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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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Revealed: Three-quarters of Prestigious Green Advertising Awards Go To Agencies Working for Fossil Fuel Industry

DeSmogBlog

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. Both agencies are owned by the London-based global media group WPP. Credit: Sam Whitham.

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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.” Based upon Val Verde, since the 1970s, U.S.

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Fossil Fuel Industry Given Billions in EU Hydrogen Support, Report Finds

DeSmogBlog

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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The Future(s) of Fossil Fuels - 2020

Mr. Sustainability

The time is therefore now to plan an orderly wind-down of fossil fuel assets and manage the impact on the global economy rather than try to sustain the unsustainable. The worst year for oil ever Oil fueled the 20th century. Many of us now believe it is not a matter of if, but when we will transition away from fossil fuels.

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'Fuelling climate chaos': How big banks poured $750bn into fossil fuels during the pandemic year

Business Green

Fossil fuel financing declined by nine per cent in 2020 amid the economic downturn, but campaigners warn overall trend is 'one heading definitively in the wrong direction'.

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Revealed: Two Thirds of Online Posts from Six Major European Fossil Fuel Companies ‘Greenwashing’

DeSmogBlog

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.