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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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Boston Bans Fossil Fuels in New and Renovated City Buildings

Law and Environment

On July 31, 2023, Boston Mayor Michelle Wu signed an executive order ending the use of fossil fuels in new construction and major renovations of city-owned buildings. Covered buildings and projects will require heating, ventilation, air conditioning, hot water, and cooking systems that do not use fossil fuels.

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Good News—and Bad—about Fossil Fuel Power Plants in 2023 

Union of Concerned Scientists

With the clean energy transition already under way, the US electricity mix is set to continue changing this year. Solar power is expected to make up about half of all additions of US electric generating capacity in 2023, according to data from the US Energy Information Administration (EIA). I’ll start off with the good.

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An A to Z of Fossil Fuel Industry Deception

Union of Concerned Scientists

This year has brought new evidence of what major fossil fuel companies knew and when about the role their products play in climate change, as well as what they did in spite of what they knew. The House Oversight Committee investigation came to the same conclusion as the 2022 study: Accusations of greenwashing appear well-founded.

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Here’s What We’re Asking Major Fossil Fuel Corporations at This Year’s Annual Meetings

Union of Concerned Scientists

At this year’s annual general meetings, major investor-owned fossil fuel corporations are facing fewer climate-related shareholder proposals than at any time since the adoption of the Paris climate agreement in 2015. Department of Justice to investigate the fossil fuel industry’s decades-long history of engaging in deceptive practices.

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In the Race for Clean Energy, the United States is Both a Leader and a Laggard—Here’s How

Union of Concerned Scientists

Announcing recently that the world broke a record by generating 30 percent of all electricity from renewable sources in 2023, the British think tank Ember said the data proves we are in a “new era” of energy in which a permanent decline in fossil fuels is “inevitable.” percent in 2015 to nearly 8 percent in 2023.

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Using the Debt Ceiling to Advance Fossil Fuels Over Renewables is Bad Faith Bargaining

Union of Concerned Scientists

Alarmingly, this proposed legislation would abandon recent investments in renewable energy while boosting fossil fuel production, alongside other potentially harmful provisions. 1: The Lower Energy Costs Act, on a largely party-line vote. Such a breech would have devastating consequences to the US and world economies.