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

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Fossil fuels Policy Natural gas Investment 93

DeSmogBlog

DECEMBER 11, 2023

Climate emergency” was chosen as the Oxford English Dictionary’s “ Word of the Year ’’ in 2019. Climate change” describes only the result of fossil fuel-based greenhouse gases. A term like “fossil fueled-destruction” would name the cause as well as the effect. The writer Stevie Chedid calls it “warning weather.”

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Fossil fuels Climate change Global warming Pollution 94

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.

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Investment Fossil fuels Carbon Sustainability 434

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.

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Fossil fuels Carbon-neutral Pollution Carbon-negative 97

Planet Pulse

JANUARY 11, 2024

In this week’s issue : We kick off our energy series with the top dog: fossil fuels Orange rivers in Alaska A river mystery in Colombia Feature Story: Energy: Fossil Fuels If you’re reading this then you owe gratitude to fossil fuels. But fossil fuel companies aren’t quite shaking in their boots yet.

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Fossil fuels Building Energy Monitoring Energy Monitor Energy 52

DeSmogBlog

APRIL 1, 2022

Banks, pension funds and investors are unshackling themselves from problematic investments in companies and states complicit in destruction in Ukraine – and they’re doing it fast. Fossil Fuel Conflict. billion Russia spent on its military in 2019. Climate breakdown and war have a cause in common – the fossil fuel economy.

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Fossil fuels Politics Climate change Investment 98

DeSmogBlog

JUNE 22, 2023

In this new lawsuit , it seeks to hold fossil fuel companies and their “misinformation agents” accountable for the unprecedented 2021 heat dome that saw temperatures in the county reach 116º Fahrenheit. The consulting firm has also served the fossil fuel industry.

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Fossil fuels Pollution Climate change Carbon 98

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 90

GreenBiz

NOVEMBER 3, 2020

Why IKEA is investing in sustainable mobility. For the company known for its delicious meatballs and DIY shelves, the investment isn't actually that surprising. For the company known for its delicious meatballs and DIY shelves, the investment isn't actually that surprising. Holly Secon. Tue, 11/03/2020 - 00:30.

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Sustainability Investment Transportation Carbon-negative 511

Low Impact

AUGUST 11, 2021

We have to stop burning fossil fuels and leave them in the ground. It looks as though, in a corporate-dominated, growth economy, no fossil fuels are going to be left unburnt. Recently, Bloomberg NEF and Bloomberg Philanthropies produced a report on the scale and impact of global fossil fuel subsidies.

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Fossil fuels Packaging Government Carbon 101

DeSmogBlog

AUGUST 19, 2021

The environmental activist group Extinction Rebellion (XR) is planning a series of protests targeting the City of London to demand an end to investments in fossil fuels around the world. No New Fossil Fuel Investments’. However, she said: “We do expect our protests to be disruptive. It’s very obvious.”.

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Fossil fuels Climate change Demand Investment 98

Business Green

JULY 29, 2020

More than 60 civil society leaders including MPs, climate experts, faith leaders and local councillors have signed an open letter accusing the Pensions Minister Guy Opperman of backing continued investment in fossil fuels.

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Fossil fuels Climate change Investment Carbon 101

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.

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Fossil fuels Demand Climate change Construction 98

DeSmogBlog

APRIL 18, 2021

Fossil fuel companies could face legal challenges over their misleading advertising, after a DeSmog investigation uncovered the extent of their “greenwashing” Environmental lawyers ClientEarth have put companies on notice with the publication of the Greenwashing Files.

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GreenTechMedia

AUGUST 4, 2020

BP will cut its oil and gas output by 40 percent by 2030 and increase its low-carbon investment tenfold by then, the company announced Tuesday as it begins to detail its 2050 net-zero strategy. How BP plans to change from 2019 to 2030. BP's new 2030 targets offer important clues as to how it will invest over the next decade.

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Fossil fuels Hydrogen Carbon Investment 130

GreenBiz

OCTOBER 13, 2020

HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. They care as citizens, consumers and business owners.

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Fossil fuels Retail Climate change Investment 460

DeSmogBlog

OCTOBER 3, 2021

Nearly two thirds of social media posts put out by six major European fossil fuel and energy companies since the end of 2019 present a “green” image of the company, despite the majority of their business activity remaining in fossil fuels, reveals new analysis by Desmog.

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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. Of course, for the firms themselves, it’s mostly about following the money.

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GreenBiz

DECEMBER 2, 2020

Denmark set the same goal — phase out new fossil fuel vehicle sales in 2030 — and world-leader Norway plans to make the switch in 2025. Electric vehicles will begin to cost the same as their fossil fuel counterparts between 2025 and 2029, depending on the vehicle type. In 2019, they dropped 13 percent more. .

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Electric vehicle Electricity Fossil fuels Lithium 456

GreenTechMedia

APRIL 27, 2020

Abandoning fossil fuels for electricity generation by 2030 would save money for countries in the Middle East and North Africa (MENA), according to new research into renewable energy in the area. It would also require by far the highest level of capital investment: almost €1.9

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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.

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Fossil fuels Business Energy Monitoring Energy Monitor Building Energy Monitoring 98

Rinexii

OCTOBER 22, 2021

2021 has shaped up to be rather a surprising year for the fossil fuel industry. After the sudden quarantine of vast swaths of the world through 2020, the shuttering of businesses, and the general loss of revenue, large fossil fuel giants are getting hammered from citizens, government, and even their own investors.

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Fossil fuels Climate change Cooling Patents 52

Business Green

MAY 11, 2020

Rockefeller Brothers Fund announces that its investment portfolio has exceeded expectations and industry averages in the five years since it divested from fossil fuels. According to the study, the RBF posted an average annual net return of 7.76 per cent over the five-year period that ended in December last year.

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Fossil fuels Investment Wind power Carbon 101

Impact Alpha

NOVEMBER 5, 2019

5, 2019 –– Now that big private equity players are spinning up impact funds left and right, the impact of the rest of their investments is getting a lot more scrutiny as well. ImpactAlpha, Nov.

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Fossil fuels Investment Agriculture 40

Business Green

FEBRUARY 3, 2021

There are no easy paths to net zero but inherent fossil fuel bias in the UK system is just frittering away our carbon budget, distorting the renewables market, and inhibiting green investment, argues Laura Sandys CBE. Audit and address fossil fuel bias. Making fossil onerous. It is lose-lose.

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Fossil fuels Energy Energy Policy 67

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.

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Fossil fuels Climate change Carbon Europe 86

GreenTechMedia

DECEMBER 18, 2019

microgrid market set a record with 666 megawatts of capacity additions in 2018, but project delays and cancellations have dropped the expected 2019 total to 553 megawatts, according to a new report by energy research firm Wood Mackenzie. billion in capital expenses in 2019, nearly triple the $645 million invested in the U.S

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Batteries Fossil fuels Natural gas Investment 206

GreenTechMedia

MAY 26, 2020

If governments and companies stimulate clean growth, we can ensure that the positive impact that COVID-19 has unexpectedly had on our environment endures — enabling future generations to look back on 2019 as the year of peak carbon. Many of the measures outlined above are longer-term plays that require time and investment.

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GreenTechMedia

DECEMBER 26, 2019

In August, we published the top 10 utility regulation trends of 2019 — so far. With 2019 wrapping up, we look at the 10 trends and actions that stand out above the rest. trillion in new investments in clean energy, as defined by Bloomberg New Energy Finance, in the past decade. The data bears this out.

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Building Energy Monitoring Energy Monitor Solar Energy Monitor Business Energy Monitoring 130

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”. According to the 2019 BP Statistical Review of World Energy , U.S.

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Fossil fuels Nuclear Power Carbon-negative Natural gas 60

DeSmogBlog

JULY 27, 2021

An urgent global phaseout of fossil fuels is needed, they say, reiterating calls for “transformative change,” which is “needed now more than ever to protect life on Earth and remain within as many planetary boundaries as possible.”. Many of those metrics have worsened since the group originally declared a climate emergency in 2019.

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DeSmogBlog

APRIL 15, 2024

A new campaign is calling on MPs to break the fossil fuel sector’s “chokehold” on politics in a critical election year. The message forms the name of the campaign by Climate Resistance, a new collective that aims “to push the fossil fuel lobby out of Westminster and stop polluters from bankrolling political parties”.

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Pollution Fossil fuels Politics Climate change 108

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.

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Fossil fuels Carbon-neutral Electric vehicle Investment 74

GreenBiz

APRIL 1, 2021

Both operations closed in 2019, resulting in an economic crisis for these Indigenous nations. Labor unions and trade associations have important roles to play in charting a just and sustainable transition from fossil fuels to renewables. But these organizations can’t do it alone. It has been a generator of wealth inequality.

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Energy Energy Fossil fuels Education 537

Business Green

JULY 30, 2021

Low demand for electricity during successive lockdowns saw renewables displace fossil fuels as the dominant source of power on Britain's grid for the first time ever in 2020, government data has confirmed. Across the year, fossil fuels supplied 37.7 Meanwhile, clean energy delivered 43.1

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Energy Monitor Fossil fuels Solar Energy Monitor Building Energy Monitoring 90

Business Green

SEPTEMBER 29, 2020

million people worldwide working in the sector in 2019, up almost 500,000 from the year before, according to the International Renewable Energy Agency (IRENA). Market leader Asia accounted for 63 per cent of the world's total renewable energy jobs in 2019, with China alone accounting for 38 per cent at 4.4 As many as 11.5 As many as 5.5

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Fossil fuels Energy Energy Carbon-neutral 101

AGreenLiving

SEPTEMBER 27, 2021

While the focus is usually on fossil fuel emissions as the main climate change culprit, a new analysis by the nonprofit Energy Vision concludes that reducing emissions from organic waste would more steeply reduce methane. The report said that investing $5.5 The methane impact of organic waste vs fossil fuel emissions.

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Fossil fuels Methane Organic Waste 36