Fossil Fuels – GBRI
 

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 […]

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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 […]

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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 […]

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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 […]

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A power plant in Vasteras, northwest of Stockholm plans to completely divest from fossil fuels by 2020. In order to achieve its goal, the plant is burning recycled wood and waste along with discarded H&M clothes. “For us it’s a burnable material,” said Jens Neren, head of fuel supplies at Malarenergi, a utility which owns and operates the 54-year-old […]

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World’s second largest mining company, Rio Tinto, is in the process of selling its coal mines in an effort to give up coal and focus on better assets. The company is on the lookout for buyers for the remaining of its coal mines in Australia. While many miners are bullish on coal, the world’s dirtiest […]

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Rhineland coalfields in Germany witnessed mass demonstration by thousands of environmental activists demanding to put an end to extraction of coal and other fossil fuels. In the early hours of Sunday morning, more than 4,000 activists hoisting signs that read “System change, not climate change” and chanting “Keep it in the ground!” descended on the […]

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After the UK, Canada and France, Italy too has announced its plans of phasing out coal completely by 2025. The news was welcomed by environmentalists all over the world. However, the strategy of how the country expects to meet this commitment has yet to be revealed. At present, coal accounts for 15% of the country’s energy mix, […]

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It seems like the US President Donald Trump has learnt no lesson whatsoever from the massive destruction caused by two back-to-back hurricanes that experts believe were intensified by climate change. It has been estimated that the total cost of rebuilding after hurricanes Harvey and Irma would be around $150 billion! Still, instead of pushing for clean […]

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In a move that the country hopes would inspire other nations to give up dependence on fossil fuels, France just announced that it plans to ban all oil and gas production on its land by 2040. Under a draft law approved by cabinet, no new permits will be granted to extract gas or oil and no […]

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