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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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We Need an Agreement to Phase out Fossil Fuels at COP28

Union of Concerned Scientists

It’s not just the poor air quality, long lines, and excessive fossil fuel company representation ; nations are still too far apart in their positions on a fossil fuel phaseout, the top priority for this COP. Yet global fossil fuel production and use continue to expand. Particulate matter (PM2.5)

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Clean Energy Saw as Much Investment as Fossil Fuels for the First Time in 2022

Yale E360

Solar, wind, electric vehicles, and other clean energy technologies saw a record-high $1.1 trillion in investment globally last year, matching investment in fossil fuels for the first time ever, according to a new report from Bloomberg New Energy Finance. Read more on E360 →

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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.

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From Whale Oil to Wind Power: the Fossil Fuel Industry’s Disinformation Is an Ocean of Hypocrisy

Union of Concerned Scientists

Some years ago, I began to feel the most important thing I could do was learn how to replace fossil fuel with renewable energy. For 30 years I have been an advocate for offshore wind development off New England’s coast and for the creation of institutions to support a transition from fossil fuels to renewable energy.

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World Leaders Must Protect UN Climate Talks from Fossil Fuel Industry Interference

Union of Concerned Scientists

One of the most crucial indicators of success will be whether the nations of the world reach agreement on a fast and fair phaseout of fossil fuels. Progress on this front depends on protecting the negotiations—and national and subnational policies based on them—from fossil fuel industry interference. I was wrong.”

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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.” More on that shortly. But first, the undeniably good news.