University of Oxford accused of 'almost doubling' fossil fuel investment between 2021 and 2022
Business Green
FEBRUARY 13, 2024
University of Oxford endowment fund increased investment in fossil fuels between 2021 and 2022, campaigners claim
GB News Owner’s Hedge Fund Has $2.2 Billion Fossil Fuel Investments
DeSmogBlog
OCTOBER 30, 2023
Paul Marshall is the chairman and chief investment officer of Marshall Wace, a London-based hedge fund that he co-founded in 1997. Marshall Wace is now one of the world’s largest hedge funds – an investment vehicle that bets on rising and falling share prices – with around $63 billion (£51.9 billion) in fossil fuel firms.
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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization
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Prospective GB News Board Member is Fossil Fuel Investor
DeSmogBlog
APRIL 12, 2024
The startup broadcaster has lost £76 million since its launch in 2021 and relies on the resources of Marshall and its other big stakeholder, UAE-based investment firm Legatum, to survive. The IEA, a free market group that has advocated for more fossil fuel extraction, received funding from BP for at least 50 years.
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Report: As Climate Crisis Expands, Canada Still Hands Billions to Fossil Fuel Industry
DeSmogBlog
MARCH 27, 2024
billion supporting the fossil fuel and petrochemical industry. Taxpayer handouts to Canada’s wealthiest companies means that less money is available for the types of investments that could actually help people across the country who are deciding between food and energy bills,” she said.
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Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement
GreenBiz
NOVEMBER 30, 2020
Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. As fossil fuel companies' social license to operate becomes increasingly frayed, more industries in their orbit are getting entangled in the reputational quagmire that is now part and parcel of any activity that exacerbates the climate crisis.
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California Pension Funds Have Billions Invested in Fossil Fuel Companies Named in State’s Lawsuit
DeSmogBlog
OCTOBER 12, 2023
Over the past month and a half month, California lawmakers have enacted a pair of climate disclosure bills and endorsed a global call to end the fossil fuel era. billion invested in Chevron, BP, ExxonMobil, ConocoPhillips, and Shell, a new analysis from Stand.earth and Climate Safe Pensions Network has found. “It
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Oregon County Sues Fossil Fuel Entities and Enablers for Contributing to Deadly 2021 Heatwave
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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Reuters, New York Times Top List of Fossil Fuel Industry’s Media Enablers
DeSmogBlog
DECEMBER 5, 2023
According to Saudi Aramco’s podcast, the fossil fuel industry is innovating new climate solutions, and BP’s podcast proclaims more of the same. Darren Woods, the CEO of Exxon, celebrates the potential of carbon capture to dramatically reduce global emissions. and Europe.
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The State of Green Business 2021
GreenBiz
JANUARY 25, 2021
The State of Green Business 2021. Mon, 01/25/2021 - 02:11. Net-zero" became a key commitment during 2020 — goals that aim to eliminate, at least on paper, a company’s greenhouse gas emissions, water extractions, fossil-fuel use or deforestation activities by a given date. Joel Makower. Now, where were we?
Banks Due At UK’s ‘Green’ Investment Summit ‘Financed £700 Billion in Fossil Fuels Since Paris Agreement’
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. . JPMorgan financed £230 billion in fossil fuels between 2016 and 2020.
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ExxonMobil Announces $10 Billion Oil Investment the Same Day IPCC Signals End for Fossil Fuels
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. The IPCC’s call to action was urgent. “We The extinction of a million species of plants and animals.
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Keep your eyes on these 9 electric truck and van companies in 2021
GreenBiz
JANUARY 4, 2021
Keep your eyes on these 9 electric truck and van companies in 2021. Mon, 01/04/2021 - 02:00. Here’s a look at what nine big-name players accomplished over the past 12 months, and what to keep an eye on in 2021. and attracting major investments for its electric buses and vans still in development. Mike De Socio.
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Revealed: Fossil Fuel Giants Are Using British Influencers to go Viral
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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Snapshots of our World: Energy: Fossil Fuels + Iron Rivers + Current Mystery
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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How the Fossil Fuel Industry Buys Goodwill
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.
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Leading Think Tank Met With Minister Over North Sea Energy While Funded by Fossil Fuel Interests
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.
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World Bank Continues Financing Fossil Fuels Despite Climate Crisis
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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Poll: British Columbians prefer clean energy over LNG, with low support for fossil fuel subsidies
Clean Energy Canada
MARCH 3, 2023
Even more unpopular is the province providing financial subsidies to fossil fuel companies to encourage more LNG exports, with nearly half disagreeing with this idea (47.5%) compared to 30.5% who would support fossil fuel subsidies. Among NDP and undecided voters, opposition is even higher.
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Fossil Fuel Divestment Has Probably Cost Harvard University Over $1 Billion
R-Squared Energy
DECEMBER 1, 2022
Over the past decade, climate and environmental activists have pushed organizations to divest fossil fuel investments. The purpose of the divestment movement is to starve fossil fuel companies of the investments they need to develop new resources. However, I still use fossil fuels in my daily life.
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French NGOs Sue BNP Paribas, Europe’s Largest Financier of Fossil Fuel Expansion
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 Fuel Industry Given Billions in EU Hydrogen Support, Report Finds
DeSmogBlog
JULY 8, 2021
Over €8 billion is being invested in hydrogen and “renewable gas” projects in southern Europe using EU Covid-19 recovery funds, thanks to extensive lobbying by the fossil fuel industry, a new report has found. . The over-emphasis on hydrogen as a result of lobbying could lock Europe into decades more of fossil fuels.
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£400m to be invested in UK plastic recycling facilities
Envirotec Magazine
NOVEMBER 16, 2022
A new partnership may pave the way for more than £400 million to be invested in recycling facilities across the UK. It will convert this waste into ultra-low sulphur diesel to replace fossil fuels in the transport and heavy-machinery sectors. Each facility is designed to accept 20,000 tonnes of plastics each year.
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'From laggard to leader': Trinity College Cambridge to ditch fossil fuel investments in net zero drive
Business Green
FEBRUARY 22, 2021
University of Cambridge college outlines net zero plan to ditch millions of pounds of direct and indirect investments in oil and gas. Trinity College Cambridge has committed to fully divesting from fossil fuels over the next ten years, following a long-running student campaign. £8.2m by the end of the century.
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‘The Mask Slipped’: HSBC Criticised For Suspending Exec While Still Pumping Billions into Fossil Fuels
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
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Mapped: Europe’s Fossil Fuel-Backed Hydrogen Lobby
DeSmogBlog
DECEMBER 10, 2021
An in-depth article by the website Carbon Brief argues that the fuel is unlikely to be taken up universally, particularly as “the volume required to satisfy all the possible applications for low-carbon hydrogen would likely far exceed the amount available, even if production is significantly scaled up.”. Credit: Gaia Lamperti.
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Using Solar to Displace Fossil Fuels for Process Heat in Industrial Facilities
GreenTechMedia
SEPTEMBER 27, 2019
At many of these facilities, fossil fuels, and especially natural gas, are the energy feedstock used for process heating applications. But what if the sun’s energy could take over the job much of the time and displace fossil fuels? primary energy demand, according to the Department of Energy. in Lemoore. in Lemoore.
BNEF: Global renewables investment hits record $174bn during first half of 2021
Business Green
AUGUST 3, 2021
New investment in renewable energy projects and companies reached a record $174bn worldwide during the first half of 2021, the highest ever total ever seen during the first six months of any year, according to Bloomberg New Energy Finance (BNEF). Total global renewables investment over the past six months is 1.8
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Revealed: Two Thirds of Online Posts from Six Major European Fossil Fuel Companies ‘Greenwashing’
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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‘Wilful Ignorance’: Indigenous Delegation Incredulous At Bankers’ Attitude to Fossil Fuel Impacts
DeSmogBlog
NOVEMBER 4, 2022
Indigenous delegates said they had been amazed at the “wilful ignorance” they encountered when demanding global banks cease financing new fossil fuel projects on their ancestral lands in what is today North America. Lazcano is fighting TransCanada’s project to build the Tuxpan-Tula pipeline to import gas to central Mexico from Texas.
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Report: Britain's renewables enjoy record 2022, but fossil fuels send energy prices surging
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'. million tonnes compared to 2021. The data also showed that overall generation from renewables has more than quadrupled over the past decade.
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'Pivotal year': SSE plots £2bn low carbon power investment blitz in 2021/22
Business Green
MAY 26, 2021
Scottish power giant unveils investment programme for coming 12 months as it posts a rise in profits during pandemic year. to £2.5bn - as SSE cashed in on a series of sales of fossil fuel assets. Meanwhile the firm's "reported" profits were up by 328 per cent - ballooning from £587.6m
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Ex-COP26 President’s Role at Fossil Fuel ‘Astroturfing’ Firm Approved
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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'Historic breakthrough': Over 20 nations pledge to end overseas fossil fuel finance by 2022
Business Green
NOVEMBER 4, 2021
Twenty-five nations and multilateral development banks have committed to ending new direct financial support for unabated fossil fuel energy projects overseas by the end of next year, in yet another sign that the global shift away from oil, gas, and coal and towards cleaner energy sources is accelerating. warming pathway.
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Divestment Day: Pension funds, financial institutions and councils urged to stop investing in climate crisis
Business Green
MARCH 24, 2023
The calls on councils, pension funds, and financial institutions to divest their holdings in fossil fuel assets comes in the same week that the IPCC warned that there is "a rapidly closing window of opportunity" for countries to act on climate change to secure a "liveable and sustainable future" for all.
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The Rise and Fall of the Fossil Fuel Industry
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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World Energy Outlook 2021: Transition to renewables not fast enough for net-zero targets
Renewable Energy World
OCTOBER 13, 2021
The IEA has released its World Energy Outlook 2021 which details a global rebound in coal and oil use in 2021, as well as the second-largest annual increase in CO2 emissions in history. The world is not investing enough, the authors wrote, to meet future energy needs, which could lead to prolonged volatility in energy markets.
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Study: Development banks are backing clean energy, but are struggling to kick fossil fuel habit
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. However, such positive signs of progress are marred by the banks' ongoing support for fossil fuel infrastructure.
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Let’s say we stop burning fossil fuels. What happens next?
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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'Faster than expected': EV sales predicted to overtake fossil fuel cars within three years across Europe
Business Green
JANUARY 11, 2022
Thanks to declining upfront EV costs, a widening range of available plug-in models, tighter CO2 standards, and increasingly demanding deadlines for phasing out the sale of new fossil fuel vehicles across Europe, the shift away from petrol and diesel is poised to rapidly accelerate, according to the analysis from the Platform for Electromobility.
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IEA: Fossil fuel consumption subsidies topped $1tr in 2022
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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'Get its own house in order': UK urged to end new fossil fuel licensing in North Sea to meet net zero
Business Green
JUNE 1, 2021
Letter from 50 campaign groups urges government to heed recent advice of International Energy Agency that growing fossil fuel supply is incompatible with a 1.5C The court ruling was hailed by climate campaigners as a watershed moment that could potentialy pave the way for other climate litigation against major fossil fuel firms.
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Building emissions soared to all-time high in 2021, study reveals
Business Green
NOVEMBER 9, 2022
That is according to a new report from the Global Alliance for Buildings and Construction (GlobalABC), which reveals that buildings and construction accounted for more than 34 per cent of energy demand and around 37 per cent of energy and industrial process-related CO2 emissions in 2021.
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Make My Money Matter: Campaign calls on high street banks to stop financing fossil fuels
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.
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Ed’s note: No absolutes when investing in energy
Smart Energy International
FEBRUARY 15, 2022
This initiative brought together banks across the world committed to aligning their lending and investment portfolios with net-zero emissions by 2050. It was received with relief and celebrations back in April 2021. The fossil fuel giants receiving the funding/loaning included Exxon Mobil, Shell, BP, and Saudi Aramco.
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