Instead of funding clean energy solutions, G20 governments and multilateral development banks still overwhelmingly fund the problem, averaging nearly $72 billion per year in public finance for fossil fuels compared to less than $19 billion per year for renewable energy.
A new report released by Oil Change International, Public Citizen, and the Sierra Club examines how a new wave of gas pipeline construction threatens to shunt serious risks and costs on to utility ratepayers.
As the Federal Energy Regulatory Commission prepares for its first meeting in seven months, and as states weigh new gas pipelines facing imminent rulings from Trump-appointed regulators, a report released today exposes an impending crisis of risk to utility ratepayers.
A Trump vs. the world showdown is brewing at this year’s G20 leaders’ summit, July 7 and 8 in Hamburg, Germany. After pulling the United States out of the Paris Agreement, Trump’s climate denial will likely take a beating from other G20 governments, who nearly all say they support strong climate action. An ugly diplomatic … Read More
“Fossil fuels have lost,” argues Eddie O’Connor, chief executive of Irelands’s Mainstream Renewable Power company, before adding: “The rest of the world just doesn’t know it yet.”
Have you ever stopped to think about the moments that we were on the brink of something big? Something that we look back on and find it hard to imagine how it used to be? Cell phones are a good example, or smart phones – the iPhone has only been around since 2007. The internet … Read More
If you are paying attention to the tar sands pipeline conversations, you have no doubt heard industry proponents argue that Alberta needs another pipeline to get its oil to tidewater (i.e. the east or west coast of Canada in this case) in order to obtain the highest price possible for the product. But the fact … Read More
The winds of change have been blowing in Canada over the past year – with new governments, new promises, and a renewed sense of urgency – the momentum for ambitious climate action seems to be growing again. In an open letter sent today to Prime Minister Trudeau and Canadian Premiers (leaders of the provinces and … Read More
How about some good news for a change? The end of the dominance of the oil age could be sooner than you think.
Hundreds of governments and thousands of stakeholders will meet at the Rio+20 Conference in Brazil this month to chart a future for the health of the planet, our human family and economies worldwide. The question is whether that future will include continuing public fossil fuel subsidies, which could climb to a staggering US$775 billion to an estimated US$1 trillion … Read More