Yesterday, the message from the world’s leading climate scientists was their most brutal and stark yet. It was unequivocal.
fossil fuel disinvestment
Only 6 months left till COP26. What must the UK do to make it a success?
With only six months left till COP26, the UK host has work to do. Ending public finance for fossil fuel projects overseas shows potential, but the UK’s lack of action on fossil fuels domestically risks undermining its credibility.
Pressure builds on Biden after EU promises to act on fossil fuel subsidies
President Joe Biden has made good start on climate change. But one area that the President is coming under pressure is to take action over fossil fuel subsidies and finance.
Despite Emergency, Belligerent Exxon Refuses to Act on Climate at AGM
Exxon, which has been bruised, battered and bloodied by a catastrophic collapse in the oil price, and is haemorrhaging money, wants us all to drive over a climate cliff too. It is reckless corporate behaviour, which the executives must know will cost lives.
COVID-19 fallout threatens “long-term survivability” of Big Oil
Big Oil faces a new reality where “everything has changed.” Even their long-term survival.
Leading banks have poured $2.7 trillion into fossil fuels since Paris, fueling climate chaos
A new report highlights how 35 leading global banks have provided a staggering USD $2.7 trillion to fossil fuel companies since the Paris Agreement in 2015.
$900 Billion “will be wiped off value of Big Oil if we restrict CO2 rise to 1.5C”
According to the Financial Times “Around $900bn – or one-third of the current value of big oil and gas companies – would evaporate if governments more aggressively attempted to restrict the rise in temperatures to 1.5C above pre-industrial levels for the rest of this century.”
Fossil fuels are entering “death knell phase,” according to influential analyst
“I’m done with fossil fuels. We are done. They are just done.”
In Oz, bushfire victims file complaint against bank for financing “climate wrecking projects”
“Australia is burning and yet ANZ continues to invest billions of dollars in climate wrecking projects. It is illegal for someone to light a bushfire, and we believe it is illegal for companies to finance the burning of our common home. This case is one of many to come against climate criminals”.
Outgoing BP Executive Would Rather See BP Survive, Than the Planet
Decades after BP became aware about the serious consequences of climate change, and as the world faces a climate emergency, the company’s outgoing boss, Bob Dudley, seems more content about saving BP, than the planet itself.