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Public Pension Funds Have Lost Billions on Their Fossil Fuel Investments: New Analysis

DeSmogBlog

public pension funds would have been about 13 percent higher had they divested from fossil fuel holdings ten years ago – equivalent to around $21 million in earnings. without the fossil fuel holdings. The analysis found that while the total actual value of the six funds was $402.8

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WPP Has More Fossil Fuel Clients Than Any Other Advertising Company, Report Finds 

DeSmogBlog

Global advertising and public relations company WPP has more contracts with fossil fuel clients than any of its rivals, despite the group’s pledge to reach net zero emissions by 2030, according to a report by campaign group Clean Creatives. Omnicom followed with 39 contracts; Interpublic Group had 25; and Publicis Groupe had 11. “The

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Could green hydrogen be key to a carbon-free economy?

GreenBiz

Could green hydrogen be key to a carbon-free economy? The Saudis are going big on something called green hydrogen — a carbon-free fuel made from water by using renewably produced electricity to split hydrogen molecules from oxygen molecules. is California’s aggressive push toward a carbon-neutral future. Jim Robbins.

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Renewable Power Topped Fossil Fuels in UK During Q3

GreenTechMedia

Renewable energy sources generated more electricity than fossil fuels in the U.K. for the whole of the third quarter, the first time that has happened, according to research by the Carbon Brief. Biomass grew from 285 megawatts in 2009 to almost 4.5 insisting that it could manage a carbon neutral grid as early as 2025.

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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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'The G20 has failed to deliver': Study slams continued increase in fossil fuel subsidies

Business Green

New Climate Transparency report reveals fossil fuel production subsidies surged to highest levels on record in 2021. G20 government support for producing and consuming fossil fuels reached a record high in 2021, despite publiuc commitments to end inefficient fossil fuel subsidies and accelerate the clean energy transition.

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A Nordic energy giant shows how a carbon turnaround happens

Business Green

Offshore wind energy powerhouse Orsted demonstrates that a pivot away from fossil fuels is possible. Once this largest source of carbon emissions is greened up, the second-largest, transportation, can tap renewable energy via electric vehicles. In fact, many are still adding coal alongside renewables.

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