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Fosil Fuels
Paris: World Bank Will No Longer Finance Oil and Gas Projects Starting from 2019
In a move meant to aid countries reach greenhouse gas-curbing targets set by the 2015 Paris Agreement to limit global warming, the World Bank has announced that it will stop financing oil and gas projects starting from 2019. The announcement…
India’s Coal Imports From North America Tripled Year On Year In October
Imports of coal from North America have risen rapidly in recent times in India, on the back of a regional ban on the use of petroleum coke and a domestic coal shortage, according to recent reports. Relying on shipping data…
Oregon and Washington Join 20 Countries to Phase Out Coal By 2030
Even though the Trump administration used its only public forum at the COP23 climate talks in Bonn to promote coal, it’s clear that many individual U.S. businesses, cities and entire states would rather keep fossil fuels in the ground. Oregon…
Canada & UK Form Alliance To Dump Coal
At the COP 23 climate conference in Bonn, Germany this week, Canada and the UK announced that they are spearheading a global alliance to phase out the use of coal completely. The two countries expect 9 other nations to join…
Germany Could Shutter 20 Oldest Brown Coal Plants Without Creating Energy Shortages
Following the most recent election, German chancellor Angela Merkel is faced with the task of forming a coalition government involving the CDU/CSU alliance, the pro-business FDP, and the environmentalist Green Party. The alliance has been dubbed the Jamaica Coalition, because…
What Will It Take to Kill Fossil Fuels Once and for All?
The increased investment in renewable energy in recent years has been extraordinary, and renewables are now cheaper and more efficient than ever before. Wind is powering a record-breaking number of homes, massive hydroelectric plants are cropping up around the world, and solar is saving…
Report: 1/4 of World’s Oil Refineries Face Closure by 2035 if Greenhouse Gas Emissions Targets Are Met
Roughly a quarter of the world’s oil refineries face closure by 2035 if governments around the world manage to actually meet their current greenhouse gas emissions reduction targets, according to a new report from the think tank Carbon Tracker, the…