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.'
Fossil fuels Related Topics 
World’s biggest economies pumping billions into fossil fuels in poor nations
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.
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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization
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Prospective GB News Board Member is Fossil Fuel Investor
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.
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Ten EU countries commit to stop burning fossil fuels by 2035
Renew Economy
MARCH 6, 2024
New analysis shows 10 EU countries representing more than 60% of the bloc’s electricity generation capacity have committed to exit fossil fuel generation by 2035 or sooner. The post Ten EU countries commit to stop burning fossil fuels by 2035 appeared first on RenewEconomy.
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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.
Just 57 producers account for 80% of all fossil fuel and cement emissions since 2016
Renew Economy
APRIL 6, 2024
Report finds just 57 companies and nation states responsible for generating 80% of the world’s fossil and cement emissions over past seven years. The post Just 57 producers account for 80% of all fossil fuel and cement emissions since 2016 appeared first on RenewEconomy.
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Record number of fossil fuel lobbyists get access to Cop28 climate talks
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.
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Fossil fuels are losing ground to renewable energy in Europe
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.
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Global carbon emissions from fossil fuels to hit record high
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.
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Greening grid muscles out fossil fuels, pushes down power prices
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.
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Fossil fuel lobbyists have deep pockets and access to politicians, but a ban could be in the pipeline
Renew Economy
FEBRUARY 14, 2024
The European Parliament is examining what lessons can be learned from restrictions on tobacco lobbyists to protect the environment from continued use of fossil fuels. The post Fossil fuel lobbyists have deep pockets and access to politicians, but a ban could be in the pipeline appeared first on RenewEconomy.
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Petro-states and fossil fuel lobby steer climate deal towards global catastrophe
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.
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World’s top fossil-fuel bosses deride efforts to move away from oil and gas
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 (..)
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Kalgoorlie turns to renewables as fossil fuel backup fails after storms
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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Millions in fossil fuel money rained on major political parties last year
Renew Economy
JANUARY 31, 2024
The post Millions in fossil fuel money rained on major political parties last year appeared first on RenewEconomy. Santos, Woodside, Adani and Gina Rinehart feature among donors to major political parties in 2023.
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Report: As Climate Crisis Expands, Canada Still Hands Billions to Fossil Fuel Industry
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.
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Chart: Wind and solar are closing in on fossil fuels in the EU
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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Why we need a fossil fuel non proliferation treaty
Renew Economy
NOVEMBER 27, 2023
The post Why we need a fossil fuel non proliferation treaty appeared first on RenewEconomy. The Australian government has mastered the contradictory dance of committing to net zero while also approving new coal, oil and gas projects. It has to stop.
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Japan “fossil fuel dinosaur” launches 20GW global renewables platform
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.
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Congress Should Follow Biden’s Lead on Fossil Fuel Subsidies
NRDC onEarth
APRIL 7, 2023
President Biden’s new budget proposes eliminating billions in taxpayer giveaways to fossil fuel companies.
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Spender calls for “People Power Plan” to get consumers out of fossil fuel trap
Renew Economy
MARCH 5, 2024
Allegra Spender calls for "People Power Plan" that will get households out of the fossil fuel trap with home electrification and rooftop solar. The post Spender calls for “People Power Plan” to get consumers out of fossil fuel trap appeared first on RenewEconomy.
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It is now cheaper to run a fully electric home and EV in NZ than to use fossil fuels
Renew Economy
MARCH 18, 2024
New Zealand is one of the first countries in the world to reach an electrification tipping point, as high petrol and high gas costs make electric homes and EVs more affordable than fossil fuelled alternatives. The post It is now cheaper to run a fully electric home and EV in NZ than to use fossil fuels appeared first on RenewEconomy.
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Australia in the dark on its own fossil fuel emissions, says Superpower Institute
Renew Economy
NOVEMBER 27, 2023
SuperPower Institute says Australia has little idea of the extent of its fossil fuel emissions and wants to create a state-of-the-art data network. The post Australia in the dark on its own fossil fuel emissions, says Superpower Institute appeared first on RenewEconomy.
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Air pollution from fossil fuels ‘kills 5 million people a year’
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.
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Cop28 landmark deal agreed to ‘transition away’ from fossil fuels
The Guardian: Energy
DECEMBER 12, 2023
Summit president hails ‘historic package to accelerate climate action’, but critics decry ‘litany of loopholes’ in final text Cop28 live – latest updates The Cop28 climate summit has approved a deal that its supporters said would, for the first time, push nations to move away from fossil fuels to avert the worst effects of climate change.
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Fossil fuel giants play home ground advantage as climate COP despairs about 1.5°C
Renew Economy
DECEMBER 3, 2023
COP host says abandoning fossil fuels will send us back to caves, Exxon flies in to boost CCS, NZ does a back flip on oil and gas exploration, and Forrest's green ammonia push blocked at the port. The post Fossil fuel giants play home ground advantage as climate COP despairs about 1.5°C
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Failure of Cop28 on fossil fuel phase-out is ‘devastating’, say scientists
The Guardian: Energy
DECEMBER 14, 2023
Climate experts say lack of unambiguous statement is ‘tragedy for the planet and our future’ The failure of Cop28 to call for a phase-out of fossil fuels is “devastating” and “dangerous” given the urgent need for action to tackle the climate crisis, scientists have said. Continue reading.
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Solar costs are now nearly 30 per cent lower than cheapest fossil fuel option, EY says
Renew Economy
DECEMBER 11, 2023
EY says solar PV remains cheapest source of new-build electricity, with a global weighted average levelised cost of electricity 29% lower than the cheapest fossil fuel alternative. The post Solar costs are now nearly 30 per cent lower than cheapest fossil fuel option, EY says appeared first on RenewEconomy.
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How Australia’s largest fossil fuel subsidy could decarbonise mining
Renew Economy
SEPTEMBER 10, 2023
New modelling shows fuel tax credits paid to the mining sector will cost the economy a cumulative $37bn out to 2030. The post How Australia’s largest fossil fuel subsidy could decarbonise mining appeared first on RenewEconomy. This money should be reinvested in decarbonisation.
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Europe’s banks helped fossil fuel firms raise more than €1tn from global bond markets
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.
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The world came tantalizingly close to a deal to phase out fossil fuels
The Verge: Energy
DECEMBER 12, 2023
The beginning of the end for fossil fuels? This text is a step forward on our path towards phasing out fossil fuels, but is not the historic decision we hoped for.” More than 100 countries came to the table pushing for an official agreement to “phase out fossil fuels.”
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GB News Owner’s Hedge Fund Has $2.2 Billion Fossil Fuel Investments
DeSmogBlog
OCTOBER 30, 2023
billion) in fossil fuel firms. This includes companies that specialise in extracting, refining, transporting and distributing fossil fuels. million) shareholding in the oil and gas supermajor Chevron, as well as stakes in Shell, Equinor, and 109 other fossil fuel companies. billion (£1.8
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EU fossil fuel CO2 emissions hit 60-year low
The Guardian: Energy
JANUARY 24, 2024
Fossil emissions ‘finally back to 1960s levels’, say analysts, but they warn levels are still falling too slowly The European Union pumped out 8% less carbon dioxide from the fossil fuels it burned in 2023 than it did in 2022, the Guardian can reveal, pushing these emissions down to their lowest level in 60 years.
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Fossil fuel firms must plug methane leaks to meet climate targets, warns watchdog
The Guardian: Energy
MARCH 12, 2024
Spending to clean up their operations would be equivalent to only 5% of profits made last year, IEA estimates Fossil fuel companies must pay tens of billions to reduce the emissions of methane from their operations or it will be almost impossible to meet global climate targets, the world’s energy watchdog has warned.
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Solar ducks and big batteries: How Alice Springs grid could run five hours a day with no fossil fuels
Renew Economy
MARCH 27, 2024
Even the fossil fuel generator owners are on board. The post Solar ducks and big batteries: How Alice Springs grid could run five hours a day with no fossil fuels appeared first on RenewEconomy. Alice Springs may be able to run on 100 pct renewables for an average five hours a day.
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How to get people to kick fossil fuels out of their homes
Canary Media
JANUARY 8, 2024
That entails households making the switch from fossil-fueled cars and appliances to electric vehicles, heat-pump AC/heaters , heat-pump water heaters and electric stoves , with some even opting for their own clean energy sources — solar panels and… To cool the planet, homes will need clean energy makeovers.
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UK quits treaty that lets fossil fuel firms sue governments over climate policies
The Guardian: Energy
FEBRUARY 22, 2024
Britain joins France, Germany, Spain and the Netherlands in withdrawing from charter it says ‘penalises’ shift to net zero The UK is pulling out of a treaty that lets fossil fuel firms sue governments over their climate policies.
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Mary Robinson reiterates call for rapid phase-out of fossil fuels
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.
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More than 130 companies including Ikea, Volvo ask world leaders to ‘phase out’ fossil fuels
The Verge: Energy
OCTOBER 23, 2023
. | Photographer: Krisztian Bocsi / Bloomberg via Getty Images More than 130 companies, including Volvo Cars, Ikea, Unilever, Nestlé, and AstraZeneca, signed a letter calling on governments to adopt a global plan to phase out fossil fuels without carbon capture during upcoming international climate negotiations.
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A final blow to fossil fuels? Environment embedded in grid rules
Renew Economy
SEPTEMBER 21, 2023
The post A final blow to fossil fuels? AEMC sets in motion one of the most important reforms to the Australian energy market in decades, factoring emissions reduction into rule making and decision making. Environment embedded in grid rules appeared first on RenewEconomy.
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New York private college to shift from fossil fuel heating to geothermal
ThinkGeoEnergy
FEBRUARY 27, 2024
Bard College , a private liberal arts college in the hamlet of Annandale-on-Hudson, New York State, will soon replace its aging, fossil fuel-fired heating and cooling system located in The Charles P. Stevenson, Jr Library with a new state-of-the-art system that will run on geothermal energy.
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Cop28 squibs on fossil fuel phase out, but calls on quick transition
Renew Economy
DECEMBER 12, 2023
Latest COP28 text squibs on phase out of fossil fuels, mentioning only "unabated" coal but falling short on gas and oil as the petrol-states hold court. The post Cop28 squibs on fossil fuel phase out, but calls on quick transition appeared first on RenewEconomy.
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David Pocock condemns Australia’s fossil fuel projects as an ‘existential threat’ to Pacific neighbours
The Guardian: Energy
JANUARY 28, 2024
In a new podcast to be released on Monday, the ACT senator has also described the “really sobering” experiencing of entering parliament and “seeing the influence of the fossil fuel industry” up close. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading.
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The world is reducing its reliance on fossil fuels – except for in three key sectors
The Guardian: Energy
FEBRUARY 9, 2024
Record levels of investment in clean energy (solar has been called the cheapest source of electricity in history by the International Energy Agency) and a decline in coal-powered generation means less and less of the world’s power will come from fossil fuels between now and 2050, the analysis from Rhodium shows. Continue reading.
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