fossil fuels

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26 07 2021 | 10:33

‘Reckless’: G20 states subsidised fossil fuels by $3tn since 2015, says report

Support for coal, oil and gas remains high despite pledges to tackle climate crisis. The G20 countries have provided more than $3.3tn (£2.4tn) in subsidies for fossil fuels since the Paris climate…

23 07 2021 | 11:51

‘No need’ for new fossil fuels anywhere in world, says John Kerry

Speaking in London, the US climate envoy said world did not have ‘the luxury of waiting until Covid is vanquished to take up the climate challenge’ There is “no need” for any new fossil fuel…

23 07 2021 | 09:15

Global investors are moving away from the massive climate-related risks associated with fossil fuels

Top debt and equity investors committed over $300 billion in 2020 into building renewable energy capacity Despite the economic disruption from COVID-19, top global debt and equity investors are…

21 07 2021 | 10:35

Emissions will hit record high by 2023 if green recovery fails, says IEA

Worldwide energy body warns more must be done to help developing countries give up fossil fuels Global greenhouse gas emissions are likely to rise to record levels in the next two years, as…

17 07 2021 | 14:02

Calls for EU to quit energy treaty over lack of progress in talks

Leaked documents have revealed the "limited progress" in negotiations on a revision of the highly-controversial Energy Charter Treaty (ECT) - triggering renewed calls from environmental activists to…

17 07 2021 | 13:20

Clean energy is the future – so why are some investors still supporting the dying fossil fuel economy?

Institutional forces continue to prop up the fossil fuel economy, while both the market and public opinion are leaving it behind. This is as foolish as it is dangerous, writes Tom Steyer As far as…

12 07 2021 | 14:54

Taxpayers have spent at least $23B on pipeline subsidies and supports since 2018: report.

As calls to end government subsidies of fossil fuels grow in intensity, a new report finds that Canadian governments have allocated billions of taxpayer dollars to building and expanding new…

10 07 2021 | 07:17

How colonialism’s legacy makes it harder for countries to escape poverty and fossil fuels today

While fossil fuels were powering wealthy nations’ economic growth in the 19th and 20th centuries, many countries across the Global South remained largely impoverished.

05 07 2021 | 10:41

Five Asian countries account for 80% of new coal power investment

China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new…

05 07 2021 | 10:40

Dear Bank CEO, You Are Cordially Invited to Defund This Pipeline

Anti-oil activists are turning their focus on fossil fuel funding, aiming to stop the flow of money for good. Even by the standards of the chief executive of America’s biggest bank, March 31 looked…

29 06 2021 | 09:07

Carbon Labeling: How Seriously Would You Take It?

Some companies are calling for carbon labeling on consumer products, created and regulated by the UK’s 

26 06 2021 | 15:55

Majority of New Renewables Undercut Cheapest Fossil Fuel on Cost.

Countries urged to power past coal as new report confirms renewables would bring cost savings of USD 156 billion to emerging economies. Abu Dhabi, United Arab Emirates, June 22, 2021 – The share of…

18 06 2021 | 11:17

Maine becomes first US state to pass law to divest from fossil fuels.

Maine Governor Janet Mills signed the bill late on Wednesday Maine has made history by becoming the first US state to sign into law a commitment to divestment from fossil fuels. Governor Janet…

15 06 2021 | 11:06

The Retreat of Exxon and the Oil Majors Won’t Stop Fossil Fuel.

National oil champions are likely to fill the gap left by private-sector players—meaning emissions won't shrink as fast as the supermajors. When Exxon Mobil Corp. decided to get out of a big oil…

14 06 2021 | 09:44

G7 nations committing billions more to fossil fuel than green energy.

In spite of green rhetoric, money has piled into aviation and car industries since start of pandemic, report finds. The nations that make up the G7 have pumped billions of dollars more into fossil…

11 06 2021 | 15:06

Investors worth $41 trillion ask G-7 to end fossil fuel support.

A coalition of investors overseeing a combined $41 trillion of assets have called on world leaders to set more ambitious greenhouse gas emissions targets and end support for fossil fuels.

10 06 2021 | 13:13

Bloomberg: 32 of 44 PJM coal plants will be unprofitable in 2023.

Most of the coal plants that feed the biggest U.S. power grid will soon no longer be economic to run after prices in a key auction plunged to the lowest in 11 years. Of the 44 coal-fired power…

09 06 2021 | 11:22

EREF:Commission’s new proposed guidelines on State aid for climate, energy and environment are still incomplete and unfit for the green transition

The European Commission has launched yesterday a targeted public consultation on the proposed revision of the Guidelines on State aid for environmental protection and energy (“Energy and…

05 06 2021 | 12:31

The Guardian view on climate change lawsuits: Big Oil is in the dock.

Fossil fuel firms are being held responsible for greenhouse gas emissions. That’s a good thing

05 06 2021 | 12:06

Big Oil suffered three major blows this week: Is this the beginning of the end for fossil fuels?

Shell, Chevron and ExxonMobil were all brought to task over mounting climate concerns. This is just the beginning, writes Harry Cockburn The moment Royal Dutch Shell lost its court case in the Hague…