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2020: Fossil fuels are dead, long live the sun

GreenBiz

2020: Fossil fuels are dead, long live the sun. In this strangest of all years, as the death toll mounts from a disease caused by human incursions into once intact ecosystems, we’re observing another death — the demise of fossil fuels. In 2008, Exxon made a record $40.6 Hunter Lovins. Thu, 08/13/2020 - 00:15.

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GB News Owner’s Hedge Fund Has $2.2 Billion Fossil Fuel Investments

DeSmogBlog

billion) in fossil fuel firms. This includes companies that specialise in extracting, refining, transporting and distributing fossil fuels. million) shareholding in the oil and gas supermajor Chevron, as well as stakes in Shell, Equinor, and 109 other fossil fuel companies. billion (£1.8 million in April.

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'Out-of-control financial collapse': Fossil fuel market crash could cost UK £674bn

Business Green

Campaign group One for One warn fossil fuels should be viewed as the highest risk class of assets and urges government to tighten financial regulations to avert risk of a financial crash. The One for One rule will ensure that banks making high-risk fossil fuel investments shoulder that risk themselves," she added. "It

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Uruguay’s green power revolution: rapid shift to wind shows the world how it’s done

The Guardian: Energy

Stung by the 2008 oil price spike, Uruguay now produces up to 98% of its electricity from renewables. It was the 2000s, and fossil fuel prices were rising worldwide. Demand for energy in the country had grown by 8.4% Can other countries follow suit? Uruguay imports its oil, so it had a problem.

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Fossil Fuel Industry Given Billions in EU Hydrogen Support, Report Finds

DeSmogBlog

Over €8 billion is being invested in hydrogen and “renewable gas” projects in southern Europe using EU Covid-19 recovery funds, thanks to extensive lobbying by the fossil fuel industry, a new report has found. . The over-emphasis on hydrogen as a result of lobbying could lock Europe into decades more of fossil fuels.

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The fossil-fuel party is raging again, but Canada still needs a plan for the hangover to come

Clean Energy Canada

Canada’s oil and gas patch is partying like it’s 2008, though most Canadian drivers are not enjoying the festive mood. Commercial rents in downtown Calgary are on the rise, and long-thought dead fossil-fuel export projects have zombified. But what past instances lacked was a truealternative to fossil fuels.

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How to value solar plus storage

GreenBiz

"Solar plus battery storage can provide value in two ways: first, energy reliability for customers during emergency power outages, and second, during non-emergencies, to help the grid balance demand and generation," said Dawn Weisz, chief executive of California utility MCE, during a breakout session at last week’s virtual VERGE 20 event. .