IEA: Global clean energy investment 'significantly' outpacing fossil fuel spending
GreenBiz
MAY 26, 2023
Investment in clean energy is gaining momentum but is still off the pace required to meet the 1.5 Celsius goal, according to a new IEA report.
Clean energy investments have taken off and are leaving fossil fuels behind
Hydrogen Fuel News
SEPTEMBER 7, 2024
In fact, some predictions expect investing will into low-CO2 power be nearly twice that in fossil fuel Worldwide spending on clean energy infrastructure and tech is currently aligned to reach $2 trillion by the close of this year, even as new projects face challenges due to higher financing costs.
Fossil fuels 
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More than three-quarters of UK universities join fossil fuel pledge, say activists
The Guardian: Energy
DECEMBER 2, 2024
Move to exclude fossil fuel firms from investment portfolios follows years of campaigning by staff and students More than three-quarters of UK universities have pledged to exclude fossil fuel companies from their investment portfolios, according to campaigners.
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2020: Fossil fuels are dead, long live the sun
GreenBiz
AUGUST 13, 2020
2020: Fossil fuels are dead, long live the sun. In this strangest of all years, as the death toll mounts from a disease caused by human incursions into once intact ecosystems, we’re observing another death — the demise of fossil fuels. Hunter Lovins. Thu, 08/13/2020 - 00:15. Is that possible? What happened?
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Harvard University pledges to divest from fossil fuels
Inhabitat - Innovation
SEPTEMBER 13, 2021
Harvard University president Lawrence Bacow has announced that the institution will divest from its fossil fuel holdings. The announcement came Tuesday, stating that the institution has already been cutting its investments in fossil fuels.
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GB News Owner’s Hedge Fund Has $2.2 Billion Fossil Fuel Investments
DeSmogBlog
OCTOBER 30, 2023
Paul Marshall is the chairman and chief investment officer of Marshall Wace, a London-based hedge fund that he co-founded in 1997. Marshall Wace is now one of the world’s largest hedge funds – an investment vehicle that bets on rising and falling share prices – with around $63 billion (£51.9 billion) in fossil fuel firms.
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Private equity firms ploughing billions into fossil fuels, analysis reveals
The Guardian: Energy
OCTOBER 1, 2024
US public sector workers’ retirement savings invested in projects that pump out a billion tonnes of emissions a year Private equity firms are using US public sector workers’ retirement savings to fund fossil fuel projects pumping more than a billion tonnes of greenhouse gas emissions into the atmosphere every year, according to an analysis.
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Harvard's decision to ditch fossil fuel investments reflects changing realities
GreenBiz
OCTOBER 4, 2021
Students had demanded for years that the university divest from fossil fuels. What happens next?
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Renewables Investments This Year Set to Outpace Fossil Fuel, Says Report
Solar Industry
JUNE 6, 2024
Global investment in clean energy is on track to reach nearly double the amount going to fossil fuels in 2024, according to the IEA ’s latest annual World Energy Investment report. This year, sector investment is expected to grow to $500 billion. Europe and the U.S.
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UK COP29 ‘Partners’ Include Firm With Hundreds of Fossil Fuel Clients
DeSmogBlog
NOVEMBER 7, 2024
However, AVEVA has boasted on its website that its software has also been used to help fossil fuel companies to extract more oil and gas. AVEVA has also worked for some of the world’s largest and highest-emitting fossil fuel companies, including: Shell , ExxonMobil , BP , Chevron , and the Abu Dhabi National Oil Company (Adnoc).
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Investment in clean energy likely to be double figure for fossil fuels in 2024, IEA says
The Guardian: Energy
JUNE 5, 2024
Low-carbon electricity investment driven by solar projects but oil and gas spending still too high to meet climate goals Global investment in low-carbon electricity will rise to 10 times as much as fossil fuel power this year due to an increase in spending on solar projects, according to the International Energy Agency.
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Companies still investing too much in fossil fuels, global energy watchdog says
The Guardian: Energy
NOVEMBER 22, 2023
Head of International Energy Agency says the industry faces a ‘moment of truth’ as Cop28 talks approach Fossil fuel companies are investing twice as much in oil and gas as they should if the world hopes to limit rising global temperatures to avert a climate catastrophe, according to the International Energy Agency (IEA).
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Solar investment overtakes oil for first time as renewables chase down fossil fuels
Renew Economy
MAY 25, 2023
Investment in solar to overtakes oil for first time as world accelerates switch to renewables and fossil fuel companies pocket their super profits. The post Solar investment overtakes oil for first time as renewables chase down fossil fuels appeared first on RenewEconomy.
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California Pension Funds Have Billions Invested in Fossil Fuel Companies Named in State’s Lawsuit
DeSmogBlog
OCTOBER 12, 2023
Over the past month and a half month, California lawmakers have enacted a pair of climate disclosure bills and endorsed a global call to end the fossil fuel era. billion invested in Chevron, BP, ExxonMobil, ConocoPhillips, and Shell, a new analysis from Stand.earth and Climate Safe Pensions Network has found. “It
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Private equity, like banks, pours money into fossil fuel companies
Impact Alpha
SEPTEMBER 30, 2024
It’s not just global banks doubling down on carbon-emitting fuels. The post Private equity, like banks, pours money into fossil fuel companies appeared first on ImpactAlpha. Private equity, an opaque corner of the financial industry that oversees more than.
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WisdomTree Hit with $4 Million Penalty for Misleading Investors on Fossil Fuel Holdings
DeSmogBlog
OCTOBER 25, 2024
The Securities and Exchange Commission (SEC) this week fired a shot over the bow at Wall Street companies that promise to help investors avoid putting their money into fossil fuels and tobacco — but steer funds towards those companies anyway. WisdomTree did not respond to a request for comment from DeSmog. WisdomTree is hardly alone.
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Investments in fossil fuels continues to be enormous
Energy Central
MAY 13, 2024
There's increasing focus on ESG and responsible investing in clean technology. Investment levels in fossil fuel companies remain robust, and that includes investments in mergers & acquisitions and expansion activities. Yet it appears that the world's biggest banks talk a a better game than they deliver.
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Hospitals Are Investing Billions of Dollars in Fossil Fuels, Report Reveals
DeSmogBlog
APRIL 26, 2023
Major hospital systems and medical institutions in the United States are betraying their oath to “first do no harm” through their investments in the fossil fuel sector, warns a new report from a campaign advocating for fossil fuel divestment in healthcare. private hospital systems.
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Clean energy investment tops $US1 trillion, sits neck and neck with fossil fuels
Renew Economy
JANUARY 30, 2023
Bloomberg New energy Finance says investment in low carbon energy has hit a new high – and for the first time reached parity with capital invested in fossil fuels. The post Clean energy investment tops $US1 trillion, sits neck and neck with fossil fuels appeared first on RenewEconomy.
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G20 nations subsidized $3 trillion in fossil fuels since Paris agreement
Inhabitat - Innovation
JULY 22, 2021
Despite promises, G20 nations continue to invest in fossil fuels amid the climate crisis.
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Public Pension Funds Have Lost Billions on Their Fossil Fuel Investments: New Analysis
DeSmogBlog
JUNE 27, 2023
public pension funds would have been about 13 percent higher had they divested from fossil fuel holdings ten years ago – equivalent to around $21 million in earnings. without the fossil fuel holdings. without the fossil fuel holdings. billion at the end of 2022, they would have been worth $424.6
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Fossil fuel firms forcing countries to compensate them, Mary Robinson says
The Guardian: Energy
MAY 14, 2024
Former Irish president and Ban Ki-moon say fossil lobbying is hampering climate progress Fossil fuel companies are forcing governments to compensate them for lost earnings in the transition to a low-carbon global economy, and destroying the world’s ability to counter their harmful activities , former top UN officials have warned.
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Chart: Clean energy set to attract double investment spent on fossil fuels
Canary Media
JUNE 14, 2024
In 2024, about $2 trillion will be invested in clean energy projects — a first for the rapidly expanding sector. The amount is nearly double what will be invested in oil, coal, and gas this year, according to the International Energy Agency’s new report “World Energy Investment 2024.” Since 2015, the ratio of…
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Leading ‘Sustainable’ Investment Funds Backing Fossil Fuels, Research Finds
DeSmogBlog
NOVEMBER 29, 2022
Major investment funds available to UK consumers are marketing themselves as “sustainable” and “ethical” while financing fossil fuel companies, research has found. The fund with the most fossil fuel-linked holdings in its portfolio was iShares Dow Jones Global Sustainability Screened. Fuelling the Fire’.
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Grid + renewables spend hikes beyond fossil fuels
Smart Energy International
JUNE 7, 2024
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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Cop29 host Azerbaijan seeks $1bn from fossil fuel producers for climate fund
The Guardian: Energy
JULY 20, 2024
Countries and companies involved in oil and gas extraction to be asked to join scheme aimed at tackling global heating Fossil-fuel producing countries and companies are being asked to pay into a new international fund to help poor countries cope with the effects of the climate crisis.
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The European Investment Bank Has Quit Fossil Fuels. Now What?
GreenTechMedia
DECEMBER 6, 2019
billion), the European Investment Bank is one of the sector’s biggest lenders. And for every euro the EIB puts into a project or business, around seven more are invested by the private sector. According to the International Energy Agency, global renewables investment in 2018 amounted to $300 billion. billion ($14.9
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Mapped: The Tory Network of Climate Denial and Fossil Fuel Funding
DeSmogBlog
JUNE 12, 2024
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 fossil fuel projects, approving more than 100 new North Sea oil and gas licences. This comes as DeSmog and Democracy for Sale reveal that £6.8 percent (£1.8
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Governments Spending $7 Trillion Annually To Subsidize Fossil Fuels
Energy Central
NOVEMBER 15, 2024
The call is for dedicating $1 trillion US annually to fight global warming with much of it coming in the form of grants and investments from the richest countries, business organizations and billionaires. The richest countries and the fossil fuel industries they.
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Students find obscure law that could make university fossil fuel investments illegal
Grist
MARCH 22, 2021
College students fighting to get their schools to stop investing in fossil fuels have stumbled on a new idea that could bring fresh attention to their cause: Those investments might be illegal. And our hope is that this sends a powerful signal to other institutions about what investments are acceptable.”.
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New Report Issues Damning Verdict on Food’s Fossil Fuel Addiction
DeSmogBlog
NOVEMBER 2, 2023
Food systems are responsible for at least 15 percent of all global fossil fuel consumption, according to a major report launched ahead of the COP28 climate summit. Its authors found that even if governments delivered on their 2030 climate pledges, by 2037 food-related fossil fuel use alone would blow the remaining portion of the 1.5C
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Fossil Fuel Lobbyists and Major Polluters to Sponsor Labour Conference Events
DeSmogBlog
SEPTEMBER 4, 2024
These include the controversial energy company Drax , the fossil fuel lobby group Offshore Energies UK , and the gas company Cadent. OEUK is the “leading representative body” for the country’s oil and gas industry, while its members include some of the world’s largest fossil fuel companies, such as Shell, ExxonMobil, and Equinor.
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Global Renewables Investment Return 7 Times Higher Than Fossil Fuels
Forbes Green Tech
MARCH 19, 2021
New research proves massively increased return for investment in renewables over fossil fuels. trillion annual investment in low carbon energy, this can only be a positive for achieving climate goals. With 2050 targets requiring $4.4
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UK’s £22 Billion Carbon Capture Pledge Follows Surge in Lobbying by Fossil Fuel Industry, Records Show
DeSmogBlog
OCTOBER 7, 2024
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. Others engaging regularly with ministers on CCS policy include heavy manufacturing companies, CCS technology firms, lobby groups, and investment funds.
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The world is reducing its reliance on fossil fuels – except for in three key sectors
The Guardian: Energy
FEBRUARY 9, 2024
Record levels of investment in clean energy (solar has been called the cheapest source of electricity in history by the International Energy Agency) and a decline in coal-powered generation means less and less of the world’s power will come from fossil fuels between now and 2050, the analysis from Rhodium shows.
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New York state divests from fossil fuels in historic move
Inhabitat - Innovation
DECEMBER 10, 2020
The retirement contributions of New York state workers will no longer be invested in fossil fuels.
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How oil barons and right-wing billionaires are manipulating the free market to extend fossil fuels
Impact Alpha
JULY 15, 2024
The post How oil barons and right-wing billionaires are manipulating the free market to extend fossil fuels appeared first on ImpactAlpha. The House Judiciary Committee has delivered a clear message to the free market: shut up about climate change or pay the price.
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University of Oxford accused of 'almost doubling' fossil fuel investment between 2021 and 2022
Business Green
FEBRUARY 13, 2024
University of Oxford endowment fund increased investment in fossil fuels between 2021 and 2022, campaigners claim
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Nigel Farage’s Reform Party Took £135,000 from Climate Science Deniers and Fossil Fuel Interests
DeSmogBlog
NOVEMBER 17, 2023
Nigel Farage ’s Reform party received £135,000 this year from donors linked to climate science denial and fossil fuels, 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 fossil fuel interests.
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New fossil fuel projects ‘very unwise economic risk’ says global energy chief
The Guardian: Energy
SEPTEMBER 14, 2023
Fatih Birol, head of International Energy Agency, says countries planning expansion are ‘misjudging market trends’ Countries and companies planning to expand their fossil fuel production are taking “very unhealthy and unwise economic risks” as their investments may not be profitable, the world’s foremost energy adviser has warned.
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Study: Green government investments drive quicker and bigger rewards than spending on fossil fuels
Business Green
JUNE 17, 2022
University of Oxford academics argue investments in fossil fuels in response to energy crunch will have a smaller economic and energy security impact than those in energy efficiency and clean energy infrastructure. Gas investment can be significantly slower.". Energy efficiency and green energy measures are much faster.
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Revealed: Fossil Fuel Giants Have Committed £41 Million to UK Universities Since 2022
DeSmogBlog
OCTOBER 4, 2023
Major fossil fuel firms have committed tens of millions in finance to UK universities since 2022, DeSmog can reveal. Previous reporting from openDemocracy and the Guardian found that, between 2017 and December 2021, £89 million had been given to UK universities from some of the world’s biggest fossil fuel companies.
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UK pension funds have £88bn invested in fossil fuel firms, research finds
Business Green
JUNE 28, 2023
Pensions sector accused of 'aiding and abetting' fossil fuel expansion, as fresh research reveals average UK pension holder has £3,000 invested in fossil fuels
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Reuters, New York Times Top List of Fossil Fuel Industry’s Media Enablers
DeSmogBlog
DECEMBER 5, 2023
According to Saudi Aramco’s podcast, the fossil fuel industry is innovating new climate solutions, and BP’s podcast proclaims more of the same. Darren Woods, the CEO of Exxon, celebrates the potential of carbon capture to dramatically reduce global emissions. and Europe.
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