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Tag: fossil fuels
Fossil fuels investment takes nosedive
2016-09-17 10:55:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate News Network: A revolution is taking place in the global energy sector, with investments in oil and gas declining by 25% in 2015 while energy produced from renewables rose by more than 30%. We have never seen such a decline [in oil and gas investment], said Dr Fatih Birol, executive director of the International Energy Agency (IEA), at the London launch of its first ever report into world energy investment. Our findings carry a very important message for climate change and for the Paris agreement. Anyone...
Tags: takes
investment
fossil
fuels
Going Green: Rockefeller Fund Set To Blow Away Fossil Fuels, Build African Wind Farms
2016-07-30 07:27:00| Climate Ark Climate Change & Global Warming Newsfeed
AFK Insider: A New York City-based family foundation whose descendants helped create the fossil fuel industry, has made its first direct investment in a renewable energy company with plans to build wind farms in Africa. The Rockefeller Brothers Fund of the wealthy Rockefeller dynasty, is backing an energy project in Africa spearheaded by Eddie O'Connor, CEO of Dublin-based Mainstream Renewable Power firm, The Independent reported. A private grant-making foundation, the Rockefeller Brothers Fund is part...
After NSG rebuff, India falls back on fossil fuels for energy security
2016-07-03 13:42:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: After the failed attempt to join an exclusive group of 48 countries that control the trade in nuclear material and equipment, India is now falling back on its quest for more fossil fuel reserves. Oil minister Dharmendra Pradhan will visit the US later this month to seek investments and technology from exploration companies for 67 smaller fields with oil and gas discoveries, which will be auctioned for commercial production under a liberal and simple revenue sharing agreement, said an oil ministry...
Tags: back
security
energy
india
The world nearing peak fossil fuels for electricity
2016-06-13 13:07:00| Climate Ark Climate Change & Global Warming Newsfeed
Gulf Times: An Emarati man stands on a balcony overlooking the Shams 1, Concentrated Solar power (CSP) plant, in Al-Gharibiyah district on the outskirts of Abu Dhabi (file). Wind and solar will be the cheapest forms of producing electricity in most of the world by the 2030s, according to BNEF. The way we get electricity is about to change dramatically, as the era of ever-expanding demand for fossil fuels comes to an end--in less than a decade. That's according to a new forecast by Bloomberg New Energy Finance...
Tags: world
peak
electricity
fossil
Legal Protest Challenges Fossil Fuels Auction On 13,800 Acres In New Mexico
2016-06-01 08:06:39| oilandgasonline Home Page
Conservation groups filed a formal administrative protest late Friday against a Bureau of Land Management plan to auction off more than 13,800 acres (21 square miles) of publicly owned fossil fuels near Carlsbad in southeast New Mexico.
Tags: legal
mexico
auction
challenges
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