This new policy is a signal to the wider financial community that the era of fossil fuels is past.
After a year of clear demands and obvious signals from energy experts, investors, and governments, the IEA has again failed where it matters on climate.
With its over reliance on natural gas, the IEA’s World Energy Outlook (WEO) promotes an energy scenario that will exhaust a 1.5°C carbon budget by the early 2030s.
Over 70 organizations have sent a public letter to European Investment Bank (EIB) leadership, calling on them to stand firm behind a draft lending policy that, if adopted, would rule out future fossil fuel financing from the bank.
A coalition of environmental organizations today sent a letter to Mary Barra, Chief Executive Officer of General Motors, expressing solidarity with the nearly 50,000 autoworkers striking against the corporation and urging a fair contract for the workers.
“This is a critical step to clean renewable energy for frontline coal communities and a climate just future for all,” said Thuli Makama in response.
Activists deployed a 3-meter-tall balloon depicting Japanese Prime Minister Shinzo Abe emerging from a bucket of coal to protest the Japanese government’s continued support for new coal-fired power projects.
Two days after hundreds of thousands marched through New York demanding action to confront the climate crisis, youth activists disrupted a greenwashing event attended by several oil major CEOs.
Recent analysis shows that oil majors — including Oil & Gas Climate Initiative members — are set to spend hundreds of billions of dollars more on exploration and extraction of oil and gas that the world cannot afford to burn, eclipsing symbolic ‘low-carbon’ efforts.
Denmark’s plans to expand North Sea oil and fossil gas extraction, if allowed to move forward, will greatly undermine its record of climate action, a new report released today finds.