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

DeSmogBlog

billion supporting the fossil fuel and petrochemical industry. Taxpayer handouts to Canada’s wealthiest companies means that less money is available for the types of investments that could actually help people across the country who are deciding between food and energy bills,” she said.

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The European Investment Bank Has Quit Fossil Fuels. Now What?

GreenTechMedia

billion), the European Investment Bank is one of the sector’s biggest lenders. And for every euro the EIB puts into a project or business, around seven more are invested by the private sector. According to the International Energy Agency, global renewables investment in 2018 amounted to $300 billion. billion ($14.9

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Where Does the Natural Gas ‘Bridge’ End?

GreenTechMedia

ABU DHABI — The role of natural gas is one of the stickier points of debate related to the global energy transition, and that debate was on full display here this month. “I view natural gas and LNG as already part of the solution,” she said at the Atlantic Council's Global Energy Forum. power system.

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Most EU Hydrogen Projects Risk Prolonging Use of Fossil Fuels

DeSmogBlog

The European Commission is facing calls to assess the climate impact of scores of proposed hydrogen projects after data revealed that 90 percent of them could be used to prolong the use of planet-warming natural gas. Climate change is accelerating and droughts and floods are hitting our continent,” she said.

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California grant money going to diesel and natural gas vehicles, not EVs

Charged

However, many may be surprised to learn that a substantial amount of this grant money has been used to subsidize fossil fuel-burning vehicles, in preference to EVs, and to promote the consumption of natural gas. One of the agency’s biggest grant programs spent more than 90% of funds on diesel and natural gas incentives.

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Report details China’s complex energy landscape and its enormous green energy shift

Envirotec Magazine

It also looks at the persistence of fossil fuels in its energy mix. On the other hand, DNV forecasts fossil fuels will still account for 40% of its energy mix in 2050. On the other hand, DNV forecasts fossil fuels will still account for 40% of its energy mix in 2050. of the total electricity supply in 2023.

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Drax Cancels Plan to Build Europe’s Largest Natural Gas Power Plant

GreenTechMedia

gigawatt natural gas power plant in the U.K. have been shelved by the developer Drax, highlighting the challenging economics of converting coal-fired power to a cleaner, but still fossil-fuel-fired, alternative. Investment is flooding into offshore wind and European solar. Plans for a new 3.6-gigawatt