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Combating climate change: is divesting from fossil fuel companies a good approach?

2013-11-21 17:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Apocalyptic climate change is upon us. For shorthand, let's call it a slow-motion apocalypse to distinguish it from an intergalactic attack out of the blue or a suddenly surging Genesis-style flood. Given the might and recalcitrance of governments on this issue, it falls to people's initiatives and to other kinds of institutions to take up the slack. This means universities, churches, and other investment pools, now increasingly under pressure from mushrooming campaigns to divest funds from fossil...

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Richest countries spent $74 billion on fossil fuel subsidies in 2011

2013-11-13 19:14:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: In 2011, the top 11 richest carbon emitters spent an estimated $74 billion on fossil fuel subsidies, or seven times the amount spent on fast-track climate financing to developing nations, according to a recent report by the Overseas Development Institute. Worldwide, nations spent over half a trillion dollars on fossil fuel subsidies in 2011 according to the International Energy Agency (IEA). "The status quo encourages energy companies to continue burning high-carbon fossil fuels and offers no...

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Veterans who saw fossil fuel drawbacks in combat lead charge for clean energy

2013-11-10 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Scientific American: Dave Belote was sleeping on his cot at Camp Victory in Iraq early one morning in 2004 when he awoke to the sound of deadly mortar rounds exploding on base a scant 50 yards away. Suddenly, it clicked: "It would be a really good thing to stop paying people to shoot at us," he thought. "Those mortar shells we paid for indirectly, through our addiction to oil," the retired Air Force colonel told ClimateWire. "A lot of these terrorist organizations, al-Qaida and others, big chunks of their funding...

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Fossil fuel subsidies dwarf renewables support, favour rich

2013-11-09 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Mounting global fossil fuel subsidies distort the price of carbon, favour the rich in the developing world and amount to six times as much as subsidies for renewable sources of energy, according to a new report. "If their aim is to avoid dangerous climate change, governments are shooting themselves in both feet,' wrote Shelagh Whitley, author of the report and a research analyst for the Overseas Development Institute (ODI) based in London. The report was released on Thursday, days before member...

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Fossil fuel subsidies under fire

2013-11-09 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Living on Earth: A new report from the Overseas Development Institute finds more than $500 billion in subsidies go to fossil fuel industries world wide each year despite pledges to phase them out. Joe Aldy, professor of public policy at Harvard University, tells host Steve Curwood that eliminating subsidies for fossil fuels will be a top agenda item at the UNFCCC meeting in Poland. Transcript CURWOOD: From the Jennifer and Ted Stanley Studio in Boston this is Living on Earth. I'm Steve Curwood. This year's...

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