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Private equity firms ploughing billions into fossil fuels, analysis reveals

The Guardian: Energy

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 fossil fuel projects pumping more than a billion tonnes of greenhouse gas emissions into the atmosphere every year, according to an analysis.

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Average UK person has lost out on £10,200 since 2010, thinktank says

The Guardian: Energy

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 fossil fuel industry (..)

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California revises LCFS regulations to favor EV charging over biofuels

Charged

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.

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EY: Solar LCOE 29% lower than cheapest fossil fuel alternative

PV Tech

The cost of solar power generation dropped from US$417 per MWh in 2010 to US$49 per MWh in 2022, representing a 88% decrease.

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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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Study: Renewable power investments 'significantly' outperform fossil fuels over past decade

Business Green

Shares in renewables firms have "significantly" outperformed fossil fuel 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.

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The Greenwashing Files: Fossil Fuel Giants Accused of ‘Deceptive’ Advertising

DeSmogBlog

Fossil fuel 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”.