A new academic paper outlines why gas is not a so-called bridge fuel to a zero emission future. The scientists conclude that “a fossil fuel with a high climate impact, often hidden under a misleading narrative, which hinders decarbonization via infrastructure expansion, and so creates carbon lock-in effects and bears high economic risk, cannot be a solution towards a zero-emission future.”
A new report by Oil Change International and Rainforest Action Network (RAN) shows how major banks have continued pouring money into fracking companies in recent years despite numerous warnings that the sector was financially unsustainable — on top of the well-documented environmental, health and climate impacts of the industry.
Whereas the oil majors are pulling back their shale operations, others though are looking to expand in US shale.
A day after meeting big oil bosses at the White House last Friday, Donald Trump was at his usual chest-thumbing best defending an industry he loves: “I am a big believer in our great energy business, and we’re going to take care of our energy business,” he said at a press conference.
Later today, the Senate is set to vote on an unprecedented $2 trillion bi-partisan stimulus package that is designed to try and prop up a creaking American economy, which has been brought to a juddering halt by the Coronavirus.
As G20 energy ministers gather in Argentina, a new report out today entitled ‘Debunked: The G20 Clean Gas Myth’ finds that G20 countries, in the absence of new policies, are set to see investment of over $1.6 trillion USD in new gas projects.
This report focuses on fossil gas development in the G20 and debunking the myth of fossil gas as a clean transition fuel.
A new expose published today reveals how BP, working closely with the British government, has been “side-stepping” sanctions introduced after the Russian annexation of Crimea.
Rick Perry tells an African Oil Conference: “it’s in fossil fuels that you will see real growth”
Who will clean up the mess if oil companies go bust as the whole fossil fuel industry goes from a downcycle into a potential “death spiral”?