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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. To put that in context, Environmental Defence’s “Canada’s Fossil Fuel Funding in 2023” report estimates that the Canadian government’s accumulated subsidies to the oil and gas sector over the last four years was at least $65 billion.

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More than 130 companies including Ikea, Volvo ask world leaders to ‘phase out’ fossil fuels

The Verge: Energy

. | Photographer: Krisztian Bocsi / Bloomberg via Getty Images More than 130 companies, including Volvo Cars, Ikea, Unilever, Nestlé, and AstraZeneca, signed a letter calling on governments to adopt a global plan to phase out fossil fuels without carbon capture during upcoming international climate negotiations.

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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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Report details China’s complex energy landscape and its enormous green energy shift

Envirotec Magazine

Wind is China’s largest source of electricity after coal and hydropower, delivering 9.4% of the total electricity supply in 2023. It also looks at the persistence of fossil fuels in its energy mix. On the other hand, DNV forecasts fossil fuels will still account for 40% of its energy mix in 2050.

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The race to mainstream electric vehicles by 2030

GreenBiz

The race to mainstream electric vehicles by 2030. Denmark set the same goal — phase out new fossil fuel vehicle sales in 2030 — and world-leader Norway plans to make the switch in 2025. Technology advances, for one. Policy & Politics. Electric Vehicles. Katie Fehrenbacher. Wed, 12/02/2020 - 00:30.

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EU plots reform of electricity markets to tackle 'fossil fuel crisis'

Business Green

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.

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BNEF: Electric vehicles will be cheaper than fossil fuel models by 2027

Business Green

Influential analyst firm predicts all new car sales in EU could be electric by 2035, provided that tougher emissions regulations are enacted now. Julia Poliscanova, senior director for vehicles and e-mobility at Transport and Environment, urged EU lawmakers to establish a phase out date for fossil fuel vehicles.