fossil fuels

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15 01 2021 | 10:10

BlackRock holds $85bn in coal despite pledge to sell fossil fuel shares.

Loophole means asset manager can hold shares in firms earning less than a quarter of revenues from coal. BlackRock, the world’s largest asset manager, holds investments worth $85bn in coal companies…

15 01 2021 | 10:06

Climate change: Africa's green energy transition 'unlikely' this decade.

Fossil fuels are set to remain the dominant source of electricity across Africa over the next decade, according to a new study. Researchers found that around 2,500 power plants are planned, enough…

11 01 2021 | 14:30

Shareholders push HSBC to cut exposure to fossil fuels.

Europe’s second-largest financier of fossil fuels faces a vote to ramp up its climate commitments. HSBC could be forced to slash its exposure to fossil fuels – starting with coal – from next year,…

03 01 2021 | 08:55

Biden must be our 'climate president'. He can start by ending pipeline projects

There is no way to mine fossil fuels without driving the planet past 1.5C of warming and putting Indigenous communities at risk. As we prepare to turn the page on 2020, and inaugurate Joe Biden as…

27 12 2020 | 07:37

Stop believing in fairy tales: Australia’s coal industry doesn’t employ many people or pay its fair share of tax.

The evidence to the contrary comes from the Morrison government’s own data. Just as people in the Middle Ages mistakenly believed the sun revolved around the Earth, many modern-day Australians…

13 12 2020 | 07:40

UN Chief Pleads for Stronger Climate Policies to End Fossil Fuel Addiction.

"The state of the planet is broken. Humanity is waging war on nature. This is suicidal."

13 12 2020 | 07:36

UK urged to follow Denmark in ending North Sea oil and gas exploration.

Britain’s credibility as climate champion rests on bold and urgent action, say campaigners.

13 12 2020 | 07:07

Most Japan firms say government unlikely to meet carbon neutrality goal by 2050 - Reuters poll.

TOKYO (Reuters) - Japan is unlikely to meet its goal of eliminating greenhouse gases by 2050, a majority of firms in the country said in a Reuters poll, underscoring the challenges Prime Minister…

09 12 2020 | 11:30

'Historic Moment' as Climate Movement Takes on Big Oil at The Hague.

Representing more than 17,000 claimants who support climate action, the international organization Friends of the Earth on Tuesday opened its case against fossil fuel giant Shell at The Hague by…

07 12 2020 | 07:35

World is ‘doubling down’ on fossil fuels despite climate crisis – UN report.

Production must fall by 6% a year to avoid ‘severe climate disruption’ but Covid-19 funding is supporting increases. The world’s governments are “doubling down” on fossil fuels despite the urgent…

30 11 2020 | 07:40

Government 'reckless' over fossil fuel projects overseas, says Labour.

Labour has accused the government of being reckless with Britain’s international climate credibility by continuing to consider financial support for overseas fossil fuel projects before UN climate…

26 11 2020 | 15:53

Mining giant Fortescue plans massive global renewable energy buildout.

Andrew Forrest’s iron ore mining giant Fortescue Metals has unveiled stunning plans to build more than 235 gigawatts (GW) of renewable capacity, mostly wind and solar, to become a supplier of green…

20 11 2020 | 17:23

Dozens of Faith Institutions Announce Divestment From Fossil Fuels.

Climate action campaigners applauded Monday after 47 faith institutions from 21 countries announced they would divest from fossil fuels, marking the largest-ever joint divestment by religious leaders…

20 11 2020 | 16:47

What could a good green recovery plan actually look like?

What do governments across the world need to do to shift economies away from fossil fuels? What does a green recovery look like? That is the question governments around the world are considering as…

19 11 2020 | 09:43

Revealed: Covid recovery plans threaten global climate hopes.

Exclusive: analysis finds countries pouring money into fossil fuels to fight recession The prospect of a global green recovery from the coronavirus pandemic is hanging in the balance, as countries…

19 11 2020 | 09:38

High fossil fuel costs and unnecessary power developments like Lamu will lead to expensive electricity bills for Kenyans.

Kenya should make the most of its abundant renewable energy resources and reduce costs for consumers The belated release of Kenya Power’s financial results for the year ended 30 June 2019 confirmed…

19 11 2020 | 09:30

Fossil Fuels Still Receive Massive Funding From Developed Countries.

At least $170 billion of public money has been pledged to fossil fuel-intensive sectors since the start of the pandemic. The Paris Agreement demonstrates the world uniting to fight climate change;…

19 11 2020 | 08:54

Green bank shouldn’t fund gas-fired power, ex-officials tell federal MPs.

Former senior officers of renewable energy agencies say government’s bill would undermine Clean Energy Finance Corporation’s independence. Former leaders of Australia’s renewable energy agencies…

16 11 2020 | 06:38

Big Oil Splutters — How Will It Survive the Energy Transition?

In April, the price of oil turned negative for the first time in history, just after the coronavirus pandemic hit. As lockdowns were ordered across the world, demand for black gold plummeted,…

24 10 2020 | 12:44

BHP bosses defend company's decision to stay in gas and oil 'for the medium term'.

Chairman Ken MacKenzie tells AGM that fossil fuels will be part of the energy mix for decades. BHP management has batted away shareholder criticism of the miner’s intention to continue investing in…