04 2020 | 13:20

What’s Holding The Renewable Revolution Back?

For at least the last decade, renewable energy seems to have been accelerating at a ferocious pace. Every other day you can read about a new technological breakthrough or another incredible milestone…

25 04 2020 | 12:02

"Coronavirus profiteers' condemned as polluters gain bailout billions

Leaders condemn backing of global sectors that disregard green economy goals. Polluting industries around the world are using the coronavirus pandemic to gain billions of dollars in bailouts and to…

09 04 2020 | 10:55

New renewable energy capacity hit record levels in 2019.

Most new electricity globally was green and coronavirus bailouts must boost this further, says agency.