Fossil fuels offer ‘increasingly poor’ returns on investment, study finds
Investing in fossil fuels is providing “increasingly poor” returns on investment according to a new study.
fossil fuels
Zero-carbon electricity to outstrip fossil fuels for first time, National Grid says
More British electricity is set to come from zero-carbon sources than fossil fuels this year for the first time since the Industrial Revolution, National Grid has said.
MSPs call on Scottish Parliament to end investment in fossil fuels
A group of MSPs have called on the Scottish Parliament to end its investment in fossil fuels.
Barclays AGM hit by climate protests
Barclays' annual general meeting has been hit by climate protesters angry at the lender's financing of fossil fuel projects.
Public health body completely divests from fossil fuels over climate concerns
The Faculty of Public Health (FPH) has announced it has ended its investment in fossil fuels over climate change concerns.
London boroughs urged to remove pension investments from fossil fuels
Local authorities across London are being urged to join the fight against climate change by pulling pension fund investments out of fossil fuels.
Trump signals end of Obama’s green projects in bid to boost domestic fossil fuels
Donald Trump is expected to sign an executive order that will suspend, rescind or flag for review more than half a dozen green measures in an effort to boost domestic energy production in the form of fossil fuels.
World first as Ireland backs ban on public money investment in fossil fuels
The Irish parliament has become the first in the world to back a ban on investing public money in fossil fuels.
Groups urge US congress to reject TPP over environmental concerns
More than 450 groups have called on the US Congress to reject the Trans-Pacific Partnership (TPP) claiming the trade deal would allow fossil fuel companies to contest US environmental rules in extrajudicial tribunals.
Tory MP claims Church of England should invest in fossil fuels
The Church of England should “put aside the Greenpeace manuals” and invest in fossil fuels, a Tory MP has said. Climate change sceptic David TC Davies (Monmouth) told Church commissioners to look at the Bible’s Parable of the Talents, which is about making wise investments.
Portland takes fossil fuels stand
Portland, Oregon has drawn a line in the sand, banning all new oil, coal or natural gas export infrastructure in the city.
Campaigners call for councils to dump fossil fuel investments
Local councils have lost up to £683 million from pension funds because of the falling value of investments in coal, campaigners have claimed.
Amber Rudd: Climate action about economic security
Taking action on climate change is the “ultimate insurance policy” to protect UK families and businesses, Amber Rudd will say. In her first major speech on tackling global warming, the Energy and Climate Change Secretary will say measures to curb rising temperatures are about ensuring economic security. She will tell business leaders at an event in the City of London that unchecked climate change would have a profound economic impact, leading to lower growth, higher prices and a lower quality of life. And, after a series of announcements of cuts to green policies, she will insist that the Conservatives are committed to taking action on climate change, in ways that will keep bills down and encourage businesses to innovate, grow and create jobs.
Edinburgh University steps to withdraw investments in fossil fuel producers
The University of Edinburgh is taking steps to withdraw its investments in fossil fuel producers, in response to pressure from student groups and activists. Students staged pickets and occupied a building after the university said two weeks ago it would only divest from companies that produce coal and tar sands if they are found not to be investing in technologies that address climate change. But yesterday the university said it is informing “three of the world’s biggest fossil fuel producers” of its intentions to divest from them within the next six months, giving them four weeks to respond.
CNR in preliminary agreement with Halliburton for UK fossil fuel deposits
The investment company founded by oil pioneer Algy Cluff has come to a preliminary agreement with US oil giant Halliburton to work together on cultivating UK fossil fuel deposits. The deal moves Cluff Natural Resources (CNR) another step closer to developing the UK’s first offshore Underground Coal Gasification (UCG) project. The process of tapping un-mined coal reserves involves pumping oxygen and water through a borehole to turn the fossil fuel into synthetic gas, which can then be converted into hydrogen, methane, carbon monoxide and carbon dioxide.
Opinion: Energy subsidies – who is subsidising who?
It is worthwhile taking a moment to marvel at the built environment around you – houses, shops, offices, factories, hospitals, roads, railways, airports, cars, aeroplanes and so forth – and to then realise that virtually ALL of this was built using energy from fossil fuels – oil, natural gas and coal. At the same time fossil fuels provide virtually ALL of the energy that flows through our society, enabling economic activity and the creation of wealth. Fossil fuels are heavily taxed at every stage of their production and use. The economic activity they enable is taxed as well creating vast revenue streams that pay for education, defence, healthcare, welfare and pensions.
University of Glasgow pulls investment for fossil fuels
The University of Glasgow has become the first in the UK to commit to taking its money out of fossil fuels. A decision was made by the university court on Wednesday which will see about £18million currently invested in fossil fuels reallocated over the next 10 years.
North-east support for windfarms
A new survey claims people in the north-east are more open to having windfarms as part of their energy mix than the population in other parts of the country.
Forum on Chinese power grid in the pipeline
An event focused on how to integrate energy sources and keep the lights on in China will be held next month.
Trump takes fight south
Tycoon Donald Trump is taking his windfarm fight to Westminster after being asked to appear before a House of Commons committee later this year.
Scotland cannot pretend to be outside the nuclear debate
The decision by RWE and E.ON to pull the plug on nuclear new-build in the UK is a product of German politics and priorities. However, it raises serious issues for energy policy that need to be addressed with some urgency.
Fire ice finds ‘likely’
Untouched reservoirs of a potentially valuable new type of fossil fuel will "probably" be found in the North Sea, an expert said yesterday.
Finding opportunity in the challenge
The world faces a major energy challenge. Global energy demand will double by 2050, driven by economic and population growth. At the same time, it will be necessary to curb emissions of greenhouse gases to avoid the environmental and economic damage of climate change. Business as usual is not an option.
Premature renewables
SAUDI petroleum minister Ali al-Naimi has warned that a "premature shift" to renewable energy sources could jeopardise investment in the oil sector and significantly slow global economic recovery.