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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

Paul Marshall is the chairman and chief investment officer of Marshall Wace, a London-based hedge fund that he co-founded in 1997. Marshall Wace is now one of the world’s largest hedge funds – an investment vehicle that bets on rising and falling share prices – with around $63 billion (£51.9 billion) in fossil fuel firms.

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Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement

GreenBiz

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. As fossil fuel companies' social license to operate becomes increasingly frayed, more industries in their orbit are getting entangled in the reputational quagmire that is now part and parcel of any activity that exacerbates the climate crisis.

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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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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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Central Banks Helping Funnel Trillions of Dollars into Fossil Fuels Despite Climate Pledges, Research Finds

DeSmogBlog

Central banks are continuing to help channel trillions of dollars into fossil fuels through policy decisions and direct financing, with overall sums rising in recent years, a new report has found. The report calls on governments to update the mandates of the banks to support the managed decline of fossil fuels.

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Ex-COP26 President’s Role at Fossil Fuel ‘Astroturfing’ Firm Approved

DeSmogBlog

Former UK Energy Minister and original COP26 President Claire O’Neill has been cleared to take up a role at a business consultancy known for running “astroturf” campaigns for fossil fuel companies, despite warnings from the body that approves such appointments. Oil and Gas Industry Groups.