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2020: Fossil fuels are dead, long live the sun

GreenBiz

2020: Fossil fuels are dead, long live the sun. In this strangest of all years, as the death toll mounts from a disease caused by human incursions into once intact ecosystems, we’re observing another death — the demise of fossil fuels. In 2008, Exxon made a record $40.6 Hunter Lovins. Thu, 08/13/2020 - 00:15.

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Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement

GreenBiz

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. As fossil fuel companies' social license to operate becomes increasingly frayed, more industries in their orbit are getting entangled in the reputational quagmire that is now part and parcel of any activity that exacerbates the climate crisis.

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UK’s £22 Billion Carbon Capture Pledge Follows Surge in Lobbying by Fossil Fuel Industry, Records Show

DeSmogBlog

The UK government’s move to award £22 billion in subsidies to carbon capture projects followed a sharp increase in lobbying by the fossil fuel industry, DeSmog can reveal. Meanwhile, lobby group the Carbon Capture and Storage Association (CCSA) — which represents dozens of fossil fuel companies — attended 20 meetings, and Equinor 16.

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GB News Owner’s Hedge Fund Has $2.2 Billion Fossil Fuel Investments

DeSmogBlog

billion) in fossil fuel firms. This includes companies that specialise in extracting, refining, transporting and distributing fossil fuels. million) shareholding in the oil and gas supermajor Chevron, as well as stakes in Shell, Equinor, and 109 other fossil fuel companies. billion (£1.8

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Revealed: Fossil Fuel Giants Have Committed £41 Million to UK Universities Since 2022

DeSmogBlog

Major fossil fuel firms have committed tens of millions in finance to UK universities since 2022, DeSmog can reveal. Previous reporting from openDemocracy and the Guardian found that, between 2017 and December 2021, £89 million had been given to UK universities from some of the world’s biggest fossil fuel companies.

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'Out-of-control financial collapse': Fossil fuel market crash could cost UK £674bn

Business Green

Campaign group One for One warn fossil fuels should be viewed as the highest risk class of assets and urges government to tighten financial regulations to avert risk of a financial crash. The One for One rule will ensure that banks making high-risk fossil fuel investments shoulder that risk themselves," she added. "It

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Fossil Fuel Industry Given Billions in EU Hydrogen Support, Report Finds

DeSmogBlog

Over €8 billion is being invested in hydrogen and “renewable gas” projects in southern Europe using EU Covid-19 recovery funds, thanks to extensive lobbying by the fossil fuel industry, a new report has found. . The over-emphasis on hydrogen as a result of lobbying could lock Europe into decades more of fossil fuels.