FossilFuels
UN Secretary-General António Guterres has called for advertising agencies and PR companies to stop working with fossil fuel companies. “Many in the fossil fuel industry have shamelessly greenwashed, even as they have sought to delay climate action – with lobbying, legal threats, and massive ad campaigns,” he said. “They have been aided and abetted by advertising and PR companies – Mad Men fuelling the madness.” During a speech to mark World Environment Day in New York on Wednesday, Guterres declared that fossil fuel advertising should be banned in the same way that tobacco ads were banned beca...
Euronews (English)
The rate Earth is warming hit an all-time high in 2023 with 92 per cent of last year's record-shattering heat caused by humans, top scientists calculated. The group of 57 scientists from around the world used UN-approved methods to examine what's behind last year's deadly burst of heat. They said even with a faster warming rate they don't see evidence of significant acceleration in human-caused climate change beyond increased fossil fuel burning. Last year's record temperatures were so unusual that scientists have been debating what's behind the big jump and whether climate change is accelerat...
Euronews (English)
The UAE’s state-owned oil company used last year’s UN climate summit to try and quintuple its fossil fuel deals, according to a new investigation. COP28 in Dubai was marred by controversy from the start of 2023, when the summit’s president was announced as Sultan Al Jaber, CEO of the Abu Dhabi National Oil Company (ADNOC). On the cusp of the conference in November, leaked documents revealed plans from the country’s COP28 team to discuss oil and gas deals with more than a dozen other nations - apparently leveraging its prestige as COP host to ADNOC’s advantage. Now an investigation from NGO Glo...
Euronews (English)
Energy ministers meeting in Brussels voted unanimously today (May 30) for the EU to officially withdraw the Energy Charter Treaty (ECT) while leaving open the possibility for member states to remain in their own capacity. Deciding on the bloc's future in the ECT was one of the commitments of the EU Belgian Presidency, the country’s energy minister Tinne Van Der Straeten told reporters today shortly before joining her counterparts at the Energy Council. Today’s decision followed a European Parliament vote last month signalling an overwhelming intention to quit the treaty. The ECT is a post-Cold...
Euronews (English)
More than a fifth of shareholders voted against Shell’s current climate strategy during the company’s annual general meeting (AGM) in London yesterday. At the same time, they rejected a climate resolution filed by shareholder activist group Follow This. The NGO, which unites shareholders in oil and gas companies to support climate resolutions, called for the company to align its targets with Paris Agreement goals. It is the first AGM since Shell scaled back several climate commitments earlier this year. In March, the company weakened its 2030 carbon reduction targets. It cited a strong demand ...
Euronews (English)
Activists from the anonymous collective Brandalism have replaced more than 200 adverts around the UK without permission with satirical posters protesting what it says is Shell’s “lethal legacy”. They are calling for sports organisations, shareholders, local authorities and advertising agencies to reject money from Shell and other fossil fuel companies. This guerrilla protest action comes just days before shareholders are due to meet for the oil company’s AGM on 21 May. Brandalism says its stunt “takes aim at Shell’s political lobbying and the oil major's use of marketing strategies to maintain...
Euronews (English)
Big banks have financed fossil fuels with nearly $7 trillion (€6.5 trillion) since the Paris Agreement, a new report has found. The 15th annual Banking on Climate Chaos (BOCC) report looked at how the top 60 private banks in the world are underwriting and lending to over 4,200 fossil fuel firms, and financing companies causing the degradation of the Amazon and Arctic. Their research found that, since the Paris Agreement to limit global warming was signed in 2016, these banks have financed fossil fuels with $6.9 trillion (€6.4 trillion). The report says $3.3 trillion (€3 trillion) - almost half...
Euronews (English)
Two Just Stop Oil protesters in their 80s have broken the glass around the Magna Carta at the British Library in London. Reverend Dr Sue Parfitt, 82, and Judy Bruce, an 85-year-old retired biology teacher, entered the British Library and used a hammer and chisel to crack the enclosure around the Magna Carta - the ‘Great Charter’ that is an essential foundation for the contemporary powers of the UK Parliament. The pair glued their hands together holding a sign that read “The government is breaking the law” and could be heard saying “Is the government above the law?” They are demanding that the ...
Euronews (English)
This month, as banks gather for their AGMs, they face an important decision. While it’s not a surprise to see CEOs ignore the throngs of climate protesters shouting outside their offices, banks are starting to face criticism in more unlikely circles. With investors getting increasingly twitchy as banks continue to finance climate chaos, this year it’s time for them to listen and act. It makes no sense for banks to continue to pump billions into rapidly depreciating carbon assets as our boiling planet reaches the point of no return. Instead, they can do what they do best — follow the money, gro...
Euronews (English)
Fossil fuels provided less than a quarter of the EU’s energy for the first time in April. The good news comes from energy think tank Ember which found that the proportion of electricity generated by fossil fuels in the bloc fell to a record low of 23 per cent last month - a sharp drop of 22 per cent compared to April 2023 despite an increase in demand. It also surpasses the previous record low of 27 per cent from May 2023. Wind and solar growth as well as the recovery of hydropower drove the fall in fossil fuel generation and increased the share of renewables in the electricity mix to a record...
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