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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.

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South Korea and Climate Change

Legal Planet

Even so, it compares favorably with the national governments in places like the U.S. As of 2016, half of its total emissions are from the power sector, with 20% from industry and 15% from transportation, and. According to the Energy Information Agency , South Korea’s power sector is heavily reliant on fossil fuels.

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Sustainable Finance 101: Transforming Finance for a Sustainable Future

Enviromental Defense

Canada promised to cut its greenhouse gas emissions after the 2016 Paris Agreement. The federal government has set targets and policies for most sectors in the economy….except The government sets regulations to keep Canadians safe. Until the rules governing the sector are changed, it will be business as usual.

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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.

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Banks Continue to Prop Up the Fossil Fuel Industry

Union of Concerned Scientists

Last month, the British-based Bureau of Investigative Journalism (TBIJ) reported that London-based HSBC, one of the world’s top-10 biggest banks, has helped raise $47 billion for the fossil fuel industry since its 2022 announcement that it would not finance new gas and oil infrastructure. degrees Celsius, or 2.7

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Environmental Law Again Front-and-Center at California Supreme Court

Legal Planet

County of Monterey –a major case involving the authority of California local governments to limit oil and gas development within their borders. County of Monterey case raises important and difficult questions for both the justices and the Executive Branch of California state government.

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Alex Pourbaix: The Big Oil Spindoctor

Enviromental Defense

This is despite the expense of CCS , its record of failures and underperformance , and recognition from climate and energy experts that we need to phase out fossil fuels to avoid climate disasters. He credits his competitive nature for fueling his dedication to maximizing profits in the oil patch, where he’s worked for 34 years.