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California Pension Funds Have Billions Invested in Fossil Fuel Companies Named in State’s Lawsuit

DeSmogBlog

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. Lena Gonzalez (D-Long Beach) introduced legislation requiring both funds to divest from the 200 largest fossil fuel companies by the 2030s — holdings worth about $15 billion.

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Alberta renewables should have fewer roadblocks than fossil fuels, not more

Clean Energy Canada

While Alberta moves full speed ahead on approving new fossil fuel projects, it inexplicably has put the brakes on developing renewable energy projects. Between 2025 and 2050, there could be as many as 419,000 clean energy jobs added in the province. According to the Business Renewable Centre, Alberta was on track to see $3.7

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“The end of the fossil fuel era” may be in sight following COP pledge

Envirotec Magazine

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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IEA’s World Energy Outlook 2023 Predicts Peak Fossil Fuel Demand

R-Squared Energy

Perhaps the most noteworthy prediction from the report is of peak demand for fossil fuels within this decade. However, it is important to note that coal is the only fossil fuel projected to decline over the next decade under the IEA’s Stated Policies Scenario. The full report may be found here.

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'Imminent emissions inflection point': Why global CO2 from fossil fuels could peak in 2025

Business Green

There is growing confidence that clean technologies could start to squeeze the dominance of fossil fuels across the global economy, and potentially sooner than previously thought Whisper it, but is the dominance of fossil fuels across the global economy finally starting to wane? It's conclusions are similarly encouraging.

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UN chief: Fossil fuel firms without credible net zero plans 'should not be in business'

Business Green

By September this year, Guterres said all businesses, cities, regions, and financial institutions that have pledged to achieve net zero emissions by 2050 should present their transition plans "with credible and ambitious targets for 2025 and 2030", as recommended by the UN net zero expert group appointed by the secretary-general last year.

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World Bank Continues Financing Fossil Fuels Despite Climate Crisis

DeSmogBlog

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 Big Shift Global report called on the World Bank to definitively rule out support, both direct and indirect, for fossil fuel projects, which it has yet to do.