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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. 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.

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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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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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IEA’s World Energy Outlook 2023 Predicts Peak Fossil Fuel Demand

R-Squared Energy

Perhaps the most noteworthy prediction from the report is of peak demand for fossil fuels within this decade. However, it is important to note that coal is the only fossil fuel projected to decline over the next decade under the IEA’s Stated Policies Scenario. Transportation electrification also progresses quickly.

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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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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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A Global Database on Fossil Fuel Projects Goes Live

DeSmogBlog

A new database cataloging the world’s oil and gas reserves reveals extensive data on the global fossil fuel industry for the first time. The Global Registry of Fossil Fuels, launched by Carbon Tracker and Global Energy Monitor, is the first public and free-to-use database of fossil fuel production, reserves, and emissions.