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US public sector workers’ retirement savings invested in projects that pump out a billion tonnes of emissions a year Private equity firms are using US public sector workers’ retirement savings to fund fossilfuel projects pumping more than a billion tonnes of greenhouse gas emissions into the atmosphere every year, according to an analysis.
Comparing actual economic growth across UK cities with pre-2010 trends shows Aberdeen £45,000 poorer, with Burnley next at £28,000 People in Aberdeen are a total of £45,000 worse off since 2010 after suffering the worst growth performance in the UK over the last decade, according to a report exposing the dangers of dependency on the fossilfuel industry (..)
The California Air Resources Board has approved an update to the state’s Low Carbon Fuel Standard (LCFS) that will make it more difficult for biofuel producers to generate regulatory credits, and seems likely to result in the largest share of credits going to support electricity for EV charging.
The UK government’s move to award £22 billion in subsidies to carbon capture projects followed a sharp increase in lobbying by the fossilfuel industry, DeSmog can reveal. Meanwhile, lobby group the Carbon Capture and Storage Association (CCSA) — which represents dozens of fossilfuel companies — attended 20 meetings, and Equinor 16.
Shares in renewables firms have "significantly" outperformed fossilfuel stocks in the US, UK, Germany, and France over the past decade and displayed far more resilience to the disruption caused by the coronavirus pandemic since the turn of the year, a study led by the International Energy Agency (IEA) has found.
Fossilfuel companies could face legal challenges over their misleading advertising, after a DeSmog investigation uncovered the extent of their “greenwashing” Environmental lawyers ClientEarth have put companies on notice with the publication of the Greenwashing Files. ExxonMobil – “Powering Progress”.
In this new lawsuit , it seeks to hold fossilfuel companies and their “misinformation agents” accountable for the unprecedented 2021 heat dome that saw temperatures in the county reach 116º Fahrenheit. The consulting firm has also served the fossilfuel industry.
New Electoral Commission records released today show that the bulk of the fossil-fuel linked funds came from Christopher Harborne, who donated £500,000 in the final quarter of 2022 – the joint-largest donation registered by the party during this period. Centrax has now given more than £300,000 to the Conservatives since 2010.
DeSmog analysed examples of more than 100 influencers being paid to promote fossilfuel firms worldwide since 2017, from the US to Malaysia, in campaigns that have reached billions of people. While there’s more knowledge in general around climate change and the harms of fossilfuels, I think that people have a lot of trust in creators.
Nearly two thirds of social media posts put out by six major European fossilfuel and energy companies since the end of 2019 present a “green” image of the company, despite the majority of their business activity remaining in fossilfuels, reveals new analysis by Desmog.
“Investing in new fossilfuel infrastructure is moral and economic madness,” UN Secretary-General António Guterres said as the Intergovernmental Panel on Climate Change (IPCC) released part of its latest report on Monday. Such investments will soon be stranded assets, a blot on the landscape, and a blight on investment portfolios.”.
Since 2010, according to the study, that disparity has doubled. And what’s turning the tap more open, making the warming pick up speed, is an increase in greenhouse gases carbon dioxide and methane which are both still rising, largely from the fossilfuel industry, he said. and the studys lead author.
Initially estimated in 2010 by an unnamed Twitter employee to be around 0.02g CO2-equivalent (CO2e), subsequent research by numerous climate experts appears to put the ecological impact of a single tweet to be 0.026g CO2e. A truly equal ‘town square’?
Fossilfuel connections should be ousted from our political system so we can get on with the urgent reconfiguration of the system we need,” he said. Peers also have stakes in lesser-known fossilfuel companies. The post Peers Urged to Sell Shares in Russian FossilFuel Companies appeared first on DeSmog.
Policy Exchange, one of Westminster’s most prominent think tanks, engaged in a high-level influencing campaign over the UK’s North Sea oil and gas policies while being funded by fossilfuel interests, DeSmog can reveal. Fossilfuel firms tout CCUS and hydrogen as green energy solutions, yet the reality is more complicated.
Indianapolis cited an October report by Rocky Mountain Institute that found that clean energy portfolios declined in cost by 80 percent since 2010, are lower-cost than new gas plants and are projected to undercut the operating costs of existing gas plants within 10 to 20 years. Phasing out fossilfuels.
But as analysis today from Ember shows, the UK's reliance on fossil gas for power generation is largely the cause of surging electricity bills, with soaring global fossilfuel gas costs accountable for 86 per cent of UK electricity price increases in recent months, it estimates.
While companies have committed to using it, fossilfuels prices were declining and then tanked during the pandemic, driving virgin plastic prices well below recovered plastic. Since 2010, Procter & Gamble had a 13.5 To close the recycling loop, the recovered material needs to be used. Room for innovation.
There are no easy paths to net zero but inherent fossilfuel bias in the UK system is just frittering away our carbon budget, distorting the renewables market, and inhibiting green investment, argues Laura Sandys CBE. Audit and address fossilfuel bias. Making fossil onerous. It is lose-lose.
It also looks at the persistence of fossilfuels in its energy mix. On the other hand, DNV forecasts fossilfuels will still account for 40% of its energy mix in 2050. In 2010, wind made up only 1% of China’s electricity generation. Strong policy support is reflected by the rapid uptake of green technologies.
A report released Wednesday gives that distinction to fossilfuel runoff from highways, parking lots, and other land-based infrastructure, mostly transportation related. The report was co-sponsored by the American Petroleum Institute, a fossilfuel industry trade group, in addition to federal agencies from the U.S.
Here is a year by year summary of GMO's Green School Series from 2010 to 2018 which includes links to articles covering everything you need to know about sustainable academics, student eco-initiatives, green school buildings, and college rankings as well as a wide range of related information and resources.
BYD launched its strategy for public transport electrification back in 2010, realizing the need for change in the way the world relied so heavily on fossilfuels,” said Isbrand Ho, General Manager, Commercial Vehicle Business Centre of BYD Europe. “At million in total.
The city also experimented with hydrogen fuel cell buses during the 2010 Winter Olympics, but the project was discontinued due to high operational costs. In 2018, TransLink, the transit authority in Vancouver, piloted four battery-electric buses and two overhead chargers on one of the regions busiest transit routes.
has made the case for why utilities, not customers, should be responsible for the cost of retiring fossilfuel assets. Securitization: One Tool for Early FossilFuel Retirement. Securitization is a cheaper way to retire fossilfuel plants early. Originally published at ILSR.org.
According to the International Energy Agency, global electricity demand rose by more than 6% in 2021, the largest increase since the recovery from the financial crisis in 2010. To generate electricity, we require energy and 65% of this energy is currently coming from fossilfuels.
The best way to benefit the bank accounts of Canadian families is to switch to technologies that reduce or avoid fossilfuels altogether. Insured losses due to extreme weather events totalled over $18 billion between 2010 and 2019, according to the Canadian Climate Institute. KEY FACTS. The total cost of recovering from B.C.’s
They were subpoenaed as part of a Congressional investigation into the fossilfuel industry’s decades of deceptive advertising, “Sponsored content advertising is a powerful way to reach a specific audience focused on specific issues,” BP states in the document. “We WPP did not immediately respond to a request for comment.
The billionaire financier is a former party treasurer and raised an estimated £70 million for the Tories between 2006 and 2010. New licences were also awarded this week to fossilfuel giants Shell and Equinor. Spencer has publicly advocated for the fossilfuel industry. The Conservatives received £3.5
While the real costs of fossilfuels are increasing the costs of renewables are declining. The International Renewable Energy Agency (IRENA) released a study the shows the cost of onshore wind power generation has dropped 23 percent since 2010, while solar electricity saw a decrease of 73 percent.
The county argues oil companies’ “campaigns to deceive and mislead the public about the damaging nature of their fossilfuel products” delayed climate action for decades, robbing communities of precious time to mitigate the climate-driven disasters they now face.
In the past, CT Group has lobbied for fossilfuel interests across the globe, working for the Australian Petroleum Production and Exploration Association, and the mining giant BHP. However, it’s known that the institute has received funding from fossilfuel interests.
But it also underscores the difficulty in converting a fossil-fueled system to one that is reliant on increasing quantities of renewables. percent in 2010, but it's still much lower than is needed to achieve the decarbonized economy necessary to combat global climate change. percent of worldwide electricity.
French oil giant Total knew that its fossilfuel extraction could contribute to global warming as early as 1971 but stayed silent about it until 1988, according to a new study. The company publicly accepted climate science in the 1990s but promoted “policy delay or policies peripheral to fossilfuel control”, the authors found.
Just after I assumed the role of UN climate chief in 2010, I said to a room full of reporters that I didn’t believe a global agreement on climate would be possible in my lifetime. Continue reading.
JinkoSolar began in 2006 as a wafer manufacturer before going public on the New York Stock Exchange in 2010. The value of its brand is intrinsically associated with achieving carbon neutrality through the gradual phasing out of fossilfuels and their replacement by renewable energy.
One moment a speaker discussed the inevitability of a transition away from fossilfuels; in the next, another suggested the impossibility of bringing populations out of poverty without fossilfuels. In 2010, only 18 percent of all the cars sold in the world were SUVs. Credit: IRENA).
Update from BloombergNEF reveals battery pack prices have plummeted from $1,100 per kWh in 2010 to $137 per kWh in 2020, powered by soaring EV sales, cheaper materials, and manufacturing and tech innovation.
Cutting fossilfuel subsidies and putting efficient price on CO2 would raise crucial revenue for Treasury, LSE research paper argues. It also cautions against imposing "any kind of 2010's style austerity".
And in a surprise move, the text also includes a call for governments to "accelerate the phasing-out of coal and subsidies for fossilfuels". target", while highlighting how the specific naming of fossilfuels and the clear dates for strengthening NDCs represented something of a breakthrough.
The complaint was made against advertisements paid for by Canada Action , a federally-registered non-profit organization that promotes resource development in Canada, particularly the fossilfuel sector. Canada Action further argued that, at its end use, gas emitted 50 percent less carbon than coal.
Compared to more volatile and increasingly more expensive fossilfuel sources, renewable energy power fits the institutional investors’ requirements. For the past seven years globally, more renewable power was added to the grid annually than fossilfuels and nuclear combined. Experts weigh in on the future.
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