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Global warming is projected to exceed 1.8°C, according to McKinsey report

Envirotec Magazine

The energy transition continues to gain steam, with oil demand projected to peak in this decade, perhaps as soon as 2025, according to new research by global consultancy firm McKinsey & Company. To keep up with these net-zero ambitions, the global energy system may need to significantly accelerate its transformation.

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Report: As Climate Crisis Expands, Canada Still Hands Billions to Fossil Fuel Industry

DeSmogBlog

billion supporting the fossil fuel and petrochemical industry. To put that in context, Environmental Defence’s “Canada’s Fossil Fuel Funding in 2023” report estimates that the Canadian government’s accumulated subsidies to the oil and gas sector over the last four years was at least $65 billion.

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GB News Owner’s Hedge Fund Has $2.2 Billion Fossil Fuel Investments

DeSmogBlog

billion) in fossil fuel firms. This includes companies that specialise in extracting, refining, transporting and distributing fossil fuels. million) shareholding in the oil and gas supermajor Chevron, as well as stakes in Shell, Equinor, and 109 other fossil fuel companies. billion (£1.8

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Give Climate Change the Name It Deserves: Fossil-Fueled Destruction

DeSmogBlog

First there was the “greenhouse effect” — a phenomenon identified as early as 1856 by a largely unheralded woman scientist, Eunice Foote, who reported at the time that glass jars filled with air laced with carbon dioxide heated up much quicker than air without it. The term “global warming” stuck.

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European scientists group urges ban on new natural gas boilers

Envirotec Magazine

Natural gas is not cleaner than other fossil fuels and using it instead of coal or oil risks achieving little or no reduction in greenhouse gas effects, says science advisory group the European Academies’ Science Advisory Council (EASAC) in a new report “Future of Gas”. The climate does not make compromises.”

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‘Majority of Fossil Fuels Must Stay in Ground to Meet 1.5C Goal’

DeSmogBlog

Scientists believe that stabilising our warming world’s temperature at 1.5C Fossil fuels such as coal, oil and natural gas are the source of just over 80% of the world’s energy. To avert catastrophic warming, the global community must rapidly reduce how much of these fuels it extracts and burns.

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Research: Limiting global warming to 2C could create eight million green energy jobs

Business Green

Putting world on path to 'well below' 2C temperature goal in the Paris Agreement could create millions of green jobs worldwide, offsetting losses in fossil fuel sector, research estimates. Other countries such as Canada, Australia and Mexico, which are heavy fossil-fuel exporters, could also suffer net job losses.