With hundreds of millions of people across the word suffering from the fallout of higher energy prices and a cost of living crisis caused by Russia’s deadly war on Ukraine, this week’s G7 summit was the perfect opportunity for the world’s most powerful politicians to show clear compelling leadership.
“True energy security means affordable, reliable, and fossil-free energy for all communities,” said Rees. “Congress should reject Big Oil and Gas’s cynical attempts to profit from human suffering and pass this bill immediately.”
A new briefing released by Oil Change International details how the growth of distributed renewable energy in Africa has so far failed to include locally-owned companies and initiatives. The sector has been growing rapidly since 2013 — especially for companies focused on “pay-as-you-go” solar home systems — but finance has overwhelmingly only been accessible for multinational companies that are based in Europe or North America or led by entrepreneurs from these regions, meaning profits are largely not remaining in Africa.
A new analysis from Bailoutwatch concludes that “fossil fuel companies participated in the government’s Paycheck Protection Program to bail out small businesses at far higher rates than companies in other key sectors”.
Even before the current COVID-19 crisis, coal was in trouble due to its high carbon content, coupled with high costs. But COVID-19 is accelerating that decline. And once coal is gone, it is not coming back.
For years, coal lobbyists have been saying we needed the dirty fossil fuel for when the wind didn’t blow or the sun didn’t shine. We always knew that was a lie. For years, Donald Trump tried to prop up a dying industry. And now the market has proved them both wrong. And there will be no going back.
As yet another British nuclear plant is scrapped, the renewables industry says it is ready to come to the rescue to help the UK deliver low carbon energy.
An analysis by the SUN DAY Campaign of both historic and recent data from the U.S. Energy Information Administration (EIA) suggests that while progress has been made on some fronts since the 1973 Arab oil embargo, in other ways America’s energy situation may have actually worsened over the past 45 years.
Donald Trump can’t stop the sun from shining
Last week, the newly imposed Trump tariffs on foreign-manufactured solar panels came into effect.