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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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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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How the Fossil Fuel Industry Buys Goodwill

DeSmogBlog

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. Aramco has partnered with Spain’s Laguna de El Hito Nature Reserve to conserve bird species.

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World Bank Continues Financing Fossil Fuels Despite Climate Crisis

DeSmogBlog

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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Report details China’s complex energy landscape and its enormous green energy shift

Envirotec Magazine

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. Natural gas consumption will remain high with 2050 consumption marginally below 2023 levels and 58% being imported.

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Mapped: Europe’s Fossil Fuel-Backed Hydrogen Lobby

DeSmogBlog

The fuel comes in a variety of “colours”, depending on how it is produced, with almost all hydrogen currently created using fossil gas and termed “grey”. When taking into account methane its climate footprint is “more than 20 percent greater than burning natural gas or coal for heat”, they found. Hydrogen Europe.