article thumbnail

Progress Possible at COP 28 Despite Fossil Fuel Industry Deception

Union of Concerned Scientists

Last week, I joined my colleagues at COP28 in Dubai , as negotiators and civil society push for a fossil fuel phaseout to meet climate goals. The industry is pushing a narrative that misleadingly calls out emissions , not fossil fuels as the problem. Source: IPCC Sixth Assessment Report.

article thumbnail

G20 still paying billions in fossil fuel subsidies

A Greener Life

Two-thirds of the G20’s public finance for energy went to fossil fuels in 2019–2020. The G20 group of nations provided nearly US$200 billion in support of fossil fuels in 2021, despite the worsening impacts of the climate crisis and their pledge in 2009 to phase out “inefficient” subsidies. By Catherine Early.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

$18 billion to fossil fuels: Breaking Down the Numbers

Enviromental Defense

Last spring, we released a report – Paying Polluters: Federal Financial Support to Oil and Gas in 2020 – that revealed the federal government announced a minimum of nearly $18 billion to the oil and gas sector in 2020. Companies put their own remediation programs on hold while they waited for the government to pay to clean up their mess.

article thumbnail

Ask a Scientist: The US Has to Do More to Meet Its Carbon Emissions Reduction Goals

Union of Concerned Scientists

It also will save US consumers money because they will spend less on fossil fuels. First, decarbonizing the electricity sector mainly with wind and solar to replace coal and fossil gas. Second, replacing fossil fuels with clean electricity in the transportation, building, and industrial sectors. Your thoughts?

article thumbnail

What is sustainable finance and why should the Canadian government regulate it?

Enviromental Defense

But Canada’s largest financial institutions still fund fossil fuel expansion projects and are too slow to invest in climate solutions. The federal government launched an Expert Panel on Sustainable Finance in 2018 and recently appointed a Sustainable Finance Action Council. Consider the economic crisis of 2008-2009.

article thumbnail

Shell called out for promoting fossil fuels to youth via Fortnite game

Corp Watch

The company was a major target of anti-apartheid boycotts in the 1980s over its role in supporting the white South African government with fuel and money but just 192 rand ($22) in annual rent for two petrol stations on Umnini tribal land in KwaZulu-Natal, where blacks were not allowed to own land. Also see SOMO's 2008 report.

article thumbnail

Response to COP28 Draft Outcome

Enviromental Defense

The GST will set out the most important commitments and pledges made by governments during the negotiations, therefore sending an important political signal. Environmental Defence urges the Government of Canada to push for more ambitious action in the final text, expected to come out on December 12th. “The