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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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Using the Debt Ceiling to Advance Fossil Fuels Over Renewables is Bad Faith Bargaining

Union of Concerned Scientists

Alarmingly, this proposed legislation would abandon recent investments in renewable energy while boosting fossil fuel production, alongside other potentially harmful provisions. 1: The Lower Energy Costs Act, on a largely party-line vote. Late last month, the House passed H.R. What is permitting reform?

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Ask a Scientist: The US Has to Do More to Meet Its Carbon Emissions Reduction Goals

Union of Concerned Scientists

However, several analyses—including a recent one by the Union of Concerned Scientists (UCS)—have concluded that the IRA, even when coupled with the bipartisan infrastructure act and other federal and state climate policies, will not be enough to meet US carbon emission reduction goals. Energy efficiency also plays a critical role.

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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.

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G7 Moving Towards Renewable Energy and Zero Carbon

Environment + Energy Leader

Together, the leaders stressed the urgency of reducing carbon emissions. The post G7 Moving Towards Renewable Energy and Zero Carbon appeared first on Environment + Energy Leader.

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

Circle of Blue

energy policy has done little to incentivize the growth of these technologies, relying on a patchwork of energy credit programs, tax breaks, and development spending to promote renewable energy production. But as the market grows, some urge caution before using wastewater to create renewable natural gas.

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Statement on the Government of Canada’s New Policy Ending Subsidies to the Fossil Fuel Industry

Enviromental Defense

As countries around the world grapple with eliminating their own fossil fuel subsidies, Canada has set a strong global precedent. This is alarming given that Canada is one of the largest providers of fossil fuel financing in the G20. This would rule out any spending on new oil, gas or coal projects.