Tag: Fossil fuels
‘War on plastic’ could strand oil industry’s £300bn investment
The war on plastic waste could scupper the oil industry’s multi-billion dollar bet that the world will continue to need more fossil fuels to help…
Europe steams towards coal exit – research
Europe’s long goodbye to coal is speeding up, in a transition smoothed by the rise of wind and solar power and energy policy that has…
G20 nations funnel $151bn of Covid-19 recovery funding into fossil fuels
Of the Covid-19 recovery funding allocated to energy companies by G20 governments, 56% has been handed to fossil fuel projects, equivalent to $151bn (£119bn). That…
EU countries agree their green transition fund will not pay for move to nuclear or fossil gas
European Union countries agreed on Wednesday that the bloc’s flagship fund to wean regions off fossil fuels should not finance nuclear or natural gas projects,…
Trump administration wind and solar approvals lag Obama record: study
President Donald Trump’s Interior Department has approved about half as many wind and solar energy projects on federal lands as the Obama administration had at…
Europe could face oil shortage in a decade, study warns
Europe could face a shortage of oil within the next decade, making the move to increase the use of low carbon energy even more urgent,…
Weak demand pushing oil, gas toward ‘terminal decline’: report
Falling fossil fuel demand coupled with mounting risk for investors could slash the value of oil, gas and coal reserves by two thirds, sending shock…
‘Deeply troubling’: Covid-19 to spur record drop in global energy investment
A sobering report published today by the IEA predicts that global energy investment will plummet by $400bn in 2020, in a major turnaround from the…
Nations risking ‘uneconomic’ coronavirus responses by prioritising coal, report warns
China, the US, India and European nations are at risk of being burdened with uneconomic, long-term plans to stimulate their economies in response to the…
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