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GB News Owner’s Hedge Fund Has $2.2 Billion Fossil Fuel Investments

DeSmogBlog

This news comes after former prime minister Boris Johnson was announced as a new presenter on the television broadcaster on Friday. An investigation by DeSmog in May found that one in three GB News presenters had spread climate science denial on air in 2022, while more than half had attacked climate action. billion (£1.8

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UK’s £22 Billion Carbon Capture Pledge Follows Surge in Lobbying by Fossil Fuel Industry, Records Show

DeSmogBlog

The UK government’s move to award £22 billion in subsidies to carbon capture projects followed a sharp increase in lobbying by the fossil fuel industry, DeSmog can reveal. Meanwhile, lobby group the Carbon Capture and Storage Association (CCSA) — which represents dozens of fossil fuel companies — attended 20 meetings, and Equinor 16.

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Grid + renewables spend hikes beyond fossil fuels

Smart Energy International

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 fossil fuels.

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The world came tantalizingly close to a deal to phase out fossil fuels

The Verge: Energy

The beginning of the end for fossil fuels? This text is a step forward on our path towards phasing out fossil fuels, but is not the historic decision we hoped for.” More than 100 countries came to the table pushing for an official agreement to “phase out fossil fuels.”

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Trade body urges industry to prepare for heat pumps demand

Envirotec Magazine

The BUS offers a grant of up to £5,000 for heating installers and households to replace traditional fossil fuel-powered boilers with more efficient, low-carbon alternatives, including air and ground source heat pumps.

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Fossil Fuel-Linked Companies Dominate Sponsorship of COP27

DeSmogBlog

The findings underscore concerns over the role of the fossil fuel 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 fossil fuels, phasing them out,” Sabido told DeSmog. Social license.

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'Out-of-control financial collapse': Fossil fuel market crash could cost UK £674bn

Business Green

Campaign group One for One warn fossil fuels should be viewed as the highest risk class of assets and urges government to tighten financial regulations to avert risk of a financial crash. The One for One rule will ensure that banks making high-risk fossil fuel investments shoulder that risk themselves," she added. "It