Posts Tagged ‘climate crisis’
HSBC to end funding for new oil and gas fields
This article was written by Esme Stallard and originally published by BBC on December 14, 2022. HSBC has announced it will stop financing new oil and gas fields, as part of its efforts to drive down global greenhouse gas emissions. Environment groups said the move sends “a strong signal” to fossil fuel giants that investment…
Read MoreHuge opportunities and huge threats loom for US clean energy in 2023
This article was written by Jeff St. John and originally published in Canary Media on January 2, 2023. It was the best of times, it was the worst of times. Observers of U.S. clean energy markets might be feeling like they’re trapped in a Dickens remake: A Tale of Two Diverging Market Trends. Never have the long-term prospects…
Read MoreWhy Canada Needs to Plan for a Steep Decline in Global Oil Demand
This piece was written by Aaron Cosbey and originally published in the International Institute for Sustainable Development on September 16, 2022. Summary International Energy Agency scenarios project a decline in oil demand globally as climate policies intensify. Canada’s own energy body, the Canada Energy Regulator, shows a projected decline in Canadian production. Decline in oil…
Read MoreGuilbeault optimistic about targets even as Canada’s emissions rebound post-pandemic
This article was written by Mia Rabson and was originally published in CBC on November 11, 2022. Canada’s carbon dioxide emissions crept back up in 2021 after falling sharply during the first year of COVID-19, and experts believe they will go up even further this year as the return to normal has accelerated. The European…
Read MoreCanada Pitches European Gas Exports, But Europe Won’t Be Buying
This article was written by Mitchell Beer and originally published in The Energy Mix on November 2, 2022. Canadians are being sold on a future of natural gas exports to Europe just as European countries speed up their exit from all fossil fuels, says a leading energy transition researcher who’s just finished a series two-week…
Read MoreFossil Investment Could ‘Fully Finance’ Renewable Shift to 1.5°C
This article originally appeared in The Energy Mix on October 26, 2022. Redirecting $570 billion per year from planned oil and gas investments could “fully finance” wind and solar expansion to meet a 1.5°C target, showing that oil and gas development must be halted to keep global warming within safe limits, a new report concludes.…
Read MoreCaisse Invests Up to $474M in Japanese Renewables Firm
This article was originally published in The Energy Mix on October 26, 2022. The giant Caisse de dépôt et placement du Québec (CDPQ) is investing up to US$474 million, or 70 billion Japanese yen, in a company that got its start as a search for energy alternatives in the wake of the Fukushima nuclear disaster…
Read MoreCarbon emissions from energy to peak in 2025 in ‘historic turning point’, says IEA
This article was written by Jasper Jolly and originally published in The Guardian on October 27, 2022. Global carbon emissions from energy will peak in 2025 thanks to massively increased government spending on clean fuels in response to Russia’s invasion of Ukraine, according to analysis by the world’s leading energy organisation. The International Energy Agency (IEA) said that…
Read MoreChicago teachers fund to divest fossil fuels by end of 2027
This article was written by Rob Kozlowski and originally published in Pensions & Investments on October 21, 2022. Chicago Public School Teachers’ Pension & Retirement Fund plans to divest from fossil fuels by the end of 2027. The $11.5 billion pension fund’s board at its Oct. 20 meeting approved a new resolution seeking to engage with…
Read MoreTwo economies collide: Competition, conflict, and the financial case for fossil fuel divestment
A recent report written by Tom Sanzillo, Dan Cohn and Connor Chung published by the Institute for Energy Economics and Financial Analysis highlights how poorly fossil fuel stocks have done over the past decade. The report highlights the political influence behind continued fossil fuel presence despite the evergrowing ethical and financial argument in favour of…
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