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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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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.

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Fossil Fuel Companies Make Billions in Profit as We Suffer Billions in Losses

Union of Concerned Scientists

The world’s biggest fossil fuel companies recently released their 2022 earnings reports, revealing record-breaking profits last year; just five companies–ExxonMobil, Shell, BP, Chevron, and TotalEnergies–reported a total of nearly $200 billion in profits. billion, respectively, during 2022. billion and $35.5

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Disinformation Alert: Fossil Fuel Interests Preparing to Deploy False Claims about New EPA Rules

Union of Concerned Scientists

Fossil fuel power plant owners are facing increased accountability for their air and water pollution, including from a new round of environmental and public health protections that are being rolled out by the US Environmental Protection Agency (EPA). We’ve heard these lazily disingenuous narratives before.

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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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Our Overdependence on Methane Gas is Costly: We Need Policymakers to Pass Clean Energy Legislation Now 

Union of Concerned Scientists

This is exacerbating a crisis in energy insecurity that has only worsened during the pandemic, leaving many more families struggling to pay their bills, facing disconnection, or already shut off from their utility service. And such action cannot be influenced by fossil fuel interests and their policy proposals that we are seeing in Congress.

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Massachusetts Passes Climate Bill Focused on Clean Energy and Offshore Wind

Law and Environment

5060 ), titled An Act Driving Clean Energy and Offshore Wind, into law on Thursday August 11, 2022. Reduction of Fossil Fuels. Other provisions include a ban on incentives and rebates from Mass Save related to fossil fuel powered systems, except as backup for electric heat pumps. Electric Grid.