This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Royal College of Psychiatrists and Jesuits in Britain become latest groups joining growing movement to remove their financial interests in fossilfuels. COP 26 in Glasgow can be the right moment," he said. "We
Exclusive: Sultan Al Jaber says Adnoc has to meet demand for fossilfuels, and hails ‘unprecedented’ Cop deal The president of the Cop28 climate summit will continue with his oil company’s record investment in oil and gas production , despite coordinating a global deal to “transition away” from fossilfuels.
The findings underscore concerns over the role of the fossilfuel industry at the negotiations, known as COP27, which have become a focal point for deals to exploit African natural gas. These talks are supposed to be about moving us away from fossilfuels, phasing them out,” Sabido told DeSmog. Conflict of interest.
We have to stop burning fossilfuels and leave them in the ground. It looks as though, in a corporate-dominated, growth economy, no fossilfuels are going to be left unburnt. Recently, Bloomberg NEF and Bloomberg Philanthropies produced a report on the scale and impact of global fossilfuel subsidies.
But the UN chief once again reserved his fiercest criticism for "the bottomless greed of the fossilfuel industry and its enablers", as he took aim at the hundreds of billions of pounds of profits enjoyed by oil and gas companies in the wake of soaring energy prices sparked by Russia's war in Ukraine. "I No more baby steps.
GLASGOW, SCOTLAND – Only two of the 35 stalls lauding countries’ green credentials at the COP26 UN climate summit mention the need to cut fossilfuel production — the chief cause of the carbon emissions driving climate change. . We urge all leaders to put people and the planet over the profit of the fossilfuel industry.”.
Maybe it was the offer of warm sun in December, but this year’s COP drew 100K attendees, almost double the size of COP15 in Paris. Climate tech played its biggest role ever at COP this year. The oil & gas COP. This was the COP of the climate and O&G juxtaposition. The greenwashing was unavoidable.
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.
Fossilfuel-linked groups spent around $4 million on Facebook and Instagram that spread false climate claims over the COP27 summit, a new report says. Our report shows Big Oil continues to invest millions in digital advertising to launder their image as ‘climate champions’, while also promoting the necessity of fossilfuels.”
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.
Annette Gorst-Unsworth says she invests in community energy groups that are making a difference in her area Cop28 ended with yet more dashed hopes on fossilfuels, with a watered-down call for countries to move away from them rather than phasing them out ( Report, 14 December ).
One feature you may have missed is the little-known ‘Investment Allowance'. Despite sounding innocent enough, this allowance is a massive loophole to the government's windfall tax which amounts to taxpayers paying fossilfuel companies to invest in new climate-wrecking oil and gas projects in the North Sea.
The headline commitment of COP28 was the pledge to transition away from fossilfuels. Many commentators also appeared to believe that the “UAE Consensus” – as the deal was dubbed – leaves plenty of scope to continue burning fossilfuels, while also being woefully short on the financial commitments required to realize its aims.
Are disproportionately exposed to toxic air pollution from the fossilfuel industry. A cop put his knee in the back of his neck and choked him to death, amid his cries for help. Are more likely to live near highways, airports, refineries and other sources of hazardous air pollutants. The impacts are also real.
Film producer and co-founder of Comic Relief, Richard Curtis, has launched a campaign to help make the UK's £3tr of pension assets more sustainable and ensure it is invested in building a better world after the coronavirus pandemic. Our pensions are powerful, and we must use that power to build a better world'.
There is no legitimacy in a COP president promoting gas and oil alongside false solutions like CCS”, said David Tong, global industry campaign manager at Oil Change International (OCI), who is attending COP27. More often than not CCS is used to pretend that the burning of fossilfuels can be carried out cleanly.
The document sets out G7 countries' ambition to deliver near-zero carbon electricity grids by 2035, citing the need to respond to climate scientists' calls for a drastic reduction in fossilfuel demand so as to stabilise global temperatures. We also have the G7's first coal phase-out goal and endorsement of the Glasgow Breakthroughs.".
The Bank of England (BoE) is facing pressure from MPs and campaigners to take urgent action to clean up its investments before the COP26 Climate Summit in Glasgow, amid fears that vast sums of public money invested in high-carbon industries could damage the UK's international reputation and derail its climate goals.
Is the COP27 Summit that kicks off in Sharm El Sheikh this weekend the most important COP meeting yet, and therefore one of the most critical gatherings in the entire history of humanity? It is, by the admission of the Egyptian hosts, an "implementation COP". If COPs did not exist you would need to invent them.
Al Jaber has served as the UAE's Special Envoy for Climate Change since 2010, and has participated at 10 previous UN COP Summits. He was also the founding CEO of the UAE's Masdar clean tech investment arm, and as CEO of ADNOC has instigated a $15bn decarbonisation strategy at the oil and gas giant.
Without a strong carbon price, older renewable and nuclear plant will close earlier than they should and investment in new low carbon infrastructure like Carbon Capture Usage and Storage (CCUS), hydrogen and negative emissions technologies will stall. With the world watching ahead of COP we cannot afford a COP-out on low carbon.
Europe’s DSO labour and skills shortages identified Emma Pinchbeck: ‘We need an energy workforce that looks like the population we serve’ “As the world emerges from COP with a clear focus on phasing out fossilfuels, as well as tripling renewables in six years, every company in every sector is fully aware that change is coming fast.”
It scores a “coefficient of performance,” or COP, of 6, meaning for every one unit of energy going in, you get six units of heat out. By contrast, gas furnaces have a COP of less than 1. Accordingly, its COP of 2 or 3 would still far outpace a gas furnace, but not approach geothermal’s COP of 6.
Pairing PV with ever-cheaper batteries can offer firm zero-carbon power; pairing with existing fossilfuel generators can reduce the carbon intensity of power supply. But a lack of investment in grid infrastructure can hold investors back. Floating solar and the like is poised to accelerate as well.
billion worth of fossilfuels from Saudi Arabia. DeSmog has today revealed that the US-based advertising giant McCann, part of the Interpublic Group of Companies (IPG), is putting itself forward to continue working for this fossilfuel giant. So what else do we know about this fossilfuel behemoth?
After another full year of global warming events, from droughts to floods, the 196 countries represented in Sharm El-Sheikh failed to achieve even the basics: changing the Glasgow agreement to incorporate measures for combating climate change and reducing fossilfuel use. Now, that sounds more attractive and convincing, doesn't it?
billion annual investment. That spend would be around 20% lower than what was invested across all of the country’s generation resources between 2015 and 2019. . Even so, solar power would still be a cost-effective way to meet growing demand instead of building new fossilfuel-based power plants, the report said.
But Ministers insist end to financial support for overseas fossilfuel energy projects, £16bn transition plan for North Sea, and climate compatibility test for new projects can put UK on track to net zero emissions. We will not leave oil and gas workers behind in the United Kingdom's irreversible shift away from fossilfuels.
We organised the tour as a way to shine a light on Glasgow’s colonial past, its polluting present and how the COP is being used by all in the city to greenwash their image,” Pascoe Sabido, a researcher and campaigner at CEO, told DeSmog. Barclays Bank.
COP28 Climate Summit President Sultan Ahmed al Jaber has called for a tripling of clean energy generation by 2030 and a doubling of low-carbon hydrogen capacity by 2030, as he used his first address since being appointed to lead this year's global climate talks to promise a "COP of action". target within reach. "We
Among its various demands, Extinction Rebellion is calling on the government introduce an immediate ban on new fossilfuelinvestments, arguing the move would help the world stay within the Paris Agreement's 1.5 warming limit. That makes the government's emissions targets a sham," he said.
Iberdrola helps run an annual cycle ride to UN climate summits backed by the International Energy Agency, which recently called for an end to new fossilfuel developments if the Paris Agreement goals are to be met. Before lauding their green credentials and using cheap gimmicks, how about not investing in new fossilfuel plants?”.
The sector is also a heavy user of fossilfuels, including to produce synthetic fertilisers, which are a major source of nitrous oxide, a potent greenhouse gas. Agriculture is the leading driver of the potent greenhouse gas methane, which is responsible for a third of human-caused warming to date.
Graham Stuart MP was listed as a keynote speaker on Tuesday at the four-day Global Investment in Sustainable Development conference in London, hosted by the CC Forum, a company which touts itself as the “green Davos”. Lord Wei is scheduled to speak on a panel called “Are FossilFuels Regaining Their Grounds?
The event will host energy ecosystem stakeholders to unpack the industry’s priorities including its strategic roadmaps, visionary reforms, low cost capital investments and breakthrough technologies for building India’s long term self-reliance in energy.
Contractors would not risk investing in the workers to undertake the scheme, having had their fingers burned by previous schemes such as the Green New Deal. Today there are only 950 accredited heat pump installers, compared to 96,000 installers of fossilfuel systems, primarily gas boilers.
degrees C target was initially established as a target in Paris in 2015 after a push by developing nations at a previous COP, to bring attention to the fact that global warming does not impact all nations equally. For context, it has taken the world more than a century to warm a little more than 1 degree C, according to NASA.
Statements to Parliament do send a market signal, but the sharpest call would be a statement in the marketplace: that the BoE will no longer purchase stocks connected with fossilfuels, starting with coal. gears up to host the next round of COP climate talks in Glasgow, which may be the first COP to run ‘coal free.’
All four companies have "ambitious and credible climate action plans" to drive down their emissions in line with climate science, and will "support the delivery of a successful and ambitious COP next November", the government said today.
This is the first COP where participants found themselves face-to-face with the reality of breaching the 1.5 The final wording of the COP28 agreement – which required consensus among all nations and the chair – codified a commitment to transition away from fossilfuels in energy systems. But all was not lost.
Before investing in a given carbon offset program, you need to ensure the scheme is robust and verified to the highest international standards. This increase will push out alternative, fossil-fuel-powered energy sources, supporting a much-needed energy evolution as fossil-fuel reserves begin to deplete.
The Task Force put out a statement yesterday calling for “responsible investment” in the UK’s oil and gas industry, which it said would “play a vital role in helping the UK to achieve net zero by 2050” by avoiding the import of higher-emission oil and liquified natural gas (LNG) from abroad. As the COP host, the U.K.
Dr Danial Sturge, Energy Systems Catapult's carbon policy practice manager, said policies that drive net zero-focused investment and innovation should be at the heart of the forthcoming Net Zero Strategy, a policy document expected before the COP26 climate talks in November.
COP26 has seen fossilfuels mentioned for the first time in a UNFCCC cover text and the launch of a pioneering alliance of governments committed to phasing out oil and gas production. The final days of the COP26 Climate Summit has seen fossilfuels take something of a shellacking.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content