fossil fuels

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01 03 2021 | 13:59

EXCLUSIVE (Reuters): European officials urge World Bank to exclude fossil-fuel investments.

In a letter, senior officials from Europe said the World Bank's management should expand its climate change strategy to end backing for coal, oil and most gas projects. WASHINGTON - Senior officials…

01 03 2021 | 13:51

‘Hidden cost’ of energy and transport could add up to $25 trillion, research estimates.

Exclusive: New global synthesis adds up the hidden social, environmental and health costs of our largely fossil fuel-based energy and transport systems. The “hidden cost” of our largely fossil fuel-…

01 03 2021 | 13:38

Local government pensions invest nearly £10bn in fossil fuels, data shows.

The three local authority pension funds with the largest investments in fossil fuels are Greater Manchester, Strathclyde and West Midlands. Nearly £10bn remains invested in fossil fuel companies…

01 03 2021 | 13:14

Chancellor urged to use upcoming Budget to stop banks from funding fossil fuels.

A petition signed by nearly 65,000 people calls on the Bank of England to ‘cut off the money pipeline’ for fossil fuels. Campaigners have called on the chancellor Rishi Sunak to use the upcoming …

18 02 2021 | 10:55

Ship Giant Maersk Bids Farewell to New, Fossil-Fuel Only Ships.

A century after the global shipping fleet ran largely on coal, the world’s largest shipping line is taking a historic step toward not using fossil fuels for propulsion.

12 02 2021 | 07:33

Ending fossil fuels now.

IEEFA: ExxonMobil 2020 results come as no surprise: still not covering dividends Spent $2.6 billion more cash on capital projects than it generated from operations This morning, ExxonMobil reported…

09 02 2021 | 13:13

Feeling the heat: Why EU climate targets depend on ditching fossil fuel boilers.

The European Union has set a target of increasing renewables in heating and cooling by 1.3% every year starting in 2021. Given the pervasiveness of gas heat, it may be a struggle. Why do home…

09 02 2021 | 13:07

Hiding fossil fuel subsidies under clean energy targets?

To safeguard climate targets’ integrity against greenwashing measures, transparent rules should be in place, write Vlasios Oikonomou and Haris Doukas. Vlasios Oikonomou is the managing director at…

09 02 2021 | 09:10

I changed my banking and super out of climate anxiety. Was it a smart financial decision?

One year ago Jessica Hamilton divested from fossil fuels. Here’s what she has learned since This time last year I changed my banking and superannuation, and I did it out of climate anxiety. Was it a…

01 02 2021 | 10:23

Three NYC Pension Funds to Divest $4 Billion From Fossil Fuels.

Three of New York City’s five public employee pension funds are divesting $4 billion from securities related to fossil-fuel companies. Pensions for teachers, school administrators and civil servants…

27 01 2021 | 09:49

Coalition granting fossil fuel companies up to $250,000 to attend industry events.

International mining conference among forums involving oil, coal and gas industries approved for subsidies in program touted as boosting events sector. The Morrison government is offering fossil…

26 01 2021 | 11:21

Scots university members of green COP26 network invest £5.2m in fossil fuels and arms.

Scots universities signed up to a COP26 green network of academic institutions committed to tackling climate change have shares worth nearly £5.2 million in fossil fuel firms and arms companies.

26 01 2021 | 09:56

EU Power Sector in 2020:Landmark moment as EU renewables overtake fossil fuels

Climate neutrality by 2050 means renewables growth will further accelerate Ember and Agora Energiewende’s fifth annual report tracking Europe’s electricity transition was published on 25th January…

23 01 2021 | 11:22

We are entering the greatest technological transition in history… and that will reshape geopolitics.

The transition currently underway from a fossil-fuel energy model to one based on renewables is surely the most important in our collective history.

20 01 2021 | 08:16

Shift to renewable energy eases key environmental burdens, EU says.

BRUSSELS (Reuters) - Europe’s shift from fossil fuel-based electricity to renewable sources has reduced environmental problems while also cutting the greenhouse gas emissions causing climate change,…

20 01 2021 | 08:06

McKinsey: Low Cost Renewables Will Outcompete Fossil Assets By 2030.

The energy transition is accelerating. 2020 saw renewables replace fossil fuels in Europe for the first time and one of the many impacts of COVID-19 has been on energy demand. According to the latest…

20 01 2021 | 08:01

EU sees carbon border levy as 'matter of survival' for industry.

BRUSSELS (Reuters) - The European Union’s proposed carbon border charge is essential to the survival of its own industries and the bloc will impose the levy on non-EU competitors unless they commit…

20 01 2021 | 07:49

Africa’s electricity generation will double by 2030, fossil fuel to be dominant – Research.

Fossil fuel is expected to dominate Africa’s energy mix by the end of the decade. A new research from the University of Oxford has predicted that the total electricity generation across the African…

15 01 2021 | 10:10

BlackRock holds $85bn in coal despite pledge to sell fossil fuel shares.

Loophole means asset manager can hold shares in firms earning less than a quarter of revenues from coal. BlackRock, the world’s largest asset manager, holds investments worth $85bn in coal companies…

15 01 2021 | 10:06

Climate change: Africa's green energy transition 'unlikely' this decade.

Fossil fuels are set to remain the dominant source of electricity across Africa over the next decade, according to a new study. Researchers found that around 2,500 power plants are planned, enough…