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Tag: fossil
Growth at all costs: climate change, fossil fuel subsidies &Treasury
2015-05-24 17:21:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: There are no oil rigs visible from Aberdeen itself, but evidence of the foundations of Europes oil capital is easy to see: plaques for the head offices of major fossil fuel companies, helicopters ferrying workers to and from offshore platforms, designer shops for a city that has more millionaires than any other in the UK. It is not far from the centre of the granite city to the poorer wards, though, where like so many places, people struggling to pay ever-increasing energy bills are still forced...
Tags: change
costs
growth
fuel
Cowen and Company Downgrades Fossil Group to Market Perform
2015-05-23 14:12:00| Jewelry - Topix.net
Shares of Fossil Group opened at 78.42 on Wednesday. Fossil Group has a 52-week low of $76.40 and a 52-week high of $115.20.
Tags: group
company
market
perform
The IMF says we spend $5.3 trillion a year on fossil fuel subsidies.
2015-05-21 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Vox: This week, the International Monetary Fund put out a big report claiming the world spends $5.3 trillion a year subsidizing energy, mainly fossil fuels. That's an eye-popping number. And it led to plenty of outraged headlines: Look at all that money we're forking over to Big Oil! That's $10 million every minute! What's more, the IMF noted that if we yanked away all these "subsidies," global carbon dioxide emissions would drop 20 percent -- a huge step toward dealing with climate change. The only...
United Kingdom: 'Greatest university' curbs fossil fuel investment in endowment
2015-05-19 18:36:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Oxford University said it would curb some of the most polluting fossil fuel-related investments in its 1.7 billion-pound ($3.3 billion) endowment, making it the most prominent institution to join the growing campaign for divestment from the industry. The university's governing board said it will avoid direct investments in coal and oil sands companies, of which it currently has none, and that it will also steer clear of sectors with high social and environmental risks, according to a statement released...
Tags: united
university
kingdom
united kingdom
Fossil Fuel Subsidies to Hit $5.3T in 2015, Says IMF Study
2015-05-19 14:46:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: Subsidies for fossil fuels that cause climate change have soared since 2013, a new study from the International Monetary Fund has revealed. Oil, gas and coal costs will be subsidised to the tune of US$5.3 trillion a year in 2015. The last time the IMF ran the data it calculated they were worth $1.9 trillion. Economists say the latest figures are more accurate as they represent the true cost of energy, which includes the environmental, health and climate impacts of burning fossil fuels. Over...
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