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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Fossil fuels Education Organic South America 87

Business Green

MAY 29, 2020

International Energy Agency and Imperial College London research further underlines strong investment case underpinning renewables sector. In the US, renewable power stocks rose over 200 per cent between 2010 and 2020, more than double the total gains for fossil fuel stocks, which climbed 97 per cent.

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Fossil fuels Investment Climate change Resilience 88

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 Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, gave the project $1.1 The World Bank Group has funneled $14.8

Fossil fuels 88

Fossil fuels Policy Natural gas Investment 88

Impact Alpha

JUNE 22, 2020

ImpactAlpha, June 22 – The Vatican’s call last week urging Catholic congregations to divest from fossil fuels came in a 225-page manual meant to provide practical steps for implementing Pope Francis’ 2015 encyclical on climate change. Journeying Towards Care For Our Common Home’ calls for the world’s 1.2

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Fossil fuels Investment Climate change 59

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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Fossil fuels Investment Asia Pollution 76

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. China, already a leader in renewable energy investments, will more than quintuple renewable energy installations by 2050.

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Energy Monitor Solar Energy Monitor Building Energy Monitoring Energy 130

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 92

DeSmogBlog

DECEMBER 10, 2021

An in-depth article by the website Carbon Brief argues that the fuel is unlikely to be taken up universally, particularly as “the volume required to satisfy all the possible applications for low-carbon hydrogen would likely far exceed the amount available, even if production is significantly scaled up.”. Credit: Gaia Lamperti.

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Fossil fuels Hydrogen Europe Natural gas 96

DeSmogBlog

MAY 13, 2022

A newly published report by Fossil Free California finds California’s pension fund managers are circulating divestment “misinformation” by exaggerating the costs involved in shedding their fossil fuel investments in documents prepared for state lawmakers. The two pension funds have estimated holdings of $7.4

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Fossil fuels Investment Climate change Law 94

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 91

Business Green

JANUARY 28, 2021

One in 10 consumers could leave their high street bank if made aware of the institution's investments in coal, oil, and gas, survey suggests. per cent of people said they were "very likely" to consider switching to a more ethical bank once presented with the facts about the two banks' leading role in financing the fossil fuel industry.

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Fossil fuels Ethics Investment Europe 79

Business Green

OCTOBER 2, 2020

The university outlined a staggered approach to divestment through to 2030, and said it will invest instead in renewable energy. 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.

Fossil fuels 101

Fossil fuels Carbon-neutral Climate change Investment 101

DeSmogBlog

APRIL 20, 2021

Last year, it committed to selling its multimillion-pound investments in oil and gas companies, after years of student campaigning, and more recently it launched an ambitious Sustainability Strategy. There are signs Oxford University is slowly “getting it” when it comes to climate change. million in research grants and £3.7

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Fossil fuels Climate change Policy Ethics 96

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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Fossil fuels Innovation Government Climate change 98

Business Green

MARCH 30, 2021

Analysis of investments made by nine of the world's biggest development banks has found that they spent four times more on clean energy than fossil fuels in 2020. However, such positive signs of progress are marred by the banks' ongoing support for fossil fuel infrastructure.

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Fossil fuels Energy Energy Investment 73

Grist

JULY 15, 2021

We talk so much about the supreme challenge of reducing emissions — something that already requires transitioning our entire economy away from the burning of fossil fuels, adapting to existing climate threats, and doing all that in a way that at the very least doesn’t add to the burdens of already marginalized communities.

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Fossil fuels Carbon Climate change Technology 118

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 517

Smart Energy International

FEBRUARY 15, 2022

This initiative brought together banks across the world committed to aligning their lending and investment portfolios with net-zero emissions by 2050. The fossil fuel giants receiving the funding/loaning included Exxon Mobil, Shell, BP, and Saudi Aramco. Global investment in energy transition enablers rises by 27% – BNEF.

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Investment Fossil fuels Energy Energy 98

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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Fossil fuels Nuclear Power Carbon-negative Natural gas 60

DeSmogBlog

APRIL 18, 2024

government to spur green technology investment. Restricting global temperatures to this threshold – the target agreed by the UK as part of the 2015 Paris Agreement – would prevent the worst and most irreversible effects of climate change, including floods, droughts, heatwaves, and wildfires. is beyond reach.

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COP Law Fossil fuels Climate change 125

Envirotec Magazine

MARCH 6, 2023

In recent years, there has been a growing concern about the impact of human activity on the environment, and the need to reduce our reliance on fossil fuels in order to combat climate change. This means that, by using solar panels, we can reduce our dependence on fossil fuels and the damaging effects they have on the environment.

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Fossil fuels Climate change Energy Energy 130

Business Green

OCTOBER 6, 2022

Global investment needs to rapidly shift away from fossil fuels to green energy throughout the 2020s, but bets against that happening look increasingly risky. What does energy investment look like today? But what does the actual investment ratio look like today, and is the world anywhere near being on track for 1.5C?

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Fossil fuels Investment Energy Energy 68

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.

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Sea level rise Fossil fuels South America Climate change 96

DeSmogBlog

MAY 26, 2021

Inadequate bonding requirements means there is a serious gap in available funding to properly clean up after the fossil fuel industry. shale industry has burned through hundreds of billions of dollars in cash, and there have been more than 250 bankruptcies of North American oil and gas companies since 2015. Credit: BLM. (CC

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Fossil fuels Natural gas Education Health 98

DeSmogBlog

DECEMBER 4, 2023

An investment fund backed by the UAE has reached an agreement to buy The Telegraph and its sister publication the Spectator and erase the £1.16 based RedBird Capital and International Media Investments (IMI) of Abu Dhabi. billion debt of the Barclay brothers, their current owners. The UAE-backed fund is a joint venture between U.S.-based

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Fossil fuels Investment Policy Government 98

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 68

DeSmogBlog

SEPTEMBER 30, 2021

Durham PA, 2015. They’ve got a guaranteed return on their investment.”. The post PennEast Pipeline Cancelation Could Signal ‘End of an Era’ for Unnecessary Fossil Fuel Projects appeared first on DeSmog. Jordan Cove is all but dead. Credit: ScubaBear68. (CC CC BY 2.0). told DeSmog. “If

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Fossil fuels Natural gas Construction Law 98

Business Green

JUNE 23, 2022

Latest projections show global energy investment set to rise eight per cent this year, driven by surging investment in clean energy infrastructure. The IEA's World Energy Investment 2022 report, published yesterday, predicts that global energy investment is to increase by eight per cent in 2022 to reach $2.4tr.

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Investment Energy Energy Global warming 81

GreenTechMedia

MARCH 10, 2021

Startup A tmos Financial ensures that the money its customers deposit will only go to clean energy projects, rather than funding fossil fuel infrastructure. Climate fintech takes aim at the historical entanglement between major banks and the fossil fuel industry to create forms of banking that don't lead to more carbon emissions.

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Startups Fossil fuels Energy Energy 130

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. A version of this article first appeared at Investment Week.

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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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Fossil fuels Global warming COP Climate change 36

Business Green

APRIL 28, 2022

UK Minister for Exports Mike Freer explains how the UK's export credit agency has been working to meet its commitment to end financial support for fossil fuel projects abroad. Just over a year ago, the UK ended financial support for fossil fuel projects overseas. We hope that other ECAs will join in our ambition.

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Fossil fuels Asia Government Climate change 36

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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Carbon-neutral Fossil fuels Carbon Technology 512

Clean Energy Canada

DECEMBER 20, 2023

C warming limit that was the central aspiration of the 2015 Paris Agreement. The final wording of the COP28 agreement – which required consensus among all nations and the chair – codified a commitment to transition away from fossil fuels in energy systems. But all was not lost. The world is starting to notice.

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Fossil fuels COP Investment Demand 52

Envirotec Magazine

FEBRUARY 7, 2023

2 This led to investment in new biomethane production infrastructure, which the world critically needs to cut methane emissions from organic wastes and generate green gas, biofertilisers and bioCO2, but this will no longer be possible under the proposed new guidance. using fossil fuels); scope 2 are from the purchase of energy (e.g.

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Oceania Methane Fossil fuels Logistics 234

DeSmogBlog

FEBRUARY 15, 2024

The Climate Change Committee, the independent body that advises the government on its net zero policies, warned on 30 January that mixed messages, including new fossil fuel projects, have damaged the UK’s international climate standing. million in donations from fossil fuel interests and climate science deniers in 2022.

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Global warming Fossil fuels Climate change Policy 144

Business Green

NOVEMBER 15, 2020

Car giant earmarks half its total investment spend for EVs, hybrid cars, AI and autonomous driving over the next five years. As part of the investment plan, VW is also increasing its focus on battery development. We will go fully on the offensive in the coming years," he said.

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Investment Electricity Electric vehicle Fossil fuels 98