Remove tags carbon-tax
article thumbnail

Analysis: Fossil Fuel Tax Programs to Cut Emissions Lead to Lots of Industry Profit, Little Climate Action

DeSmogBlog

Read time: 12 mins The fossil fuel industry and its investors have financially benefited from tax policies and subsidies designed to reduce the emissions from oil, gas, and coal — sometimes without taking the action required to tackle climate change.

article thumbnail

Delayed Senate Energy Bill Promotes LNG Exports, 'Clean Coal' and Geoengineering

DeSmogBlog

Read time: 7 mins The huge bipartisan energy bill currently stalled in the Senate would fast-track exports of fracked gas , offer over a billion dollars in subsidies to “clean coal” efforts and make available hundreds of millions in tax dollars for a geoengineering pilot project.

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

A Look at the Oil Industry’s Favorite Climate Solutions

DeSmogBlog

Tags: carbon capture natural gas carbon tax biofuels ExxonMobil (NYSE: XOM) Imperial Oil Covering Climate Now Another popular strategy for the industry is to push certain climate “solutions” — often with slick advertising campaigns — that sound good in theory but are not viable in practice.

Earth Day 116
article thumbnail

COP25: Polluting Companies Blamed for Slow Progress at UN Climate Talks

DeSmogBlog

Read time: 4 mins Big polluters are to blame for slow progress in the annual UN climate negotiations in Madrid, Spain, according to activists — with several companies sponsoring the talks in exchange for tax breaks. million tonnes of carbon dioxide emissions in 2018, and Endesa, which through its operations produced 61.9

article thumbnail

Oil Lobby’s Carbon Capture Solution Hasn’t Consulted Local Nation, Chief Says

DeSmogBlog

The leader of Cold Lake First Nations has revealed the initiator of a major carbon capture project in Northern Alberta has not consulted with local Indigenous communities. They’re ramming it down our throats,” said Chief Jacko during a media scrum outside a Carbon Capture Canada conference held on Tuesday.

Carbon 112
article thumbnail

The UK's net zero target is under threat because there's no plan to pay for it

Business Green

On 10 May, Scotland's minister for zero carbon buildings, Patrick Harvie MSP, called on the UK government to rethink its " woefully inadequate " plans to insulate homes and tackle fuel poverty - central elements of the UK government's net zero strategy, which would eliminate 20.8 Things aren't looking any better in Scotland.

article thumbnail

Honda to quit F1 to focus on transition to full electrification

Business Green

Honda has revved up its commitment to a carbon neutral future by announcing it will leave Formula 1 before 2022, citing the need to accelerate the auto industry's move away from the internal combustion engine (ICE). Move aligns with Honda's commitment to reaching full electrification across Europe by 2025. The sport currently uses 1.6