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IEA’s World Energy Outlook 2023 Predicts Peak Fossil Fuel Demand

R-Squared Energy

Perhaps the most noteworthy prediction from the report is of peak demand for fossil fuels within this decade. However, it is important to note that coal is the only fossil fuel projected to decline over the next decade under the IEA’s Stated Policies Scenario. The full report may be found here.

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

DeSmogBlog

Last year was one of the worst on record for climate change-related disasters, yet Canada’s federal government spent $18.6 billion supporting the fossil fuel and petrochemical industry. It is 10 times what the government has invested in climate change adaptation since 2015. The report also noted over $1.3

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The world came tantalizingly close to a deal to phase out fossil fuels

The Verge: Energy

The beginning of the end for fossil fuels? This text is a step forward on our path towards phasing out fossil fuels, but is not the historic decision we hoped for.” More than 100 countries came to the table pushing for an official agreement to “phase out fossil fuels.”

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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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Green hydrogen held back by lagging policy support and rising cost pressures

Envirotec Magazine

The report suggests steps for governments to take, to reduce risk and improve the economic feasibility of low-emissions hydrogen. The group says timely rollout of policy support is needed to deliver on investments. Yet, installed capacity and volumes remain low as developers wait for government support before making investments.

Hydrogen 147
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Kick Fossil Fuel Interests Out of Climate Policy Process, Campaigners Urge

DeSmogBlog

World leaders must bring in stricter criteria to exclude fossil fuel companies from decision-making, campaigners have urged, as talks at the crucial COP26 summit enter their fifth day. The UNFCCC, the EU and UK should ensure climate decision-making is protected from fossil fuel interests at the regional, national and local level.

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EY Oceania accused of potential conflict of interest over government contracts on climate policy

The Guardian: Energy

The firm, which is a member of the oil and gas lobby and audits Santos , insists there was no conflict of interest between its work for industry and government. The firm, which is a member of the oil and gas lobby and audits Santos , insists there was no conflict of interest between its work for industry and government.

Oceania 101