“The EU’s new international energy strategy is woefully inadequate and would lock in decades’ more extraction of deadly gas and oil,” said Collin Rees.
“Furthering fossil fuel dependence would be the worst possible choice for Biden and von der Leyen in a critical moment — we need to double down on clean, renewable energy,” said Collin Rees.
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.
There is no room for further financing of fossil gas or any other fossil fuel projects by the EIB. This briefing calls for the new Energy Lending Policy to reflect this reality. The EIB cannot claim to uphold its commitment to align its finance with the Paris Agreement if it continues to finance fossil gas projects.
New scientific research argues that gas is not a bridge fuel to a clean energy future and that the methane emissions from gas have been severely underestimated.
Early this morning, the 28 EU leaders agreed in principle to set a landmark deal to reduce CO2 emissions by 40 per cent from 1990 levels by 2030.
Despite an EU commitment to phase out fossil fuel subsidies by 2020, countries across Europe are still subsidising dirty coal boy over €10 billion a year, according to new figures released by the European Commission today.
You will not have heard of the Aleksey Kosygin, but next week this obscure sounding tanker is set to make history as it becomes the first major shipment of Canadian tar sands to arrive in Europe.
As the European Commission continues to deliberate as to whether to adopt its landmark climate change legislation, called the Fuel Quality Directive (FQD), there is increasing evidence that planned pipelines in North America could turn Europe into a significant market for the Canadian tar sands.
Despite overwhelming community resistance and evidence of groundwater pollution, the shale gas revolution continues apace. “In the middle of the last decade”, writes Ed Crooks in today’s special report on energy in the Financial Times, “it looked as if the end of the Oil Age was in sight in the Americas. Not imminently, perhaps, but … Read More