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The report projects a rapid shift in the global energy mix, with the share of renewables in global power generation expected to double in the next 15 years while total fossilfuel demand is projected to peak before 2030, depending on the scenario. C by 2100, and reaching a 1.5°C C pathway is increasingly challenging.
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.
. | Photographer: Krisztian Bocsi / Bloomberg via Getty Images More than 130 companies, including Volvo Cars, Ikea, Unilever, Nestlé, and AstraZeneca, signed a letter calling on governments to adopt a global plan to phase out fossilfuels without carbon capture during upcoming international climate negotiations.
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.
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
Food systems are responsible for at least 15 percent of all globalfossilfuel consumption, according to a major report launched ahead of the COP28 climate summit. carbon budget, an estimate of the maximum amount of carbon dioxide emissions that can be emitted before tipping the planet into dangerous levels of global heating.
The self-styled PopCons included politicians critical of climate policies and science, including Lord Frost, who is a director of the climate science denial GlobalWarming Policy Foundation , as well as Conservative MP Lee Anderson and Reform party president Nigel Farage. The policy was ditched by her successor Rishi Sunak.)
The firm is owned by Terence Mordaunt , a director and former chair of the GlobalWarming Policy Foundation (GWPF), the UK’s leading climate science denial group. Hosking previously told DeSmog: “I do not have millions in fossilfuels; it is the clients of Hosking Partners who are the beneficiaries of these investments.”
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
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.
The beginning of the end for fossilfuels? This text is a step forward on our path towards phasing out fossilfuels, 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 fossilfuels.”
Nations have moved too slowly to curb climate change, and now must take swift and aggressive steps if they hope to avoid the worst impacts of globalwarming, the world’s top scientists warned on Monday. degrees Fahrenheit) of warming. degrees C and potentially past 2 degrees C of warming. degrees Celsius (2.7
Those processes use a lot of energy and largely come from fossilfuels; one-third of U.S. To achieve net-zero economy-wide emissions by 2050 and limit globalwarming, industrial emissions must drop while still meeting societal needs. greenhouse gas emissions come from industry. Start with heat. Contributors. Ed Rightor.
While a century of fire suppression and other land management choices contribute to the severity, climate change is a key factor fueling these fires, roughly doubling the acreage burned over the last 40 years. It’s hard to draw a direct line between globalwarming and wildfires. We just don’t know yet.”
A new study of 3,000 power companies across the globe has found that only a handful have been cutting their fossilfuel capacity over the last two decades. Much of the new renewable capacity being built around the world is being offset by new coal and gas capacity, leaving the global generation mix more or less how it was in 2000.
The event aims to bring together policymakers and liquified natural gas (LNG), natural gas, and hydrogen players to explore new avenues for fossilfuel expansion. The post ‘They’re Destroying Our Coastline’: Activists at the Americas Energy Summit Protest FossilFuel Expansion appeared first on DeSmog.
A board member of a new MP-backed ‘Net Zero Watch’ campaign group has said today that “globalwarming is not a problem”, defended burning fossilfuels, and said carbon dioxide’s “principal effect” is the growth of plants. Net Zero Watch and the GlobalWarming Policy Foundation did not respond to a request for comment. .
Scientists believe that stabilising our warming world’s temperature at 1.5C Fossilfuels such as coal, oil and natural gas are the source of just over 80% of the world’s energy. To avert catastrophic warming, the global community must rapidly reduce how much of these fuels it extracts and burns.
The UK organisers of the upcoming COP26 climate summit have come under fire for approving just two events that refer to fossilfuels, the primary driver of climate change, in a programme of public events happening alongside the main conference. In 2018, 89 percent of global carbon dioxide emissions came from fossilfuels and industry.
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.”
And what’s turning the tap more open, making the warming pick up speed, is an increase in greenhouse gases carbon dioxide and methane which are both still rising, largely from the fossilfuel industry, he said. The oceans really set the pace for globalwarming for the Earth as a whole, Merchant said.
The gulf between Equinors public claims and Sleipners actual performance underscores concerns among climate advocates that the oil industry is hyping the potential of carbon capture as a climate solution to deflect pressure to cut production of fossilfuels. The project is mostly financed by $1.2
Government export finance agency's ongoing support of oil and gas projects overseas is harming the environment, tarnishing the UK’s reputation as a climate leader, and limiting its potential to create jobs, according to a new analysis published today.
Production Gap report reveals governments still plan to produce more than double the amount of fossilfuels in 2030 than is consistent with limiting globalwarming to 1.5C. This is what climate ambition looks like.".
The world's top diplomat used a speech today at the UN headquarters in New York City to deliver a characteristically stark warning of the impending climate and biodiversity crises facing the world, noting globalwarming risks "hurtling past" the 1.5C We need a renewables revolution, not a self-destructive fossilfuel resurgence."
The former MP for Hitchin and Harpenden was until last year a trustee of the GlobalWarming Policy Foundation (GWPF) , a group founded by former Conservative chancellor and climate science denier, Lord Nigel Lawson , to combat what it described as “extremely damaging and harmful” climate policies. Lilley has been contacted for comment.
Fossilfuels are everywhere at this COP except in the decisions being negotiated by governments,” Nikki Reisch, the director of climate and energy at the Center for International Environmental Law, wrote to DeSmog from Glasgow. Oil Majors Show up in Disguise.
They are just some of the countries in which Europe-headquartered fossilfuel companies stand convicted or credibly accused of criminal, civil, or administrative offences. The history of fossilfuels is a litany of criminal accusations, from corruption and bribery to human rights violations and even complicity in war crimes.
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. . JPMorgan financed £230 billion in fossilfuels between 2016 and 2020. billion in 2020.
During the negotiations, Johnson hailed “significant steps made to consign coal to the history books” and praised the resulting Glasgow Agreement for being the “first ever international agreement to phase down coal and a roadmap to limit globalwarming to 1.5 degrees Celsius above pre-industrial levels”. Adani Group did not respond.
A global coalition of NGOs has this week written to many of the world's largest banks, including HSBC, Morgan Stanley and Bank of America, urging them to restrict their financing of fossilfuel projects in order to align with the recently strengthened membership criteria of the UN-backed Race to Zero campaign.
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 report published on 26 August by an independent group of experts warns that reaching net zero greenhouse gas emissions by 2050 is now “too little too late”, and will not achieve the long-term temperature goals identified in the Paris Agreement to limit globalwarming to 1.5°C C by the end of the century.
Letter from 50 campaign groups urges government to heed recent advice of International Energy Agency that growing fossilfuel supply is incompatible with a 1.5C The court ruling was hailed by climate campaigners as a watershed moment that could potentialy pave the way for other climate litigation against major fossilfuel firms.
Individuals and entities linked to climate denial, fossilfuels and high pollution industries donated more than £3.5 This revelation comes on the government’s supposed ‘green day’, when it has announced a long list of policies on energy and the transition to net zero. million to the party, which had an income of £31.7
Rising emissions posed a threat to Exxon’s business — selling fossilfuels — so the oil giant took the lead on understanding what was called the “CO2 problem.”. At the time, Exxon was pouring $900,000 a year into researching the effects of burning fossilfuels. Grist / Jessie Blaeser.
Over 600 businesses including Unilever, Netflix, and Volvo Cars have signed an open letter urging world leaders to strengthen short and long term climate targets, end support for fossilfuels, and ramp up climate finance ahead of crunch talks at the G20 and COP26 summits this autumn.
The world's first public database tracking fossilfuel production, reserves, and emissions has officially launched this morning, in a bid to foster more transparency around fossilfuel production, national energy policies, and stranded asset risks.
“Investing in new fossilfuel infrastructure is moral and economic madness,” UN Secretary-General António Guterres said as the Intergovernmental Panel on Climate Change (IPCC) released part of its latest report on Monday. Such investments will soon be stranded assets, a blot on the landscape, and a blight on investment portfolios.”.
In June, the Canadian Parliament passed new amendments to the country’s Competition Act, which governs competition between businesses to protect Canadian consumers, by adding a new provision regulating environmental claims in advertising. Local governments have taken steps to raise awareness about the dangers of fossilfuels in other ways.
Institutions from 11 countries have joined rapidly-growing fossilfuel divestment movement, Operation Noah confirms. The globalfossilfuel divestment movement has been given a boost today, after three dozen faith institutions from 11 countries announced they would sell their shares in coal, oil, and gas companies.
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.
Nearly two thirds of social media posts put out by six major European fossilfuel and energy companies since the end of 2019 present a “green” image of the company, despite the majority of their business activity remaining in fossilfuels, reveals new analysis by Desmog.
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