DeSmogBlog

NOVEMBER 11, 2021

JPMorgan Chase is the world’s biggest financier of fossil fuels, according to environmental organisations. In 2020 the bank pledged to end fossil fuel loans for Arctic oil drilling and phase out loans for coal mining. Fossil Finance. JP Morgan declined to comment.

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Fossil fuels Demand Climate change Construction 98

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.

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Fossil fuels Pollution Plastics Sustainability 134

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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Fossil fuels Investment Climate change Global warming 98

GreenBiz

JULY 27, 2020

Morgan Stanley will measure CO2 impact of loans and investments. bank to commit to measuring and disclosing the climate impact of its loans and investments, announcing last week that it has joined a multi-trillion dollar group of global financial institutions developing a standardized method for carbon accounting.

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Investment Fossil fuels Carbon Sustainability 407

DeSmogBlog

JUNE 22, 2023

But the data compiled by Brussels-based research and advocacy group Food & Water Action Europe, and shared with DeSmog, shows that 57 percent of 147 hydrogen projects under consideration by the European Commission are designed to also carry natural gas, or “blue” hydrogen made from the fossil fuel.

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Fossil fuels Hydrogen Natural gas Europe 91

DeSmogBlog

NOVEMBER 16, 2022

The findings underscore concerns over the role of the fossil fuel industry at the negotiations, known as COP27, which have become a focal point for deals to exploit African natural gas. These talks are supposed to be about moving us away from fossil fuels, phasing them out,” Sabido told DeSmog. Conflict of interest.

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Fossil fuels COP Plastics Pollution 97

DeSmogBlog

DECEMBER 11, 2023

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. Such conflicts and record-breakers are happening hourly somewhere in the world.

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Fossil fuels Climate change Global warming Pollution 93

The Environmental Blog

OCTOBER 20, 2022

With the rising fuel costs and global events leading the nightly news, if you’re wondering how you can make a difference and lower your energy costs simultaneously, you should consider alternative energy sources. Price increases alone should spur interest and demand in pursuing alternative energy sources. Consider It an Investment.

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Demand Solar Energy Monitor Business Energy Monitoring Energy Monitor 195

Business Green

JANUARY 11, 2023

Campaign group One for One warn fossil fuels should be viewed as the highest risk class of assets and urges government to tighten financial regulations to avert risk of a financial crash. The One for One rule will ensure that banks making high-risk fossil fuel investments shoulder that risk themselves," she added. "It

Fossil fuels 96

Fossil fuels Climate change Government Investment 96

Low Impact

AUGUST 11, 2021

All governments, including the UK, are telling us that they’re laser-focused on reducing carbon emissions. We have to stop burning fossil fuels and leave them in the ground. It looks as though, in a corporate-dominated, growth economy, no fossil fuels are going to be left unburnt. How are they doing?

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Fossil fuels Packaging Government Carbon 101

Green Business Bureau

JANUARY 27, 2022

To protect our communities and save taxpayer dollars, we need to slow these costly impacts by reducing carbon pollution now – at the same time we accelerate the clean energy solutions that will power our future prosperity. . We can stop investing in businesses that harm the planet and the people that inhabit it.

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Climate change Investment Fossil fuels Ethics 145

DeSmogBlog

FEBRUARY 28, 2023

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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Fossil fuels Law Organic Pollution 87

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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Fossil fuels Building Energy Monitoring Energy Monitor Energy 52

Business Green

SEPTEMBER 20, 2022

The world's first public database tracking fossil fuel production, reserves, and emissions has officially launched this morning, in a bid to foster more transparency around fossil fuel production, national energy policies, and stranded asset risks. if they burned through all their reserves.

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Fossil fuels Carbon-neutral Energy Monitor Home Energy Monitoring 73

DeSmogBlog

AUGUST 19, 2021

The environmental activist group Extinction Rebellion (XR) is planning a series of protests targeting the City of London to demand an end to investments in fossil fuels around the world. Lawyer and anti-airport expansion campaigner Tim Crossland said: “The City of London is the arch funder of the carbon economy.”.

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Fossil fuels Climate change Demand Investment 98

DeSmogBlog

DECEMBER 10, 2021

The UK government’s Hydrogen Strategy , launched in August, promises to develop a “thriving low carbon hydrogen sector” as a “key plank” of its climate plans, and the fuel was given pride of place at a “Hydrogen Transition Summit” hosted in Glasgow during the recent UN climate talks. Credit: Gaia Lamperti. Hydrogen Europe.

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Fossil fuels Hydrogen Europe Natural gas 97

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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Fossil fuels Building Energy Monitoring Business Energy Monitoring Energy Monitor 94

DeSmogBlog

SEPTEMBER 9, 2021

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. target because it was already at its limit, given our projections of fossil fuel demand in the near future.

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Fossil fuels Carbon-negative Global warming Climate change 93

Envirotec Magazine

APRIL 26, 2022

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. Nonetheless, the long-term transition to low-carbon energy systems continues to see strong momentum and, in several respects, acceleration.

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Global warming Fossil fuels Hydrogen Demand 361

DeSmogBlog

JULY 8, 2021

Over €8 billion is being invested in hydrogen and “renewable gas” projects in southern Europe using EU Covid-19 recovery funds, thanks to extensive lobbying by the fossil fuel industry, a new report has found. . The over-emphasis on hydrogen as a result of lobbying could lock Europe into decades more of fossil fuels.

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Fossil fuels Hydrogen Politics Europe 98

DeSmogBlog

OCTOBER 3, 2021

Nearly two thirds of social media posts put out by six major European fossil fuel and energy companies since the end of 2019 present a “green” image of the company, despite the majority of their business activity remaining in fossil fuels, reveals new analysis by Desmog.

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Fossil fuels Carbon-neutral Carbon-negative Carbon 98

Envirotec Magazine

APRIL 25, 2024

It also looks at the persistence of fossil fuels in its energy mix. On the other hand, DNV forecasts fossil fuels will still account for 40% of its energy mix in 2050. China, already a leader in renewable energy investments, will more than quintuple renewable energy installations by 2050.

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Energy Monitor Solar Energy Monitor Building Energy Monitoring Energy 147

Business Green

SEPTEMBER 14, 2022

Ursula von der Leyen sets out plans to mandate revenue cap on electricity generators and secure a 'crisis contribution' from fossil fuel companies in her State of the European Union address. We are in a fossil fuel crisis, the fossil fuel industry has a special duty too," she said.

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Fossil fuels Electricity Lithium Europe 88

Envirotec Magazine

NOVEMBER 9, 2023

Coal-fired power plant chimneys: In fast-growing economies, rapidly increasing energy demand is triggering investment in both low carbon and fossil fuel generation, leaving certain countries, including India and China, unlikely to reach net zero until much later.

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Fossil fuels Aviation Climate change Biodiversity 147

DeSmogBlog

NOVEMBER 4, 2021

GLASGOW, SCOTLAND – Only two of the 35 stalls lauding countries’ green credentials at the COP26 UN climate summit mention the need to cut fossil fuel production — the chief cause of the carbon emissions driving climate change. . We urge all leaders to put people and the planet over the profit of the fossil fuel industry.”.

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Fossil fuels Africa Climate change Pollution 98

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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Investment Fossil fuels Energy Energy 97

DeSmogBlog

DECEMBER 5, 2023

billion in new subsidies to oil and gas companies, and other heavy emitters, for expanding the production of fossil fuels, according to climate experts. Policymakers previously estimated the value of these investment tax credits to be $10 billion. billion to $5.3 billion for CCS projects.

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Carbon Fossil fuels Global warming Government 109

Envirotec Magazine

OCTOBER 13, 2022

Clean Growth Fund and Barclays have invested £4.4m A spin-out from Queen’s University Belfast, MOF Technologies has developed an energy efficient carbon capture solution to reduce harmful emissions from cement works, steel works, or energy-from-waste plants. Addressing this issue, MOF Tech is at the cutting edge of carbon capture.

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Carbon Fossil fuels Technology Investment 130

Business Green

JULY 30, 2020

French oil giant concedes oil sands projects are becoming too expensive and warns that 'beyond 2030' peak oil demand beckons. As well as writing down fossil fuel assets, BP, Total and Shell, have also all recently unveiled net zero transition goals, as the firms embark on reshaping their business model for the future green economy.

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Fossil fuels Demand Carbon Natural gas 95

DeSmogBlog

NOVEMBER 4, 2022

Indigenous delegates said they had been amazed at the “wilful ignorance” they encountered when demanding global banks cease financing new fossil fuel projects on their ancestral lands in what is today North America. HSBC, Credit Suisse, and Barclays finance TransCanada, campaigners say. and Canadian emissions.

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Fossil fuels North America Pollution Natural gas 94

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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Fossil fuels Investment Climate change Demand 95

Envirotec Magazine

DECEMBER 20, 2023

Commentators were concerned about the decisive role seemingly prepared for carbon removal technologies. The headline commitment of COP28 was the pledge to transition away from fossil fuels. Fossil fuels were mentioned for the first time in a COP text two years ago, at COP26 in Glasgow. King continued: “Ensuring 1.5C

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Fossil fuels Global warming COP Carbon 130

GreenTechMedia

AUGUST 4, 2020

BP will cut its oil and gas output by 40 percent by 2030 and increase its low-carbon investment tenfold by then, the company announced Tuesday as it begins to detail its 2050 net-zero strategy. In June it upped its carbon price forecast for 2030 to $100 per ton , from the $40 it assumes now. Carbon offsets.

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Fossil fuels Hydrogen Carbon Investment 130

Business Green

FEBRUARY 3, 2021

There are no easy paths to net zero but inherent fossil fuel bias in the UK system is just frittering away our carbon budget, distorting the renewables market, and inhibiting green investment, argues Laura Sandys CBE. Audit and address fossil fuel bias. Making fossil onerous. It is lose-lose.

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Fossil fuels Energy Energy Policy 67

Clean Energy Canada

MARCH 21, 2023

million job decline in fossil fuels in this scenario (the world will want a lot less oil and gas), this is far exceeded by the 2.2-million investing half a trillion dollars in clean energy and other countries quickly following suit, the energy transition is already a reality. While there will be a 1.5-million With the U.S.

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Fossil fuels Energy Energy Policy 95

Business Green

FEBRUARY 14, 2021

Another record year for renewables saw clean power sources overtake fossil fuels on Britain's grid for the first time in 2020, but new nuclear and emerging technologies such as hydrogen and bioenergy carbon capture and storage are likely to be required to deliver a fully decarbonised energy system.

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Fossil fuels Power grid Carbon-negative Hydropower 101

Business Green

SEPTEMBER 1, 2020

University of Sheffield professor of chemical engineering and chemistry Peter Styring explains to BusinessGreen how Unilever's new commitment could spur public understanding and government support for a transition away from fossil fuel derived chemicals.

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Fossil fuels Carbon Biotechnology Biodegradable 69