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Meet the startup producing oil to fight climate change

Grist

The company would take those almond shells and other types of biomass, convert them into a carbon-rich oil, and inject the oil deep underground. Strange as it may sound, demand for this service — a form of what’s called “ carbon removal ” — was just beginning to grow. That’s where carbon removal comes in.

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UN: Investment in battling climate change at risk of decline

Business Green

UN Conference on Trade and Development fears that slowdown in foreign investment could impact flows of climate-related finance. Investment in projects that tackle climate change is expected to decline in 2022 as global foreign direct investment flows drop, according to a report published by the UN Conference on Trade and Development.

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A fossil fuel demand peak is fast approaching, but will it come soon enough?

Business Green

A new report from McKinsey predicts global fossil fuel demand 'will never return to its pre-pandemic growth curve', but warns the world is still on track to badly miss its climate goals. The oil industry has been particularly badly hit.

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The (not so) green recovery: New report warns world is failing to 'build back better'

GreenBiz

For the vast majority of countries, recovery spending has been relatively low and not particularly green, according to the report, with any benefits from the greener elements contained in stimulus packages often undermined by concurrent fossil fuel and consumer-focused spending program. billion focused on renewables and $18.5

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Oil Industry ‘Net-Zero’ Pledges are an Attempt to Delay Climate Action, New Paper Warns

DeSmogBlog

A growing number of oil companies in the past year have announced targets to achieve “net-zero emissions” by mid-century, seemingly signaling a monumental shift in the history of the oil business towards low-carbon solutions. Fossil fuel companies have taken a variety of approaches when it comes to climate change.

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Oil Industry ‘Net-Zero’ Pledges are an Attempt to Delay Climate Action, New Paper Warns

DeSmogBlog

A growing number of oil companies in the past year have announced targets to achieve “net-zero emissions” by mid-century, seemingly signaling a monumental shift in the history of the oil business towards low-carbon solutions. Fossil fuel companies have taken a variety of approaches when it comes to climate change.

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Corporate Giants Promote Climate Action, But Work With Oil Lobbyists in State Capitols

DeSmogBlog

The connections with oil and gas lobbyists, the researchers say, undercut the highly public positions the companies have taken on addressing climate change. There is no ‘separate’ when the climate crisis will affect almost every issue before a state legislature — health care, infrastructure, taxes, and the whole economy,” he said.