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The State of Green Business 2021. Adapted from the 14th annual State of Green Business report, our annual report card on progress by the world’s largest companies. Such turmoil easily could have spelled the end, or at least the pause, of anything having to do with business and sustainability. Two words: business fundamentals.
It’s a shockingly heady time for electricity. 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. Subscribe here. Surge protection.
billion invested in fossilfuels firms – including oil and gas majors Chevron, Shell, and Equinor – as of June 2023. DeSmog can also now report that one of the largest shareholders in Marshall’s hedge fund has extensive fossilfuel investments. million metric tons from coal power.
Slow-to-change investors and greenwashers in the business community will lose their cover to continue propping up the fossilfuel economy. Each partner brings a relevant monitoring technology to the table and expertise or a track record working in a key industry such as transport, agriculture or the energy sector.
So, why is it that “building electrification” is now among the energy industry’s most popular buzzwords? Most buildings run on multiple fuels. They use electricity to power lights, refrigerators and electronic devices. Gas-powered water heaters can be replaced with heat pump water heaters.
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. The International Energy Agency has stated that new oil and gas exploration is incompatible with net zero.
As energy policy and politics shift globally, business flexibility will be a necessity for the success of the energy transition. Well, not quite, because anyone who has even briefly scanned the news over the last few months will have noted the shift in the political mood music around energy policy across the world.
As the world grapples with the urgent need to reduce greenhouse gas emissions and combat climate change, sustainable energy engineering has taken center stage. This dynamic field is focused on developing innovative solutions to generate, store, and use energy in a cleaner and more environmentally friendly way.
The findings come after United Nations Secretary-General Antonio Guterres called for a worldwide fossilfuel advertising ban, arguing that advertising companies were serving as “enablers to planetary destruction” by greenwashing polluting clients. James Park tube stations near Parliament, the requests showed.
The Conservative Party received a £2 million donation in March from a petrochemicals executive whose business interests include a Russian textiles plant, DeSmog can reveal. Labour Leader Keir Starmer has said that his party would reduce fossilfuel imports by investing in domestic renewable energy.
Fintan Slye, head of the new grid operator Neso, is aware that critics are sceptical about achieving ‘clean power by 2030’. From this unassuming office block in the Berkshire countryside, home to National Grid’s control centre, the UK’s shift away from fossilfuels has been monitored for more than 30 years.
With the ban of new petrol and diesel cars in place in the UK by 2030, sales of electric cars are expected to surge. Plug-in hybrid and electric vehicles accounted for more than 1 in 10 vehicle registrations in 2020, up from 1 in 30 in 2019, according to data published by the Society of Motor Manufacturers and Traders. Challenges.
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.
The EPA said it had inspected three ADM wells in mid-June — one used for storing captured carbon dioxide and two used to monitor for leaks and other problems. An ADM spokesperson said drinking water supplies in the Decatur area were not impacted and the monitoring well in question was plugged. “We The total tab came to $414.4
With continued advances in energy efficiency, green technology and design, houses built today operate more sustainably than they did several decades ago. Energy efficiency. Home renewable energy systems. Philips offers an online energy calculator for consumers to figure out just how much energy they use.
ClientEarth’s Climate Snapshot 2019 finds that: Three in five people believe that financial institutions and banks should no longer invest in fossilfuels (59%) and that they should be legally accountable if they choose to do so (60%). Too many banks, pension funds and insurers are propping up fossilfuel giants.
When we think about innovation in renewable energy, it’s easy to assume that the materials and breakthroughs of human design hold the greatest potential to power the green revolution. This way of thinking about geothermal energy sounds like something from science fiction, and until recently it may as well have been.
Not only do pesticides directly contribute to the climate crisis, but a changing climate is likely to intensify pressure from agricultural pests and decrease plant resiliency, resulting in greater pesticide usage and therefore further greenhouse gas emissions, according to a new report.
By Shelley Robbins, Clean Energy Group. In those states, where clean energy is now gaining a stronger foothold, valuable lessons can be found. Actions by these states to change the direction of energy policy are a powerful confirmation that clean energy is a viable, cost-effective alternative to fossilfuels.
BusinessGreen brings you an overview of the key business takeaways from the Glasgow Climate Summit. Forward-thinking businesses and financiers are set to be agents of change as governments look for ways to turn ambition into action - a role that is clearly not lost on the many business leaders represented at the SEC Centre in Glasgow.
and other fossilfuel companies are urging the European Union to relax targets to boost climate-friendly “green” hydrogen, hoping to win greater support for projects to manufacture the fuel using natural gas. Spanish and Portuguese energy companies are beginning to shift into green hydrogen production. ExxonMobil Corp.
A major cold snap led to record electricityusage in the Canadian province of Alberta over the weekend, culminating in demands from provincial utilities to limit consumption. The extreme cold and record-setting electrical consumption has reignited local debates about whether heat pumps are a viable option in the province.
Political and business leaders have certainly talked a good game in the wake of the coronavirus crisis. This morning sees the publication of the International Energy Agency's (IEA) influential Global Energy Review 2021 and it makes for sobering reading. Global carbon emissions are set to jump by 1.5
The coronavirus crisis gripping the global economy has forced clean energy analyst BloombergNEF (BNEF) to downgrade its expectations for the solar, battery, and electric vehicle (EV) markets, in one of the first signals that the escalating pandemic could undermine urgent efforts to combat climate change.
The coronavirus crisis gripping the global economy has forced clean energy analyst BloombergNEF (BNEF) to downgrade its expectations for the solar, battery, and electric vehicle (EV) markets, in one of the first signals that the escalating pandemic could undermine urgent efforts to combat climate change.
After several delays spanning at least a year, the government has finally unveiled vision for a future net zero energy system - here are the eight things you need to know about the long-awaited Energy White Paper. To describe autumn 2020 as a busy period for green economy policy in the UK would be an understatement.
” With more than $6 trillion of investments under management and influence in boardrooms of nearly 1,800 companies, what BlackRock says carries big weight across the corporate and political world. Coal miner Peabody Energy, for one, has seen its backing from BlackRock dwindle. In 2018 BlackRock held around 6.3
As lawsuits mount against the fossilfuel sector for decades of sowing climate disinformation, the PR and ad agencies , banks , institutional investors , and law firms that work with the industry are also facing increased scrutiny. This overlap raises conflict of interest concerns, experts say.
Biomass power generation would have seemed impossible to the engineers who began building Drax Power Station in 1967. But the unique nature of Drax presents a more powerful opportunity for its future: negative emissions. The energy sector, however was beginning to change. Drax before biomass and the origin of the idea.
Incentivizing Green Hydrogen: The CBAM could incentivize the production of green hydrogen , which is produced using renewable energy sources and emits no carbon dioxide. This could lead to breakthroughs in areas such as electrolysis efficiency, carbon capture, and storage, or the use of alternative energy sources for hydrogen production.
The circumstances surrounding his termination are documented among thousands of pages of public records and internal company documents that provide a penetrating look into the multi-billion dollar stakes of negotiations between governments and state-sanctioned monopolies that are shaping the future of energy systems in Oregon and beyond.
These revelations quickly spurred calls for Congress to investigate Exxon’s and other fossilfuel companies’ efforts to obstruct climate action. For years, academics, journalists, and activists have been unearthing documents proving that the fossilfuel industry knew about the dangers of climate change since the late 1950s.
Clean Energy Trust’s cleantech roundup highlights interesting cleantech news and perspective, across industry, technology, policy, and investing Top Topics Large oil and gas and utility companies are making net-zero pledges , as they look to get ahead of consumer and regulatory trends.
This weekend will see the anniversary of the UK's first major power cut for over a decade. The systemic failings seen on August 9 2019 led to trains stuck on lines, nearly a million people without power and, of course, quick finger-pointing in a bid to make political points. Over-sensitive.
At the start of 2020, business and investor attention to climate change and ESG performance was surging at last. Leading the transition to net zero GHG by 2050 is the new business imperative. Tom Murray, Vice President, EDF+Business. According to a new report from Ceres , “every major U.S. Companies are in the spotlight.
The government has today placed a wide-ranging new Energy Bill at the heart of a legislative agenda that it said would prioritise growing and strengthening the economy while helping to "ease the cost of living for families". He added that the legislation "will build on the success of the COP26 Summit in Glasgow last year".
From clean energy and nature investments to phasing down fossilfuels, We Mean Business Coalition's Maria Mendiluce offers her take on what corporate climate leadership should look like over the coming year. However, it was a missed opportunity to be bolder and propose to phase out all fossilfuels.
Canadian oil companies, fossilfuel lobby groups, and third-party advertisers are scrubbing their websites of content related to carbon capture and storage in the wake of new legal greenwashing guidelines. CNRL deleted company information on protecting water quality, land management, and its environmental planning and monitoring.
"Backed by more than £1bn investment, today's plans will make a considerable dent in the amount of carbon emissions emitting from our economy and put us on the path to eliminate our contribution to climate change by 2050," said Business Secretary Kwasi Kwarteng.
The price cap is set by Ofgem every three months and sets the maximum tariff that domestic energy suppliers can charge most households. The cause of the rise in wholesale energy costs is the price of gas. The cap applies to households on default or variable tariffs, covering about 80 per cent of homes.
Like many corporations, the global COVID-19 pandemic and lack of usual in-person events meant they had to get creative about how to shape the political debate and find new allies to support their agendas. The MEPs invited were spoiled for choice, as BASF generously delivered six small bottles of fine wines for their enjoyment.
This 'climate silence' then has a worrying knock on effect, as political and business leaders struggle to prioritise an issue that they perceive to be of only limited interest to the wider public.
Reaching the UK's target of net zero emissions by 2050 will require a complete transformation of the energy system. We have limited time to move from a system where around 80 per cent of our primary energy supply comes from fossilfuels, to one where low-carbon technologies dominate. Getting a move on.
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