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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.

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Groups Pressure Ottawa to Ban Fossil Fuel Ads in Public Facilities

DeSmogBlog

Community organizations, environmental groups, and transit advocates are demanding the city of Ottawa ban fossil fuel advertising from public spaces. For the first time in 20 years, this month Ottawa will review its Corporate Sponsorship and Advertising Policy. Our Allies are Asking for Canadian Energy.”

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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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BP and Shell ‘Shaped’ UK Carbon Tax Proposals, Private Emails Show

DeSmogBlog

Fossil fuel giants BP and Shell were given “ample opportunity” to privately influence proposals for taxing oil and gas companies that were later backed by the government, new documents reveal. The think tank was commissioned to produce a report on carbon pricing by the Climate Leadership Council (CLC), a controversial U.S.

Carbon 145
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Fossil Fuel Companies Made Bold Promises to Capture Carbon. Here’s What Actually Happened.

DeSmogBlog

Carbon capture and storage (CCS) was high on the agenda at New York Climate Week last week, where critics of the technology raised concerns it would be used to extend the life of the fossil fuel industry. The data showed us that their carbon capture plans are not working at scale.” What CCS Projects Promise.

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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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NYC Pensions Are Sued for Shedding Fossil Fuels

DeSmogBlog

Monica Weiss attended her first fossil-fuel divestment protest on a frigid February day in 2015. Subsequently, two independent reports suggested that the funds would “face high potential risk for economic disruption from the transition to a low carbon global economy” if they continued to invest in fossil fuel.