Coal Industry Told to Leave Reserves in the Ground
At a Coal Summit in Warsaw today, the coal industry was told it had to leave most of the existing coal reserves in the ground
Read the latest insights and analysis from the experts at Oil Change International.
At a Coal Summit in Warsaw today, the coal industry was told it had to leave most of the existing coal reserves in the ground
Irony: On the one hand you have the Polish government hosting the UN climate talks in Warsaw, where the talk is all about the emerging climate crisis being driven by fossil fuels. On the other hand, the Polish government is pressing ahead with building a $3.7 billion dirty coal plant which may never be profitable.
Today Bloomberg News revealed that the American Petroleum Institute (API) has developed a strategy to challenge America’s crude export regulations using international trade law. Deregulating U.S. crude oil exports would make fracking and the tar sands even more profitable than it already is and enable the industry to go into ever more marginal and extreme reserves to produce more of these extreme oils.
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.
This morning the Russian state prosecutor officially laid charges of piracy against a Greenpeace activist from Brazil who had protested against oil drilling in the Arctic. A freelance videographer from Britain has also been charged with piracy.
The day after the world's leading scientists called for urgent action on climate change, the Albertan government dispatched two politicians to Europe to continue their dirty lobby PR campaign against Europe's progressive climate legislation.
The new IPCC report shows that we must keep roughly 80-to-95% of proven reserves of fossil fuels in the ground if we want a decent shot at avoiding catastrophe.
Whether the scientists or oilmen win the defining battle of our time – how and when to wean ourselves off fossil fuels - will shape what this world looks like for our children and grandchildren.
A new investigation by Oil Change International shows that the World Bank’s infrastructure program in Indonesia reads like a coal industry wish list stipulating policies and government subsidies that promote the fast-tracked development of over 40 coal projects in the country ahead of developing feasible renewable alternatives.
The most authoritative report on climate change ever compiled, the UN's Intergovernmental Panel on Climate Change (IPCC), is set to be published this week. Expect a massive backlash from sceptics and deniers.