DeSmogBlog

FEBRUARY 28, 2023

French environmental organizations Notre Affaire à Tous, Friends of the Earth France, and Oxfam France last week filed what they say is the world’s first climate lawsuit against a commercial bank, suing BNP Paribas over its continued funding of fossil fuels. They also say that the financial sector more broadly is on notice.

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Fossil fuels Law Organic Pollution 92

DeSmogBlog

OCTOBER 18, 2021

Bank bosses due to attend a green investment summit tomorrow head institutions which have provided over £700 billion of financing for the fossil fuel industry since the 2015 Paris Agreement, including £129 billion in 2020 alone. . JPMorgan financed £230 billion in fossil fuels between 2016 and 2020.

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Fossil fuels Investment Pollution Global warming 98

GreenBiz

OCTOBER 13, 2020

Exhibit A: law firms. According to a new report from Law Students for Climate Accountability, most of the top 100 law firms in the United States "provide far more support to clients driving the climate crisis than clients addressing it." supported $1.316 trillion in transactions for the fossil fuel industry.

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Climate change Fossil fuels Law Carbon-negative 522

DeSmogBlog

JULY 27, 2023

DeSmog analysed examples of more than 100 influencers being paid to promote fossil fuel firms worldwide since 2017, from the US to Malaysia, in campaigns that have reached billions of people. While there’s more knowledge in general around climate change and the harms of fossil fuels, I think that people have a lot of trust in creators.

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Fossil fuels Carbon-neutral Pollution Carbon-negative 97

Business Green

AUGUST 23, 2022

Firms no longer permitted to promote petroleum and coal products and services in France under new climate law. Adverts promoting fossil fuel products and services have been banned in France, after a cornerstone of President Emmanuel Macron's green legislative agenda officially came into force yesterday.

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Fossil fuels Law Hydrogen Europe 101

DeSmogBlog

MAY 13, 2022

A newly published report by Fossil Free California finds California’s pension fund managers are circulating divestment “misinformation” by exaggerating the costs involved in shedding their fossil fuel investments in documents prepared for state lawmakers. The two pension funds have estimated holdings of $7.4

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Fossil fuels Investment Climate change Law 98

The Guardian: Energy

FEBRUARY 12, 2024

Investor-State Dispute Settlements are legal, huge and often hush-hush – and fossil fuel firms and others are using them to hold the planet to ransom How a US mining firm sued Mexico for billions – for trying to protect its own seabed What do you get if you cross the planet’s richest 1% , a global legal system adapted to their investment whims, and (..)

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Law Fossil fuels Government Investment 103

DeSmogBlog

OCTOBER 3, 2021

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.

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DeSmogBlog

MAY 8, 2024

Fossil fuel giants BP and Shell were given “ample opportunity” to privately influence proposals for taxing oil and gas companies that were later backed by the government, new documents reveal. The emails were among hundreds of documents released by a powerful committee of U.S.

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Carbon Fossil fuels Policy Law 145

DeSmogBlog

APRIL 20, 2021

Last year, it committed to selling its multimillion-pound investments in oil and gas companies, after years of student campaigning, and more recently it launched an ambitious Sustainability Strategy. There are signs Oxford University is slowly “getting it” when it comes to climate change. million in research grants and £3.7

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Fossil fuels Climate change Policy Ethics 98

Business Green

MAY 3, 2022

New report from Clean Creatives argues communications agencies could soon face legal action if they do not stop working with fossil fuel companies. Agencies have a clear choice: continue the dirty work of spreading lies on behalf of the fossil fuel industry or become a clean creative and help us save the climate.

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Fossil fuels Climate change Government Law 53

R-Squared Energy

JUNE 16, 2020

The fossil fuel industry has faced serious headwinds for several years, but the rise of renewables combined with the fall in consumption as a consequence of the global corona crisis is pushing it over the edge and into “terminal decline”. The fossil fuel industry has faced an oversupply problem, as well as a public relations problem.

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Fossil fuels Nuclear Power Carbon-negative Natural gas 60

DeSmogBlog

MAY 9, 2024

Ministers in charge of the UK’s climate policies met with fossil fuel companies and lobbyists over 100 times last year, four times as much as they did external climate scientists, campaigners, and charities, DeSmog can reveal. The tax raised £2.6 billion in its first year.

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Fossil fuels Climate change Policy Government 116

Business Green

MAY 19, 2020

Ambitious draft climate law would immediately ban new oil, gas and coal projects and end subsidies for fossil fuels. The draft law, which parliament must still approve, follows the Spanish government's declaration of a climate emergency earlier this year. per cent over the next decade.

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Law Government Fossil fuels Climate change 101

Business Green

MARCH 10, 2023

The text, which has been approved by ministers from all 27 EU nations , states that the bloc will "systematically promote and call for a global move towards energy systems free of unabated fossil fuels well ahead of 2050", alongside pushing for a peak in fossil fuel consumption in the near term.

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Fossil fuels Energy Monitor Building Energy Monitoring Business Energy Monitoring 36

DeSmogBlog

JUNE 9, 2021

Exxon is now putting Guyana at the heart of its plans to press on hunting for new fossil fuel supplies despite the climate crisis. In April, it estimated that the region holds roughly 9 billion recoverable oil-equivalent barrels of fossil fuels. The move was spearheaded by a small hedge fund called Engine No.

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Sea level rise Fossil fuels South America Climate change 98

DeSmogBlog

FEBRUARY 2, 2024

The Guardian and the Good Law Project also revealed today that EnQuest Heather, a subsidiary of EnQuest, had been awarded a new oil and gas licence. Jolyon Maugham, executive director of the Good Law Project told DeSmog that: “The Electoral Commission records these contributions as donations to the Conservative Party.

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Fossil fuels Policy Africa Law 143

DeSmogBlog

MAY 14, 2024

The UK register of lobbyists shows that since January, the influential CT Group has been representing the Legatum Institute , a think tank funded by the Dubai-based investment firm Legatum Group, which co-owns GB News. CT Group was founded by political consultant and lobbyist Lynton Crosby in 2002.

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Fossil fuels Politics Global warming Policy 107

DeSmogBlog

NOVEMBER 30, 2023

However, the UN’s climate science body has stated that global fossil fuel production and use must decline substantially, and that CCS is not a feasible justification to deepen reliance on these dirty fuels that are driving climate breakdown. Celsius or well-below 2°C – the targets established by the Paris Agreement.

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Fossil fuels Carbon Policy Climate change 111

DeSmogBlog

SEPTEMBER 27, 2023

Investor-state dispute settlement” (ISDS) mechanisms allow companies to sue national governments if they believe regulation or unfair competition is impeding their investments. The overwhelming majority of fossil fuel and mining ISDS claims are brought by investors from the global North against respondent States in the global South.”

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Fossil fuels Climate change Law Investment 122

DeSmogBlog

MAY 26, 2021

Inadequate bonding requirements means there is a serious gap in available funding to properly clean up after the fossil fuel industry. On top of the financial risks from abandoned wells, the fossil fuel industry brings numerous environmental and public health hazards as well. billion. “The Well pad near Roswell, NM.

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Fossil fuels Natural gas Education Health 98

DeSmogBlog

DECEMBER 12, 2023

As negotiations at the COP28 climate talks in the United Arab Emirates head into overtime, oil and gas interests are aiming to exclude a fossil fuel phase-out from any final deal by promoting carbon capture and storage (CCS) as a viable climate solution. “Every investment in CCS provides a lifeline to the fossil fuel industry.”

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Fossil fuels Carbon Natural gas Technology 96

DeSmogBlog

FEBRUARY 28, 2024

Chicago last week brought the newest lawsuit against Big Oil companies for spreading disinformation about the climate-warming hazards of burning fossil fuels — adding the third largest city in the U.S. to the growing list of state and local governments pushing for oil and gas majors to be held accountable in court.

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Fossil fuels Climate change Law Policy 121

Business Green

JUNE 7, 2021

Investment in clean energy from fossil fuel majors saw a marked uptick during the pandemic in 2020, research suggests. Well, there are a growing signs that some may be at least starting to quietly plot their future beyond fossil fuels. per cent of their total capital expenditure in 2020.

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Fossil fuels Demand Climate change Investment 45

DeSmogBlog

SEPTEMBER 30, 2021

They’ve got a guaranteed return on their investment.”. This project was never based on actual need,” Jennifer Danis, a senior fellow at the Sabin Center for Climate Change Law at Columbia University, said in an email to DeSmog. “[T]he “If several years out the pipeline is really not needed at all, you still have to pay for it.

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Fossil fuels Natural gas Construction Law 98

Energy Innovation

MARCH 29, 2024

Strategic investments in EV adoption by institutions that can afford to incur that risk is one pathway to improving the overall affordability of EVs in the long term. link] See [link] [link] The post Reducing The Risk Of Investing In Electric Vehicles For Low-Income Consumers appeared first on Energy Innovation: Policy and Technology.

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Electric vehicle Investment Electricity Carbon-negative 52

Business Green

MARCH 4, 2020

EU Commission President Ursula von der Leyen claims law will see net zero taken into account 'in all future policy and legislation'. A Europe-wide 'Climate Law' that would legally require all EU members to build net zero economies by 2050 has been unveiled today by the European Commission as the key pillar of its Green Deal vision.

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Law Policy Europe Carbon-neutral 86

DeSmogBlog

FEBRUARY 8, 2024

“This amounts to tactics of intimidation and bullying,” Natasha Lamb, chief investment officer of Massachusetts-based Arjuna Capital, said in a statement. Follow This and Arjuna Capital’s now-withdrawn resolution encouraged Exxon to put a plan in place to reduce the “Scope 3” emissions that arise from the use of its fossil fuel products.

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Fossil fuels Climate change Health Natural gas 113

GreenBiz

JUNE 23, 2020

We are presented with a rare opportunity to invest in new innovations, rebuild our data and power infrastructures and supply chains to restore and strengthen the economy while healing the environment. Even without those policies — they soon expire — renewables are more than competitive against fossil fuels.

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Incubators Incubators Resilience Innovation 483

Grist

MARCH 22, 2021

College students fighting to get their schools to stop investing in fossil fuels have stumbled on a new idea that could bring fresh attention to their cause: Those investments might be illegal. And our hope is that this sends a powerful signal to other institutions about what investments are acceptable.”.

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Fossil fuels Law Investment Sea level rise 144

GreenBiz

FEBRUARY 9, 2021

Slow-to-change investors and greenwashers in the business community will lose their cover to continue propping up the fossil fuel economy. Sustainable investments should grow as divestment from carbon-intensive industries intensifies. Finance & Investing. Pull Quote. Carbon Removal. Sponsored Article.

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Energy Monitor Carbon Building Energy Monitoring Business Energy Monitoring 479

DeSmogBlog

MARCH 19, 2024

Smith, a well-known climate change denier and fossil fuel sector advocater , nonetheless announced a series of new regulations critics say would ban wind turbines from much of the southern half of the province. Renewable energy is far less damaging to the environment and wildlife than fossil fuels,” said Luo.

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Agriculture Fossil fuels Climate change Wind power 90

Renewable Energy World

JULY 4, 2021

Frequently, these combinations occur at the same time as a private investment by institutional investors in the SPAC. As the recent experience at ExxonMobile has shown, investors are eager to invest in, and accelerate the migration toward, energy production that does not rely on fossil fuels. SPAC” transaction.

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Investment Energy Energy Fossil fuels 68

Business Green

MARCH 29, 2023

The regulation, which will come into force in 20 days' time, strengthens the interim 2030 emissions reduction target automakers in the EU have to meet, as well as enshrines the 2035 phase-out date into law. Stick to the 2035 date, and no concessions for e-fuels. Our asks are simple.

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Fossil fuels Carbon-neutral Packaging Electric vehicle 41

DeSmogBlog

MAY 25, 2023

Hoboken is making this claim against fossil fuel companies under the state-level equivalent of the Racketeer Influenced and Corrupt Organizations (RICO) Act, a federal law used successfully to prosecute organized crime groups such as the Mafia starting in the 1970s and later the tobacco industry. Credit: U.S.

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Fossil fuels Global warming Climate change Law 98

DeSmogBlog

FEBRUARY 15, 2024

The Climate Change Committee, the independent body that advises the government on its net zero policies, warned on 30 January that mixed messages, including new fossil fuel projects, have damaged the UK’s international climate standing. million in donations from fossil fuel interests and climate science deniers in 2022.

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Global warming Climate change Fossil fuels Policy 145

DeSmogBlog

JULY 27, 2023

To top it all off, the claim in the tagline promotes the perception that ExxonMobil, and fossil fuel companies more generally, are “part of the solution.” This is what experts refer to as a prime example of corporate greenwashing. Corporate greenwashing is not only effective, it’s also increasing. That’s how PR strategies work.”

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Pollution Fossil fuels Law Carbon-negative 93