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Global warming is projected to exceed 1.8°C, according to McKinsey report

Envirotec Magazine

The report projects a rapid shift in the global energy mix, with the share of renewables in global power generation expected to double in the next 15 years while total fossil fuel demand is projected to peak before 2030, depending on the scenario. C by 2100, and reaching a 1.5°C C pathway is increasingly challenging.

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Report: As Climate Crisis Expands, Canada Still Hands Billions to Fossil Fuel Industry

DeSmogBlog

Last year was one of the worst on record for climate change-related disasters, yet Canada’s federal government spent $18.6 billion supporting the fossil fuel and petrochemical industry. It is 10 times what the government has invested in climate change adaptation since 2015. The report also noted over $1.3

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More than 130 companies including Ikea, Volvo ask world leaders to ‘phase out’ fossil fuels

The Verge: Energy

. | 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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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.

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New Liz Truss Faction ‘Pops’ With Climate Science Denial and Fossil Fuel Ties

DeSmogBlog

The self-styled PopCons included politicians critical of climate policies and science, including Lord Frost, who is a director of the climate science denial Global Warming Policy Foundation , as well as Conservative MP Lee Anderson and Reform party president Nigel Farage. The policy was ditched by her successor Rishi Sunak.)

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The world came tantalizingly close to a deal to phase out fossil fuels

The Verge: Energy

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

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