article thumbnail

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

article thumbnail

Report from COP27: The Fossil Fuel Industry Continues to Block the Path to Climate Justice

Union of Concerned Scientists

The destruction caused by climate change is directly linked to human activity, primarily burning fossil fuels. There are multiple realistic, tangible solutions that would rapidly reduce greenhouse gas emissions worldwide, yet policy addressing anthropogenic climate change remains slow and insufficient.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

Waste-To-Energy Tech Could Slash U.S. Water Sector Carbon Emissions, But Its Potential Remains Underdeveloped

Circle of Blue

But as the market grows, some urge caution before using wastewater to create renewable natural gas. Like all other industries, the clock is ticking for the sector to cut its carbon pollution, given President Joe Biden’s goal to halve the country’s greenhouse gas emissions by 2030 and reach net zero by 2050.

article thumbnail

I ? IRA

Legal Planet

Manchin insisted on some provisions favoring fossil fuels, including a natural gas pipeline that was one of his pet projects. Some climate advocates don’t like provisions supporting carbon sequestration and the use of hydrogen. IRA isn’t perfect by any means.

article thumbnail

Emissions by the Big Utilities: Where They Are, What They’re Aiming For

Legal Planet

It turns out that most of them are 50-60% reliant on fossil fuels, with a lot of the remainder coming from nuclear and hydro. However, there are important differences in the mix of gas and coal in generation, which matters a lot since coal-fired generators emit much more carbon per kilowatt. Fossil Fuel Use.

article thumbnail

Climate Policy in the World’s Fourth Largest Country

Legal Planet

Over three-fourths of Indonesia electricity comes from fossil fuels: 60% from coal and 16% from gas. Carbon emissions from land use change (mostly logging) are comparable to Brazil’s, though Brazil gets a lot more publicity. Indonesia is also heavily exposed to tropic storms, which are expected to get more severe.