DeSmogBlog

SEPTEMBER 19, 2023

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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Fossil fuels Pollution Natural gas Carbon 109

DeSmogBlog

AUGUST 18, 2023

As more than two dozen climate liability lawsuits by state and local governments against fossil fuel companies continue to progress, a case brought by the city and county of Honolulu could become the first to put Big Oil on trial. The Honolulu lawsuit was initially filed in Hawaii’s First Circuit Court in March 2020.

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Fossil fuels Law Sea level rise Climate change 93

Business Green

FEBRUARY 14, 2021

Another record year for renewables saw clean power sources overtake fossil fuels on Britain's grid for the first time in 2020, but new nuclear and emerging technologies such as hydrogen and bioenergy carbon capture and storage are likely to be required to deliver a fully decarbonised energy system.

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Fossil fuels Power grid Carbon-negative Hydropower 101

GreenTechMedia

DECEMBER 6, 2019

So the EIB's confirmation last month that it would effectively end support for fossil fuels garnered widespread attention — as much for the signal it sends as for the additional impact the bank can make with the freed-up funds. The EIB's role, in effect, is to bankroll the EU's policy goals. billion ($14.9

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Fossil fuels Investment Natural gas Policy 203

DeSmogBlog

MARCH 2, 2023

New Electoral Commission records released today show that the bulk of the fossil-fuel linked funds came from Christopher Harborne, who donated £500,000 in the final quarter of 2022 – the joint-largest donation registered by the party during this period. The revelation comes at an important moment for UK climate policy.

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Fossil fuels Aviation Pollution Government 98

DeSmogBlog

MARCH 11, 2022

The New Scientist magazine has quietly dropped fossil fuel sponsorship of its science festival amid mounting pressure from climate campaigners. However, the New Scientist Live (NSL) festival, which runs in Manchester this weekend, has no fossil fuel sponsors or exhibitors listed on its website.

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Fossil fuels Education Climate change Ethics 79

Low Impact

AUGUST 11, 2021

There’s a tiny flatline around 2020, but that’s because of the Covid lockdowns. 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. trillion in subsidies for fossil fuels.

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Fossil fuels Packaging Government Carbon 101

DeSmogBlog

OCTOBER 18, 2021

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. billion in 2020.

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Fossil fuels Investment Pollution Global warming 98

Envirotec Magazine

APRIL 7, 2020

On 6 April, climate-action non-profit The Climate Group announced that Climate Week NYC will not be postponed and will take place as scheduled on September 21-27, 2020. Visit www.climateweeknyc.org or follow #ClimateWeekNYC to receive regular announcements and keep up to date with Climate Week NYC 2020.

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Climate change Fossil fuels North America Health 253

DeSmogBlog

SEPTEMBER 9, 2021

above the pre-industrial average in 2020, and the Intergovernmental Panel on Climate Change warned in its recent report that Earth could hit 1.5C Fossil fuels such as coal, oil and natural gas are the source of just over 80% of the world’s energy. Fossil Fuel Rationing. Global mean surface temperatures reached 1.2C

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Fossil fuels Carbon-negative Global warming Climate change 93

Business Green

NOVEMBER 9, 2020

Analysis claims UK continues to plough billions of pounds into fossil fuel sector despite government's ambitions of being a world leader on climate action. Yet beyond the targets and policy announcements, its own agencies have continued to plough public funds into fossil fuels. "Yet

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Fossil fuels Government Carbon-neutral Policy 95

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

DECEMBER 21, 2022

I live in South Louisiana on the front lines of the climate crisis and cover the fossil fuel industry and impacts related to the warming planet, so facing gaslighting is a regular occurrence for me. So it resonated with me that Merriam-Webster dictionary chose “gaslighting” as the word of the year.

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Fossil fuels Hydrogen Sea level rise Plastics 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.

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Fossil fuels Business Energy Monitoring Energy Monitor Building Energy Monitoring 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. Moreover, 2020 was the first year in which the MDBs provided zero direct financing for coal projects, the group's preliminary analysis of the data suggests.

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Fossil fuels Energy Energy Investment 73

DeSmogBlog

NOVEMBER 4, 2021

GLASGOW, SCOTLAND – Only two of the 35 stalls lauding countries’ green credentials at the COP26 UN climate summit mention the need to cut fossil fuel production — the chief cause of the carbon emissions driving climate change. . We urge all leaders to put people and the planet over the profit of the fossil fuel industry.”.

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Fossil fuels Africa Climate change Pollution 98

Business Green

JULY 19, 2022

Analysis from think tank Ember reveals skyrocketing prices are driven almost entirely by reliance on fossil fuel gas. The skyrocketing price of fossil gas is responsible for 80 per cent of the increase in UK wholesale electricity prices experienced over the past year, a new analysis from energy think tank Ember has revealed.

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Fossil fuels Electricity Europe Energy 100

Clean Energy Canada

OCTOBER 2, 2019

But the fossil fuel energy sector does not equal our entire energy sector. And while 50,000 jobs are likely to be lost in fossil fuels over the next decade, just over 160,000 will be created in clean energy—a net increase of 110,000 new energy jobs in Canada. Jobs in fossil fuels will decline by 0.5%

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Fossil fuels Energy Energy Government 103

Business Green

FEBRUARY 21, 2022

It follows a year in which NatWest's lending to oil and gas companies fell by 21 per cent from £4.1bn in 2020 to £3.25bn in 2021. NatWest Group CEO Alison Rose said the bank was enhancing its fossil fuel lending policies in recognition of the significant climate, environmental and social risks associated with fossil fuel firms.

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Fossil fuels Retail Carbon Policy 84

Business Green

MARCH 17, 2021

A billion people now live in cities with a renewable energy target or policy in place, according to the latest analysis by green think tank REN21. Furthermore, a billion people - about a quarter of the world's urban population - now live in cities with a renewable energy target or policy, the report finds.

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Fossil fuels Policy Climate change Government 95

DeSmogBlog

APRIL 5, 2022

“Investing in new fossil fuel infrastructure is moral and economic madness,” UN Secretary-General António Guterres said as the Intergovernmental Panel on Climate Change (IPCC) released part of its latest report on Monday. It is what science tells us will result from our current energy policies.”.

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Fossil fuels Investment Climate change Global warming 98

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 121

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 billion and $4.1

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Fossil fuels Investment Climate change Law 96

Business Green

MARCH 16, 2022

Leading shareholders claim successful engagement with bank has secured new commitments to phase down fossil fuel financing and tighten lending policies. However, following engagement between the bank and investors HSBC has today agreed to phase down financing of fossil fuels in line with limiting global temperature rise to 1.5C

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Policy Fossil fuels Climate change Packaging 79

Business Green

SEPTEMBER 29, 2021

Companies around the world call on G20 leaders to ramp up climate commitments in 'most ambitious' call for policy action yet from businesses. Described as "the biggest and most ambitious call for policy action from business that we've seen", the letter has won the backing of businesses representing over £1.8tr in revenue and 8.5

Fossil fuels 101

Fossil fuels Policy Global warming Resilience 101

GreenBiz

OCTOBER 13, 2020

Tue, 10/13/2020 - 01:40. supported $1.316 trillion in transactions for the fossil fuel industry. received $37 million in compensation for fossil fuel industry lobbying. Climate lobbying" in the report is defined as efforts "to delay, control or block policies to tackle climate change.". Joel Makower.

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Climate change Fossil fuels Law Carbon-negative 496

Clean Energy Canada

APRIL 1, 2022

Today’s carbon price is a step forward for one of the most important policies driving Canada’s shift to clean energy, and that shift will ultimately make life more affordable for Canadians. The best way to benefit the bank accounts of Canadian families is to switch to technologies that reduce or avoid fossil fuels altogether.

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Fossil fuels Carbon Policy Electric vehicle 54

Mr. Sustainability

APRIL 30, 2018

Fossil fuels, a vision of the future or something our children will see in history books? The energy markets, broadly taken to be fossil fuels and renewables, have seen significant changes over the past years. Projections range between 2020 up to 2040, but all outlooks seem certain of this event within the next years.

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Fossil fuels Demand Energy Energy 104

Renewable Energy World

MARCH 3, 2021

Annual figures show that renewable supply outpaced fossil fuels for the first time. 42% of all energy used across the country through 2020 came from wind, solar, tidal and hydro. Conversely, energy produced by fossil fuels fell to just 39.6%, marking the first time that clean energy has consistently outperformed legacy sources.

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Carbon-negative Energy Energy Fossil fuels 121

Business Green

SEPTEMBER 27, 2020

Dutch asset managed intends to complete process of integrating new investment policy by the end of 2020. Robeco is to exclude investments in thermal coal, oil sands and Arctic drilling from all of its mutual funds, with the process expected to be completed by the end of 2020, it said on Thursday.

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Fossil fuels Investment Policy Carbon 87

Business Green

OCTOBER 20, 2021

Production Gap report reveals governments still plan to produce more than double the amount of fossil fuels in 2030 than is consistent with limiting global warming to 1.5C. The third edition of the report concludes that despite the impact of the coronavirus pandemic the fossil fuel 'production gap' remains largely unchanged.

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Fossil fuels Global warming Government Construction 86

R-Squared Energy

JUNE 3, 2022

Then oil prices plummeted in 2014, and again in 2020. The risk I always saw was that if policy makers believed alternatives would scale fast enough to replace oil demand growth — and they passed policies unfriendly to our domestic oil companies — they could be setting up a very nasty price shock in the future.

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Policy Fossil fuels Energy Energy 60

Business Green

SEPTEMBER 21, 2021

But as analysis today from Ember shows, the UK's reliance on fossil gas for power generation is largely the cause of surging electricity bills, with soaring global fossil fuel gas costs accountable for 86 per cent of UK electricity price increases in recent months, it estimates.

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Fossil fuels Electricity Demand Asia 72

DeSmogBlog

JUNE 12, 2021

These include fossil fuel giants like BP, Shell, and Total; tech giants like Microsoft and Apple; retailers like Amazon and Walmart; financers like HSBC, Bank of America, and BlackRock; airlines like United and Delta; and food, livestock, and meat-producing and agriculture corporations like JBS, Nestlé, and Cargill. .”

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Fossil fuels Pollution Carbon-neutral Government 95

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.".

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Fossil fuels Carbon-negative Climate change Investment 89

Business Green

FEBRUARY 17, 2023

The think tanks said the record-breaking subsidies were prompted by turmoil in global energy markets that sent fossil fuel prices soaring and prompted governments to intervene to stop households and businesses facing five-fold increases in energy costs.

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Fossil fuels Natural gas Government Energy 36

Business Green

OCTOBER 7, 2021

Governments and energy companies should look beyond carbon dioxide and ensure their climate plans include drastic action to reduce the methane emissions from fossil fuel operations, the International Energy Agency (IEA) has warned today.

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Fossil fuels Methane Building Energy Monitoring Energy Monitor 63