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More than 130 companies including Ikea, Volvo ask world leaders to ‘phase out’ fossil fuels

The Verge: Energy

. | Photographer: Krisztian Bocsi / Bloomberg via Getty Images More than 130 companies, including Volvo Cars, Ikea, Unilever, Nestlé, and AstraZeneca, signed a letter calling on governments to adopt a global plan to phase out fossil fuels without carbon capture during upcoming international climate negotiations.

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Report: As Climate Crisis Expands, Canada Still Hands Billions to Fossil Fuel Industry

DeSmogBlog

billion supporting the fossil fuel and petrochemical industry. To put that in context, Environmental Defence’s “Canada’s Fossil Fuel Funding in 2023” report estimates that the Canadian government’s accumulated subsidies to the oil and gas sector over the last four years was at least $65 billion.

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The world came tantalizingly close to a deal to phase out fossil fuels

The Verge: Energy

The beginning of the end for fossil fuels? This text is a step forward on our path towards phasing out fossil fuels, but is not the historic decision we hoped for.” More than 100 countries came to the table pushing for an official agreement to “phase out fossil fuels.”

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California Pension Funds Have Billions Invested in Fossil Fuel Companies Named in State’s Lawsuit

DeSmogBlog

Over the past month and a half month, California lawmakers have enacted a pair of climate disclosure bills and endorsed a global call to end the fossil fuel era. CalPERS and CalSTRS defend their fossil fuel investments. degrees C, the goal established in the 2015 Paris Agreement.

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French Oil Company Total ‘Knew About Global Warming Impact in 1971’, Study Finds

DeSmogBlog

French oil giant Total knew that its fossil fuel extraction could contribute to global warming as early as 1971 but stayed silent about it until 1988, according to a new study. In 2018, 89 percent of global carbon dioxide emissions came from fossil fuels and industry.

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Leading Think Tank Met With Minister Over North Sea Energy While Funded by Fossil Fuel Interests

DeSmogBlog

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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Banks Due At UK’s ‘Green’ Investment Summit ‘Financed £700 Billion in Fossil Fuels Since Paris Agreement’

DeSmogBlog

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.