Remove 2021 Remove Carbon Dioxide Remove Fossil Fuels Remove Renewable Energy
article thumbnail

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. They enable us to strengthen our balance sheet and high grade or diversify our portfolio.

article thumbnail

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

Union of Concerned Scientists

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). GW record from 2021. Compiled by UCS from Energy Information Administration data as of January 2023. A bit more on those reasons later.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New, Updated Carbon Majors Dataset Holds Promise for Researchers, Litigators

Union of Concerned Scientists

That 2013 headline resulted from the first effort to quantify emissions from the ‘carbon majors’ —fossil fuel companies and cement manufacturers whose businesses have contributed an outsized amount of heat-trapping gases to the atmosphere. Nearly two-thirds of industrial heat-trapping emissions can be traced to just 90 entities.

article thumbnail

Memo to JPMorgan Chase Shareholders: Stop Banking on Climate Chaos

Union of Concerned Scientists

Read on to learn why and how more than a thousand scientists issued an open letter urging JPMorgan Chase shareholders to vote in favor of a time-bound phaseout of financing for new fossil fuel development and exploration at the bank’s annual meeting on May 16. Those three alone borrowed more than $200 billion between 2016 and 2021.

article thumbnail

Banking Against Science: Financial Institutions Continue to Fund Climate Destruction

Union of Concerned Scientists

At the start of the recent COP 27 climate meeting in Egypt, a United Nations report on the role of financial institutions in controlling climate change said, “There is no room for new investment in fossil fuel supply.”. With COP 27 now concluded, fossil fuel investment remains the elephant in the room.

article thumbnail

Ask a Scientist: Two Dozen States Can Meet 100 Percent of Electricity Demand with Renewables by 2035

Union of Concerned Scientists

All told, they represent 56 percent of the US population, generate 62 percent of the country’s gross domestic product, and are responsible for 43 percent of the country’s annual carbon emissions. We found that states have technically feasible and highly beneficial ways to achieve 100-percent renewable energy.

article thumbnail

U.S. Pushes Farmers to Develop A New Crop: Energy

Circle of Blue

The law provides $140 billion in tax incentives, direct loans, and grants to replace fossil fuels with cleaner renewable energy that lowers emissions of carbon dioxide. industrial policy for energy and transportation. to produce aviation fuel for jets taking off from Chicago’s two major airports.