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Tag: fossil
United Kingdom: Ed Davey: investors should be informed fossil fuel investment risks
2014-12-11 12:05:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Energy and climate change secretary Ed Davey has commented that there is a case for making companies disclose their investments in fossil fuels and explain associated the risks. The remarks come as the fossil fuel divestment campaign continues to gather pace. Daveys comments were made at the UN conference currently taking place in Lima, Peru, which aims to produce a draft international climate change agreement. Tackling climate change means there are risks in the industry and the minister argues...
Tags: united
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Goal to end fossil fuels by 2050 surfaces Lima UN climate documents
2014-12-11 00:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Its a rare thing when you can point to paragraphs in a United Nations climate negotiating text and feel they more or less match what most of the science says should become a reality. Yet in Lima on Monday, it happened. Our little revolutionary moment comes in a document with the memorable title ADP 2-7 agenda item 3 Elements for a draft negotiating text with its climate-busting section D (paragraph 13.2) outlining several possible long-term goals for a new climate change agreement. Heres...
Tags: end
documents
goal
climate
United Kingdom: Government infrastructure plan could lock in greater fossil fuel dependency
2014-12-10 11:43:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Analysis of the UKs infrastructure pipeline indicates that fossil fuel projects are expected to exceed that of low-carbon energy, potentially locking in a greater dependency on fossil fuels and cutting the chances of the UK meeting carbon emission targets. The infrastructure plan was updated by the Treasury this month and analysed by Green Alliance. The findings suggests that since a detailed pipeline was released in 2012, expected spending on fossil fuel energy infrastructure has been revised...
Tags: united
plan
kingdom
government
United Kingdom: Fossil fuel investing risk to pension funds, says Ed Davey
2014-12-07 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Telegraph: Investing in fossil fuels is becoming increasingly risky because global action to tackle climate change will curb demand, forcing companies to leave unprofitable reserves in the ground, Ed Davey, the energy secretary, has warned. Financial authorities must examine the risks posed by coal, oil and gas companies to prevent pension funds investing in what could become "the sub-prime assets of the future', Mr Davey said. The comments are Mr Davey's first intervention into the debate over the "carbon...
Tags: united
kingdom
united kingdom
risk
At climate talks, UN calls fossil fuels 'high risk' investment
2014-12-02 01:27:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Falling oil prices show the "high risk" of fossil fuel investments compared with renewable energies, the U.N.'s climate chief said on Monday at the start of 190-nation talks on a deal to slow global warming. The Dec. 1-12 meeting in Lima opened with hopes that a U.N. deal to slow climate change is in reach for 2015, helped by goals set by China, the United States and the European Union to cut greenhouse emissions, mainly from burning fossil fuels. Christiana Figueres, head of the U.N.'s Climate...
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risk
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