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The fossilfuel industry has long been the main driver of climate change, but Big Oil’s CEOs and profiteers would like you to believe that it is a part of the solution. One of the people peddling this idea is the man behind Canadian Natural Resources Limited (CNRL) – Murray Edwards, the FossilFuel Fanatic.
A new dataset released by InfluenceMap provides information on heat-trapping emissions traced to the 122 largest investor and state-owned fossilfuel companies in the world. Fossilfuels are the main driver of climate change and the terrifying effects of it that we see happening across the world.
Much evidence has surfaced about the tactics to which fossilfuel companies have resorted to distort the facts, intimidate their opponents, and block climate action that might hurt their bottom lines. The hacking, occurring between 2015 and 2018, targeted at least 128 individuals. Read the full report here.
To underscore the negative impacts of fossilfuels on our grid, I also pointed to key research around resilience. Despite being one of the first states to enact a renewable portfolio standard (RPS) requiring 10% of the states energy to come from renewables, the requirement expired in 2015 with no meaningful updates since.
Also in 2024, for the first time ever, solar and wind combined to generate more than coal , which was the largest source of US generation as recently as 2015. It added up to 24% of total electricity generation in 2024, compared with 23% in 2023.
Even where the grid still has significant fossilfuel-powered generation, EVs are a cleaner choice. In the grid region that serves most of Texas, driving the average EV produces emissions equal to an 83 mpg gasoline car, despite over 60% of electricity generation coming from fossilfuels.
Countries committed to a principle of fairness when they signed the Paris Agreement in 2015, acknowledging that those who have profited for decades from oil, gas and coal had a responsibility to deliver funds to the countries least responsible, yet most impacted by climate change. trillion, and the companies collect trillions in profits.
After 30 years of international negotiations failing to mention the root cause of the climate crisis, the acknowledgement that we must phase out all fossilfuels and massively scale up renewable energy in order to effectively tackle the climate crisis, was both long overdue and extremely significant.
This year, we yet again witnessed the dramatic consequences of the world’s continued burning of fossilfuels, such as hurricane Debby in Quebec, the wildfires in Jasper, and the flooding in southern Ontario. Before the Paris Agreement was signed in 2015, the world was on track for a catastrophic four degrees of warming.
Union of Concerned Scientists’ (UCS) research shows that top fossilfuel producers’ emissions are responsible for as much as half of global surface temperature increase. of the observed rise in atmospheric carbon dioxide and 52 percent of the rise in global average temperatures between 1880 and 2015.
million for other categories of support to fossilfuels. Whether through paying companies to improve their operations or by paying for the development of new ‘clean tech’ for the oil and gas industry, the public should not be on the hook for lowering the emissions from the fossilfuel sector.
Since the summer of 2021, five Republican-controlled state legislatures have passed bills banning their state governments from doing business with financial institutions that they allege have divested from fossilfuel companies as a result of ESG investment policies. Another six statehouses are considering similar bills.
What are the physical limitations of this fossilfuel resource that make it vulnerable during, say, summer droughts , or the types of extreme heat waves the world has been experiencing for months now? From 2010 to 2015, Texas experienced its second-worst drought in the state’s history.
Questioning fossilfuel companies is part of our mission, but each year the Union of Concerned Scientists (UCS) gets a chance to aim some choice words directly at corporate leaders during their annual shareholders’ meetings. million last year to pump out disinformation about California’s energy policies.
According to the Energy Information Agency , South Korea’s power sector is heavily reliant on fossilfuels. Two thirds of generation capacity is based on fossilfuels, split evenly between coal and natural gas, with 17% nuclear, and 14% hydro and other renewables. 50% coal, 26% gas, and 25% nuclear.
3) ExxonMobil predicted the possibility of linking rising temperatures to fossilfuels ExxonMobil researchers accurately predicted when it would become possible to attribute changes in climate to human activity. Such a constraint would clearly place a limit on the amount of fossilfuels ExxonMobil could extract, produce and market.
During the month of May, solar and wind power generated more electricity (30.6%) than fossilfuels (27.3%) in the European Union for the first time in history. In the meantime, fossilfuels went from 40-50 percent to less than 30 percent. This is equally impressive.
Beginning in 2015, journalists began to uncover mounting evidence of Defendants’ campaign of deception,” the complaint says. “In And the answer was a lot, a long time ago. The timeline is laid out in California’s complaint , filed in San Francisco Superior Court.
When countries signed the Paris Agreement in 2015, they agreed that wealthy countries would provide financing to the most vulnerable countries (often referred to as the Global South) to help advance global climate action and respond to climate disasters. Experts recognize that over $1.3-trillion
While there is enormous potential for UN climate negotiations to transform climate action, meaningful progress has been delayed in part by the fossilfuel industry’s deceptive tactics. Last year’s COP was notable as the first to explicitly mention “fossilfuels” in the final decision document. at UMass Amherst.
As I prepare to attend the UN’s 28 th annual Conference of the Parties (COP28 ), I’ve been thinking a lot about the connection between the UN climate talks and litigation, especially in light of the stark reality that parties to the 2015 Paris Agreement are falling short on key milestones leading up to the next month’s meeting.
Through the Clean Air Act , and as affirmed—and reaffirmed—through multiple legal sagas, EPA is statutorily obligated to address carbon pollution from fossilfuel-fired power plants. One critical tool for forcing that reckoning comes from the Environmental Protection Agency (EPA). EPA decision, but it did not ground EPA.
more than 15,000 comments, many of which the SEC must legally answer in writing; threats of lawsuits from ideological groups funded in part by the fossilfuel industry; and complaints about the proposed requirement to measure and disclose heat-trapping gas emissions from a company’s full value chain, known as Scope 3 emissions.
The heavyweight global companies, such as Nestle, Unilever, the Mahindra Group and Volvo Cars, are just some of the leading signatures of a letter sent ahead of COP28 to world leaders, which calls on agreeing a timeline to phase out fossilfuels. COP28 begins on the 30th of November.
A 2022 Rainforest Action Network repor t found that “fossilfuel financing from the world’s 60 largest banks has reached USD $4.6 trillion in the six years since the adoption of the Paris Agreement, with $742 billion in fossilfuel financing in 2021 alone.” The biggest US bank investors in fossilfuels? “At
In his inaugural address , incoming General Assembly President Peter Thompson declared that the session would focus on advancing the seventeen Sustainable Development Goals (SDGs), adopted in September 2015. Achieving that goal will require a dramatic cut in fossilfuel development.
By Anders Lorenzen The annual meeting of the world’s seven largest economies, G7, which this year is hosted in Italy has pledged to accelerate the transition away from fossilfuels.
And they’re preventing efforts to build a healthy, equitable world beyond fossilfuels. That’s why we’ve included them in our brand-new campaign that names and shames the key players in the fossilfuel industry who are guilty of fueling climate chaos and the tactics they use to greenwash and misinform us all.
Barclays and HSBC are two of the major banks which continue to fund fossilfuel investments. A report by ShareAction has delivered a damning verdict on European banks connection to fossilfuel investments. Major European banks at the heart of continued fossilfuel support. Photo credit: AFP / Getty Images.
According to the Communication, buildings and power generation can make the largest and most cost-efficient emissions reductions, in the order of 60% and more compared to 2015, to reach the 55% greenhouse gas emissions reduction target (p.8). At least 30 % of the EU´s multiannual budget shall be dedicated to `climate relevant spending´ (p.4),
Ahead of the summit, which started on Monday in the capital, Baku, a leaked recording demonstrates that the country is using the summit to promote fossilfuels and to sign new oil and gas deals. At the COP21 summit in Paris in 2015, which led to the Paris Agreement, countries offered support for the 1.5
The simple fact is that ditching fossilfuels for low-cost clean energy resources is good for the planet, good for the US economy, and good for public health. The good news? It’s doable —and the United States would reap significant health and economic benefits in the process. But achieving this goal will have its challenges.
By expanding renewable power, phasing out fossilfuels, electrifying as much of the economy as possible, and deploying other technologies, the U.S. In 2019, 70 percent of Seattle residents lived within walking distance of a bus or train service running at least every ten minutes—up from 25 percent in 2015.
Since then, the Conservative government has made a series of U-turns on its own net zero policies, attacked Labour’s green spending plans, and doubled down on its support for new fossilfuel projects, approving more than 100 new North Sea oil and gas licences. This comes as DeSmog and Democracy for Sale reveal that £6.8 percent (£1.8
For the first time ever in the 27-year history of UN climate talks, at COP26 fossilfuels were mentioned in the final agreement. This shows that we are getting nearer to consigning the fossilfuel industry to history, even though there’s still a long way to go. Of those fossilfuels, coal will be the first to go.
Before the Paris Agreement was signed in 2015, the world was on track for a catastrophic four degrees of warming. For example, last year Environmental Defence worked with other Canadian climate groups to push Canada to strengthen its official position on fossilfuels in the negotiations. The conflict of interest is clear.
The annual number of climate-related lawsuits filed against the world’s largest fossilfuel producing companies has nearly tripled since the Paris Agreement was adopted in 2015, according to a recent report from Oil Change International and Zero Carbon Analytics.
With most energy investments still in fossilfuels, significant reform is needed to modernise the sector and meet Kazakhstan’s pledge to become net-zero by 2060. Social unrest related to fossilfuels is not a new phenomenon in Kazakhstan. An oil pump in a dust storm on the road to Aktau, Kazakhstan. By Kate Watters.
It doesn’t make financial sense for many coal plants stay open due to competition from more affordable clean resources —such as wind and solar—as well as from other fossilfuel power plants, such as those fired by methane gas. Ohioans were forced to subsidize some of these costs through various surcharges on their utility bills.
Alito famously said that carbon dioxide from fossilfuel burning, a key contributor to global warming, is not a pollutant. But a 5-4 conservative majority , led by Justice Samuel Alito, a long-time skeptic of both EPA authority , and what constitutes any kind of pollution, went a fateful extra step.
COP28 must deliver on energy and equity, and the Government of Canada must do its part: The litmus test for whether COP28 is successful or not will be whether countries agree to a plan for an equitable phase out fossil oil and gas production. Fossilfuels are causing the climate crisis. That’s impacted other nations.
Representatives from civil society, non-governmental organizations and the private sector gathered alongside governmental representatives to influence decisions and advance contributions toward the goals of the Paris Agreement of 2015. I was joined by Ocean Conservancy colleagues working to advance ocean-climate action. degrees Celsius.
Canada coming up so short is one of the reasons why rich, industrialized countries continue to fail to deliver on the $100 billion per year in assistance for developing countries to address climate change, a commitment first made 12 years ago and reiterated in the 2015 Paris Agreement. Finally F-words: fossilfuels.
degrees Celsius warmer than in the 1850-1900 pre-industrial period, when humans began burning fossilfuels on an industrial scale, pumping carbon dioxide into the atmosphere. target, which all countries agreed to in 2015, had been breached on nearly half of the days in 2023. Extraordinarily, the data also showed that the 1.5C
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