The North Sea’s oil and gas chaplain believes the Church of Scotland will make the “wrong decision” in coming years to divest from fossil fuels.
Almost half of senior bosses in the fossil fuels industry “believe gas and renewables are competing against each other”, according to a major new survey.
Scotland’s new public bank must be an “ethical lender”, according to environmental campaigners.
The outgoing governor of the Bank of England has warned firms that their assets could become "worthless" if they do not wake up to the climate crisis.
Some of the most powerful people in Norway’s vast oil industry are increasingly worried about what they see as a lack of nuance in the criticism of fossil fuels.
Exxon Mobil Corp.’s lawyer slammed New York’s securities-fraud case as the trial opened, saying the state “twisted” reality by conflating two internal metrics the company uses to account for the financial impact of climate change on its business.
A group of 300 British politicians are pushing the trustees of the Parliamentary Pension Fund to sell shares of BP Plc and Royal Dutch Shell Plc to ward off the risks of climate change.
A company in the US called ZeroAvia has just installed a hydrogen fuel cell powered electric powertrain in a six-seater aircraft.
Investing in fossil fuels is providing “increasingly poor” returns on investment according to a new study.
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.
A group of MSPs have called on the Scottish Parliament to end its investment in fossil fuels.
Barclays' annual general meeting has been hit by climate protesters angry at the lender's financing of fossil fuel projects.
The Faculty of Public Health (FPH) has announced it has ended its investment in fossil fuels over climate change concerns.
Local authorities across London are being urged to join the fight against climate change by pulling pension fund investments out of 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.
The Irish parliament has become the first in the world to back a ban on investing public money in fossil fuels.
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.
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, Oregon has drawn a line in the sand, banning all new oil, coal or natural gas export infrastructure in the city.
Local councils have lost up to £683 million from pension funds because of the falling value of investments in coal, campaigners have claimed.
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.
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.
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.
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.
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.