The fossil fuel era is waning. Here’s what investors need to know
GreenBiz
JANUARY 31, 2024
What corporate climate action says about the fossil fuel industry’s 'terminal decline.'
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GreenBiz
JANUARY 31, 2024
What corporate climate action says about the fossil fuel industry’s 'terminal decline.'
The Verge: Energy
JULY 16, 2024
Photo: Getty Images Puerto Rico filed suit against fossil fuel companies this week, alleging that the oil and gas giants have misled the public about climate change and delayed a transition to clean energy. It’s the latest in a slew of lawsuits attempting to hold fossil fuel companies accountable for the consequences of climate change.
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The Guardian: Energy
JULY 25, 2024
António Guterres, secretary general of the UN, on Thursday called on countries to “fight the disease” of the world’s “addiction” to coal, oil and gas, warning that tumbling heat records this week must spur rich nations to lead the way in phasing out fossil fuels. Continue reading.
DeSmogBlog
JUNE 5, 2024
United Nations Secretary-General Antonio Guterres has called on governments to ban fossil fuel advertising and for creative agencies to stop creating campaigns for the industry, “Fossil fuels are not only poisoning our planet – they’re toxic for your brand,” Guterres told an audience in New York.
Speaker: Ayesha Choudhury - Senior Vice President, Head of Capital Markets at Infinium
Electrofuels (aka eFuels) are the next generation of solutions to help the hardest-to-abate sectors pivot from their reliance on fossil fuels. However, some sectors are lagging behind and struggling to decarbonize more than others, including large-scale transportation like commercial aviation, shipping, and rail transit.
Energy Transition
JUNE 19, 2024
Following the EU’s parliamentary elections on 6-9 June 2024 and with the war in Ukraine showing no sign of slowing, a pressing issue demands attention: the EU’s continuing active participation in, and facilitation of, Russia’s fossil fuel shipping and exports.
Renew Economy
JULY 10, 2024
New report analyses deep origins of the fossil fuel industry's fight against climate action and renewables, and the key players in Australia. The post Fossil fuel industry’s anti-climate and anti-renewables playbook goes back 57 years – they are still hard at it appeared first on RenewEconomy.
The Guardian: Energy
JUNE 19, 2024
Report finds developing countries are increasing reliance on coal, gas and oil as overall demand for energy rises The world’s consumption of fossil fuels climbed to a record high last year, driving emissions to more than 40 gigatonnes of CO 2 for the first time, according to a global energy report.
Impact Alpha
JULY 15, 2024
The post How oil barons and right-wing billionaires are manipulating the free market to extend fossil fuels appeared first on ImpactAlpha. The House Judiciary Committee has delivered a clear message to the free market: shut up about climate change or pay the price.
Renew Economy
MAY 12, 2024
Government subsidies to fossil fuel producers have risen sharply in the past year, triggering calls for the Commonwealth to scrap the concessions. The post Australian fossil fuel producer subsidies jump 31 pct to $14.5 billion appeared first on RenewEconomy.
The Guardian: Energy
APRIL 8, 2024
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.
The Guardian: Energy
JULY 20, 2024
Countries and companies involved in oil and gas extraction to be asked to join scheme aimed at tackling global heating Fossil-fuel producing countries and companies are being asked to pay into a new international fund to help poor countries cope with the effects of the climate crisis.
DeSmogBlog
JUNE 12, 2024
Since then, the Conservative government has made a series of U-turns on its own net zero policies, attacked Labour’s green spending plans, and doubled down on its support for new fossil fuel projects, approving more than 100 new North Sea oil and gas licences. This comes as DeSmog and Democracy for Sale reveal that £6.8 percent (£1.8
The Guardian: Energy
JUNE 5, 2024
In a major speech in New York on Wednesday, António Guterres called on news and tech media to stop enabling “planetary destruction” by taking fossil-fuel advertising money while warning the world faces “climate crunch time” in its faltering attempts to stem the crisis. Continue reading.
The Guardian: Energy
DECEMBER 4, 2023
Projected rate of warming has not improved in past two years, analysis shows Cop28 president forced into defence of fossil fuel phase-out claims See all our Cop28 coverage Global carbon emissions from fossil fuels reached record levels again in 2023, as experts warned that the projected rate of warming had not improved over the past two years.
The Guardian: Energy
DECEMBER 4, 2023
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.
PV Tech
JUNE 4, 2024
A report from Ember Climate notes that wind and solar generation in the EU have cut fossil fuel generation by one-fifth between 2019 and 2023.
The Guardian: Energy
MAY 14, 2024
Former Irish president and Ban Ki-moon say fossil lobbying is hampering climate progress Fossil fuel companies are forcing governments to compensate them for lost earnings in the transition to a low-carbon global economy, and destroying the world’s ability to counter their harmful activities , former top UN officials have warned.
Canary Media
JUNE 19, 2024
Buildings everywhere need to get off fossil fuels in order to help the world avoid climate catastrophe. Yet owners of large commercial buildings in New York City are especially feeling the pressure: The groundbreaking Local Law 97 takes effect this year, requiring buildings more than 25,000 square feet to meet…
DeSmogBlog
APRIL 12, 2024
The IEA, a free market group that has advocated for more fossil fuel extraction, received funding from BP for at least 50 years. Climate denial and investment in the fossil fuel industry go hand in hand”, said Carys Boughton of campaign group Fossil Free Parliament. “It Agnew and Edwards declined to comment.
The Verge: Energy
FEBRUARY 6, 2024
. | 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. Fossil fuels dropped to their lowest point since reliable record-keeping started in 1990, making up less than a third of EU’s electricity generation in 2023.
POWER Magazine
MAY 9, 2024
Circuit, calling for a review of the […] The post States, Trade Groups Sue EPA Over New Fossil Fuel Rules appeared first on POWER Magazine. More than two dozen states and a handful of trade groups filed separate lawsuits in the U.S. Court of Appeals for the D.C.
NRDC onEarth
APRIL 7, 2023
President Biden’s new budget proposes eliminating billions in taxpayer giveaways to fossil fuel companies.
The Guardian: Energy
MAY 12, 2024
Among world’s top 60 banks those in US are biggest fossil fuel financiers, while Barclays leads way in Europe The world’s big banks have handed nearly $7tn (£5.6tn) in funding to the fossil fuel industry since the Paris agreement to limit carbon emissions, according to research.
Smart Energy International
JUNE 7, 2024
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?
Renew Economy
JUNE 2, 2024
Major new study finds public support for renewables at risk without better communication about their ability to replace fossil fuels. The post Can renewables replace fossil fuels? Survey finds many Australians not convinced appeared first on RenewEconomy.
The Guardian: Energy
JUNE 20, 2024
Landmark judgment says planning bodies must account for burning of extracted fuel when considering site proposals The climate impact of burning coal, oil and gas must be taken into account when deciding whether to approve projects, the supreme court in London has ruled. Continue reading.
Renew Economy
DECEMBER 11, 2023
The world's petrol states and the fossil fuel lobby are steering the world towards climate catastrophe. The post Petro-states and fossil fuel lobby steer climate deal towards global catastrophe appeared first on RenewEconomy. And Australia's Coalition is cheering on from the sidelines.
POWER Magazine
APRIL 25, 2024
Environmental Protection Agency (EPA) on April 25 simultaneously finalized four major environmental rules covering greenhouse gases (GHG), air toxics, wastewater discharges, and coal combustion […] The post EPA Unleashes Four-Pronged Assault on Fossil Fuel Power Pollution appeared first on POWER Magazine.
The Guardian: Energy
APRIL 28, 2024
Levy on oil and gas majors in richest countries would help worst-affected nations tackle climate crisis, says report A new tax on fossil fuel companies based in the world’s richest countries could raise hundreds of billions of dollars to help the most vulnerable nations cope with the escalating climate crisis, according to a report.
Renew Economy
JUNE 12, 2024
The post Cattle among the trackers and all-electric cherries: The shift to solar and fossil fuel free farming appeared first on RenewEconomy. Farmers are going all electric and grazing cattle under solar arrays. It's an antidote to claims that renewables and agriculture cannot exist.
Renew Economy
APRIL 15, 2024
The post Japan “fossil fuel dinosaur” launches 20GW global renewables platform appeared first on RenewEconomy. Japan's largest coal and gas plant owner, which has been making moves into offshore wind – including in Australia – launches a renewables-only platform.
Renew Economy
JUNE 26, 2024
The post Solar giants produce more useful energy than Big Oil, and fossil fuel spending is going to waste appeared first on RenewEconomy. The world's biggest solar panel makers now produce vastly more useful energy than Big Oil.
Renew Economy
APRIL 17, 2024
Yet the fossil fuel companies tell us we can’t live without them. The post The world is in an abusive relationship with fossil fuels. The truth of climate change is in the record heat, the flooding, the choking smoke, the red sky burning. Now is the time to leave appeared first on RenewEconomy.
Science Daily: Renewable Energy
MAY 15, 2024
Instead of burning fossil fuels to smelt steel and cook cement, researchers in Switzerland want to use heat from the sun. The proof-of-concept study uses synthetic quartz to trap solar energy at temperatures over 1,000 C (1,832 F), demonstrating the method's potential role in providing clean energy for carbon-intensive industries.
Renew Economy
JANUARY 30, 2024
The post Greening grid muscles out fossil fuels, pushes down power prices appeared first on RenewEconomy. Record low coal and gas generation pushed wholesale electricity prices lower in the last quarter of 2023, as every region of the country notched up new solar output records.
DeSmogBlog
MARCH 27, 2024
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.
The Guardian: Energy
DECEMBER 6, 2023
In a live online event, Sultan Al Jaber had told Robinson there was “no science out there, or no scenario out there, that says that the phase-out of fossil fuel is what’s going to achieve 1.5C”, a view strongly rejected by many scientists.
Renew Economy
JANUARY 21, 2024
The post Kalgoorlie turns to renewables as fossil fuel backup fails after storms appeared first on RenewEconomy. City of Kalgoorlie-Boulder is looking to renewables as a solution after the failure of the gas turbines that were supposed to provide back up power to the mining region.
The Guardian: Energy
SEPTEMBER 26, 2023
In the push to zero carbon, Europe’s biggest lenders face growing pressure to limit their financial support for fossil fuel companies through direct loans and other financing facilities.
The Guardian: Energy
MARCH 20, 2024
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 (..)
The Guardian: Energy
NOVEMBER 29, 2023
Of more than 8 million deaths worldwide from outdoor air pollution, 61% linked to fossil fuels, finds study Air pollution from fossil fuel use is killing 5 million people worldwide every year, a death toll much higher than previously estimated, according to the largest study of its kind. Continue reading.
Renew Economy
MAY 8, 2024
The post Labor caves in to fossil fuel cartel as it locks in gas beyond 2050 amid deepening climate crisis appeared first on RenewEconomy. On the same day that scientists warned of a deepening climate catastrophe, Labor declares gas is good and announces a plan to "lock it in" beyond 2050.
Canary Media
FEBRUARY 16, 2024
Wind and solar made huge strides last year, producing more than one-quarter of the EU’s electricity for the first time, while fossil fuel generation plummeted. The cleanest sources of electricity could soon make up the largest share of electricity generation in the European Union. Power-sector emissions fell by a…
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