Business Green

MARCH 17, 2020

Major study backed by 250 NGOs and environmental organisations claims financing for fossil fuels has risen every year since the Paris Agreement was signed. This makes it crystal clear that banks are failing miserably when it comes to responding to the urgency of the climate crisis.

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DeSmogBlog

JANUARY 4, 2024

Three-quarters of prizes at the UK’s top sustainable advertising awards went to agencies who work for the fossil fuel industry, a DeSmog analysis has revealed. Both agencies are owned by the London-based global media group WPP. Wunderman Thompson, Dentsu and WPP did not respond to requests for comment. . Credit: Sam Whitham.

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DeSmogBlog

NOVEMBER 11, 2022

From the world’s biggest soccer championship to soccer training for kids , from major universities to music festivals and art galleries to — if you can name it, fossil fuel companies have probably sponsored it. TotalEnergies will sponsor the 2023 Rugby World Cup in France.

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DeSmogBlog

OCTOBER 6, 2022

billion into fossil fuel projects around the world since the Paris Climate Agreement was signed in 2015, undercutting global efforts to combat the worsening climate crisis. The fact sheet stated: “In fiscal year 2021, the World Bank (IBRD/IDA) did zero new fossil fuel financing.

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DeSmogBlog

DECEMBER 13, 2023

Anxiety, depression and grief around climate change aren’t pathological: They are reasonable, natural reactions to a fearsome threat that has only grown stronger since the last “breakthrough” at Paris in 2015. The post Fossil Fuels Can Go Extinct — If We Take our Climate Anxieties Seriously appeared first on DeSmog.

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DeSmogBlog

AUGUST 3, 2023

Policy Exchange, one of Westminster’s most prominent think tanks, engaged in a high-level influencing campaign over the UK’s North Sea oil and gas policies while being funded by fossil fuel interests, DeSmog can reveal. Fossil fuel firms tout CCUS and hydrogen as green energy solutions, yet the reality is more complicated.

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Fossil fuels Building Energy Monitoring Business Energy Monitoring Energy Monitor 96

Grist

JULY 15, 2021

— These Onerous Obstacles Make Undoing Carbonization Hard. Can it really be that, on top of all those tasks, we have to pull carbon out of the atmosphere too? Zachary Byrum, a research analyst in carbon removal at the World Resources Institute, likes to compare our atmosphere to a rapidly filling bathtub.

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DeSmogBlog

DECEMBER 10, 2021

The UK government’s Hydrogen Strategy , launched in August, promises to develop a “thriving low carbon hydrogen sector” as a “key plank” of its climate plans, and the fuel was given pride of place at a “Hydrogen Transition Summit” hosted in Glasgow during the recent UN climate talks. Credit: Gaia Lamperti. Hydrogen Europe.

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DeSmogBlog

OCTOBER 18, 2021

Bank bosses due to attend a green investment summit tomorrow head institutions which have provided over £700 billion of financing for the fossil fuel industry since the 2015 Paris Agreement, including £129 billion in 2020 alone. . JPMorgan financed £230 billion in fossil fuels between 2016 and 2020.

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GreenTechMedia

OCTOBER 14, 2019

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. insisting that it could manage a carbon neutral grid as early as 2025. The growth of renewable energy capacity in the U.K.

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DeSmogBlog

NOVEMBER 4, 2022

Indigenous delegates said they had been amazed at the “wilful ignorance” they encountered when demanding global banks cease financing new fossil fuel projects on their ancestral lands in what is today North America. Lazcano is fighting TransCanada’s project to build the Tuxpan-Tula pipeline to import gas to central Mexico from Texas.

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Fossil fuels North America Pollution Natural gas 95

Envirotec Magazine

APRIL 25, 2024

It also looks at the persistence of fossil fuels in its energy mix. On the other hand, DNV forecasts fossil fuels will still account for 40% of its energy mix in 2050. Likewise, solar made up less than 1% of power generation in 2015 and in less than a decade this has risen to 5% today.

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Energy Monitor Solar Energy Monitor Building Energy Monitoring Energy 147

DeSmogBlog

APRIL 4, 2024

Since the Paris Agreement was signed in 2015, a small number of fossil fuel entities — just 57 corporate and state producers — have been responsible for 80 percent of planet-warming carbon dioxide (CO2) emissions. percent of fossil CO2 emissions between 1854 and 2022. million barrels of oil daily in 2019 to 1.5

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Fossil fuels Ocean acidification North America Pollution 116

DeSmogBlog

AUGUST 6, 2021

Plans by HSBC to buy and close coal plants in Asia have been dubbed a “cynical” attempt to clean up the bank’s image before the COP26 climate conference by “one of the world’s top financiers of fossil fuels”. HSBC, however, is the 13th biggest funder of fossil fuels in the world, according to the Rainforest Action Network.

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Business Green

JANUARY 28, 2021

HSBC and Barclays currently benefit from low levels of consumer awareness about their financing of high carbon activity, but could face of exodus of customers if public understanding of their fossil fuel investments improves. Funding fossil fuels has been Barclays and HSBC's dirty little secret," he said.

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Fossil fuels Ethics Investment Europe 79

DeSmogBlog

APRIL 20, 2021

We knew departments in our university took money from fossil fuel companies, but we were shocked by the sheer scale: since 2015, Oxford has received over £8.2 Incredibly, we found the fossil fuel companies themselves were generally more transparent about their research funding and donations than a public university.

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Business Green

OCTOBER 2, 2020

The University of Cambridge has committed to divest from all direct and indirect investments in fossil fuels by 2030, as the institution works towards its goal of reaching net zero greenhouse gas emissions by 2038. Meeting an interim target will see it reduce its CO2 by 75 per cent by 2030 from 2015 levels. warming scenario.

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Fossil fuels Carbon-neutral Climate change Investment 101

DeSmogBlog

MAY 21, 2021

The UK government gave over £150 million in tax breaks to fossil fuel companies in the space of three years, new research has found. A new paper out today reveals that tax credits for fossil fuel extractive companies to conduct research and development (R&D) increased by around £20 million year on year between 2014 and 2016.

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DeSmogBlog

JUNE 23, 2022

New large-scale fossil fuel projects have become mostly unworkable in the Pacific Northwest, with dozens canceled over the past decade due to fierce opposition from local communities. Then, when the Obama administration lifted the ban on crude oil exports in 2015, new oil export projects were in vogue.

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Business Green

OCTOBER 20, 2021

Production Gap report reveals governments still plan to produce more than double the amount of fossil fuels in 2030 than is consistent with limiting global warming to 1.5C. The third edition of the report concludes that despite the impact of the coronavirus pandemic the fossil fuel 'production gap' remains largely unchanged.

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Fossil fuels Global warming Government Construction 86

Business Green

NOVEMBER 13, 2021

Further wording was also added in the same sentence on coal and fossil fuels calling for "targeted support to the poorest and most vulnerable in line with national circumstances". They reconvened around an hour later with Sharma declaring that a "clean" and "balanced" text was on the table.

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Fossil fuels Packaging Climate change Government 101

GreenBiz

OCTOBER 13, 2020

supported $1.316 trillion in transactions for the fossil fuel industry. received $37 million in compensation for fossil fuel industry lobbying. The study analyzed litigation, transactional and lobbying work conducted from 2015 to 2019. Suffice to say, the jury is out.

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Climate change Fossil fuels Law Carbon-negative 511

Business Green

SEPTEMBER 30, 2021

Net Zero Festival: Leading figures from IEA, Carbon Tracker and Ceres unite in calls for more ambitious government action to shift away from fossil fuels. Campanale was optimistic that if such board-level activity grows across the high-carbon sectors, the fossil fuel industry would start to feel the economic pressure.

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Policy Carbon Fossil fuels Global warming 101

R-Squared Energy

JUNE 16, 2020

The fossil fuel industry has faced serious headwinds for several years, but the rise of renewables combined with the fall in consumption as a consequence of the global corona crisis is pushing it over the edge and into “terminal decline”. The fossil fuel industry has faced an oversupply problem, as well as a public relations problem.

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AGreenLiving

JULY 22, 2021

A report by BloombergNEF and Bloomberg Philanthropies shows that G20 countries have continued subsidizing fossil fuels at the expense of the environment. trillion in subsidies to fossil fuel since the Paris climate agreement in 2015. G20 nations subsidized $3 trillion in fossil fuels since Paris agreement.

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Fossil fuels Climate change Pollution Government 36

DeSmogBlog

APRIL 18, 2024

The Climate Change Act legalised the UK’s commitment to reducing carbon dioxide emissions by at least 80 percent by 2050 from 1990 levels. Truss writes that “we should cancel” the United Nations annual COP climate summit, and falsely claims that electric vehicles are worse for the environment than those powered by fossil fuels. “In

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DeSmogBlog

MAY 14, 2024

In the past, CT Group has lobbied for fossil fuel interests across the globe, working for the Australian Petroleum Production and Exploration Association, and the mining giant BHP. global warming target established by the 2015 Paris Agreement.

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Fossil fuels Politics Global warming Policy 106

GreenBiz

JULY 27, 2020

bank to commit to measuring and disclosing the climate impact of its loans and investments, announcing last week that it has joined a multi-trillion dollar group of global financial institutions developing a standardized method for carbon accounting. Morgan Stanley has become the first major U.S. trillion in assets. Pull Quote.

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Investment Fossil fuels Carbon Sustainability 428

DeSmogBlog

JUNE 9, 2021

Exxon is now putting Guyana at the heart of its plans to press on hunting for new fossil fuel supplies despite the climate crisis. ExxonMobil says it’s made 18 oil discoveries in Guyana since 2015 — the same year the Paris Agreement was adopted — and the company started production in earnest in December 2019. A Carbon Bomb”.

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Sea level rise Fossil fuels South America Climate change 98

DeSmogBlog

MAY 22, 2024

and other fossil fuel companies are urging the European Union to relax targets to boost climate-friendly “green” hydrogen, hoping to win greater support for projects to manufacture the fuel using natural gas. ExxonMobil Corp.

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GreenBiz

JULY 8, 2020

The companies said the jet fuel will be made from agricultural waste fats and oils (such as used cooking oil and inedible fats from beef processing). Amazon has pledged to reach net-zero carbon emissions by 2040, and says it will make sure half of Amazon shipments are net-zero by 2030. A drop in the fuel tank.

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Aviation Carbon-neutral Retail Carbon 522

GreenBiz

MAY 11, 2021

Net zero can be achieved, first and foremost, by cutting or eliminating greenhouse gas emissions and, secondarily, by offsetting any remaining emissions through such actions as planting trees, investing in renewable energy projects that replace fossil-fuel energy, or investing in novel carbon-removal technologies such as direct air capture.

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DeSmogBlog

APRIL 3, 2024

Of the 64 total board members at Omnicom Group , WPP , Interpublic Group (IPG), Publicis Groupe , Dentsu and Havas , 32 have significant experience in carbon-heavy sectors such as fossil fuels, fossil fuel financing, plastics, utilities, and aviation. Twenty-two are still serving in roles at such companies.

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Pollution Fossil fuels Aviation Carbon 77

Business Green

MARCH 3, 2020

Jupiter Asset Management has become the latest investor to put pressure on Barclays Bank to phase out the provision of financial services to the fossil fuel sector and utilities that are not aligned with the Paris climate goals. The company should report on progress on an annual basis, starting from 2021 onwards.".

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Fossil fuels Climate change Policy Carbon 41

Business Green

NOVEMBER 21, 2022

Anger is building over the failure to secure much-needed commitments towards phasing out unabated fossil fuels and tackling near-term emissions as part of the final agreement brokered at COP27 over the weekend, with critics warning the chances of limiting global warming to 1.5C target hangs by a thread after this year's summit.

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The Verge: Energy

SEPTEMBER 8, 2023

It’s the first “Global Stocktake” of the progress nearly 200 countries have made since they adopted the Paris agreement in 2015. Notably, the report uses language that somehow still tries to include fossil fuels in a future with clean energy. It also calls for phasing out “unabated” fossil fuels. Carbon emissions?

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Climate change Fossil fuels Politics Global warming 90

DeSmogBlog

AUGUST 12, 2021

Developing carbon capture and storage (CCS) capacity is a key feature of the UK’s strategy to reduce emissions and hit its climate targets. A number of big polluters, including fossil fuel companies, support and are involved in the UK’s CCS plans. . oil major Chevron, in partnership with other fossil fuel giants.

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Energy Monitor Building Energy Monitoring Business Energy Monitoring Carbon 98