GreenBiz

JULY 27, 2020

Morgan Stanley will measure CO2 impact of loans and investments. 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. Finance & Investing.

Investment 413

Investment Fossil fuels Carbon Sustainability 413

DeSmogBlog

JANUARY 8, 2024

Photos I shot last year in South Louisiana illustrate the Gulf Coast’s rapidly expanding fossil fuel industry, and the groundswell of frontline community members, environmental advocates, and activists fighting to stop it. While “green” hydrogen fuel can be produced with renewable energy, that process is cost prohibitive for now.

Fossil fuels 114

Fossil fuels Building Energy Monitoring Home Energy Monitoring Hydrogen 114

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.

Fossil fuels 88

Fossil fuels Education Organic South America 88

DeSmogBlog

JULY 27, 2023

DeSmog analysed examples of more than 100 influencers being paid to promote fossil fuel firms worldwide since 2017, from the US to Malaysia, in campaigns that have reached billions of people. While there’s more knowledge in general around climate change and the harms of fossil fuels, I think that people have a lot of trust in creators.

Fossil fuels 93

Fossil fuels Carbon-neutral Pollution Carbon-negative 93

DeSmogBlog

SEPTEMBER 25, 2023

Carbon capture and storage (CCS) was high on the agenda at New York Climate Week last week, where critics of the technology raised concerns it would be used to extend the life of the fossil fuel industry. The data showed us that their carbon capture plans are not working at scale.” Based upon Val Verde, since the 1970s, U.S.

Fossil fuels 145

Fossil fuels Carbon Building Energy Monitoring Business Energy Monitoring 145

DeSmogBlog

FEBRUARY 28, 2023

French environmental organizations Notre Affaire à Tous, Friends of the Earth France, and Oxfam France last week filed what they say is the world’s first climate lawsuit against a commercial bank, suing BNP Paribas over its continued funding of fossil fuels. They also say that the financial sector more broadly is on notice.

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Fossil fuels Law Organic Pollution 84

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

Fossil fuels 95

Fossil fuels Investment Climate change Law 95

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.

Fossil fuels 92

Fossil fuels Building Energy Monitoring Business Energy Monitoring Energy Monitor 92

DeSmogBlog

MAY 24, 2022

HSBC has been accused of double standards after suspending an executive who said investors “need not worry” about climate change, while continuing to plough billions of pounds into fossil fuels. HSBC has financed £103 billion in fossil fuels since the Paris Agreement was ratified in 2016, including £43.8

Fossil fuels 92

Fossil fuels Climate change Carbon Investment 92

DeSmogBlog

NOVEMBER 11, 2021

JPMorgan Chase is the world’s biggest financier of fossil fuels, according to environmental organisations. In 2020 the bank pledged to end fossil fuel loans for Arctic oil drilling and phase out loans for coal mining. Fossil Finance. JP Morgan declined to comment.

Fossil fuels 97

Fossil fuels Demand Climate change Construction 97

GreenBiz

SEPTEMBER 21, 2020

ESG investments: Exponential potential or surfing one wave? About 77 percent of ESG funds that existed 10 years ago are presently available, whereas only 46 percent of traditional investment vehicles maintain that survivorship. A declining investment rationale for fossil fuels. Mon, 09/21/2020 - 00:30.

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Investment Climate change Ethics Government 485

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

DeSmogBlog

OCTOBER 7, 2022

In 2016, she helped defeat Arch Coal’s plans to build a massive strip mining operation on the reservation’s border. The individuals and groups’ opposition, the company claimed, was defamatory and cost key investments in its pipeline. The project would’ve been one of the largest coal mines in the United States. .

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Fossil fuels Law Organic Climate change 98

Business Green

APRIL 18, 2021

Institutional Investors Group on Climate Change calls on banks to back their net zero pledges with moves to halt support for fossil fuels and activities that drive deforestation. With fossil fuel financing increasing since 2016, the time to act is now," she said. Net zero commitments must drive real change.".

Fossil fuels 89

Fossil fuels Carbon-negative Climate change Investment 89

Business Green

MARCH 24, 2021

Fossil fuel financing declined by nine per cent in 2020 amid the economic downturn, but campaigners warn overall trend is 'one heading definitively in the wrong direction'. Despite this significant drop from 2019 to 2020, the overall trend of the last five years is one heading definitively in the wrong direction," the report states.

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Fossil fuels Policy Climate change Investment 91

DeSmogBlog

AUGUST 25, 2021

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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Fossil fuels Climate change Policy Carbon 98

DeSmogBlog

OCTOBER 27, 2021

Several of the GOP House members, however, have a long track record of climate denial as well as of accepting large donations from the fossil fuel industry. McKinley (R-WV) who in 2016 — just a year after the Paris Agreement was negotiated at COP21 to limit global warming to 2°C (3.6°F) This includes David B. In 2009, Sen.

Fossil fuels 97

Fossil fuels Climate change COP Policy 97

DeSmogBlog

JULY 22, 2021

Former UK Energy Minister and original COP26 President Claire O’Neill has been cleared to take up a role at a business consultancy known for running “astroturf” campaigns for fossil fuel companies, despite warnings from the body that approves such appointments. Oil and Gas Industry Groups.

Fossil fuels 98

Fossil fuels Business Energy Monitoring Energy Monitor Building Energy Monitoring 98

Green Market Oracle

FEBRUARY 3, 2020

“I’m done with fossil fuels. We’re starting to see divestment all over the world.” - CNBC’s Jim Cramer The fact that investors, insurance companies and banks are abandoning the fossil fuel industry is a clear sign that coal, oil and gas are in the final stage of their energy dominance. I’m done with fossil fuels.

Fossil fuels 86

Fossil fuels Energy Energy Investment 86

Mr. Sustainability

OCTOBER 22, 2020

The time is therefore now to plan an orderly wind-down of fossil fuel assets and manage the impact on the global economy rather than try to sustain the unsustainable. The worst year for oil ever Oil fueled the 20th century. Many of us now believe it is not a matter of if, but when we will transition away from fossil fuels.

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Fossil fuels Carbon-neutral Carbon-negative Demand 78

Business Green

JANUARY 3, 2023

Imperial College London analysis for 2022 points to record breaking year for green energy, but stresses need to 'break our addiction to fossil fuels'. As a result, he stressed the need for the UK to "beak our addiction to fossil fuels once and for all" in order to lower costs and secure energy supplies. "If

Fossil fuels 69

Fossil fuels Energy Energy Electricity 69

Business Green

NOVEMBER 22, 2022

HSBC, Barclays, Santander, NatWest, and Lloyds come under fire for continuing to fund fossil fuel expansion. Furthermore, 77 per cent of customers said that they had no idea that their banks were financing fossil fuel expansion.

Fossil fuels 39

Fossil fuels Investment Global warming Carbon 39

Business Green

OCTOBER 24, 2022

The world should not develop any new sources of fossil fuels if it is stand a chance of limiting global warming to 1.5C that allow for new sources of fossil fuels to be exploited. But while the IEA report found that new sources of oil and gas were incompatible with its own assessment of the pathway needed for a 1.5C

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Fossil fuels Europe Government Global warming 64

Business Green

FEBRUARY 18, 2021

The world's biggest firms driving the development of clean energy, electric vehicles, sustainable forestry, and other crucial green solutions continue to outperform the broader global market, "leaving fossil fuel companies in the dust", according to fresh investor research released today.

Fossil fuels 74

Fossil fuels Carbon-neutral Electric vehicle Investment 74

DeSmogBlog

FEBRUARY 23, 2022

Jordan Cove LNG was a colossal fossil fuel project that would have been the state’s largest single source of greenhouse gas emissions if it had been built. Hoyle lost that 2016 primary, but in 2018 ran for Commissioner of the Oregon Bureau of Labor and Industries. Support for Jordan Cove. I will say that in this room.

Fossil fuels 84

Fossil fuels Carbon-neutral Politics Natural gas 84

DeSmogBlog

MAY 29, 2021

Combined, the six CEOs lead organizations that have poured over $1 trillion in financing into the fossil fuel industry since the Paris Agreement was signed in 2015, based on the numbers tallied in a 2021 report from Rainforest Action Network and other environmental advocates.

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Fossil fuels Climate change Natural gas Pollution 98

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.

Fossil fuels 86

Fossil fuels Climate change Carbon Europe 86

Hydrogen Fuel News

APRIL 25, 2024

While some multinational corporations have robust infrastructure to address the growing market for clean energy, the whole story of global green energy solutions must include startups investing millions of dollars to create cost-effective, scalable, and technologically innovative clean hydrogen. What Makes Q Hydrogen’s Process Unique?

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Hydrogen Fossil fuels Patents Natural gas 111

DeSmogBlog

MAY 8, 2024

Fossil fuel giants BP and Shell were given “ample opportunity” to privately influence proposals for taxing oil and gas companies that were later backed by the government, new documents reveal. Fossil fuel companies will survive while there is demand for what they produce.

Carbon 144

Carbon Fossil fuels Policy Law 144

Green Market Oracle

JANUARY 27, 2020

The main reason that lawmakers fail to advance policies that are in the national interest is because they are in the pocket of the fossil fuel industry. The fossil fuel industry controls academia , politicians and political outcomes. million worth of stock in fossil fuel companies and mutual funds.

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Fossil fuels Politics Investment Law 52

Business Green

JANUARY 23, 2023

No bank looks set to reach this very minimum requirement", the campaigners warned, adding that low levels of renewables investment from the banking sector were evident across all markets and regions. "No In order to reach the goals of the Paris Agreement, we know that investments in renewable energy must dramatically increase this decade.

Fossil fuels 77

Fossil fuels Energy Energy Investment 77

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?

Fossil fuels 68

Fossil fuels Investment Energy Energy 68

Business Green

APRIL 18, 2021

Institutional Investors Group on Climate Change calls on banks to back their net zero pledges with moves to halt support for fossil fuels and activities that drive deforestation. With fossil fuel financing increasing since 2016, the time to act is now," she said. Net zero commitments must drive real change.".

Fossil fuels 47

Fossil fuels Carbon-negative Climate change Investment 47

DeSmogBlog

OCTOBER 19, 2023

Almost 100 universities that have pledged to shed ties to the fossil fuel industry still bank with financial institutions that have collectively provided $419 billion (£345 billion) to polluting interests between 2016 and 2022. million in funding from fossil fuel companies since 2022.

Fossil fuels 102

Fossil fuels Education Global warming Pollution 102

Renewable Energy World

JULY 30, 2021

The direct way is by reducing fossil fuel production, the main source at 73% of global GHG. Bp has committed to be 40% invested in renewables by 2030, and are studying plans for a large blue hydrogen plant at Teesside in the UK. In France, TotalEnergies has invested $8 billion in renewables since 2016, including $2.5

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Investment Methane Fossil fuels Energy 109

DeSmogBlog

MAY 5, 2021

Barclays shareholders have rejected calls to accelerate a phase-out of fossil fuel financing, but a quarter remain unconvinced by the bank’s current approach to tackling climate change. Barclays should now put its money where its mouth is and publish a sector-leading fossil fuel policy ahead of COP26.”.

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Fossil fuels Climate change Policy Pollution 97

AGreenLiving

MARCH 25, 2021

Despite climate-conscious PR, they are still putting their money toward financing fossil fuel projects, according to the new Banking on Climate Chaos report. Many of those banks are making 2050 commitments to align with the Paris Agreement when they need to act now on fossil fuels. The bank directed $51.3

Fossil fuels 28

Fossil fuels Climate change Natural gas Policy 28