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2020: Fossilfuels 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 fossilfuels. Last year, no fossil company made the top 10 list. Hunter Lovins.
Despite net-zero pledges, banks used $750 billion to finance fossilfuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossilfuel firms during the pandemic year.
The fleet fueling unit will be acquired by EZFill Holdings. Since emerging from Y-Combinator in 2016, Yoshi has focused on operations in three areas; mobile vehicle charging for electric and autonomous fleets; virtual vehicle inspection for companies such as Uber and Turo; and on-site preventative maintenance.
Report finds volume of fossilfuel subsidies from G7 nations increased 15% between 2016 and 2023 with the US spending the most. The post Fossilfuel subsidies now more than $A2 trillion just in G7 countries appeared first on RenewEconomy.
Report finds just 57 companies and nation states responsible for generating 80% of the world’s fossil and cement emissions over past seven years. The post Just 57 producers account for 80% of all fossilfuel and cement emissions since 2016 appeared first on RenewEconomy.
In the push to zero carbon, Europe’s biggest lenders face growing pressure to limit their financial support for fossilfuel companies through direct loans and other financing facilities. Continue reading.
Coal-fired power plants, vehicle-clogged highways, and fossil-fuel spewing factories have contributed to the growing European air pollution dilemma. Industries, households and vehicles all emit dangerous mixtures of pollutant particulates that are harmful to human health. Air pollution.
Food systems are responsible for at least 15 percent of all global fossilfuel consumption, according to a major report launched ahead of the COP28 climate summit. Its authors found that even if governments delivered on their 2030 climate pledges, by 2037 food-related fossilfuel use alone would blow the remaining portion of the 1.5C
. | Photo by Jan Woitas/picture alliance via Getty Images The European Union saw a record drop in pollution from fossilfuel power plants last year, according to a new report. Fossilfuels dropped to their lowest point since reliable record-keeping started in 1990, making up less than a third of EU’s electricity generation in 2023.
percent of the years global carbon dioxide emissions from fossilfuels, the report adds. The Carbon Majors are keeping the world hooked on fossilfuels with no plans to slow production, former United Nations climate chief and Paris Agreement architect Christiana Figueres said in a response accompanying the report.
Among world’s top 60 banks those in US are biggest fossilfuel financiers, while Barclays leads way in Europe The world’s big banks have handed nearly $7tn (£5.6tn) in funding to the fossilfuel industry since the Paris agreement to limit carbon emissions, according to research.
Since then, the Conservative government has made a series of U-turns on its own net zero policies, attacked Labour’s green spending plans, and doubled down on its support for new fossilfuel projects, approving more than 100 new North Sea oil and gas licences. This comes as DeSmog and Democracy for Sale reveal that £6.8 percent (£1.8
According to Saudi Aramco’s podcast, the fossilfuel industry is innovating new climate solutions, and BP’s podcast proclaims more of the same. A 2016 Georgetown University study found that advertorials — also known as native advertising — are mistaken for “real” content by about two thirds of people.
million from fossilfuel interests, climate science deniers, and highly polluting industries. Until April 2024, Farmer held shares in the fossilfuel giants Shell and BP, each worth more than £100,000. From the 2019 general election to the start of the 2024 election campaign, the Tories had accepted at least £8.4
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.
From the world’s biggest soccer championship to soccer training for kids , from major universities to music festivals and art galleries to — if you can name it, fossilfuel companies have probably sponsored it. TotalEnergies will sponsor the 2023 Rugby World Cup in France.
since 2016, when it was the largest annual purchaser, according to the Renewable Energy Buyers Alliance. In 2016, companies acquired 1.54 Amazon contracts with oil and gas companies for some computing services that help transport and sell fossilfuels. gigawatts of renewables, compared to a record of 9.33
The announcement marks a major coup for the PCAF and is a landmark green move for Morgan Stanley, one of the world's largest and most recognizable private banking groups, which from 2016 to 2019 invested more than $91 billion n fossilfuels, according to the Rainforest Action Network. Pull Quote.
Bank bosses due to attend a green investment summit tomorrow head institutions which have provided over £700 billion of financing for the fossilfuel industry since the 2015 Paris Agreement, including £129 billion in 2020 alone. . billion in coal, oil and gas between 2016-2020. Concrete Commitments Needed’. billion in 2020.
JPMorgan Chase is the world’s biggest financier of fossilfuels, according to environmental organisations. In 2020 the bank pledged to end fossilfuel loans for Arctic oil drilling and phase out loans for coal mining. Fossil Finance. JP Morgan declined to comment.
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.
French environmental organizations Notre Affaire à Tous, Friends of the Earth France, and Oxfam France last week filed what they say is the world’s first climate lawsuit against a commercial bank, suing BNP Paribas over its continued funding of fossilfuels. They also say that the financial sector more broadly is on notice.
HSBC has been accused of double standards after suspending an executive who said investors “need not worry” about climate change, while continuing to plough billions of pounds into fossilfuels. HSBC has financed £103 billion in fossilfuels since the Paris Agreement was ratified in 2016, including £43.8
Fossilfuel financing declined by nine per cent in 2020 amid the economic downturn, but campaigners warn overall trend is 'one heading definitively in the wrong direction'. Despite this significant drop from 2019 to 2020, the overall trend of the last five years is one heading definitively in the wrong direction," the report states.
Based in Lockerbie, MacRebur has been processing waste plastics otherwise destined for landfill or incineration since 2016. The resulting granules or flakes reduce the volume of bitumen (fossilfuel) in the asphalt mix, whilst enhancing the bitumen as an aggregate binder.
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
Central banks are continuing to help channel trillions of dollars into fossilfuels through policy decisions and direct financing, with overall sums rising in recent years, a new report has found. The report calls on governments to update the mandates of the banks to support the managed decline of fossilfuels.
Institutional Investors Group on Climate Change calls on banks to back their net zero pledges with moves to halt support for fossilfuels and activities that drive deforestation. With fossilfuel financing increasing since 2016, the time to act is now," she said. Net zero commitments must drive real change.".
Former UK Energy Minister and original COP26 President Claire O’Neill has been cleared to take up a role at a business consultancy known for running “astroturf” campaigns for fossilfuel companies, despite warnings from the body that approves such appointments. Oil and Gas Industry Groups.
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.
The world’s 60 biggest banks funded fossilfuels to the tune of $6.9 “Financiers and investors of fossilfuels continue to light the flame of the climate crisis,” Tom BK Goldtooth, report co-author and executive director of the Indigenous Environmental Network, said in a statement. billion, $396.3
Major study backed by 250 NGOs and environmental organisations claims financing for fossilfuels has risen every year since the Paris Agreement was signed. This makes it crystal clear that banks are failing miserably when it comes to responding to the urgency of the climate crisis.
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.
A study published on Friday in the journal Cell Reports Sustainability estimates that billions of tons of carbon from fossilfuels coal, oil, and gas was stored in gadgets, building materials, and other long-lasting human-made items over a recent 25 year period, tucked away in what the researchers call the technosphere.
Campaigners welcome ‘seismic shift’ and urge museum bosses to review links with other fossilfuel sponsors The Science Museum has been forced to cut ties with oil giant Equinor over its sponsor’s environmental record, the Observer can reveal.
And, if you want to consult those lists in their entirety, here are the links: 2016 , 2017 , 2018 and 2019. Sara Bogdan (formerly Lindenfeld) (2016). Jillian Lennartz (2016). I have joined RMI's Building Electrification program, which is focused on eliminating fossilfuels in buildings. Media Authorship.
The world's first 'green steel' produced using hydrogen rather than fossilfuels has been delivered to its first customer Volvo, the consortium behind the pioneering project announced yesterday. Then, in July, SSAB Oxelösund rolled the first green steel produced using the HYBRIT technology.
The world's biggest firms driving the development of clean energy, electric vehicles, sustainable forestry, and other crucial green solutions continue to outperform the broader global market, "leaving fossilfuel companies in the dust", according to fresh investor research released today.
New Climate Transparency report reveals fossilfuel production subsidies surged to highest levels on record in 2021. G20 government support for producing and consuming fossilfuels reached a record high in 2021, despite publiuc commitments to end inefficient fossilfuel subsidies and accelerate the clean energy transition.
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.
It was the third time the international body reproached the Canadian federal and provincial governments for their treatment of Indigenous communities in relation to the construction of the two fossilfuel projects. The Maritimes got quiet, Wet’suwet’en got hot,” Howe said. There’s nothing to say that this list is not still active.”.
Founded in 2016 by John Failla, SED informs and supports commercial and industrial electric power customers as they navigate the transition to renewables and minimize consumption of fossilfuels. Diversified Communications announced the purchase of hosted buyer event and digital media business, Smart Energy Decisions (SED).
Between 2016 and 2021, a group of just 12 Australian fossilfuel companies emitted more carbon pollution than 50% of the Pacific Islands’ total emissions over the same period. The post Carbon emissions from Australia’s ‘Dirty Dozen’ more than half Pacific Islands’ emissions appeared first on RenewEconomy.
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