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.... These could include standards for companies to disclose their exposure to risks from climate change, which some companies already attempt. As a result, although the taskforce may provide guidelines for investors wishing to ensure they put their money in greener stocks, it is unlikely to have much effect on the behaviour of core fossil fuel companies, or those companies that prefer to stay invested in the fossil fuel economy. ... [Read full article on Guardian ]
Monday 18th of September 2017 05:28:07 PM
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.... The company says the biomass units provide a reliable form of renewable electricity but critics have said their carbon dioxide savings do not stack up. With Theresa May reiterating this week that the UK will phase out coal power by 2025, the company knows its must continue to switch away from the fossil fuel. ... [Read full article on Guardian ]
Thursday 21st of September 2017 02:08:17 PM
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Latest Finance News related to Fossil Fuel

Drax boss Dorothy Thompson to step down after 12 years image
Source : Guardian [Read Article] Thursday 21st of September 2017 02:08:17 PM
.... The company says the biomass units provide a reliable form of renewable electricity but critics have said their carbon dioxide savings do not stack up. With Theresa May reiterating this week that the UK will phase out coal power by 2025, the company knows its must continue to switch away from the fossil fuel. ...
Ministers launch group to help boost green business investment image
Source : Guardian [Read Article] Monday 18th of September 2017 05:28:07 PM
.... These could include standards for companies to disclose their exposure to risks from climate change, which some companies already attempt. As a result, although the taskforce may provide guidelines for investors wishing to ensure they put their money in greener stocks, it is unlikely to have much effect on the behaviour of core fossil fuel companies, or those companies that prefer to stay invested in the fossil fuel economy. ...
California’s big battery experiment: a turning point for energy storage? image
Source : Guardian [Read Article] Friday 15th of September 2017 06:00:02 AM
....Traditional grid solutions didn’t make sense. Gas peaker plants – which can be turned on quickly to meet demand – can take years to gain permission and be built, and they burn fossil fuels. ...
Nuclear plans 'should be rethought after fall in offshore windfarm costs' image
Source : Guardian [Read Article] Monday 11th of September 2017 06:55:21 AM
....”. Green Alliance, a politically centre-ground thinktank, said the nuclear industry had to cut its costs or face the fate of carbon capture and storage (CCS) for fossil fuel plants, a technology that ministers previously supported but ditched in 2015. ...
China to ban production of petrol and diesel cars 'in the near future' image
Source : Guardian [Read Article] Monday 11th of September 2017 04:52:23 AM
. China, the world’s biggest vehicle market, is considering a ban on the production and sale of fossil fuel cars in a major boost to the production of electric vehicles as Beijing seeks to ease pollution. ...
Harvey spells it out: markets alone won't protect you | Joseph Stiglitz image
Source : Guardian [Read Article] Friday 8th of September 2017 09:58:59 AM
.... But the storm that pummelled the Texas coast for the better part of a week also raises deep questions about the United States’ economic system and politics. It is ironic, of course, that an event so related to climate change would occur in a state that is home to so many climate-change deniers – and where the economy depends so heavily on the fossil fuels that drive global warming. ...
Proper carbon tax could wipe billions from polluters' profits image
Source : Guardian [Read Article] Monday 4th of September 2017 06:01:05 AM
....In a stark warning to investors to back more sustainable companies, the fund management group said total earnings of 12,500 global companies could fall by 20% were the world to limit itself to the 2C temperature rise target agreed in Paris through higher taxes. Schroders found prices in emissions trading would need to rise to “well over” $100 a tonne of CO2e from current levels, about $5, to encourage the move away from fossil fuels on the scale that was needed. ...
Jet and lorry fuels made from rubbish to receive UK funding image
Source : Guardian [Read Article] Monday 28th of August 2017 06:18:18 AM
.... The government has identified poor air quality as the biggest environmental risk to public health in Britain. DfT data show that aircraft and lorries powered by waste fuels could use up to 90% less carbon than if they were powered by traditional fossil fuels. ...
Exxon deliberately misled public on climate science, say researchers image
Source : Guardian [Read Article] Thursday 24th of August 2017 02:04:29 AM
....At the same time a similar proportion of hundreds of paid editorials in major US newspapers over the same period cast deep doubt on these widely accepted facts. The study also cites ExxonMobil calculations that capping global warming at under 2C – the goal enshrined in the landmark Paris climate accord – would impose sharp limits on the amount of fossil fuels that could be burned, and thus potentially affect the firm’s growth. ...
Rise of electric car solves little if driven by fossil fuels, warns windfarm boss image
. The rise of electric cars will be a pyrrhic victory for the environment if they are powered by fossil fuels instead of renewables, according to the UK boss of the world’s biggest offshore windfarm developer. ...
Petrol and diesel ban: Can we afford the electric car revolution? image
Source : Daily Express [Read Article] Wednesday 2nd of August 2017 12:01:00 AM
. Ministers plan to ban fossil fuel cars from 2040 and growing numbers of motorists are buying electric and hybrid vehicles, attracted by tax savings, grants and cheaper fuel. ...
Price cap still possible, government warns energy companies image
Source : Guardian [Read Article] Tuesday 1st of August 2017 07:19:42 PM
....However, ministers may face increasing belligerence from energy giants. On Tuesday Centrica’s chief executive, Iain Conn, blamed the government for the rise, saying the department should be “more open” about how its policies, such as a switch away from fossil fuels, were affecting prices. ...
Household batteries will be key to UK's new energy strategy image
Source : Guardian [Read Article] Monday 24th of July 2017 01:16:43 PM
....As the government unveiled plans for a more flexible energy system and £246m of funding for battery research, Greg Clark told the Guardian that a smarter grid would “radically” bring down bills. “Energy, for the last 100 years, for good reasons, we’ve rationed the consumption of [because] it’s been very expensive and environmentally-damaging to consume fossil fuels. ...
The coal truth: how a major energy source lost its power in Britain image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:16:25 PM
....Pollution laws and carbon taxes have forced large, ageing plants to close in the past five years, with three major ones closing in 2016 alone. None have ceased operation this year but coal supplies so little power today that in April the National Grid reported the UK had gone the first day without the fossil fuel since Thomas Edison opened the country’s first coal power station at Holborn, London, in 1882. ...
Drax looking at 'coal-free future' as it reveals £83m pre-tax loss image
Source : Guardian [Read Article] Wednesday 19th of July 2017 09:33:16 AM
....Drax Group, which runs a coal and biomass plant in North Yorkshire, boosted its earnings to £121m from £70m last year, due to its acquisition of the business energy supplier Opus Energy. However, the power group made a pre-tax loss compared with the £184m profit in the first half of 2016, because of depreciation of its coal assets after the government set a target of phasing out use of the fossil fuel for power generation by 2025 and a £65m loss from currency hedging. ...
US 'will become one of the world's top gas exporters by 2020' image
Source : Guardian [Read Article] Thursday 13th of July 2017 07:00:01 AM
....The American shale gas revolution will enjoy a second wind as rapid growth in domestic production sees the US join the world’s club of top gas exporters, a leading energy authority has predicted. Fracking has already opened up US shale oil and gas deposits, leading to a fall in gas prices and a drop in greenhouse gas emissions as power generation switches from coal to gas, as well as reducing America’s historical reliance on fossil fuel imports. ...
Is a car maker about to save the planet? | Zoe Williams image
Source : Guardian [Read Article] Monday 10th of July 2017 05:00:05 AM
....“I think a lot about electric cars,” Tesla CEO Elon Musk famously said at a party at the very end of the 80s. “Do you think a lot about electric cars?” The problem with thinking a lot about electric cars is that certain things become impossible to unthink: powering a car with fossil fuels, meeting 21st-century challenges with 19th-century answers, become more than irresponsible. ...
Volvo signals carmakers' growing confidence in an electric future image
Source : Guardian [Read Article] Wednesday 5th of July 2017 05:31:24 PM
. Volvo’s decision to exclusively build electrified or hybrid cars is the beginning of the end of the company’s relationship with fossil fuels, according to one motoring organisation. ...
All Volvo cars to be electric or hybrid from 2019 image
Source : Guardian [Read Article] Wednesday 5th of July 2017 09:25:25 AM
....“Volvo has recognised the huge gains to be made by leading the way in electric. We know electric vehicles are the future, and it’s not a case of if, but when, old-style cars powered by climate-wrecking fossil fuels will be a thing of the past,” said Paul Morozzo, a campaigner at the environmental group. ...
Exxon, BP and Shell back carbon tax proposal to curb emissions image
Source : Guardian [Read Article] Tuesday 20th of June 2017 04:32:21 PM
....The companies have revealed their support for the Climate Leadership Council, a group of senior Republican figures that in February proposed a $40 fee on each ton of CO2 emitted as part of a “free-market, limited government” response to climate change. The fossil fuel companies announced their backing for the plan alongside other major firms including Unilever, PepsiCo, General Motors and Johnson & Johnson. ...
Record levels of green energy in UK create strange new world for generators image
.... A new scheme will pay conventional power station owners £378m in subsidies this winter to be on standby and ensure the lights stay on. The other is the payments from National Grid to fossil fuel plants for services that are vital to national power supply, such as “blackstart” – the ability to restart the nation’s power grid in the event of a catastrophic, widespread loss of energy supplies. ...
Global demand for coal falls in 2016 for second year in a row image
Source : Guardian [Read Article] Tuesday 13th of June 2017 01:50:27 PM
. Global demand for coal has fallen for the second consecutive year, according to a BP study, helped by the US and China burning less of the dirtiest fossil fuel. ...
Naomi Klein: ‘Trump is an idiot, but don’t underestimate how good he is at that’ image
.... She has created Leap with her husband, Avi Lewis, a documentary film-maker, in conjunction with various activist groups – “heads of labour federations and unions, directors of major green groups, iconic indigenous and feminist leaders, key organisers and theorists focused on migrant rights, open technology, food justice, housing, faith, and more…” from across Canada and beyond. The ideas are an extension of the theme of her last book, This Changes Everything, which argued that a new progressive politics had to be built around a radical and sustainable green tech revolution, and an outright rejection of fossil fuels. ...
Climate clash image
Source : BBC [Read Article] Thursday 1st of June 2017 09:37:48 AM
....Meanwhile Google's chief executive Sundar Pichai said he was "disappointed" and that his firm would "keep working hard for a cleaner, more prosperous future for all". Even energy firms, whose businesses have depended heavily on oil and fossil fuels, have long been looking to the future, pouring hundreds of billions of dollars into researching and developing more sustainable, clean sources of energy. ...
Shareholders force ExxonMobil to come clean on cost of climate change image
Source : Guardian [Read Article] Wednesday 31st of May 2017 05:28:57 PM
....Board member Ursula Burns, former CEO of Xerox, signed the Obama administration’s climate pledge, and fellow board member Kenneth Frazier chairs Merck, a pharmaceutical company that supports “national and international action to address the challenges presented by climate change”, said Mason. He pointed out that another board member, Susan Avery, former president of the Woods Hole Oceanographic Institution, had told the Financial Times: “Clearly climate science is telling us get off fossil fuels as much as possible. ...
Exxon shareholders back 'historic' vote on climate image
Source : BBC [Read Article] Wednesday 31st of May 2017 05:26:43 PM
....". While the motion is non-binding observers say there will be increased pressure on the company to report on the impacts of climate change and the restrictions on fossil fuels being considered as part of the Paris climate agreement. ...
Sky-high carbon tax needed to avoid climate catastrophe, say experts image
....Critics accuse officials of issuing too many credits and allowing the price to fall to a level that makes it cheaper for companies to pollute than change their behaviour. Stiglitz and Stern said prices should rise to $50-$100 by 2030 to give businesses and governments an incentive to lower emissions even when fossil fuels are cheap. ...
Ineos buys Dong Energy's oil and gas business in £1bn deal image
Source : Guardian [Read Article] Wednesday 24th of May 2017 04:16:05 PM
....The acquisition is the latest in a buying spree by Ineos, which recently bought a significant North Sea oil pipeline for £200m from BP, and takes it from 28th biggest oil and gas producer in the region to the top 10. The move highlights two sharply contrasting strategies for Europe’s energy companies: a doubling-down on fossil fuels or shifting exclusively to focus on clean energy. ...
Top UK fund manager divests from fossil fuels image
Source : Guardian [Read Article] Monday 15th of May 2017 05:01:36 AM
. One of Britain’s biggest managers of ethical funds is to dump £20m of shares in fossil fuel companies in one of the biggest divestments so far because of climate change. ...
E.On profits hit by UK customer woes image
Source : BBC [Read Article] Tuesday 9th of May 2017 10:10:26 AM
....On reported a record €16bn (£13. 9bn) full-year loss for 2016, mainly reflecting its move away from generating electricity from fossil fuels and a greater focus on renewable energy. ...
Sun trap image
Source : BBC [Read Article] Monday 8th of May 2017 11:07:44 PM
....India unveiled the world's biggest solar farm earlier this year and has quadrupled its solar capacity in the last three years, bringing electricity to millions of off-grid households. But what are the innovations that could see solar replacing fossil fuels completely?. ...
As wind, wave and shale power converge, could this be the end for Opec? image
....However, Helm is bullish on the US. Donald Trump is a “very lucky president in energy terms”, because Barack Obama was “the fossil fuel president” who oversaw a huge increase in oil and gas production and set the country on course to energy independence. ...
Is Triodos the ethical bank that could replace the Co-op? image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
.... “We want people to really think about what their bank is doing with their money. Money doesn’t have to be invested in the arms trade, fossil fuels and tobacco – it can be used to do good things that help build the society we want to live in,” says the bank. ...
TfL to spend £18m on preparing London for new electric black cabs image
Source : Guardian [Read Article] Wednesday 26th of April 2017 04:24:18 PM
.... While some of the sites will be exclusively for black cabs, the network will also be open to the increasing number of owners of Teslas, Nissan Leafs and electric BMWs in London. Ben Plowden, TfL’s director of surface strategy and planning, said: “An extensive, rapid charging network is fundamental in helping drivers make the shift from fossil fuels to electric. ...
Most global investors recognise financial risk of climate change, report finds image
....Hewson also praised the Australian Prudential Regulation Authority for warning in March that individual directors may be financially accountable for failing to factor in losses from climate change, commenting “that’s shaken them up a lot”. Three of Australia’s big four banks are currently reviewing their exposure to fossil fuels, including their lending practices to households and farmers, in response to climate change. ...
Tory windfarm policy endangers cheap energy in UK, commission finds image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:19:44 AM
.... The analysis predicted that by 2040, wind and solar would account for 45% of the global power mix, with hydro and nuclear making up another 35%. “We’re basically saying by 2040, you can get the share of fossil fuel generation down to 20%, and that is quite ambitious,” said Turner. ...
Disney, the Gap and Pepsi urged to quit US Chamber of Commerce image
Source : Guardian [Read Article] Monday 24th of April 2017 11:00:17 AM
....“Unfortunately, the US Chamber of Commerce is doing everything it can to block efforts to combat both climate change and anti-smoking laws and regulations. It opposes the Paris Agreement that you publicly support, is suing to block the implementation of the Clean Power Plan, consistently lobbies against legislation aimed at reducing greenhouse gas emissions, and spends millions of dollars in money on elections ads urging voters to back candidates who support the fossil fuel industry and oppose efforts to combat climate change,” they write. ...
First coal-free day in Britain since Industrial Revolution image
Source : BBC [Read Article] Saturday 22nd of April 2017 12:44:26 AM
.... Lower power demand is a factor too - that's normal on a Friday. And as older, uneconomic coal fired plants have closed in recent years, the fossil fuel has been playing a much smaller role in our energy system. ...
UK set for first full day without coal power image
Source : BBC [Read Article] Friday 21st of April 2017 03:45:43 PM
.... Lower power demand is a factor too - that's normal on a Friday. And as older, uneconomic coal fired plants have closed in recent years, the fossil fuel has been playing a much smaller role in our energy system. ...
Britain set for first coal-free day since the industrial revolution image
Source : Guardian [Read Article] Friday 21st of April 2017 11:11:37 AM
....Coal has seen significant declines in recent years, accounting for just 9% of electricity generation in 2016, down from around 23% the year before, as coal plants closed or switched to burning biomass such as wood pellets. Britain’s last power station will be forced to close in 2025, as part of a government plan to phase out the fossil fuel to meet its climate change commitments. ...
'See you in court': activists ready for Trump to relax smog and drilling rules image
....Such moves, which would be only the latest rollbacks of Obama-era environmental protections, were signalled by administration officials this week. Donald Trump has already made sweeping efforts to boost fossil fuel industries and undo landmark efforts to combat the effects of climate change. ...
Plans for coal-fired power plants drop by almost half in 2016 image
Source : BBC [Read Article] Wednesday 22nd of March 2017 07:44:04 AM
...."It's not normal to see construction frozen at scores of locations, but central authorities in China and bankers in India have come to recognize overbuilding of coal plants as a major waste of resources. "However abrupt, the shift from fossil fuels to clean sources in the power sector is a positive one for health, climate security, and jobs. ...
Coal in 'freefall' as new power plants dive by two-thirds image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 12:01:20 AM
. The amount of new coal power being built around the world fell by nearly two-thirds last year, prompting campaigners to claim the polluting fossil fuel was in freefall. ...
UK climate targets 'will raise household energy bills by £100 in a decade' image
....Rebecca Williams, energy specialist at WWF, said: “This report shows that energy companies are wrong to blame the increase in energy bills solely on UK government policies. It is clear that the main driver here is rising fossil fuel costs. ...
E.On clears up the past with €16bn full-year loss image
Source : BBC [Read Article] Wednesday 15th of March 2017 08:16:40 AM
....The loss mainly reflects E. On's move away from generating electricity from fossil fuels and a greater focus on renewable energy. ...
How to beat UK energy price rises image
Source : Guardian [Read Article] Monday 13th of March 2017 12:20:57 PM
.... Most of the increase was due to rising wholesale electricity and gas prices. Even the latest round of rises is primarily to do with fossil fuel prices, according to Ofgem. ...
Shell’s sale of dirty tar sands assets cleans up debt and spruces image image
....While the divestment programme and a move to cheaper sources of oil will have driven the sale, Ellacott said he was sure the carbon-intensiveness of the sands was part of the company’s thinking too. Tar sands are not just one of the dirtiest sources of oil, but one of the most expensive because of the high cost of turning them into usable fossil fuel. ...
‘Shell knew’: oil giant's 1991 film warned of climate change danger image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:45:19 AM
....Shell’s 28-minute film, called Climate of Concern, was made for public viewing, particularly in schools and universities. It warned of extreme weather, floods, famines and climate refugees as fossil fuel burning warmed the world. ...
High energy bills here to stay but jobs heading overseas, industry group warns image
.... They were increasingly handicapped by the “physical and financial difficulties inflexible generators face in a market marked by frequent oversupply and occasional shortage”. The emergence of future renewable capacity under the RET would help push prices down, the report said, adding that greener sources of power would one day replace fossil fuels. ...
Windfarms aren’t the real reason energy bills are rising. Blame the free market image
....Anyone reading it would have been forgiven for directing their anger at windfarms when increases in their energy bills land, as half of the big six energy suppliers are planning. Yet the peers’ report admits that “rising international prices for fossil fuels” were the main driver for energy bills going up over the period. ...
Government pension scheme begins ditching oil and gas investments image
Source : Guardian [Read Article] Friday 24th of February 2017 10:21:26 AM
. A giant pension scheme with more than 4 million members is shifting almost 10% of its investments into a new climate change fund designed to move people’s money out of fossil fuels and into renewable energy. ...
Government intervention has led to higher energy bills, claims Lords report image
....Subsidy-backed growth in renewable energy projects, such as windfarms, has deterred the construction of new conventional power plants, the economic affairs committee claimed. The peers envisage the new energy commission would oversee auctions where all technologies, including fossil fuel power plants, competed for guaranteed electricity prices. ...
Searching for Genghis image
Source : BBC [Read Article] Friday 24th of February 2017 12:30:54 AM
....These instruments are accurate enough to measure changes in ocean levels or soil quality, for example, or the shockwaves caused by an earthquake. They can also track the spread of water pollution, the impact of fossil fuel burning, and changes in the size of the ozone layer hole. ...
Green Investment Bank: Australian bidder woos MPs as protests continue image
Source : Guardian [Read Article] Thursday 23rd of February 2017 10:33:25 AM
.... Ministers have insisted the deal will be good value for money for taxpayers, who funded the bank’s launch in 2012, and that its “green purposes” of funding renewable energy and other environmentally sound projects will be protected by a special share owned by the government. But Greenpeace said that documents it had obtained from the Green Investment Bank via freedom of information requests showed the special share would not rule out the privatised bank investing in fossil fuels. ...
Most wood energy schemes are a 'disaster' for climate change image
Source : BBC [Read Article] Thursday 23rd of February 2017 09:47:43 AM
....Subsidies for biomass should be immediately reviewed, the author says. But the industry rejected the report saying that wood energy cuts carbon significantly compared to fossil fuels. ...
Gas and electricity prices may have to rise further, warns industry body image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:11:24 PM
....Slade refused to say whether he thought Npower’s recent electricity price increase of 15% was acceptable and said he had no knowledge of individual companies’ future pricing plans. But the head of the energy regulator, Ofgem, dismissed the idea that government policies or smart meters were adding significantly to suppliers’ costs, and said increasing fossil fuel prices were the main pressure. ...
The supermarket food gamble may be up | Felicity Lawrence image
Source : Guardian [Read Article] Monday 20th of February 2017 06:00:29 AM
.... Although the new supply system is miraculous in its scale, speed and efficiency, it has two fatal flaws. First, it depends on the profligate use of finite resources – water, soil, and fossil fuels (with all their greenhouse gas emissions). ...
L'Oréal confirms it is considering selling   The Body Shop as profits fall image
Source : Guardian [Read Article] Thursday 9th of February 2017 06:12:47 PM
.... Some fans of The Body Shop are put off by its links to a vast corporate cosmetics firm. Last year, The Body Shop tried to reaffirm its ethical principles with 14 targets for 2020, including ensuring all its natural ingredients were traceable and sustainably sourced, compared with just under half today, and that 70% of its packaging did not come from fossil fuels, compared with 30% today. ...
Almost 90% of new power in Europe from renewable sources in 2016 image
Source : Guardian [Read Article] Thursday 9th of February 2017 05:00:13 AM
. Renewable energy sources made up nearly nine-tenths of new power added to Europe’s electricity grids last year, in a sign of the continent’s rapid shift away from fossil fuels. ...
Democrats must do to the Dakota pipeline what they did to Betsy DeVos: resist | Kate Aronoff image
.... In 1972, that company changed its name to Exxon. The fossil fuel industry has never been a stranger bedfellow for Pelosi’s party, or a better one to excise. ...
Lack of transparency over green energy subsidies 'shambolic', say MPs image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:01:00 AM
.... For example, it would not include the £378m consumers will pay via their bills for backup power subsidies next winter. The committee dismissed a BEIS report last November, which it said did not break down the impacts of policies to a household level, and did not show the savings that policies could bring, such as reducing consumers’ exposure to volatile fossil fuel prices. ...
Blackouts? What blackouts? How National Grid keeps the lights on image
Source : Guardian [Read Article] Monday 6th of February 2017 01:12:31 PM
.... Last Friday £378m worth of contracts were awarded for the capacity market, most of which will be paid to old gas, coal and biomass power stations that will be ready to provide power at short notice if there is a surge in demand or dip in supply. But the sources of the UK’s power are changing fast, from a small number of fossil fuel and nuclear power plants to a greater reliance on renewable providers such as windfarms, backed up by gas power plants and undersea power lines connected to continental Europe and Ireland. ...
Shell begins huge task of decommissioning Brent oil rigs image
Source : Guardian [Read Article] Monday 6th of February 2017 07:01:20 AM
....But critics think the tax regime is unjust. “The massive tax breaks being offered to the oil and gas industry to clean up its toxic legacy amount to yet another subsidy to the fossil fuel industry,” said Banks. ...
Electric cars and cheap solar 'could halt fossil fuel growth by 2020' image
Source : Guardian [Read Article] Thursday 2nd of February 2017 06:01:22 AM
....Falling costs of electric vehicles and solar panels could halt worldwide growth in demand for oil and coal by 2020, a new report has suggested. A scenario that takes into account the latest cost reduction projections for the green technologies, and countries’ pledges to cut emissions, finds that solar power and electric vehicles are “gamechangers” that could leave fossil fuels stranded. ...
Deutsche Bank pulls out of coal projects to meet Paris climate pledge image
Source : Guardian [Read Article] Wednesday 1st of February 2017 03:41:56 AM
....Green groups claimed then that Deutsche Bank had bowed to public pressure after 180,000 Germans signed a petition urging the bank not to fund the expansion at Abbot Point in Queensland. A study last month by the legal group Arabella Advisors found that global funds were increasingly signalling plans to pull out of fossil fuel investments, one year on from the Paris climate agreement. ...
Ban coal from backup power subsidy scheme, says Scottish Power image
Source : Guardian [Read Article] Monday 30th of January 2017 04:16:49 PM
....Uniper, the company formed to take care of E. ON’s fossil fuel operations when the German group split its businesses, rejected the idea of a ban. ...
MPs question post-Brexit viability of May's industrial strategy image
Source : Guardian [Read Article] Monday 23rd of January 2017 03:45:43 PM
....However, Caroline Lucas, co-leader of the Green party, said ministers had missed an opportunity. “At the heart of any forward-thinking industrial strategy should have been an unequivocal commitment to phasing out the use of fossil fuels,” she added. ...
Can credit unions finally provide a truly ethical current account? image
Source : Guardian [Read Article] Saturday 21st of January 2017 06:59:28 AM
. Billions of pounds of taxpayer cash pumped in, PPI mis-selling, investing in fossil fuels or dodgy regimes, money laundering, Libor rigging, tax avoidance, excessive executive pay… the list of scandals involving banks goes on and on. ...
United Arab Emirates to invest $163bn in renewables image
Source : BBC [Read Article] Tuesday 10th of January 2017 05:28:16 PM
.... . The UAE has considerable solar power potential and is eager to reduce its use of fossil fuels. ...
Declutter your cupboard if you want, but it won't save the planet | Frank Trentmann image
.... For it only counts the materials used in the UK. We are considered to have used more fossil fuel and minerals if we make a car in Luton with British coal and iron and steel than if we import a car made in Brazil or Poland. ...
China to invest £292bn into renewable fuel by 2020 image
Source : Guardian [Read Article] Thursday 5th of January 2017 08:27:57 AM
....The agency did not disclose more details on where the funds, which equate to about £58bn each year, would be spent. Still, the investment reflects Beijing’s continued focus on curbing the use of fossil fuels, which have fostered the country’s economic growth over the past decade, as it ramps up its war on pollution. ...
Renewables investment in UK will fall 95% over next three years – study image
Source : Guardian [Read Article] Wednesday 4th of January 2017 01:31:36 PM
....”. The thinktank’s analysis found that high carbon infrastructure, which it defines as fossil fuel power stations, airports and road building, was faring little better. ...
Will Donald Trump's election put America first and global conflict next? image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 08:33:31 AM
....Trump’s proposals also threaten to exacerbate the situation in the Middle East. He has said he will make America energy independent, which entails abandoning US interests in the region and becoming more reliant on domestically produced greenhouse-gas-emitting fossil fuels. ...
India's double first in climate battle image
Source : BBC [Read Article] Tuesday 3rd of January 2017 07:41:03 AM
.... . Lord Oxburgh, former chairman of Shell, and now director and head of the UK government's carbon capture advisory group, told the BBC: "We have to do everything we can to reduce the harmful effects of burning fossil fuels and it is great news that more ways are being found of turning at least some of the CO2 into useful products. ...
Greatest invention? image
Source : BBC [Read Article] Monday 2nd of January 2017 12:29:31 AM
.... . From air and quite a lot of fossil fuels. ...
Obama bans oil drilling 'permanently' in millions of acres of ocean image
Source : BBC [Read Article] Wednesday 21st of December 2016 06:35:18 AM
.... . President Obama is heeding advice from scientists warning that humans have already discovered three times more fossil fuels than we can burn without risking the climate. ...
Europe development banks plan £5.5bn backing for gas project ‘with mafia links’ image
....5tn cubic metres of natural gas, enough to provide Europe with a fifth of its gas needs in the decades ahead. That has spurred interest from international finance institutions keen to invest in a “bridge” fossil fuel – such as natural gas – pushed by oil companies as “the key energy for a low carbon future”, although such claims are contested. ...
Centrica has donated to US climate change-denying thinktank image
Source : Guardian [Read Article] Friday 16th of December 2016 06:00:45 AM
....Direct Energy, a US energy company wholly owned by Centrica, donated $20,000 to the Texas Public Policy Foundation (TPPF) in 2010, according to tax filings. The Austin-based thinktank has rubbished climate change science, argued the Paris climate deal would “wreak havoc” in the US economy and said the idea of keeping fossil fuels in the ground was a “ridiculous construct”. ...
The tech industry won't save us – or the planet – from Trump's excesses | Kate Aronoff image
.... Leveraged effectively, they say, technology can create a world-saving “Breakthrough,” as the name of Gates and other billionaires’ new $1bn clean energy fund suggests. But there’s one big problem with such an apparently quick and harmonious fix: the fossil fuel industry, along with its $5. ...

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