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College students fighting to get their schools to stop investing in fossilfuels have stumbled on a new idea that could bring fresh attention to their cause: Those investments might be illegal. They also write that Harvard’s fossilfuel investments threaten its own physical property by exacerbating flooding and sea-level rise.
Nigel Farage ’s Reform party received £135,000 this year from donors linked to climate science denial and fossilfuels, DeSmog can reveal. Latest official records show that all donations made to Reform UK so far this year are from individuals with ties to climate science denial or fossilfuel interests.
Fossil-fuel plants are increasingly being forced to stop and start production in response to changes in output from renewables. They apply their framework to Western Australia, a setting where rooftop solar capacity more than doubled between 2014 to 2018 to world-leading rooftop solar penetration rates.
Greenhouse gas emissions must peak within the next three years, and in the next eight, the world must push fossilfuels aside, rapidly scaling up the use of clean energy like wind and solar. The authors’ top recommendation: Immediately move away from fossilfuels and replace them with renewable technologies.
The "way back when" in this case seems to be around 2014. It feels almost quaint to remember way back when "80 by 50" — an 80 percent reduction in greenhouse gas emissions by 2050 — was a bold goal for a company or government entity to make. It was seen by many as audacious, possibly unachievable, but still a necessary target.
Rockefeller Brothers Fund announces that its investment portfolio has exceeded expectations and industry averages in the five years since it divested from fossilfuels. According to the study, the RBF posted an average annual net return of 7.76 per cent over the five-year period that ended in December last year.
The UK government gave over £150 million in tax breaks to fossilfuel companies in the space of three years, new research has found. A new paper out today reveals that tax credits for fossilfuel extractive companies to conduct research and development (R&D) increased by around £20 million year on year between 2014 and 2016.
The UK government has appointed a law firm with a history of defending fossilfuel companies over environmental disasters to provide legal services for the upcoming COP26 climate summit. They need to consider if they should be assisting companies who seek to profit from fossilfuels and the destruction of our climate.”.
Policies such as California's Advanced Clean Truck rule are forcing organizations in the state to phase in zero-emission trucks and phase out fossilfuel-based ones. Progressive cities, many in Europe, are building zones in downtown centers that are banning fossil-fuel vehicles and incentivizing zero-emission models.
The UK's export credit agency could support up to 42,000 jobs around the UK by 2035 if it switches it support for overseas fossilfuel projects to renewables and clean energy infrastructure, according to a major new analysis from Vivid Economics.
“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.”.
UK fossilfuel imports from authoritarian petrostates surged to £19.3 Petrostates are countries that are economically heavily dependent on fossilfuel production. billion on fossilfuel imports from the year beginning February 2022. billion on fossilfuel imports from the year beginning February 2022.
A newly published report by Fossil Free California finds California’s pension fund managers are circulating divestment “misinformation” by exaggerating the costs involved in shedding their fossilfuel investments in documents prepared for state lawmakers. The two pension funds have estimated holdings of $7.4 billion and $4.1
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.
Critics point out that replacing flaring with mining crypto could become a way for fossilfuel producers to spin money directly from energy, polluting the climate without heating people’s homes or transporting people from place to place in the process. “In Credit: Marko Ahtisaari ( CC BY 2.0 ).
billion from 2014 to 2019 in ISO-New England. Local solar and storage also opens up access for people historically excluded from the clean energy conversation: low-income communities, which usually experience the worst health and environmental consequences from polluting fossilfuel power plants.
Almost 100 universities that have pledged to shed ties to the fossilfuel industry still bank with financial institutions that have collectively provided $419 billion (£345 billion) to polluting interests between 2016 and 2022. million in funding from fossilfuel companies since 2022.
The fossilfuel industry has faced serious headwinds for several years, but the rise of renewables combined with the fall in consumption as a consequence of the global corona crisis is pushing it over the edge and into “terminal decline”. The fossilfuel industry has faced an oversupply problem, as well as a public relations problem.
It is gradual, and it derives largely from the familiar and widespread practice of burning fossilfuels. In addition to the denial-provoking gravity of the threat, climate change is not the type of risk our minds evolved to detect. It is something we all contribute to and cannot just blame on enemy evildoers.
Read time: 11 mins In 2014, a company named Northwest Innovation Works ( NWIW ) proposed building a multi-billion-dollar petrochemical project in Kalama, Washington, a port town roughly 40 miles north of Portland, Oregon.
BYD also builds e-buses at a factory in California , where production began in 2014. 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
While California already has cut its greenhouse gas emissions by 13 percent since their peak in 2004, many residents still suffer from high levels of air pollution — much of it produced by fossilfuels. And they have suffered collateral damage from the harmful pollutants produced by using fossilfuels. As the U.S.
Fossil-fuel plants are increasingly being forced to stop and start production in response to changes in output from renewables. They apply their framework to Western Australia, a setting where rooftop solar capacity more than doubled between 2014 to 2018 to world-leading rooftop solar penetration rates.
To realize this ambition nations will have to eliminate their use of fossilfuels. GigaWatts in 2014 to 36 GigaWatts in 2020. He specifically pointed out the need to reduce emissions and radically cut dependence on fossilfuels as well as reform agricultural practices. Subscribe in a reader
That corporate lineage is interesting in that AES became the first to contract a battery of this size when utility Southern California Edison awarded it the Alamitos contract in 2014. “Fossilfueled generators are picking up the slack.”
Several California municipalities are merging their climate deception litigation with the state’s climate case, to jointly pursue a super-sized lawsuit against the fossilfuel industry, according to recent court filings. municipalities suing the fossilfuel industry. Credit: Cpl. Sarah Wolff/U.S.
A grassroots group called Canada Action has run nationwide ads on billboards, buses and social media promoting fossilfuels. A report published by the group in 2014 incorrectly claimed that there has been no statistically significant temperature change for the past 15 to 20 years.
It continues to refine its drilling technology to make residential drilling and heat pump installation easier and more competitive with incumbent fossilfuels. He joined when Opower had about 30 employees, then served as chief marketing officer as the company went public in 2014 and was acquired by Oracle in 2016.
It refers to the global shift from fossilfuels to renewable energy sources, aiming to reduce greenhouse gas emissions and combat climate change. This pattern shows that there is a transition from coal, but it’s not an overall transition from fossilfuels to renewables which is what many believe.
Luckily, summer is coming and with it less need for fossilfuels. Even after the 2013 – 2014 Ukraine crisis (Crimea annexation), when the European Union sought to reduce its dependency on Russian gas, things did not change much. And it seems as if the FSR is not afraid to call things by their true names.
1’s directors for voting against two recent proposals to set greenhouse gas targets that would account for the pollution caused by the fossilfuels ExxonMobil sells, and to produce a report on low-carbon business plans. billion worth of fossilfuel investments that the bill would require them to shed.
The oil crash of 2020 is driving down prices and contributing to the demise of the fossilfuel industry. The fossilfuel industry was in trouble long before the start of the price war between Russia and OPEC. Market realities have been signalling the end of fossilfuels for many years. barrels of oil a day.
However, as far as we know, no major championship has converted itself from fossilfuel to electrons—until now. Rallycross racing has been a thing for over 50 years, and the FIA-accredited World Rallycross (RX) championship has existed since 2014. Teslas have been shaking up the street racing subculture.
For years, plaintiffs around the world have sought to hold fossilfuel companies accountable for their contributions to climate change — often seeking compensation for damages like economic losses from floods or wildfires. In other words, “How much has an individual fossilfuel company contributed to climate change?”
Ukrainian activists have criticised aviation companies for buying billions of pounds worth of jet fuel from Russia since Vladimir Putin’s 2014 annexation of Crimea. IAG – which also owns Spanish and Irish carriers Iberia and Aer Lingus – used 586 barrels of Russian jet fuel per day in 2021, spending the equivalent of £36,903 per day.
And the problem has been getting worse: Direct industrial emissions rose by 65 percent from 1990 to 2014. For chemicals production, where fossilfuel combustion is the largest source of CO 2 emissions, one promising solution is "steam crackers" powered by zero-carbon electricity.
Southern California Edison has contracted for 180 MW of behind-the-meter batteries under a 2014 plan to replace the capacity lost from the closure of the San Onofre nuclear power plant. The 27 MW aggregation is the first large-scale behind-the-meter battery project for PG&E, but not for the state as a whole.
BIRMINGHAM, UK – The elite public relations firm Edelman – long criticised for working with the fossilfuel industry to distort climate science and slow climate action – is hosting an “international lounge” at the four-day Conservative party conference in Birmingham. Misinformation and Greenwashing.
The data was collected by instruments on board a special aircraft that flew over the Manaus pollution plume for about 100 kilometers (km) in 2014 and 2015 during the Green Ocean Amazon (GOAmazon) scientific project. They can also be produced by human activities such as the burning of fossilfuels.
The transition to a cleaner energy system continued apace last year, according to new provisional data from the government suggesting renewables output surged last year, as energy efficiency gains continued and fossilfuel energy generation slipped. The decrease is the first since 2014, following four years of consecutive growth.
It has called for new oil and gas projects to be accelerated, labelled the windfall tax on energy companies a “terrible idea”, and argued for a more generous fiscal environment for the UK’s fossilfuel producers. They provide further evidence that Number 10’s fossilfuel agenda is far from accidental.
On the plus side, the pact reaffirmed the central importance of 1.5C (our best chance to avoid the worst impacts of climate change), mentions coal and fossilfuels for the first time, and calls for countries to “revisit and strengthen” 2030 climate pledges by the end of 2022 instead of waiting another five years. of warming.
It’s a scandal that Labour is allowing Graham Stringer to stand again,” said Carys Boughton of the Fossil Free Parliament campaign group. “To Labour has also said that it plans to remove fossilfuels from UK electricity production by 2030, five years earlier than current government plans, and to ban new North Sea oil and gas licences.
The energy sector has not been spared and fossilfuels have been hit particularly hard. While 20 percent of the clean energy and efficiency jobs could be lost up to 33 percent of the fossilfuel exploration and production workforce could lose their jobs. Fossilfuels are the leading cause of climate change.
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