A new report says fossil fuel subsidies will be 31% higher in this year. The increase is driven by fuel tax credits and concessions, and subsidies for coal mining and gas pipelines.
Subsidies to Australia’s fossil fuel industries are short-changing taxpayers and the climate, a think tank says. Without reform, the most costly national subsidy – the fuel tax credit scheme – is expected to keep growing and prolong the dependence on diesel and petrol, the left-leaning Australia Institute said in a report released on Monday. The […]
The world's biggest banks financed fossil fuels to the tune of $705 billion in 2023, with U.S. and Japanese lenders leading the way, an annual report by climate campaigners said Monday. Since the 2015 Paris climate agreement, the top 60 banks have provided a total of $6.9 trillion to the
Banks including JPMorgan Chase, Citibank and Wells Fargo have invested trillions into fossil fuels since the Paris Agreement was signed.
Michigan Attorney General Dana Nessel has initiated a groundbreaking legal challenge against fossil fuel companies.
Fossil Free Books’ statement also demands that the book festival sponsor stops investing in ‘companies that profit from Israeli apartheid, occupation and genocide’More than 200 authors including Naomi Klein, Sally Rooney and George Monbiot have signed a statement by Fossil Free Books (FFB), which puts increased pressure on investment management firm Baillie Gifford, sponsors of the Baillie Gifford prize for nonfiction. In addition to the reiteration of its previous demands that the company...
Vermont lawmakers have passed a bill aimed at holding big fossil fuel companies accountable for the damage caused by climate change.
Exclusive: Walkley Foundation changes donation policy, saying it won’t accept support from companies that ‘offer no tangible benefit to humanity’Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe Walkley Foundation will not renew its major sponsorship deal with the fossil fuel company Ampol after changing its donation policy to sever ties with companies whose dealings “offer no tangible benefit to humanity”.Ampol’s...
In March, NPR’s David Folkenflik and Miranda Green of Floodlight co-published a story about The Richmond Standard, a local news site in the town of Richmond, California, that is wholly owned by Chevron. There are no full-time journalists on staff; a PR firm in San Francisco oversees the publication’s operations. It is, Folkenflik and Green
Vermont lawmakers passed a bill this week that is designed to make big fossil fuel companies pay for damage from weather disasters fueled by climate change. The legislation is modeled after the Environmental Protection Agency’s superfund program, which requires the companies responsible for environmental contamination to either clean sites up themselves or reimburse the government for the costs of work to do so. Vermont’s bill, referred to as its Climate Superfund Act, would similarly mandate...
U.S. banks accounted for 30% of the $705 billion private global banks spent on fossil fuel financing in 2023, per the Banking on Climate Chaos report.
This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. The world’s big banks have handed nearly $7 trillion in funding to the fossil fuel industry since the Paris agreement on carbon emissions, according to research. In 2016, after talks in Paris, 196 countries signed an agreement to limit global heating as […]