Fossil Fuels Becoming the “New Tobacco”
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.
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2026
2026
What if the Carbon Bubble Bursts?
For many years now, a number of activists and analysts have argued that if we are serious about tackling climate change then the reserves of oil and gas in the ground need to be seen as liabilities and not assets....
The End of the Road
Within hours, the giant will be dead. General Motors will be no more. The world’s largest car maker will file for bankruptcy in a New York court room. With $176.4bn of liabilities - it will be the world's largest industrial...
“What we have now is geopolitical peak oil”
“This is an industry in crisis,” Amy Myers Jaffe, the associate director of Rice University’s energy program in Houston tells today’s New York Times. “It’s a crisis of leadership, a crisis of strategy and a crisis of what the future...
The Oil Majors Still Outpace the Chinese in Africa
Interesting article from today’s Financial Times about China’s search for oil in Africa. It states: “Conventional wisdom suggests that China's energy companies are marching across Africa, shoving aside established majors and grabbing huge oil reserves with the help of bottomless...
European and U.S. Energy Companies are Responsible for Nearly USD 100 Billion to Putin’s War Chest Since Crimea Invasion
New analysis finds that revenues from oil and gas projects backed by European and U.S. companies have fueled Vladimir Putin’s regime to the tune of nearly USD 100 billion since 2014.
IEA report reaffirms G7 must end new gas expansion to meet 1.5ºC commitment
Today, ahead of the G7 Climate, Energy and Environment Ministerial meeting this weekend in Japan, the International Energy Agency (IEA)released analyses to inform the G7 energy agenda, including on the outlook for fossil gas.
Shorting the Climate: Fossil Fuel Finance Report Card 2016
In the past three years, the North American and European commercial and investment banking sector has engaged in fossil fuel financing practices that are deeply at odds with the global climate agreement reached at COP 21 last December.
Funding Tar Sands: Private Banks vs. the Paris Climate Agreement
According to a new report released today by Rainforest Action Network, Oil Change International, and 10 organizations from around the world, commercial banks continue to finance the tar sands sector at levels that do not align with the Paris Agreement...
Banking on Climate Chaos 2021: Fossil Fuel Finance Report
This report analyzes fossil fuel financing from the world’s 60 largest commercial and investment banks — aggregating their leading roles in lending and underwriting of debt and equity issuances — and reveals that these banks poured a total of USD...