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Fossil fuel funding 'grossly inconsisent' with warming limits

2013-04-20 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Age: Hundreds of billions of dollars in fossil fuel investments would be stranded, triggering a potential economic crisis, if companies continue to invest in fossil fuels while governments introduce stronger policies to limit global warming, a new report says. The joint study from UK-based Carbon Tracker Initiative and the Grantham Institute finds that $674 billion was spent on exploring and developing new fossil fuel reserves around the world in 2012. But the groups found the greenhouse gas emissions...

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Harvard Embracing Fossil Fuel Condemned by Gore on Filthy Lucre

2013-04-04 23:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Former U.S. Vice President Al Gore broke from his prepared remarks two months ago at a Harvard University event honoring a deceased professor who had sparked his passion for the environment. Apologizing for sounding impolite and undiplomatic, Gore praised a student group, which sought his support in a push to make Harvard sell investments in fossil-fuel companies. Gore equated the effort to a campaign that helped end apartheid after investors were pressed to shun companies linked to South Africa....

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IMF calls for world's $1.9tr fossil fuel subsidies to be removed

2013-03-28 12:06:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Removing worldwide fossil fuel subsidies worth $1.9tr would have "major gains for economic growth and the environment" the International Monetary Fund (IMF) said yesterday. A study by the international body estimates support for products from coal to petrol equate to around 2.5 per cent of global GDP and account for roughly eight per cent of all government revenues. It shows that 20 countries maintain pre-tax energy subsidies that exceed five per cent of their GDP. "For some countries the fiscal...

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Potential Vehicle Fossil Fuel Cuts: Emissions Decrease 80% By 2050

2013-03-22 07:23:56| AutomotiveDigest.com - Automotive Industry News

The Article Potential Vehicle Fossil Fuel Cuts: Emissions Decrease 80% By 2050 appeared first on Automotive Digest.

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Potential Vehicle Fossil Fuel Cuts: Emissions Decrease 80% by 2050

2013-03-21 23:30:47| AutomotiveDigest.com - Automotive Industry News

A National Research Council report states that the US could reduce fossil fuel consumption and greenhouse gas emissions by 80% by 2050 for light-duty vehicles. This far-reaching goal could be reached through a combination of hybrid vehicles and biofuels such as electricity and hydrogen, according to the report. The U.S. has already seen a reduction [...]The Article Potential Vehicle Fossil Fuel Cuts: Emissions Decrease 80% by 2050 appeared first on Automotive Digest.

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