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World’s biggest economies pumping billions into fossil fuels in poor nations

The Guardian: Energy

G20 countries spent $142bn in three years to expand operations despite a G7 pledge to stop doing so, study finds The world’s biggest economies have continued to finance the expansion of fossil fuels in poor countries to the tune of billions of dollars, despite their commitments on the climate.

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Fossil fuels are losing ground to renewable energy in Europe

The Verge: Energy

. | Photo by Jan Woitas/picture alliance via Getty Images The European Union saw a record drop in pollution from fossil fuel power plants last year, according to a new report. Ember, an energy think tank that crunched the numbers, calls it “an unprecedented collapse in coal and gas electricity generation.”

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Prospective GB News Board Member is Fossil Fuel Investor

DeSmogBlog

According to his parliamentary register of interests, Lord Theodore Agnew has shares of at least £100,000 in Equinor, the Norwegian state-owned energy producer. The IEA, a free market group that has advocated for more fossil fuel extraction, received funding from BP for at least 50 years. Agnew and Edwards declined to comment.

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World’s top fossil-fuel bosses deride efforts to move away from oil and gas

The Guardian: Energy

Executives at Texas summit claim clean-energy transition is failing and say world should ‘abandon the fantasy’ of fossil-fuel phaseout The bosses of the world’s leading oil and gas companies have poured scorn on efforts to move away from fossil fuels, complaining that a “visibly failing” transition to clean energy was being pushed forward at an “unrealistic (..)

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Electrofuels Are the Future: The Driving Force to Decarbonizing Heavy Transport

Speaker: Ayesha Choudhury - Senior Vice President, Head of Capital Markets at Infinium

With the first wave of the energy transition, renewable energy sources (such as solar and wind) have begun replacing coal power generation. Electrofuels (aka eFuels) are the next generation of solutions to help the hardest-to-abate sectors pivot from their reliance on fossil fuels.

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Record number of fossil fuel lobbyists get access to Cop28 climate talks

The Guardian: Energy

UAE-hosted summit admitted at least 2,456 people affiliated with oil and gas industries, analysis finds See all our Cop 28 coverage At least 2,456 fossil fuel lobbyists have been granted access to the Cop28 climate negotiations, according to an analysis.

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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.