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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.
Nigel Farage ’s Reform party received £135,000 this year from donors linked to climate science denial and fossilfuels, DeSmog can reveal. Reform UK , formerly the Brexit Party, is a vocal critic of climate action, and last year called for a referendum on the UK’s net zero policies. billion invested in fossilfuels.
. | 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.
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
The self-styled PopCons included politicians critical of climate policies and science, including Lord Frost, who is a director of the climate science denial GlobalWarmingPolicy Foundation , as well as Conservative MP Lee Anderson and Reform party president Nigel Farage.
The firm is owned by Terence Mordaunt , a director and former chair of the GlobalWarmingPolicy 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
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. Pursue policies, regulations and RD&D to stimulate the market. Start with heat.
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. However, her support for the policy has waned in more recent times. million from senior figures at the GWPF.
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
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.”
French oil giant Total knew that its fossilfuel extraction could contribute to globalwarming as early as 1971 but stayed silent about it until 1988, according to a new study. In 2018, 89 percent of global carbon dioxide emissions came from fossilfuels and industry. Fifty Years Ago’.
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 GlobalWarmingPolicy Foundation did not respond to a request for comment. .
Bank considering introducing stronger limits on its fossilfuel investments as it faces growing pressure from shareholders. Barclays is gearing up to introduce stricter climate change policies that would further limit its investments in fossilfuels, following growing pressure from the bank's shareholders, according to reports.
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 report examines the sources of global emissions, explains developments in emissions reduction and mitigation efforts and assesses the impact of national climate pledges. One of the report’s key findings is that limiting globalwarming will require major transitions in the energy sector. Climate change policy.
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. Policy Exchange received $30,000 from the oil and gas supermajor ExxonMobil in 2017.
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.
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
Net Zero Festival: Leading figures from IEA, Carbon Tracker and Ceres unite in calls for more ambitious government action to shift away from fossilfuels. Campanale was optimistic that if such board-level activity grows across the high-carbon sectors, the fossilfuel industry would start to feel the economic pressure.
Companies around the world call on G20 leaders to ramp up climate commitments in 'most ambitious' call for policy action yet from businesses. Described as "the biggest and most ambitious call for policy action from business that we've seen", the letter has won the backing of businesses representing over £1.8tr in revenue and 8.5
The UK's export credit agency could support up to 42,000 jobs around the UK by 2035 if it switches it support for overseas fossilfuel projects to renewables and clean energy infrastructure, according to a major new analysis from Vivid Economics.
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.
Just 13 financial players out of hundreds assessed from around the world have restrictions in place against funding oil and gas industry expansion, according to the Oil and Gas Policy Tracker. New funding for fossilfuels is delusional,” Guterres said on June 14. New funding for fossilfuels is delusional.
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.
(The study also noted that a handful of countries — including Pakistan, Turkey, and Vietnam — had set unusually high emissions targets that would be reachable without any new policy initiatives and do little to reduce warming.). The new study also adds to the growing consensus that limiting warming to 1.5
By Paasha Mahdavi and Andrew Howell At the UNs annual climate conference, held last month in Azerbaijan, world leaders took the stage to promise a bold transition away from fossilfuels. Methane is a potent greenhouse gas, responsible for about a third of the globalwarming we are experiencing today.
New tool designed to help civil society and investors scrutinise the mismatch between national climate goals and energy policies. Developed by influential financial think tank Carbon Tracker and Global Energy Monitor, the registry reveals that producing and burning all the world's reserves of oil and gas would yield more than 3.5
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.
“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. It is what science tells us will result from our current energy policies.”.
Solar panels alone generate more electricity globally than the entire US power sector does today. That’s the picture the International Energy Agency (IEA) paints in the World Energy Outlook it published today, which is based on governments’ current energy policies. degrees of globalwarming this century.
This article by Common Dreams is published here as part of the global journalism collaboration Covering Climate Now. The world’s 60 biggest banks funded fossilfuels to the tune of $6.9 banks provided 30 percent of total fossilfuel finance, the largest share of any country. billion, $396.3 billion, and $333.2
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.
Since 2015, Stringer has been a director of the GlobalWarmingPolicy Foundation , a group founded to contradict established climate science and advocate against policies to limit greenhouse gas emissions. Stringer has vocally questioned climate science and policies to achieve net zero emissions.
Neil Record , a millionaire Tory donor and founder of the investment firm Record Financial Group, is chair of Net Zero Watch (NZW), the campaign arm of the GlobalWarmingPolicy Foundation (GWPF). The IEA has opposed state-led climate policies and has advocated for more fossilfuel extraction.
The GlobalWarmingPolicy Foundation (GWPF) was founded by Margaret Thatcher’s former Chancellor Nigel Lawson in 2009 in order to combat what it describes as “extremely damaging and harmful policies” designed to mitigate climate change. to “drill baby drill” for more fossilfuels.
Tom Tugendhat, who is running to be Conservative Party leader, recently called the UK’s 2050 net zero emissions target “not realistic” and has received donations from Tory peers with fossilfuel interests and a history of funding climate science denial. Tugendhat, Lord Spencer, and Lord Hintze were all approached 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.
The recent IPCC Report confirms that globalwarming is picking up pace. They straddle climate change, the role of biomass energy, greenhouse gas emissions from different oil feedstocks, policies towards slashing emissions in transport, buildings and infrastructure, and the interactions between climate change and human health.
Reform UK leader Nigel Farage , who is a vocal critic of green policies and climate science, is standing in a constituency threatened by rising sea levels and flooding due to globalwarming. However, Farage is actively campaigning to scrap the green policies that may help to limit local flooding.
As global temperatures rise from the burning of fossilfuels, researchers and policymakers have proposed solutions like installing renewable energy, replacing gasoline-powered cars with electric ones, and developing technology to suck carbon out of the air.
A new campaign is calling on MPs to break the fossilfuel sector’s “chokehold” on politics in a critical election year. The message forms the name of the campaign by Climate Resistance, a new collective that aims “to push the fossilfuel lobby out of Westminster and stop polluters from bankrolling political parties”.
Reform campaigns to “scrap all of net zero” and last year received £135,000 from donors who deny climate science or have business links to fossilfuels. Anderson has repeatedly attacked the government’s net zero policies, arguing in February 2024 that a net zero UK “wouldn’t make a blind bit of difference to the earth’s atmosphere”.
Although it doesn’t get enough attention, the two major parties — the Conservatives and Labour — have chosen climate change and, in particular, fossilfuel production in the North Sea as a clear political dividing line for the electorate. million in donations from big polluters and those with direct links to fossilfuel production.
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