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GB News Owner’s Hedge Fund Has $2.2 Billion Fossil Fuel Investments

DeSmogBlog

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.

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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. 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

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'On the brink of overtaking fossil fuels': Clean energy investment tops $1tr for first time

Business Green

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.

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

Envirotec Magazine

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. of total hydrogen demand. Despite economic headwinds, deployment of electrolysers is beginning to accelerate.

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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. billion investment in the UK’s green energy transition. Both agencies are owned by the London-based global media group WPP. Credit: Sam Whitham.

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Most EU Hydrogen Projects Risk Prolonging Use of Fossil Fuels

DeSmogBlog

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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ExxonMobil Announces $10 Billion Oil Investment the Same Day IPCC Signals End for Fossil Fuels

DeSmogBlog

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. It is what science tells us will result from our current energy policies.”.