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
An investigation by DeSmog in May found that one in three GB News presenters had spread climate science denial on air in 2022, while more than half had attacked climate action. Paul Marshall is the chairman and chief investment officer of Marshall Wace, a London-based hedge fund that he co-founded in 1997. billion (£1.8 million (£466.1
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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. Agnew also has shares in Carbon Plus Capital, a private investment company which specialises in carbon offsetting “based on the protection of forests”.
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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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Public Pension Funds Have Lost Billions on Their Fossil Fuel Investments: New Analysis
DeSmogBlog
JUNE 27, 2023
public pension funds would have been about 13 percent higher had they divested from fossil fuel holdings ten years ago – equivalent to around $21 million in earnings. billion at the end of 2022, they would have been worth $424.6 without the fossil fuel holdings. without the fossil fuel holdings.
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New Liz Truss Faction ‘Pops’ With Climate Science Denial and Fossil Fuel Ties
DeSmogBlog
FEBRUARY 6, 2024
The International Monetary Fund found in September 2022 that the energy crisis was hitting UK households harder than any country in western Europe, due to the UK’s reliance on gas for heating homes. In 2022, Truss’s campaign for Tory leader was run by Ruth Porter, a former communications director at the IEA.
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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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'On the brink of overtaking fossil fuels': Clean energy investment tops $1tr for first time
Business Green
JANUARY 27, 2023
BNEF reports that global investment in the clean energy transition rose 30 per cent last year to record levels Global investment in the clean energy transition soared to record levels last year, surpassing $1tr as the sector matched the level of investment in fossil fuels for the first time.
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Revealed: Three-quarters of Prestigious Green Advertising Awards Go To Agencies Working for Fossil Fuel Industry
DeSmogBlog
JANUARY 4, 2024
Three-quarters of prizes at the UK’s top sustainable advertising awards went to agencies who work for the fossil fuel industry, a DeSmog analysis has revealed. billion investment in the UK’s green energy transition. Both agencies are owned by the London-based global media group WPP. Credit: Sam Whitham.
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A billion-dollar solar investment is coming to Texas
Inhabitat - Innovation
NOVEMBER 17, 2021
Chem-Energy has announced a planned investment of $1 billion in a solar and battery plant. Development will take place in Central Texas starting spring 2022. The petroleum products giant is among the many firms in the industry seeking to diversify as the world phases out fossil fuels.
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UK pension funds invest £128bn in fossil fuels, report reveals
Business Green
OCTOBER 20, 2021
New report from Friends of the Earth reveals none of the major UK pension schemes have plans to divest from fossil fuels. UK pension funds have invested an estimated £128bn in fossil fuels, according to a new report published today by environmental campaign group Friends of the Earth. Polluted Pensions?
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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'. Dr Iain Staffell, co-author of the report and senior lecturer in sustainable energy at Imperial College London, described 2022 as "a year like no other" for the energy industry.
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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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Give Climate Change the Name It Deserves: Fossil-Fueled Destruction
DeSmogBlog
DECEMBER 11, 2023
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 fossil fuel industry hid for decades what it knew about the impacts of its products. The writer Stevie Chedid calls it “warning weather.”
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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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“The end of the fossil fuel era” may be in sight following COP pledge
Envirotec Magazine
NOVEMBER 8, 2021
The end of the fossil fuel era appeared to have come a significant step closer with the signing of a joint commitment to phase out coal on day four of the COP summit (4 November). A coal power station in Canock, Staffordshire (image credit: Catherine Poh Huay Tan , CC BY 2.0 degrees in reach.”.
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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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'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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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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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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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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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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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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As California Considers Dropping Fossil Fuels from Major Pension Funds, New Report Calls Out ‘Misinformation’ on Costs
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
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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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Reports: Fossil fuel advertising ban comes into force in France
Business Green
AUGUST 23, 2022
Adverts promoting fossil fuel products and services have been banned in France, after a cornerstone of President Emmanuel Macron's green legislative agenda officially came into force yesterday. You will read everywhere that advertising for fossil fuels is now prohibited, but that's not true," the campaign group said in a statement.
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‘We are at a crossroads’: New IPCC report says it’s fossil fuels or our future
Grist
APRIL 4, 2022
Greenhouse gas emissions must peak within the next three years, and in the next eight, the world must push fossil fuels aside, rapidly scaling up the use of clean energy like wind and solar. The authors’ top recommendation: Immediately move away from fossil fuels and replace them with renewable technologies.
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Fossil Fuel Groups ‘Spent Millions’ on Social Media Ads Spreading Climate Disinformation During COP27
DeSmogBlog
JANUARY 19, 2023
Fossil fuel-linked groups spent around $4 million on Facebook and Instagram that spread false climate claims over the COP27 summit, a new report says. Climate Denial ‘Comeback’ Big Oil companies Shell, Chevron and Exxon all ran ads in the run-up to the summit, but the majority were posted by PR and fossil fuel front groups.
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Royal Pharmaceutical Society pledges to divest from fossil fuels
Business Green
NOVEMBER 17, 2021
The president of the RPS said the group had taken the decision to alter its investment strategy in the latest win for the global divestment campaign. In related news, Luton Borough Council this week unanimously passed a motion calling on the Bedfordshire Pension Fund to disinvest its fossil fuel.
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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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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.
Dozens of Ad & PR Industry Directors Have Ties to Heavily Polluting Industries
DeSmogBlog
APRIL 3, 2024
Of the 64 total board members at Omnicom Group , WPP , Interpublic Group (IPG), Publicis Groupe , Dentsu and Havas , 32 have significant experience in carbon-heavy sectors such as fossil fuels, fossil fuel financing, plastics, utilities, and aviation. Twenty-two are still serving in roles at such companies.
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Grid investment key as renewables dominate future energy economy says IEA
Smart Energy International
OCTOBER 24, 2023
The International Energy Agency’s (IEA’s) latest World Energy Outlook (WEO) report finds that, as the world moves towards a more electrified and renewables-based energy system, which will be needed to prevent costs associated with potentially volatile fuel prices, investment in robust, digitalised grid systems will need follow suit.
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Boris Johnson Meets Coal Baron on India Tour Despite Calling For End to Dirtiest Fossil Fuel
DeSmogBlog
APRIL 21, 2022
#AtmanirbharBharat pic.twitter.com/IzoRpIV6ns — Gautam Adani (@gautam_adani) April 21, 2022. Adani also met Johnson at the UK government’s “ global investment summit ” in October ahead of the UN COP26 climate summit hosted in Glasgow, Scotland. degrees Celsius above pre-industrial levels”. Adani Group did not respond.
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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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‘We Have to Stop Demonising Oil and Gas’ Jacob Rees-Mogg Told UAE Investment Chief
DeSmogBlog
JUNE 12, 2023
Former Business and Energy Secretary Jacob Rees-Mogg spoke of his desire for people to “stop demonising oil and gas” in a private meeting with the head of the United Arab Emirates’s state investment company, DeSmog can reveal. Rees-Mogg held the meeting on 17 October 2022, during the short-lived tenure of former Prime Minister Liz Truss.
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New fossil fuel projects incompatible with 1.5C climate pathway, report warns
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. There is no room for new fossil import infrastructure in Europe in a 1.5C-aligned aligned gas phase-out pathway," the study notes.
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Aviva Investors unveils wave of fossil fuel exclusion policies and net zero pledge
Business Green
FEBRUARY 28, 2021
Aviva has announced it intends to reach net zero emissions across its operations, supply chain, and investments by 2040, unveiling a number of new exclusion policies that will see the firm distance itself from the most carbon intensive fossil fuel companies.
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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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Fresh delays for major battery storage project in Northumberland
Envirotec Magazine
FEBRUARY 5, 2024
The site at West Sleekburn received planning in October 2022 but subsequently had its planned connection date delayed until October 2036. The actions of NPG go directly against the Government’s wider agenda to move away from fossil fuels and achieve carbon net zero goals by 2050 and it is stifling investment in the area.
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The world’s electrical utilities still progressing too slowly towards a renewable energy transition
Envirotec Magazine
NOVEMBER 17, 2023
As policymakers and leaders around the world prepare for pivotal climate discussions at COP28, the sector must seize the momentum to create more renewable energy, enabling other sectors to decarbonise, and shifting demand away from fossil fuels. There are small indications of change.
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Greenpeace: Car makers showing slow progress on decarbonizing supply chains
Envirotec Magazine
OCTOBER 26, 2023
“Despite rapid growth in EV sales, a staggering 94 percent of cars sold last year by the world’s biggest traditional automakers were powered by fossil fuels. Leading automakers need to accelerate the shift away from fossil fossils, rather than boasting about their minimal EV sales share.”
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'Climate security is energy security': Alok Sharma urges world to 'break dependency on fossil fuels'
Business Green
MAY 16, 2022
In a speech in Glasgow to mark six months since the landmark UN Climate Summit, the COP26 President conceded the Kremlin's "illegal and brutal" war, rising inflation, and cost of living concerns had dominated the political and media agenda in 2022, but stressed that climate action must remain a top priority for governments around the world.
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The fossil-fuel party is raging again, but Canada still needs a plan for the hangover to come
Clean Energy Canada
JUNE 14, 2022
Commercial rents in downtown Calgary are on the rise, and long-thought dead fossil-fuel export projects have zombified. Previous high oil and gas price cycles have driven consumers to purchase more efficient cars and better insulate their homes, while the business community found ways to use less fossil fuel. And the U.S.
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