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$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.

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The energy transition is already happening, and it’s being led by our Indigenous communities

Enviromental Defense

In 2011, my community experienced what was the second-largest oil spill in the province’s history – 4.5 I had to figure out how to bridge the silos that existed in our society – between the renewable energy sector, climate organizations, government policy-makers, project financers, utilities, labour, engineers – the list goes on.

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Sustainable Finance 101: The Impact of Climate Change on Your Money

Enviromental Defense

For instance, mortgages are connected to homes, while fossil fuel finance is tied to infrastructure like pipelines, oil wells, and the reserves still in the ground. Up to $4 trillion of fossil fuel assets are at risk of being stranded, with $100bn at risk in Canada by 2036. However, Canada is falling behind.

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RePlanet Nederland’s review of the draft Delegated Regulation on nuclear energy and gaseous fossil fuels in the sustainable finance taxonomy

Environmental Progress

Investors and governments will be expected to refer to the Taxonomy in order to determine whether an activity they want to pursue can be considered sustainable, and under what conditions (screening criteria). Notably, in the same proposal, the Commission has also included screening criteria for gaseous fossil fuels.

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Opinion: Unrest underlines need to reform Kazakhstan’s energy sector

A Greener Life

With most energy investments still in fossil fuels, significant reform is needed to modernise the sector and meet Kazakhstan’s pledge to become net-zero by 2060. The government had abruptly stopped subsidies, dramatically increasing the price for consumers. The direction of Chinese investment will be key.

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Dear Oil and Gas CEOs: Here’s How You Should Spend Those Record Profits

Union of Concerned Scientists

Companies are spending millions fighting lawsuits that would hold them accountable for the costs that fossil fuel extraction has imposed on people and the planet. Meanwhile, annual reports show corporations are pushing ahead with plans to expand production, betting on new technologies to somehow make it all okay in the future.

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What Happened During the Montana Youth Climate Trial

Legal Planet

The bench trial took place last month in the state capitol, Helena, where 16 youth plaintiffs ages 5 to 22 made the case that Montana’s unwavering promotion of fossil fuels violates the state constitution’s guarantee to a “clean and healthful environment.” Whether Montana’s GHG emissions can be measured incrementally.