Posts Tagged ‘Fossil Fuel’
Danske Bank Quits New Fossil Fuel Financing
This article was written by Mitchell Beer and originally published in The Energy Mix on January 23, 2023. Denmark’s biggest bank has declared an end to fossil fuel financing, after concluding that 99.9% of its carbon footprint comes from financed emissions. Danske Bank supports “an orderly transition to low-carbon economies and will, for that reason,…
Read MoreHSBC 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 MoreNew French law will require parking lots to install solar panels
This article was written by S. Dent and originally published in Engadget on November 9th, 2022. In 2020, France was the only EU nation not to meet its obligations for the development of renewable energy, as it still relies primarily on nuclear power. Now, the French Senate has approved a bill that should increase that markedly, requiring…
Read MoreStop Greenwashing, Set Regulated Net-Zero Targets, McKenna Task Force Urges
This article was written by Mitchell Beer and originally published in The Energy Mix on November 9, 2022. Climate science and the depth of the climate emergency demand that industries, financial institutions, cities, and regions commit fully to real net-zero targets, end new fossil fuel investment, stop greenwashing their activities, start lobbying for rather than…
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 MoreHealth pensions must divest of fossil fuels
This article was written by Mike Apostol, Travis Frampton, Mike Kurz, and Magdalene Winterhoff and originally published in The Hamilton Spectator on July 7, 2022. Recently, 130 Australian health-care workers noisily walked away from their pension plan. Why would health-care workers walk away from a valuable retirement savings scheme? Because their pension fund, HESTA, still has billions…
Read MoreCanada’s First Green Bond Raises $5B, Leaves Investors Wanting More
This article was originally published in The Energy Mix on March 25, 2022. Canada’s first-ever green bond raised $5 billion for environmentally focused projects this Tuesday, after a week-long issuance period that showed investors willing to buy more than twice the value of assets on offer. “The deal arrangers accumulated orders for more C$11 billion…
Read MoreIt’s time to consider divesting our pensions from fossil fuels
This article was written by Riley Hill and originally published on the BCTF website. For many of us in BC, 2021 was a wake-up call. The heatwave that ripped through our province shattered temperature records and killed 595 people. The town of Lytton burned to the ground, and approximately one billion sea animals baked in…
Read MoreCanadian pipeline groups spend big to pose as Indigenous champions
This article was written by Alice McCool and Thomas Lewton and originally published in The Guardian on March 10, 2022. Oil and gas companies and lobby groups in Canada are heavily investing in campaigns to present themselves as defenders of Indigenous interests in the face of high-profile protests against a controversial natural gas pipeline on…
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