Policy will outlaw brand-new sea boring yet enable approximately 11 lease purchases in Gulf of Mexico as well as Alaska’s south shoreline Joe Biden’s management on Friday revealed a five-year overseas oil and also gasoline boring advancement program that shuts out all brand new boring in the Atlantic and also Pacific Oceans within United States […]
Tag: Commodities
Nonrenewable fuel source organizations ‘possess mankind due to the neck’, states UN scalp in blistering assault
António Guterres reviews temperature suspension to cigarette companies rejecting web links in between cigarette smoking as well as cancer cells Nonrenewable energy providers and also the financial institutions that fund all of them “possess mankind due to the neck”, the UN assistant general has actually mentioned, in a “blistering” assault on the sector and also […]
Environment lobbyists pledge to combat as brand-new gasfield obtains permission in North Sea
Environmentalists endanger action over UK enable for Shell to cultivate Jackdaw industry Preservationists are actually harmful lawsuit in a try to stop the growth of a brand new gasfield in the North Sea that has actually been actually allowed due to the UK government.Climate pros responded along with temper after the authorities declared it had […]
Militants remain to block out UK oil stations in spite of detentions
At the very least 34 detentions given that Friday as Just Stop Oil protestors get on to vessels as well as adhesive on their own to streets Ecological militants have actually remained to shut out UK oil stations as portion of an initiative to interfere with the nonrenewable fuel source sector regardless of lots of […]
Record metals boom may threaten transition to green energy
Demand and prices are soaring for minerals essential to the construction of low-carbon infrastructure The commodities boom ignited by China’s post-Covid recovery, and stoked by the global move to green energy, broke price records last week even as fears about inflation stalked the markets. But it also risks triggering a rush on metals and minerals […]
BlackRock votes against 49 companies for lack of climate crisis progress
World’s largest asset manager reveals votes against directors on environment issues BlackRock, the world’s largest asset manager, has disclosed that in the past year it has voted 55 times against directors at 49 companies for failing to make progress on tackling the climate crisis. The firm announced its sustainability focus in January, when it said […]
The Guardian view on the climate and coronavirus: global warnings | Editorial
Steep falls in emissions have been the pandemic’s immediate effect. But what’s needed is a green recovery Coronavirus – latest updates See all our coronavirus coverage So far, discussions of a coronavirus exit strategy have mainly focused on the steps that could bring an end to the lockdown. In the short term, both in the […]
Global Witness accuses UK of ‘rank hypocrisy’ on fossil fuel projects
Campaign group says UK’s export credit agency broke OECD’s rules with £2m of fossil fuel financing The UK government’s export credit agency has fallen foul of OECD guidelines by offering multibillion-pound support to fossil fuel projects overseas despite global efforts to tackle the climate crisis, according to a campaign group. Global Witness has accused the […]
Climate crisis and Covid-19 conspire to crush oil firms like Tullow
The prospector’s results, due this week, are likely to reveal that it and its rivals are facing a serious crisis Tullow Oil may emerge as the latest casualty of the coronavirus this week as it prepares to lay bare the toll of a difficult year, amid growing investor concern for the oil industry in the […]
Change climate policy now to avert oil market crisis, warns thinktank
Governments risk derailing global fossil fuel demand with ‘handbrake turns’ in future The oil industry is at risk of a global market shock that could halve the value of fossil fuel investments if governments delay setting policies to tackle the climate crisis, according to new analysis. A report by Carbon Tracker, a financial thinktank, warned […]