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.
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.
An event focused on how to integrate energy sources and keep the lights on in China will be held next month.
Tycoon Donald Trump is taking his windfarm fight to Westminster after being asked to appear before a House of Commons committee later this year.
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.
Untouched reservoirs of a potentially valuable new type of fossil fuel will "probably" be found in the North Sea, an expert said yesterday.
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.
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.