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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.

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Biden administration doles out $7 billion for hydrogen hubs

The Verge: Energy

It’s part of President Joe Biden’s plan to transition the nation to clean energy, even though the environmental benefits of hydrogen still hinge on overhauling the way the fuel is traditionally made. Hydrogen combustion creates water vapor, unlike fossil fuels that release greenhouse gas emissions when burned.

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New Mexico Stuck With $8 billion in Cleanup for Oil Wells, Highlighting Dangers From Fossil Fuel Dependence

DeSmogBlog

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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SPACs offer new investment opportunities for energy industry

Renewable Energy World

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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Hoboken Lodges First State-Level Racketeering Charge in Big Oil Climate Lawsuit

DeSmogBlog

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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Just Transition Requires More Than Inflation Reduction

Front And Centered

This includes a 15% corporate minimum tax, a stock buyback tax, and a methane leakage tax. The law takes a flawed approach of subsidizing energy corporations as its main thrust instead of investing in energy justice for consumers. The Act also empowers the federal government to negotiate drug prices. Gaping Gaps.

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Updated climate commitments ahead of COP26 summit fall far short, but net zero pledges provide hope, says UNEP report

Envirotec Magazine

Eleven targets are enshrined in law, covering 12 per cent of global emissions. The potential of methane and market mechanisms. This year, it focuses on methane and market mechanisms. Methane emissions are the second largest contributor to global warming. A total of 49 countries plus the EU have pledged a net zero target.