Fosil Fuels
Oil Price Volatility Will Give a Boost to Renewables
Everyone loves low prices, but what the business community values most of all is predictability. The recent volatility in global oil markets — spearheaded by a fight to the death between Saudi Arabia and Russia — has sent the price…
Global Energy-Related CO2 Emissions Flattened in 2019, Following Two Years of Increases
Global emission trends Global energy-related CO2 emissions flattened in 2019 at around 33 gigatonnes (Gt), following two years of increases. This resulted mainly from a sharp decline in CO2 emissions from the power sector in advanced economies (Australia, Canada, Chile,…
Energy Community Calls on the Balkans and Ukraine to Scrutinize Subsidies to Coal
In June 2019, the Energy Community Secretariat published a study on analysing and quantifying direct and hidden subsidies to support the coal sector in Bosnia and Herzegovina, Kosovo*, Montenegro, North Macedonia, Serbia and Ukraine during the period 2015-2017. The Secretariat…
Oil and Gas Industry Needs to Step Up Climate Efforts Now
Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions. Fossil fuels drive the companies’ near-term returns, but failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term…
Harmony Fuels Provides First Ever Carbon Neutral Heating Oil and Propane Products for Residential Customers from Maryland to Maine
New Division of Shipley Energy to Provide Unique Heating Options for Eco-Conscious Residents of the Northeast and Beyond
YORK, Penn.--(BUSINESS WIRE)--#carbonneutral--Shipley Energy today announced a new division, Harmony Fuels, that will provide the...
Global Use of Coal-Fired Electricity Set for Biggest Fall This Year
The world’s use of coal-fired electricity is on track for its biggest annual fall on record this year after more than four decades of near-uninterrupted growth that has stoked the global climate crisis. Data shows that coal-fired electricity is expected…
European Investment Bank to Phase Out Fossil Fuel Financing
The European Investment Bank has agreed to phase out its multibillion-euro financing for fossil fuels within the next two years to become the world’s first ‘“climate bank”. The bank will end its financing of oil, gas, and coal projects after…