Read the latest insights and analysis from the experts at Oil Change International.
The Lima UN climate talks which open today were always the diplomatic aperitif before the main three course carbon-fest in Paris next year. However they open with a renewed sense of optimism that after 20 years of delay and political deadlock – often driven by the fossil fuel industry – a deal may well be in sight for Paris.
Slowly but surely the world’s banks are waking up to the dangers of climate change and the idea that carrying on investing in fossil fuels might be a risky and reckless idea.
The oil industry and its allies are used to dismissing those who are warning about climate change as a bunch of lentil-eating, sandal-wearing commies. But over the last few months we have seen a growing number of authoritative voices calling for fossil fuel disinvestment, with a growing number of institutional investors actually saying they will disinvest from fossil fuels.
Yesterday was day two of the dynamic and energised protests against climate change in New York which saw several thousand activists take part in “Flood Wall Street.”
Based on a report by Carbon Tracker, Bloomberg labels the tar sands a "shaky investment"
For over a decade now a growing band of activists and enlightened financiers have argued that if we are going to tackle climate change then a proportion of fossil fuels have to stay in the ground.
