article thumbnail

IEA: Global clean energy investment 'significantly' outpacing fossil fuel spending

GreenBiz

Investment in clean energy is gaining momentum but is still off the pace required to meet the 1.5 Celsius goal, according to a new IEA report.

article thumbnail

2020: Fossil fuels are dead, long live the sun

GreenBiz

2020: Fossil fuels are dead, long live the sun. We’ve spent decades promoting clean energy technologies. 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. Hunter Lovins.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Companies still investing too much in fossil fuels, global energy watchdog says

The Guardian: Energy

Head of International Energy Agency says the industry faces a ‘moment of truth’ as Cop28 talks approach Fossil fuel companies are investing twice as much in oil and gas as they should if the world hopes to limit rising global temperatures to avert a climate catastrophe, according to the International Energy Agency (IEA).

article thumbnail

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. Agnew also has shares in Carbon Plus Capital, a private investment company which specialises in carbon offsetting “based on the protection of forests”. GB News did not respond.

article thumbnail

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement

GreenBiz

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. As fossil fuel companies' social license to operate becomes increasingly frayed, more industries in their orbit are getting entangled in the reputational quagmire that is now part and parcel of any activity that exacerbates the climate crisis.

article thumbnail

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.