UK windfall tax incentivizes oil drilling: a climate “wrecking ball”
The UK Government's windfall tax on oil companies, announced yesterday, will actually incentivise oil and gas drilling and "wreck" the UK's climate targets.
The UK Government's windfall tax on oil companies, announced yesterday, will actually incentivise oil and gas drilling and "wreck" the UK's climate targets.
Sumitomo Mitsui Financial Group announced it will "in principle" not finance any new coal power projects, while advocates in California called on the bank to apply those restrictions to all new coal infrastructure and drop plans to finance a widely...
Amongst the barrage of near-constant lousy news on the climate, from record rain bombs and flooding to relentless heat domes and wildfires, comes historic great news.
The new briefing, titled ”Investing in Disaster”, exposes the countries and companies that have approved the most new oil and gas extraction in 2022, and that could be responsible for major expansion through 2025.
ExxonMobil is a company that for decades has done more than any other to spread climate denial. But now the climate laggard wants you to believe it is becoming a climate champion.
"Our communities and climate cannot afford more fossil fuels, nor more dangerous distractions like carbon capture, hydrogen, or ammonia — it’s long past time to end the era of fossil fuels," said Collin Rees.
I discovered recently that I was being spied on by BP.
Groups denounced the final statement from leaders of ASEAN member states, as leaders announced the Asia Zero Emission Community Joint Statement claiming a need to use gas, ammonia, biomass, hydrogen, and nuclear for greenwashing in Asia.
From tar sands refinery subsidies in Whiting, Indiana and cash-strapped Detroit to petcoke covering the neighborhoods of Southeast Chicago, this subsidy spotlight explores the human impact of government subsidies gone haywire.
The IEA has consistently boosted new oil and gas development. Now it's backing up the global call to stop the expansion of fossil fuel extraction.