fossilfuels
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 ...
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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...
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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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A record-sized carbon capture plant has launched in Iceland, in what advocates say is another “proof point” for the climate-change-tackling technology. The Mammoth direct air capture and storage (DAC+S) plant run by Climeworks is 10 times bigger than the Swiss company’s previous plant, Orca. Both are based inside the Hellisheiði geothermal park, which holds a large power plant. Once fully operational, the modular Mammoth will suck up to 36,000 tonnes of CO2 from the surrounding air a year using giant fans. By contrast, carbon capture is carried out at the point of emissions - before they can r...
Euronews (English)
More than 30 per cent of the world’s energy is now generated using renewables and the European Union is well ahead of this global average, a new report has found. Energy think tank Ember found that major growth in wind and solar helped push global electricity production past this milestone in 2023. The report covers 80 countries which represent 92 per cent of the world’s energy demand and historic data from 215 other countries. Its authors say that this rapid growth has brought the world to a crucial turning point where fossil fuel generation starts to decline. Clean power sources have already...
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The annual Petersberg Climate Dialogue conference has taken place in Berlin, Germany. Annalena Baerbock, German Foreign Minister, opened the conference with a reminder to countries with major economies to take responsibility for climate targets. She called on polluting countries to pay more to help poorer nations deal with climate change. "I strongly urge those who can to join our effort, and particularly the strongest polluters of today, particularly looking at the G20. Because strong economies share strong responsibilities," she said. The conference was an opportunity for discussing the agen...
Euronews (English)
For decades, the tobacco industry misused science to hide the harms of its products and create confusion about the interventions needed to reduce that harm; it lobbied to avoid regulation and shape policies in its favour. Growing evidence shows that the fossil fuel industry not only uses exactly the same techniques but has also worked jointly with the tobacco industry to shape regulatory rules in their shared interest. Yet, the two industries are treated entirely differently when it comes to policy-making: while there are rules protecting policymaking from the tobacco industry — a firewall kno...
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