Fossil Fuels – GBRI
 

In an attempt to tackle climate change, reduce its carbon footprint and promote the sale of e-cars, last month Denmark proposed a ban on the sale of new petrol and diesel cars from 2030. The legislators plan to make electric cars cheaper in order to incentivize the transition. The country will also be opening up the bus […]

Read More

Scottish Power, one of UK’s six biggest energy companies, just sold off its last remaining gas power stations to Drax for a sum exceeding £700 million. With this move, the company has completely gotten rid of fossil fuels for energy generation. Iberdrola, Scottish Power’s Spanish parent company, said the move was part of its strategy […]

Read More

The World Bank President Jim Yong Kim just announced that it has withdrawn its support to build a 500-megawatt, $1 billion coal plant in Kosovo. This power plant, one of the dirtiest plants on the continent, was the last coal project being considered for financing by the World Bank. This means that the bank has finally decided to […]

Read More

Investors managing more than $2.5 trillion have warned that fossil fuel companies backing Donald Trump’s plans to open the Arctic National Wildlife Refuge  to drilling could face “enormous reputational risk and public backlash”. The group also adds that exploiting that area, which is one of wildest places left on Earth, would be an “irresponsible business decision”, as global action on […]

Read More

In an impressive new record, UK went coal-free for a period of three days in a row. Owing to the recent warm weather, overall power demands in the country have dipped. As a result, energy generated from gas, renewables and nuclear proved to be sufficient to meet the nation’s power requirements. Coal has historically been […]

Read More

The University of Edinburgh has just announced that it will move away completely from fossil fuel investments within three years. Currently, the University’s fossil fuel investment accounts for less than 1% of its total £1 billion funds. Despite a long-standing student campaign urging the institution to decarbonise its investment strategy completely, the University instead pledged […]

Read More

In April 2017, U.S. Bancorp, parent company of U.S. Bank announced that it would stop issuing loans for the construction of oil or natural gas pipelines. The move was applauded by environmentalists and divestment advocates at the time. However, now the bank’s commitment seems less sure with the news that U.S. Bank has entered into […]

Read More