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 degrees Celsius, or 2.7

article thumbnail

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. Global net anthropogenic greenhouse gas emissions 1990–2019.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Aggregating the Harms of Fossil Fuels

Legal Planet

The decision at the Glasgow climate conference to phase down fossil fuels is an important step forward — and not just because of climate change. We think of fossil fuels as a source of climate change, but that’s only a one part of the problem. Fossil fuels are a case in point. Consider coal.

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.

article thumbnail

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.

article thumbnail

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.

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.