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Tag: fossil fuel
Fossil Fuel Divestment Pledges Surpass $2.6 Trillion
2015-09-22 16:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Global Coalition Announces Major Commitments as World Leaders Gather at UN; Thousands of new commitments represent a 50-fold increase in one year. The movement to divest from fossil fuels and invest in renewable energy and climate solutions has exploded, growing 50-fold in just one year and topping $2.6 trillion (1.68tn), according to a new analysis released today. More than 400 institutions and 2,000 individuals have pledged to divest from fossil fuels, the report from Arabella Advisors found....
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Leaked Letters Show U.K. Supports Bid by Fossil Fuel Firms to Scrap E.U. Fracking Rules
2015-09-10 14:18:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The UK government has added its weight to a behind-the-scenes lobbying drive by oil and gas firms including BP, Chevron, Shell and ExxonMobil to persuade EU leaders to scrap a series of environmental safety measures for fracking, according to leaked letters seen by the Guardian. The deregulatory push against safety measures, which could include the monitoring of on-site methane leaks and capture of gases and volatile compounds that might otherwise be vented, appears to go against assurances from...
Muslim Scholars Issue Call To End Fossil Fuel Use and Protect Climate
2015-08-19 19:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Yale Environment 360: Prominent Muslim scholars have urged world leaders to end the use of fossil fuels and have asked the planet's 1.6 billion Muslims to consider it their religious duty to slow global warming. The declaration was presented this week during the International Islamic Climate Change Symposium in Istanbul. It says that governments of wealthy nations, including oil-producing countries, should be "phasing out their greenhouse gas emissions as early as possible and no later than the middle of the century."...
Fossil Fuel Leasing on Public Lands Must End to Prevent Global Climate Crisis, Report Finds
2015-08-19 16:01:00| Climate Ark Climate Change & Global Warming Newsfeed
EcoWatch: Ending new fossil fuel leasing on lands and offshore areas controlled by the U.S. government would keep up to 450 billion tons of greenhouse gases (GHG) from polluting the atmosphere, according to a first-of-its-kind analysis by EcoShift on behalf of the Center for Biological Diversity and Friends of the Earth released today. The analysis, The Potential Greenhouse Gas Emissions of U.S. Federal Fossil Fuels, models the life-cycle greenhouse gas pollution that would result from developing federally-controlled...
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G20 countries pay over $1,000 per citizen in fossil fuel subsidies, say IMF
2015-08-04 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Subsidies for fossil fuels amount to $1,000 (640) a year for every citizen living in the G20 group of the worlds leading economies, despite the groups pledge in 2009 to phase out support for coal, oil and gas. New figures from the International Monetary Fund (IMF) show that the US, which hosted the G20 summit in 2009, gives $700bn a year in fossil fuel subsidies, equivalent to $2,180 for every American. President Barack Obama backed the phase out but has since overseen a steep rise in federal...
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