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The fossil fuel era is waning. Here’s what investors need to know

GreenBiz

What corporate climate action says about the fossil fuel industry’s 'terminal decline.'

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Australian fossil fuel producer subsidies jump 31 pct to $14.5 billion

Renew Economy

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.

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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 fuel firms forcing countries to compensate them, Mary Robinson says

The Guardian: Energy

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.

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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

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.

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Banks have given almost $7tn to fossil fuel firms since Paris deal, report reveals

The Guardian: Energy

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.

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Japan “fossil fuel dinosaur” launches 20GW global renewables platform

Renew Economy

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.