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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 degrees Celsius, or 2.7

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Is the Canada Growth Fund Just a Fossil Fuel Slush Fund?

Enviromental Defense

Earlier this month at COP28 countries committed to transitioning off of fossil fuels and massively scaling up renewable energy instead. So you’re excused if, like me, you’re baffled by Minister Freeland’s first move in the wake of COP28: a giant new fossil fuel subsidy, via the new Canada Growth Fund.

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The Growing Momentum to Phase Out Fossil Fuels

Enviromental Defense

This wasn’t the first of these summits – but it was the first one that focused on the concrete actions governments are taking to phase out fossil fuels. We heard world leader after world leader say what has been only an elephant in the room until now – that we must phase out fossil fuels.

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Florida Governor DeSantis’ Head-In-The Sand Climate Change Policies

Legal Planet

Instead, the new legislation commits the state to continued reliance on fossil fuels in the future. The new state laws build on similarly wrong-headed fossil fuel-based policies that Governor DeSantis has embraced in recent years. According to the New York Times report, 2023 was Florida’s hottest year since 1895.

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Three Predictions for Climate Litigation in 2023

Union of Concerned Scientists

2023 is forecast to be an eventful year for climate litigation: legal actions aiming to hold polluters accountable for their role in climate change, ensure that international treaties and agreements are followed, and protect human rights that are being negatively impacted by climate change. Nearly 30 states , cities and counties in the U.S.

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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. April 21, 2023. 2, 2023. Biden and the EPA select the recipients for $20 billion in grant awards under two competitions within the $27 billion Greenhouse Gas Reduction Fund created under the IRA.

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Wildfires, Floods & Heat Waves: Brought to You By Big Oil

Enviromental Defense

2023 was the hottest year on record The degree of devastation across Canada in 2023 was difficult to comprehend. Fires in British Columbia cost the provincial government $1 billion for firefighting and piling up almost $750 million in insurance claims. July and August 2023 were the hottest months ever recorded globally.