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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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Progress Possible at COP 28 Despite Fossil Fuel Industry Deception

Union of Concerned Scientists

Last week, I joined my colleagues at COP28 in Dubai , as negotiators and civil society push for a fossil fuel phaseout to meet climate goals. The industry is pushing a narrative that misleadingly calls out emissions , not fossil fuels as the problem. Source: IPCC Sixth Assessment Report.

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We Need an Agreement to Phase out Fossil Fuels at COP28

Union of Concerned Scientists

It’s not just the poor air quality, long lines, and excessive fossil fuel company representation ; nations are still too far apart in their positions on a fossil fuel phaseout, the top priority for this COP. Yet global fossil fuel production and use continue to expand. Particulate matter (PM2.5)

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Fossil Fuel Disinformation Threats Aim to Hinder Meaningful Action at COP28 

Union of Concerned Scientists

Yet, driven by vested interests in the fossil fuel industry , misleading narratives aim to distort and hinder meaningful climate commitments. Fossil fuels are the problem It’s pretty simple: the burning of fossil fuels is the main driver of climate change. billion tons of the 40.5

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Governments Spent Record $1 Trillion Subsidizing Fossil Fuels Last Year

Yale E360

Seeking to offset rising energy costs, governments spent more than $1 trillion on subsidies for the consumption of fossil fuels last year, an all-time high. Read more on E360 →

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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. But these technologies are no substitute for sharp cuts in fossil fuels if we keep the goals of the Paris climate agreement within reach.

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US States and Communities are Suing the Fossil Fuel Industry: Six Things You Need to Know 

Union of Concerned Scientists

In an important win for climate accountability in the United States, the US Supreme Court decided that lawsuits filed in Colorado, Maryland, California, Hawai’i, and Rhode Island against fossil fuel companies including ExxonMobil, Chevron, Shell, Suncor, and others will remain in state courts.