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Grid + renewables spend hikes beyond fossil fuels

Smart Energy International

In this week’s edition of Smart Energy’s Power Playbook, Yusuf Latief reports on an investment update from the International Energy Agency (IEA) which has found that of the total $3 trillion expected to be invested in energy, the lion’s share will go into renewables and the power grid, surpassing fossil fuels. What do you think?

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‘Shame On You’: Indigenous Campaigners Demand JPMorgan End Fossil Fuel Finance

DeSmogBlog

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.

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Appalachia Does Not Need More Fossil Fuel Greed

DeSmogBlog

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.

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Putin's €93bn Fossil Fuel Bonanza: Russia's wartime income revealed by new data

Business Green

The scale to which fossil fuel revenue is bankrolling Russia's illegal invasion of Ukraine has been exposed thanks to detailed tracking of Russian oil, gas, and coal shipments and pipeline exports by the Centre for Research on Energy and Clean Air (CREA). Much stronger action is needed to cut off the flow of cash to Russia.

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2022 in Photos: Gaslighting by the Fossil Fuel Industry and Its Supporters

DeSmogBlog

Photos I shot in 2022 for DeSmog capture damage from extreme weather events and the continued expansion of the fossil fuel industry — the dominant industry causing global warming. Travis and Nicole Dardar in front of their home in Cameron, Louisiana, near the Venture Global Calcasieu Pass LNG export facility. Credit: Julie Dermansky.

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Just Two Countries Mention Need to Cut Fossil Fuel Production at COP26 ‘Greenwashing’ Stands

DeSmogBlog

GLASGOW, SCOTLAND – Only two of the 35 stalls lauding countries’ green credentials at the COP26 UN climate summit mention the need to cut fossil fuel production — the chief cause of the carbon emissions driving climate change. . We urge all leaders to put people and the planet over the profit of the fossil fuel industry.”.

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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. Such investments will soon be stranded assets, a blot on the landscape, and a blight on investment portfolios.”.