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French NGOs Sue BNP Paribas, Europe’s Largest Financier of Fossil Fuel Expansion

DeSmogBlog

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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Revealed: Fossil Fuel Giants Are Using British Influencers to go Viral

DeSmogBlog

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.

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BP and Shell ‘Shaped’ UK Carbon Tax Proposals, Private Emails Show

DeSmogBlog

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. Polluters are given allowances that allow them to emit only a set quota of carbon; if they exceed their allowances they can be fined.

Carbon 142
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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. . billion in coal, oil and gas between 2016-2020. Concrete Commitments Needed’. billion in 2020.

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As California Considers Dropping Fossil Fuels from Major Pension Funds, New Report Calls Out ‘Misinformation’ on Costs

DeSmogBlog

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 billion and $4.1

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Vast Majority of Global CO2 Emissions Tied to Just 57 Entities

DeSmogBlog

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. And a majority of those actors have only expanded production in the intervening years. million barrels of oil.

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This NGO Won a Climate Case Against Shell. Its Next Target? Dutch Bank ING

DeSmogBlog

When Royal Dutch Shell lost a landmark climate lawsuit in The Netherlands, climate advocates said the Dutch court’s ruling put polluters and their financiers on notice. billion Euros in bonds to the fossil fuel industry, Milieudefensie says. liquefied natural gas (LNG). ING headquarters in Amsterdam, Netherlands.