fossil fuels

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31 10 2021 | 20:01

Banks have financed almost $4 trillion for fossil projects since 2015

As executives from JPMorgan Chase & Co., Citigroup Inc., Deutsche Bank AG and other lenders prepare for the most important UN climate summit in six years, their companies continue to help provide…

27 10 2021 | 15:36

The Guardian view on climate secrets: leaked documents reveal rising stakes

Lobbying on behalf of fossil fuels should surprise no one. But the world must follow the science.

27 10 2021 | 14:36

China pledges 80% fossil fuel reduction use by 2060

China is targeting a clean energy goal of reducing fossil fuel use to below 20% by 2060, according to an official plan published by state media. The cabinet document, released on Sunday, follows a…

25 10 2021 | 15:15

No formal Cop26 role for big oil amid doubts over firms’ net zero plans

Officials from fossil fuel firms may attend fringe events but campaigners hail lack of official role Fossil fuel firms have been given no official role in the Cop26 climate summit, it can be…

25 10 2021 | 13:23

NGOs reveal 71 'revolving-door' cases at fossil-fuel giants

New research on Monday (25 October) revealed dozens of 'revolving-door' cases across some of the biggest oil and gas companies in the EU and their lobbying groups – triggering calls for stricter…

23 10 2021 | 09:47

Fossil fuel production is twice what the world needs to keep warming below 1.5°C

The news: Despite pledges to tackle the climate crisis, many countries are still planning to dramatically ramp up their production of oil, gas, and coal in the coming decades, according to a UN-…

23 10 2021 | 09:30

Banks using loopholes to dodge pledges to stop funding Arctic drilling

Some of the world’s largest banks, including Goldman Sachs Group Inc., HSBC Holdings and BNP Paribas SA pledged in recent years to stop direct financing of Arctic oil exploration. The idea was to…

23 10 2021 | 09:25

Ford Foundation to divest from coal, oil and natural gas

The Ford Foundation, one of the largest private foundations in the United States, announced Monday that it will divest millions from fossil fuels, following similar investment decisions made by other…

21 10 2021 | 10:37

Governments’ fossil fuel production plans dangerously out of sync with Paris limits

The 2021 Production Gap Report, by leading research institutes and the UN Environment Programme (UNEP), finds that despite increased climate ambitions and net-zero commitments, governments still plan…

21 10 2021 | 10:10

UK’s net zero plan falls short on ambition and funding, say critics

Government says strategy would create 440,000 jobs, but Treasury warns taxes may need to rise to fund changes. The UK government’s long-awaited strategy for reaching net zero emissions falls short…

11 10 2021 | 13:06

S&P Ratings: Use of natural gas as transition fuel to send prices soaring

More and more economies across the globe will use natural gas as a transition fuel on the way to lower-carbon renewable energy sources, putting upward pressure on Henry Hub gas prices for the next…

07 10 2021 | 09:46

Fossil fuel industry gets subsidies of $11m a minute, IMF finds

Trillions of dollars a year are ‘adding fuel to the fire’ of the climate crisis, experts say The fossil fuel industry benefits from subsidies of $11m every minute, according to analysis by the…

04 10 2021 | 13:33

‘Green growth’ doesn’t exist – less of everything is the only way to avert catastrophe

It is simply not possible to carry on at the current level of economic activity without destroying the environment

01 10 2021 | 12:04

EU lawmakers vote to prolong fossil fuel gas subsidies until 2027

Campaigners voice dismay after rule permitting gas pipelines where energy is mixed with hydrogen. European lawmakers have voted to prolong subsidies for fossil fuel gas until 2027, opening a…

28 09 2021 | 15:42

As fossil fuel prices skyrocket globally, renewables grow steadily cheaper

Stability of renewables an antidote to the volatility of gas and coal While volatile energy commodity prices have been sharply increasing globally, renewable technologies have been steadily…

24 09 2021 | 15:22

WHO slashes guideline limits on air pollution from fossil fuels

Level for the most damaging tiny particles is halved, reflecting new evidence of deadly harm The World Health Organization has cut its recommended limits for air pollution and urged nations to…

16 09 2021 | 12:48

Australia’s pro-climate companies urged to lobby government more

Strong lobbying by fossil fuel industries is drowning out the corporate voices that support climate action, analysts say Australian companies that say they support action to address the climate…

10 09 2021 | 15:22

Stranded assets pose $135 billion threat to European power by 2040

European power companies could be burdened with debt and face credit rating downgrades if they fail to take action to reach climate neutrality by the middle of the century, a new study says. The…

10 09 2021 | 14:59

Most fossil-fuel reserves must remain untapped to hit 1.5 °C warming goal

Modelling suggests that many planned coal, oil and gas extraction projects will not be viable if the world hopes to achieve climate targets.