fossil fuels
600+ Environmental Groups Urge Congress to Phase Out Fossil Fuels
On Thursday more than 600 environmental groups called on the U.S. House of Representatives to pursue ambitious climate legislation that matches the scale and urgency of the climate crisis. The groups’ letter calls for a thoughtful phaseout of fossil fuel production, a transition…
The EU Banned Almost All Coal Mining on Jan 1
Every unprofitable coal mine in the European Union must cease production by the first day of 2019, the date on which all public funds for the mines will come to an end. In Spain, that means that 26 coal mines…
Global Coal Generation ‘Plunging into Death Spiral’
Global coal generation is plunging into a ‘death spiral’. That’s the verdict from environmental think-tank Carbon Tracker, which has published a new report suggesting 42% of the world’s operating coal fleets are already unprofitable due to high fuel costs. It…
UN: We Must End All Subsidies for Fossil Fuels
To keep voters and consumers happy, governments around the world spend between $160 billion and $400 billion each year on subsidies for the production and use of coal, oil and gas. The aim, of course, is to keep the prices…
Global Resource Consumption ‘to Double by 2060’
By 2060, global consumption of raw resources is set to nearly double to 167 gigatonnes. That’s according to a new OECD report, which warns as the global economy expands, living standards rise and world population soars to 10 billion people, it…
Taxing Carbon May Sound Like a Good Idea But Does It Work?
Exxon Mobil is backing a proposal to tax oil, gas and coal companies for the carbon they emit and redistribute the money raised that way to all Americans. It’s also giving a group urging Washington to enact a tax on…
EU Climate Law Could Cause ‘Catastrophic’ Deforestation
Senior climate scientists say that the world’s carbon sinks could be facing a grave threat from a wholly unexpected source: the EU’s renewable energy directive. The climate law could suck in as much imported wood as Europe harvests each year…