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fossil fuels
World’s fossil-fuel producers on track to nearly quadruple output from newly approved projects by decade’s end, report finds
At a time when we need to shift our collective climate action up a gear, the influence of the fossil fuels lobby is succeeding in slowing down ambition both at COP27 and in the EU.
New path to transition away from fossil fuels marred by lack of finance and loopholes COP28 in Dubai sends an important signal on the end of fossil fuels but leaves more questions than answers on how to ensure a fair and funded transition that is based on science and equity
Exclusive: UAE’s Sultan Al Jaber says phase-out of coal, oil and gas would take world ‘back into caves’
Hundreds of students and graduates vow not to work for ‘climate wreckers that insure those responsible for the climate crisis’
Pie-in-the-sky fantasies of carbon capture and geoengineering are a way for decision-makers to delay taking real action
Fossil fuel companies that want a free pass to keep pumping oil and gas are making wildly unrealistic promises about 'capturing' their emissions at sites of pollution, or removing them from the atmosphere at later date. But the science says drastic emission cuts are needed now if we are to stay within 1.5ºC warming. Thus ‘net zero’ policies are in reality 'not zero', and effectively guarantee that we’ll overshoot 1.5ºC, triggering catastrophic climate impacts which we have no reason to believe can be reversed by speculative and unproven ‘carbon removal’ technologies.
Governments must close gap between net zero rhetoric and reality, says International Energy Agency head
Shane White from www.worldenergydata.org has put together three very useful charts breaking down coal, oil and gas extraction by nation.
Semafor launched last week with the goal of “reinventing the news story.” The news story needs reinventing, they say, because people can no longer tell the difference between unbiased fact and opinion. According to the Observer, Semafor has already raised more than $25 million, the majority of which is coming from eight corporate sponsors who want to help the news outlet address distrust in media. One of those sponsors appears to be Chevron, the second biggest climate-polluting company in the world.
The European Union is embarking on an experiment that will expand its climate policies to imports for the first time. It’s called a carbon border adjustment, and it aims to level the playing field for the EU’s domestic producers by taxing energy-intensive imports like steel and cement that are high in greenhouse gas emissions but aren’t already covered by climate policies in their home countries.
The World Health Organization (WHO) and almost 200 other health associations have made an unprecedented call for a global fossil fuel non-proliferation treaty. A call to action published on Wednesday, urges governments to agree a legally binding plan to phase out fossil fuel exploration and production, similar to the framework convention on tobacco, which was negotiated under the WHO’s auspices in 2003. “The modern addiction to fossil fuels is not just an act of environmental vandalism. From the health perspective, it is an act of self-sabotage,” said the WHO president, Dr Tedros Adhanom Ghebreyesus.
US and UK financial institutions have been among the leading investors in Russian “carbon bomb” fossil fuel projects, according to a new database of holdings from recent years.
Thirty years ago, a bold plan was cooked up to spread doubt and persuade the public that climate change was not a problem. The little-known meeting - between some of America's biggest industrial players and a PR genius - forged a devastatingly successful strategy that endured for years, and the consequences of which are all around us.
Nuclear energy is too expensive to be considered an option to help Australia reduce its carbon emissions, at least in the next decade, according to the latest report by the CSIRO.
Strong climate action could wipe $756bn from individuals’ pension funds and other investments in rich countries
Coal plants will be reactivated if Russian President Vladimir Putin threatens a gas cutoff, a government official said. That would trigger the second of a three-stage Germany’s gas emergency plan.
Exclusive: Nearly half existing facilities will need to close prematurely to limit heating to 1.5C, scientists say
When people talk about ways to slow climate change, they often mention trees, and for good reason. Forests take up a large amount of the planet-warming carbon dioxide that people put into the atmosphere when they burn fossil fuels. But will trees keep up that pace as global temperatures rise? With companies increasingly investing in forests as offsets, saying it cancels out their continuing greenhouse gas emissions, that’s a multibillion-dollar question.
The world’s leading energy economist has warned against investing in large new oil and gas developments, which would have little impact on the current energy crisis and soaring fuel prices but spell devastation to the planet.
Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns
If not slowed, climate change over the next few centuries could lead to marine losses unlike anything Earth has seen in 252 million years, says a new study.
Just 20 companies are responsible for 35% of carbon emissions yet they continue to ignore calls for change
Lucrative pay and share options have created an incentive for oil company executives to resist climate action, according to a study that casts doubt on recent net-zero commitments by BP and Shell. Compensation packages for CEOs, often in excess of $10m (£7.2m), are linked to continued extraction of fossil fuels, exploration of new fields and the promotion of strong market demand through advertising, lobbying and government subsidies, the report says.
Russia has nearly doubled its revenues from selling fossil fuels to the EU during the two months of war in Ukraine, benefiting from soaring prices even as volumes have been reduced.
That same day, oil giant ExxonMobil made an announcement of its own: a $10 billion final investment decision for an oil and gas development project in the South American nation of Guyana that the company said would allow it to add a quarter of a million barrels of oil a day to its production in 2025.
Strong measures by Europe could quickly deprive Russia of oil and gas income worth billions, experts say
Our new research suggests that temporary nature-based carbon storage can help achieve our climate goals. However, the most tangible effect — a decrease in peak warming — would only occur if we also eliminate fossil fuel emissions.
Oil companies love to tell the world about the super cool technologies that have that will allow us to keep burning fossil fuels without cooking the climate. But those technologies are largely bullshit.
The fossil fuel production gap — the difference between global fossil fuel production projected by governments’ plans (red line) and those consistent with 1.5°C- and 2°C-warming pathways (blue and green lines), as expressed in carbon dioxide (CO2) emissions released when the extracted fuels are burned — remains large.
