Harvard's decision to ditch fossil fuel investments reflects changing realities
GreenBiz
OCTOBER 4, 2021
Students had demanded for years that the university divest from fossil fuels. What happens next?
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GreenBiz
OCTOBER 4, 2021
Students had demanded for years that the university divest from fossil fuels. What happens next?
GreenBiz
AUGUST 13, 2020
2020: Fossil fuels are dead, long live the sun. In this strangest of all years, as the death toll mounts from a disease caused by human incursions into once intact ecosystems, we’re observing another death — the demise of fossil fuels. COVID-19 constricted commuting, and demand for refined oil products fell fast.
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DeSmogBlog
OCTOBER 30, 2023
Paul Marshall is the chairman and chief investment officer of Marshall Wace, a London-based hedge fund that he co-founded in 1997. Marshall Wace is now one of the world’s largest hedge funds – an investment vehicle that bets on rising and falling share prices – with around $63 billion (£51.9 billion) in fossil fuel firms.
DeSmogBlog
MARCH 27, 2024
billion supporting the fossil fuel and petrochemical industry. Taxpayer handouts to Canada’s wealthiest companies means that less money is available for the types of investments that could actually help people across the country who are deciding between food and energy bills,” she said. Initially estimated to cost $5.4
GreenBiz
SEPTEMBER 8, 2020
to scrub fossil fuels from cleaning products. billion over the next 10 years into initiatives that will allow it to replace chemicals in its cleaning products made from fossil fuel feedstocks with greener alternatives — an investment it described as critical to meeting its aim of achieving net-zero emissions from its products by 2039.
The Guardian: Energy
SEPTEMBER 14, 2023
Fatih Birol, head of International Energy Agency, says countries planning expansion are ‘misjudging market trends’ Countries and companies planning to expand their fossil fuel production are taking “very unhealthy and unwise economic risks” as their investments may not be profitable, the world’s foremost energy adviser has warned.
The Guardian: Energy
DECEMBER 14, 2023
Exclusive: Sultan Al Jaber says Adnoc has to meet demand for fossil fuels, and hails ‘unprecedented’ Cop deal The president of the Cop28 climate summit will continue with his oil company’s record investment in oil and gas production , despite coordinating a global deal to “transition away” from fossil fuels.
Business Green
JUNE 17, 2022
University of Oxford academics argue investments in fossil fuels in response to energy crunch will have a smaller economic and energy security impact than those in energy efficiency and clean energy infrastructure. Gas investment can be significantly slower.". Energy efficiency and green energy measures are much faster.
Business Green
JANUARY 27, 2023
BNEF reports that global investment in the clean energy transition rose 30 per cent last year to record levels Global investment in the clean energy transition soared to record levels last year, surpassing $1tr as the sector matched the level of investment in fossil fuels for the first time.
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.
DeSmogBlog
JANUARY 8, 2024
Photos I shot last year in South Louisiana illustrate the Gulf Coast’s rapidly expanding fossil fuel industry, and the groundswell of frontline community members, environmental advocates, and activists fighting to stop it. While “green” hydrogen fuel can be produced with renewable energy, that process is cost prohibitive for now.
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. Credit: Sam Whitham.
DeSmogBlog
DECEMBER 29, 2023
Fossil fuel companies, which have promoted hydrogen as a catch-all solution to climate change, rank among the top spenders and outnumber clients from every industry, including the renewable energy sector, the analysis shows. That is an extremely lucrative place for the fossil fuel industry to be,” she said. “If
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.
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.
DeSmogBlog
DECEMBER 11, 2023
That tonal change drove home the point that this was not merely a phenomenon to be described, but a tectonic shift demanding ongoing reporting. Climate change” describes only the result of fossil fuel-based greenhouse gases. A term like “fossil fueled-destruction” would name the cause as well as the effect.
DeSmogBlog
MAY 31, 2022
A fossil fuel executive recently told Fortune , “Appalachia is the elephant in the room,” referring to the claim that demand for natural gas is rising, while supply in Appalachia and the United States is falling. But what he gets wrong is that the future does not entail further dependence on fossil fuels.
GreenBiz
JULY 15, 2020
Could trash-to-energy technology feed hydrogen demand? One novel spin on emerging hydrogen fuel options is "clean hydrogen" made from trash. . Clean hydrogen could cut greenhouse gas emissions from fossil fuel by up to 34 percent, reported Bloomberg New Energy Finance. . Arlene Karidis. Wed, 07/15/2020 - 01:00.
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.
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
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.
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.
Business Green
MARCH 19, 2021
Study from IEA and Imperial highlights decade of clear evidence that renewables firms are performing better than fossil fuel-focused businesses. Our research demonstrates that all over the world renewable power has outperformed fossil fuels," he said.
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. Finance & Investing.
Impact Alpha
JUNE 3, 2020
The signposts are clear: the fossil fuel industry is in long-term decline as demand shifts to clean energy. Fossil fuel producers, however, continue to invest $5 trillion a year in new production despite falling demand and calls to limit emissions and planetary warming. Low-cost renewables.
R-Squared Energy
DECEMBER 1, 2022
Over the past decade, climate and environmental activists have pushed organizations to divest fossil fuel investments. The purpose of the divestment movement is to starve fossil fuel companies of the investments they need to develop new resources. However, I still use fossil fuels in my daily life.
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. No New Fossil Fuel Investments’. It’s not a very radical demand”, she added. It’s very obvious.”.
DeSmogBlog
APRIL 1, 2022
Banks, pension funds and investors are unshackling themselves from problematic investments in companies and states complicit in destruction in Ukraine – and they’re doing it fast. Fossil Fuel Conflict. Climate breakdown and war have a cause in common – the fossil fuel economy.
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.
Green Business Bureau
JANUARY 27, 2022
We can stop investing in businesses that harm the planet and the people that inhabit it. Divestment is a tactic in which an organization, such as an institution or individual, divests itself of stocks, bonds, or investment funds that are unethical or morally ambiguous. What Is Responsible Divestment?
Envirotec Magazine
APRIL 12, 2022
The global stampede to develop clean energy sources has prompted a demand for ammonia analysers from the developers of engines that will be capable of using ammonia as a fuel. Historically, this process has been employed to manufacture agricultural fertilizers using natural gas (fossil fuel) as the source of hydrogen.
NRDC onEarth
JULY 5, 2023
No fossil fuels, no problem? Texas investments in wind and solar pay off, generating record-breaking renewable power to meet all-time high electricity demand during nearly 10-day heat dome—despite fossil fuel plant failures.
Low Impact
AUGUST 11, 2021
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. Recently, Bloomberg NEF and Bloomberg Philanthropies produced a report on the scale and impact of global fossil fuel subsidies.
DeSmogBlog
DECEMBER 10, 2021
An in-depth article by the website Carbon Brief argues that the fuel is unlikely to be taken up universally, particularly as “the volume required to satisfy all the possible applications for low-carbon hydrogen would likely far exceed the amount available, even if production is significantly scaled up.”. Credit: Gaia Lamperti.
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.
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.
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.
The Guardian: Energy
NOVEMBER 27, 2023
Climate scientists say fossil fuel use needs to fall rapidly – but oil-rich kingdom is working to drive up demand Saudi Arabia is driving a huge global investment plan to create demand for its oil and gas in developing countries, an undercover investigation has revealed. Continue reading.
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.
Business Green
DECEMBER 1, 2023
. - by Stuart Stone ( @sstone26 ) COP28: Hopes of fossil fuel 'phase out' hit by revelations of Saudi plan to boost oil demand Investigations reveal how Saudi Arabia is working on controversial plan to 'hook' developing economies on oil and gas. -
Business Green
AUGUST 4, 2022
And I urge people everywhere to send a clear message to the fossil fuel industry and their financiers: this grotesque greed is punishing the poorest and most vulnerable people, while destroying our only home.". All countries - and especially developed countries - must manage energy demand," he said. in tax relief.
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.
GreenTechMedia
SEPTEMBER 27, 2019
primary energy demand, according to the Department of Energy. At many of these facilities, fossil fuels, and especially natural gas, are the energy feedstock used for process heating applications. But what if the sun’s energy could take over the job much of the time and displace fossil fuels? in Lemoore.
Business Green
JANUARY 11, 2022
Electric vehicles (EVs) are set to become the most in-demand option for drivers across Europe within the next three years, with a rapid shift to electric mobility on roads now inevitable over the coming decade and beyond, a major new study of seven national auto markets has concluded.
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