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Biden Administration Bans Fossil Fuel Usage In Federal Buildings

R-Squared Energy

Department of Energy has finalized a rule banning fossil fuels from new and renovated federal buildings. The Clean Energy for New Federal Buildings and Major Renovations of Federal Buildings Rule, mandated by the Energy Independence and Security Act (EISA) of 2007, mandates a phased reduction in fossil fuel usage in these buildings.

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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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French NGOs Sue BNP Paribas, Europe’s Largest Financier of Fossil Fuel Expansion

DeSmogBlog

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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Report: Oil and Gas Production Set to Escalate Under Landmark U.S. Climate Law 

DeSmogBlog

A new report warns that oil and gas production in the United States is expected to rise under Biden’s signature climate law, the Inflation Reduction Act (IRA), even as the legislation helps to moderately lower fossil fuel demand through billions of dollars in clean energy investments. The projected growth in U.S. Yet, the U.S.

Law 99
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How Should California Wind Down Its Fossil Fuel Industry?

GreenTechMedia

By law, California must have 100 percent carbon-free electricity by 2045, and an executive order signed by former Governor Jerry Brown calls for economywide carbon-neutrality by the same year. Clean energy is the state’s future. California, alone among major oil-producing states, does not have an oil severance tax.).

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New York State passes law to facilitate deeper geothermal drilling

ThinkGeoEnergy

The law implements key recommendations of the Climate Action Council and is an important step toward the state’s goal of 2 million electrified and electricity-ready homes by 2030. “We are thrilled that Governor Hochul has signed this bill into law.

Law 103
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Reports: Fossil fuel advertising ban comes into force in France

Business Green

Firms no longer permitted to promote petroleum and coal products and services in France under new climate law. 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.