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Fossil fuel promises 'being broken'

2014-11-11 06:46:56| BBC News | Business | UK Edition

World governments are breaking promises to phase out subsidies for fossil fuels, a report by the Overseas Development Institute says.

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G20 states spend $88bn in fossil fuel exploration subsidies: report

2014-11-10 20:51:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: Leading world economies are spending $88 billion (71 billion euros) a year in fossil fuel exploration subsidies, sapping investment from low-carbon alternatives and increasing the risk of "dangerous climate change", a report said Tuesday. The report by Britain's Overseas Development Institute think tank said that these subsidies "could drive the planet far beyond the internationally agreed target of limiting global temperature increases to no more than two degrees Celsius". The report was published...

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G20 states spend US$88b in fossil fuel exploration subsidies: Report

2014-11-10 18:40:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: Leading world economies are spending US$88 billion a year in fossil fuel exploration subsidies, sapping investment from low-carbon alternatives and increasing the risk of "dangerous climate change", a report said on Tuesday (Nov 11). The report by Britain's Overseas Development Institute think tank said that these subsidies "could drive the planet far beyond the internationally agreed target of limiting global temperature increases to no more than two degrees Celsius". The report was published in...

Tags: report states spend fuel

 

Vermont lawmakers to revisit fossil fuel divestment

2014-10-26 03:06:47| Chemicals - Topix.net

Climate change activists will renew their call for the state to divest from coal, oil and gas companies, and one lawmaker says he will introduce first-in-the-nation legislation to do so. In the 2014 legislative session, a divestment bill was thwarted by concerns it would risk the growth of state employees' retirement funds.

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Fossil fuel divestment campaign targets high street banks

2014-10-20 12:43:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: Customers of Britains biggest banks are to demand that high street institutions stop using their savings and investments to finance the fossil fuel industry, in a major new divestment campaign launched on Monday. The Divest! campaign, launched by the ethical banking reform group Move Your Money, calls on customers to write to their banks and threaten to withdraw their savings, unless they pledge to cease investment in the polluting industry. A template letter available online gives the big...

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