article thumbnail

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

DeSmogBlog

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.

article thumbnail

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

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Tortuous progress: Key takeaways from COP28

Envirotec Magazine

The headline commitment of COP28 was the pledge to transition away from fossil fuels. Many commentators also appeared to believe that the “UAE Consensus” – as the deal was dubbed – leaves plenty of scope to continue burning fossil fuels, while also being woefully short on the financial commitments required to realize its aims.

article thumbnail

Revealed: Two Thirds of Online Posts from Six Major European Fossil Fuel Companies ‘Greenwashing’

DeSmogBlog

Nearly two thirds of social media posts put out by six major European fossil fuel and energy companies since the end of 2019 present a “green” image of the company, despite the majority of their business activity remaining in fossil fuels, reveals new analysis by Desmog.

article thumbnail

New York City orders hundreds of Tesla Model 3s for municipal fleet

Charged

The current phase of the plan includes purchasing 300 EVs to replace fossil fuel-powered models. You can count on New York City to lead the way when it comes to finding sustainable climate solutions, fighting back against global warming, and building a greener future for the next generation,” said Mayor Bill de Blasio.

article thumbnail

'Climate security is energy security': Alok Sharma urges world to 'break dependency on fossil fuels'

Business Green

We see clearly the dangers of energy systems powered by foreign fossil fuels," Sharma said. "We In short, we see that climate security is energy security and that we must break our dependency on fossil fuels.". We see the benefits of low cost, homegrown renewables, the price of which cannot be manipulated from afar. "We

article thumbnail

How can farmers contribute to saving the earth?

The Environmental Blog

Agriculture and farming also affect global warming. The meaning of regenerative farming is that farmers can increase the health of the land where they sow the seeds. Farmers who work on irrigation efficiency can reduce fossil consumption and greenhouse gas emissions. Increase biodiversity and find methods to reduce costs.

Methane 351