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 Guardian: Energy
SEPTEMBER 10, 2024
Promise to ‘transition away from fossil fuels’ made at Cop28 climate talks has been left out of draft resolutions UK politics live – latest updates Business live – latest updates Campaigners have claimed some of the world’s largest economies are turning their backs on a pledge made last year to transition away from fossil fuels.
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DeSmogBlog
SEPTEMBER 10, 2024
The motion recommends that the Toronto Transit Commission, more commonly known as TTC, decline any new ads from the Pathways Alliance and Canada Action , two of Canada’s most prominent fossil fuel marketing organizations. Toronto City Councillor Dianne Saxe introduced the anti-greenwashing motion on Sept.
Renew Economy
JULY 31, 2024
Wind and solar energy generation in the EU overtook fossil fuels for the first time during the first six months of 2024, The post Wind and solar power overtake fossil fuels in Europe appeared first on RenewEconomy.
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.
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.
Renew Economy
SEPTEMBER 12, 2024
August 2024 becomes the first time fossil fuels (98.5% The post Wind powers a record summer for renewable energy in Britain, record low for fossil fuels appeared first on RenewEconomy. coal) fell to third place in the British electricity mix over an entire month.
The Guardian: Energy
AUGUST 11, 2024
The analysis, commissioned by the University of New South Wales’ Australian Human Rights Institute, found Australia was the third biggest fossil fuel exporter on an energy basis in 2021, trailing only Russia and the US. Coal and gas exports expected to remain roughly at current level until at least 2035 with 4.5% Continue reading.
Hydrogen Fuel News
AUGUST 17, 2024
In this way, it can be used to replace fossil fuels in some of the most polluting industries. Speaking of refilling, it’s also important to point out that the process of refilling an H2 tank is about equivalent to the time required to refill a typical gasoline or diesel tank for an equivalent fossil fuel-powered vehicle.
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.
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.
Renew Economy
AUGUST 13, 2024
Labor introduces Future Made in Australia bill, but Coalition says it will oppose it and the Greens want guarantees fossil fuels won't be funded. The post Coalition says no to Future Made in Australia bill as Greens question fossil fuel funding appeared first on RenewEconomy.
Canary Media
AUGUST 2, 2024
In a major milestone, the European Union generated more electricity from solar and wind than from fossil fuels in the first half of this year. A new report from think tank Ember shows that in the first six months of 2024, solar and wind rose to account for 30 percent of the region’s electricity generation, while…
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.
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
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
SEPTEMBER 5, 2024
Study’s authors say integrity of higher education ‘at risk’ upon finding lack of attention to role of oil and gas firms Fossil fuel companies’ funding of universities’ climate-focused efforts is delaying the green transition, according to the most extensive peer-reviewed study to date of the industry’s influence on academia.
Hydrogen Fuel News
SEPTEMBER 7, 2024
In fact, some predictions expect investing will into low-CO2 power be nearly twice that in fossil fuel Worldwide spending on clean energy infrastructure and tech is currently aligned to reach $2 trillion by the close of this year, even as new projects face challenges due to higher financing costs. ”
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.
The Guardian: Energy
SEPTEMBER 17, 2024
Thinktank says funding from oil and gas firms is attempt to ‘divert attention from their role in fuelling the climate crisis’ Fossil fuel companies pumped at least $5.6bn (£4.2bn) of sponsorship money into motorsports, football, golf and even snow sports in an effort to “buy social licence to operate”, according to a new report.
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.
The Guardian: Energy
JULY 29, 2024
Report finds 13 member states generated more energy from wind and solar power than coal and gas for first time in 2024 Wind turbines and solar panels have overtaken fossil fuels to generate 30% of the European Union’s electricity in the first half of the year, a report has found.
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.
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.
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.
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
Renew Economy
AUGUST 11, 2024
Australia’s global fossil fuel carbon footprint is three times larger than its domestic footprint. The post Australia is doubling down on fossil fuel exports, and helping to blow global carbon budgets appeared first on RenewEconomy. Around 80% of the damage is done overseas.
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 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.
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.
NRDC onEarth
APRIL 7, 2023
President Biden’s new budget proposes eliminating billions in taxpayer giveaways to fossil fuel companies.
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.
Renew Economy
AUGUST 25, 2024
The post Labor tossed out of government in Top End as CLP claims Beetaloo gas is “cleaner than fossil fuels” appeared first on RenewEconomy. It's not all bad news for renewables, but it's all good news for gas, as the Country Liberal Party wins government in the Northern Territory.
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…
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.
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.
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
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.
Energy Storage News
AUGUST 20, 2024
Illinois can address its resource adequacy shortfall by replacing the US state's retiring fossil fuel plants with 2,972MW of energy storage, and without significant transmission upgrades.
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.
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.
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 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.
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.
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