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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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Here’s What We’re Asking Major Fossil Fuel Corporations at This Year’s Annual Meetings

Union of Concerned Scientists

At this year’s annual general meetings, major investor-owned fossil fuel corporations are facing fewer climate-related shareholder proposals than at any time since the adoption of the Paris climate agreement in 2015. Such doublespeak is the latest evolution in the fossil fuel industry’s deception playbook.

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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.” percent in 2015 to nearly 8 percent in 2023.

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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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30 Major Climate Initiatives Under Biden

Legal Planet

By one count , Biden has overturned more than two dozen of Trump actions affecting the fossil fuel industry. The earliest action covered is Biden’s rejoining the Paris Agreement; the most recent is a burst of final actions taken around Earth Day 2024. officially became a party to the agreement again on February 19, 2021.

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Memo to JPMorgan Chase Shareholders: Stop Banking on Climate Chaos

Union of Concerned Scientists

Spring is a time of new beginnings, and this spring scientists are calling for financial institutions to start doing their part to limit the worst impacts of climate change and hasten a just, equitable transition to clean energy. trillion in the seven years since the adoption of the Paris climate agreement.

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Taking Stock Ahead of UN Climate Conference: Five Things to Watch for at COP28 in Dubai

Union of Concerned Scientists

Lest one thinks this disconnect is a failure of the global climate architecture, the failure lies much closer to home—in the domestic politics in the US and many other countries that continue to favor the interests of the rich and powerful , and fossil fuel companies, at the expense of the health and safety of everyone else and the planet.