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Despite net-zero pledges, banks used $750 billion to finance fossilfuels in 2020. Fri, 03/26/2021 - 00:05. The unprecedented COVID-19 dip in global financing for fossilfuels offers the world's largest banks a stark choice point going forward," she said. Cecilia Keating.
Pressure on creatives: PR, advertising firms targeted by fossilfuel divestment movement. As fossilfuel 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.
The State of Green Business 2021. Mon, 01/25/2021 - 02:11. Net-zero" became a key commitment during 2020 — goals that aim to eliminate, at least on paper, a company’s greenhouse gas emissions, water extractions, fossil-fuel use or deforestation activities by a given date. Joel Makower. Now, where were we?
5 sustainable packaging developments to watch in 2021. Mon, 01/04/2021 - 01:15. But COVID-19 has thrown a wrench in those plans, with single-use packaging skyrocketing, low fossilfuel prices and disrupted recycling systems, already weakened by China’s 2018 plastics waste ban. . Meg Wilcox.
Keep your eyes on these 9 electric truck and van companies in 2021. Mon, 01/04/2021 - 02:00. Here’s a look at what nine big-name players accomplished over the past 12 months, and what to keep an eye on in 2021. Ford is promising that the E-Transit van will be available starting in late 2021. Mike De Socio.
20 C-suite sustainability champions for 2021. Mon, 01/11/2021 - 02:15. The company has since whipsawed between its wholesale-energy legacy of fossilfuels and greener horizons. As for the slower-moving climate crisis, Poppe grabbed the opportunity of a generation to replace fossilfuels and phase in "modular" renewables.
Renewables achieved double-digit cost reductions in 2021, and saved tens of billions in fossilfuel costs, but IRENA warns of supply chain and commodities crises. The post New wind and solar saved $82bn in fossilfuel costs in 2021, but supply pressures loom appeared first on RenewEconomy.
The analysis, commissioned by the University of New South Wales’ Australian Human Rights Institute, found Australia was the third biggest fossilfuel exporter on an energy basis in 2021, trailing only Russia and the US. Coal and gas exports expected to remain roughly at current level until at least 2035 with 4.5%
Despite global cries for an end to fossilfuel use, China’s coal production reached record levels last year. The government encouraged miners to ramp up production, working at maximum capacity to increase China’s economic growth.
It was a sign of how much has changed since 2021, when the UK hosted the flagship COP26 UN climate summit with a promise to “irrefutably to turn the tide and to begin the fightback against climate change”. million has been given to pro-fossilfuel think tanks by Tory donors since the 2019 general election.
Q1 2021: Amazon goes big, Ørsted is a fan of corporate procurement . Thu, 04/15/2021 - 01:45. Corporate renewable deals got off to a sleepy but respectable start in 2021, with the largest contracts from U.S. Here are three of my takeaways from the first three months of 2021. . Sarah Golden. last year. .
At many of these facilities, fossilfuels, and especially natural gas, are the energy feedstock used for process heating applications. But what if the sun’s energy could take over the job much of the time and displace fossilfuels? primary energy demand, according to the Department of Energy. in Lemoore.
billion) in fossilfuel firms. This includes companies that specialise in extracting, refining, transporting and distributing fossilfuels. million) shareholding in the oil and gas supermajor Chevron, as well as stakes in Shell, Equinor, and 109 other fossilfuel companies. billion (£1.8 million (£466.1
Major fossilfuel 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 fossilfuel companies.
It details the havoc wrought on New York by 2021’s Hurricane Ida and 2012’s Hurricane Sandy , and other deadly climate events such as extreme heatwaves across the US this past summer. Continue reading.
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.
These include the controversial energy company Drax , the fossilfuel lobby group Offshore Energies UK , and the gas company Cadent. More than 500 scientists signed a letter in 2021 stating that it would take decades for the carbon emitted by burning wood to be balanced with the planting of new trees.
According to Saudi Aramco’s podcast, the fossilfuel industry is innovating new climate solutions, and BP’s podcast proclaims more of the same. Darren Woods, the CEO of Exxon, celebrates the potential of carbon capture to dramatically reduce global emissions. and Europe.
Thu, 04/01/2021 - 00:45. Labor unions and trade associations have important roles to play in charting a just and sustainable transition from fossilfuels to renewables. The fossil-fuel economy has taken wealth from everyone to pay for gasoline and electricity and concentrated it in a relatively small number of corporate coffers.
Tue, 04/20/2021 - 02:11. The push to quickly transition carbon-intensive activities away from fossilfuels while meeting the world’s growing energy needs has put electricity producers and consumers squarely in the forefront of the emerging clean economy. And the era of fossilfuels is hardly over. Joel Makower.
Over the past month and a half month, California lawmakers have enacted a pair of climate disclosure bills and endorsed a global call to end the fossilfuel era. Lena Gonzalez (D-Long Beach) introduced legislation requiring both funds to divest from the 200 largest fossilfuel companies by the 2030s — holdings worth about $15 billion.
Global advertising and public relations company WPP has more contracts with fossilfuel clients than any of its rivals, despite the group’s pledge to reach net zero emissions by 2030, according to a report by campaign group Clean Creatives. Omnicom followed with 39 contracts; Interpublic Group had 25; and Publicis Groupe had 11. “The
Wed, 01/27/2021 - 02:00. The key solutions today are biofuels, only displacing a mere fraction of fossilfuels-based jet fuel, and offsets. Last year, Neste delivered its first batch of sustainable aviation fuel via pipeline for airlines refueling at San Francisco International Airport to use. Katie Fehrenbacher.
Reform has also received more than £500,000 since the last election from Jeremy Hosking, whose investment firm Hosking Partners had more than $134 million (around £108 million) invested in the energy sector at the close of 2021, two thirds of which was in the oil industry, along with millions in coal and gas.
The Securities and Exchange Commission (SEC) this week fired a shot over the bow at Wall Street companies that promise to help investors avoid putting their money into fossilfuels and tobacco — but steer funds towards those companies anyway. On the other hand, there’s been political pushback from the fossilfuel industry’s backers.
Global Renewable Energy market is expected to observe growth in the future due to rising emissions of greenhouse gases and carbon dioxide for a generation of energy after the utilization of fossilfuels.
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.
These investors have bought “green-labelled” bonds issued by Eni, Italy ‘s largest – and the world’s 13th largest – fossilfuel company. As the activist group Reclaim Finance describes the scam : “the bond market has become a safe haven for easy access to fossilfuel finance.”
Wed, 03/03/2021 - 07:26. The fossilfuels used to power the company's vehicle and airline fleets contribute to 92 percent of FedEx's carbon footprint, according to its most recent sustainability report. That fuel also accounts for 6 percent of its annual operating budget. FedEx pledges to be carbon neutral by 2040.
The Tory leader, who has received recent donations from fossilfuel interests and climate science deniers, made her speech at the Havas Village in Kings Cross, London, and was introduced by H/Advisors CEO Neil Bennett. By abandoning net zero by 2050, Badenoch has sold out the interests of the British people to the fossilfuel industry.
Even more unpopular is the province providing financial subsidies to fossilfuel companies to encourage more LNG exports, with nearly half disagreeing with this idea (47.5%) compared to 30.5% who would support fossilfuel subsidies. Among NDP and undecided voters, opposition is even higher.
The facility is under construction, with completion slated by mid-2021. Moving away from fossilfuels for this heat production was the first step and the first big obstacle for Diageo. . The biggest challenge was to maintain that process integrity, but also move on from traditional fossilfuels.".
Norwegian state-owned oil and gas company Equinor, the North Sea’s largest fossilfuel producer, is positioning itself to play a key role in plans to turn Britain into a world leader in capturing carbon. Currently, this policy would lock the UK into using fossilfuel-based energy generation to well past 2050.”
A new report from InfluenceMap reveals the fossilfuel industry has been waging an international lobbying war to prevent cities and towns from requiring newly built homes and businesses to install climate-friendly heating and other appliances. So far, 26 U.S. So far, 26 U.S. Lobbying in the U.S. Of the 26 U.S.
In this week’s edition of Smart Energy’s Power Playbook, Yusuf Latief reports on an investment update from the International Energy Agency (IEA) which has found that of the total $3 trillion expected to be invested in energy, the lion’s share will go into renewables and the power grid, surpassing fossilfuels.
In the aftermath of BREXIT and in view of COP26 in Glasgow in November 2021, the UK has been focussing on decarbonisation in relation to its infrastructure and power offerings. With the Government having promised a £4 million investment into biomass in March 2021, will this energy source remain an important part of the UK’s energy mix?
Fri, 03/05/2021 - 00:12. More than 100 billion tons of resources enter the economy every year — everything from metals, minerals and fossilfuels to organic materials from plants and animals. Each year, huge quantities of fossilfuels are used to produce clothes from synthetic fibers each year. David McGinty.
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.
Tue, 05/11/2021 - 02:11. Is 'net zero' much ado about nothing? Joel Makower. 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. The "way back when" in this case seems to be around 2014.
Mon, 07/26/2021 - 02:00. . Then it passes that ethanol onto project partner India Glycols Limited, a petrochemical manufacturer that turns the ethanol into monoethylene glycol, a chemical normally made from fossilfuels. Lululemon, LanzaTech are reshaping carbon waste into fabric. Deonna Anderson. Courtesy of.
Wed, 03/31/2021 - 01:00. Those processes use a lot of energy and largely come from fossilfuels; one-third of U.S. A key route to industrial emissions reductions is electrification (replacing industrial fossilfuels with electric alternatives). How corporations can jump-start industrial electrification in the US.
Regardless of the specifics, the airline industry is feeling the heat from its reliance on fossilfuel-based jet fuel and thus its relatively large emissions. By 2021, the retailer plans to have 70 planes in its in-house air fleet that move its one and two-day deliveries.
During a more than four-year period from January 2017 through March 2021, the company said that it had captured a cumulative total of about 2.7 The agency noted in an email that the 2021 volume should be 260 kilotonnes and not 322 kilotonnes, and that it will correct the figure in the next edition. million tonnes of CO2 at the site.
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