Tag #Fossil Fuels

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theglobeandmail.com

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Mar 31, 22:16

NDP Proposes $1.8 Billion Home Retrofit Plan Funded by Oil and Gas Subsidy Cuts

The NDP plans to retrofit 3.3 million Canadian homes over 10 years, costing $1.8 billion annually, funded by cuts to oil and gas subsidies and a new border carbon adjustment, aiming to save families up to $4,500 annually on energy bills and create jobs.

NDP Proposes $1.8 Billion Home Retrofit Plan Funded by Oil and Gas Subsidy Cuts

The NDP plans to retrofit 3.3 million Canadian homes over 10 years, costing $1.8 billion annually, funded by cuts to oil and gas subsidies and a new border carbon adjustment, aiming to save families up to $4,500 annually on energy bills and create jobs.

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How does the NDP's plan intend to save families money and create jobs?

Funding for this initiative would come from $1.8 billion in annual cuts to oil and gas industry subsidies and tax breaks, as per NDP calculations using parliamentary budget officer figures. The party also plans a "border carbon adjustment" on goods from countries lacking carbon pricing, though details are pending.

gr.euronews.com

🌐 85% Global Worthiness

Mar 26, 01:14

Shell Prioritizes Fossil Fuels, Cuts Costs, Boosts Shareholder Returns

Shell announced a cost-cutting plan, prioritizing fossil fuel production over renewable energy to increase shareholder returns by 40%-50%, reducing annual costs by $5-$7 billion by 2028, despite reduced 2024 profits compared to 2023, causing climate activist backlash.

Shell Prioritizes Fossil Fuels, Cuts Costs, Boosts Shareholder Returns

Shell announced a cost-cutting plan, prioritizing fossil fuel production over renewable energy to increase shareholder returns by 40%-50%, reducing annual costs by $5-$7 billion by 2028, despite reduced 2024 profits compared to 2023, causing climate activist backlash.

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How does Shell's cost-cutting strategy balance the need for increased shareholder returns with its stated commitment to climate goals?

Shell's strategy prioritizes maximizing returns from fossil fuels, reducing investment in renewable energy to increase shareholder payouts by 40%-50% of cash flows from operations, and cutting annual costs by $5 billion to $7 billion by 2028. This shift reflects investor pressure for higher profits from established energy sources.

euronews.com

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Mar 25, 04:07

Global Energy Demand Soars, Driving Emissions Increase Despite Renewable Growth

Global energy demand increased by 2.2% in 2024, driven by electricity use (up 4.3%), resulting in a 0.8% rise in energy-related carbon emissions despite record renewable energy generation. Extreme weather exacerbated fossil fuel use.

Global Energy Demand Soars, Driving Emissions Increase Despite Renewable Growth

Global energy demand increased by 2.2% in 2024, driven by electricity use (up 4.3%), resulting in a 0.8% rise in energy-related carbon emissions despite record renewable energy generation. Extreme weather exacerbated fossil fuel use.

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How did extreme weather events specifically contribute to the rise in energy demand and the increased reliance on fossil fuels?

Extreme weather significantly impacted energy demand, accounting for a fifth of the increased natural gas and electricity needs and all of the coal increase (123 million tonnes). This highlights the vulnerability of energy systems to climate change impacts.

forbes.com

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Mar 24, 22:09

Fossil Fuel Demand Soars Despite Renewable Energy Growth

Global fossil fuel demand hit record highs in 2024, driven by China and India, despite solar power's significant contribution to energy supply growth; this underscores the challenges of a complete energy transition.

Fossil Fuel Demand Soars Despite Renewable Energy Growth

Global fossil fuel demand hit record highs in 2024, driven by China and India, despite solar power's significant contribution to energy supply growth; this underscores the challenges of a complete energy transition.

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What were the primary drivers of the record-high global fossil fuel demand in 2024, and what are the implications for the global energy transition?

In 2024, global demand for fossil fuels reached record highs, primarily driven by China and India. Simultaneously, solar power contributed 38% of global energy supply growth, yet fossil fuels still accounted for 54% of the increase.

theguardian.com

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Mar 20, 19:17

Greenpeace Ordered to Pay \$660 Million in Dakota Access Pipeline Protest Case

A North Dakota jury ordered Greenpeace to pay Energy Transfer \$660 million for its role in protests against the Dakota Access Pipeline in 2016-2017, prompting concerns about the weaponization of the legal system to silence dissent and restrict free speech.

Greenpeace Ordered to Pay \$660 Million in Dakota Access Pipeline Protest Case

A North Dakota jury ordered Greenpeace to pay Energy Transfer \$660 million for its role in protests against the Dakota Access Pipeline in 2016-2017, prompting concerns about the weaponization of the legal system to silence dissent and restrict free speech.

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What are the immediate consequences of the \$660 million verdict against Greenpeace, and how might it impact future environmental activism?

A North Dakota jury ordered Greenpeace to pay Energy Transfer \$660 million for defamation and other claims related to 2016-2017 protests against the Dakota Access Pipeline. This verdict has sparked concerns from advocacy groups about the weaponization of the legal system to silence dissent and restrict free speech.

lexpress.fr

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Mar 16, 16:12

Rheinmetall's Rise Exposes Europe's Energy Contradiction"

In early 2025, Rheinmetall's market value exceeded Volkswagen's, reaching €23 billion, due to increased military production demands, prompting Germany to prioritize fossil fuel use despite climate goals, raising questions about long-term energy security and geopolitical implications.

Rheinmetall's Rise Exposes Europe's Energy Contradiction"

In early 2025, Rheinmetall's market value exceeded Volkswagen's, reaching €23 billion, due to increased military production demands, prompting Germany to prioritize fossil fuel use despite climate goals, raising questions about long-term energy security and geopolitical implications.

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How does Germany's reliance on fossil fuels for military production affect its climate goals and broader energy transition?

This industrial shift highlights Europe's energy challenge. Heavy weapons manufacturing is energy-intensive, relying on both electricity and fossil fuels (primarily natural gas). Germany's energy policy, including increased reliance on gas and coal, directly contradicts its green energy goals.",

nrc.nl

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Mar 31, 07:15

Milieudefensie Sues ING Over Fossil Fuel Investments

Milieudefensie sued ING, demanding it halt investments in new fossil fuel projects, halve its emissions by 2030, and mandate transition plans from all clients, highlighting the bank's significant role in global emissions.

Milieudefensie Sues ING Over Fossil Fuel Investments

Milieudefensie sued ING, demanding it halt investments in new fossil fuel projects, halve its emissions by 2030, and mandate transition plans from all clients, highlighting the bank's significant role in global emissions.

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What are the immediate implications of Milieudefensie's lawsuit against ING for the bank's fossil fuel investments and climate commitments?

Milieudefensie is suing ING, demanding the bank cease investments in new fossil fuel projects, halve its emissions by 2030, and require transition plans from all its clients. This action highlights the urgency of climate change and the financial sector's role in it.

repubblica.it

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Mar 25, 01:11

Global Electricity Demand Surges to Record High in 2024

Global electricity demand increased by 4.3% in 2024, the highest ever recorded excluding post-recession years, driven by increased use of energy-intensive appliances and the digitalization of industries, with renewable sources covering most of the growth while mitigating CO2 emissions.

Global Electricity Demand Surges to Record High in 2024

Global electricity demand increased by 4.3% in 2024, the highest ever recorded excluding post-recession years, driven by increased use of energy-intensive appliances and the digitalization of industries, with renewable sources covering most of the growth while mitigating CO2 emissions.

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Affordable and Clean Energy

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What are the primary factors driving the unprecedented surge in global electricity demand in 2024, and what are the immediate consequences?

Global electricity demand surged by 4.3% in 2024, exceeding overall energy demand growth (2.2%) and GDP growth (3.2%). This is the largest increase ever recorded, excluding post-recession rebounds. The rise reflects structural trends like increased use of energy-intensive appliances and electrification.

welt.de

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Mar 24, 16:09

Global Energy Demand Surges, Driven by ACs, AI, Partially Offset by Renewables

Global energy demand rose 4.3 percent in 2024 due to increased electricity consumption from air conditioners and AI, partially offset by record renewable energy growth, yet fossil fuels, especially gas, remain significant.

Global Energy Demand Surges, Driven by ACs, AI, Partially Offset by Renewables

Global energy demand rose 4.3 percent in 2024 due to increased electricity consumption from air conditioners and AI, partially offset by record renewable energy growth, yet fossil fuels, especially gas, remain significant.

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What were the primary drivers of the significant increase in global energy demand in 2024, and what were the immediate consequences?

Global energy demand surged in 2024, primarily driven by increased electricity consumption (up 4.3 percent) from air conditioners and AI. This increase is almost double the average of the past decade. Renewables and nuclear power significantly offset this rise, but fossil fuels, especially gas, remain crucial.

theglobeandmail.com

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Mar 21, 01:13

Canadian Oil CEOs' Demand for Expansion Contradicts Net-Zero Pledges

Fourteen Canadian oil and gas CEOs urged all political parties to expand fossil fuel production, weaken environmental rules, and increase subsidies, contradicting previous net-zero pledges, forcing Bay Street to decide between financing expansion or adhering to its climate commitments.

Canadian Oil CEOs' Demand for Expansion Contradicts Net-Zero Pledges

Fourteen Canadian oil and gas CEOs urged all political parties to expand fossil fuel production, weaken environmental rules, and increase subsidies, contradicting previous net-zero pledges, forcing Bay Street to decide between financing expansion or adhering to its climate commitments.

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How did the Canadian oil and gas industry's previous net-zero pledges compare to their actual investments and emissions?

The CEOs' letter reveals a pattern of greenwashing by Canadian oil and gas companies, who made incredible net-zero pledges while continuing to expand production and emissions. This deception occurred despite warnings from Canadian securities regulators and the Competition Bureau's strengthened anti-greenwashing law.

dw.com

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Mar 19, 10:15

Turkey's Climate Bill: ETS Focus Amidst Criticism

Turkey's parliament will likely pass its first climate bill this week, focusing on establishing an Emission Trading System (ETS) to address the EU's Carbon Border Adjustment Mechanism (CBAM), despite criticism for lacking sufficient emission reduction targets, a fossil fuel phase-out plan, and a jus...

Turkey's Climate Bill: ETS Focus Amidst Criticism

Turkey's parliament will likely pass its first climate bill this week, focusing on establishing an Emission Trading System (ETS) to address the EU's Carbon Border Adjustment Mechanism (CBAM), despite criticism for lacking sufficient emission reduction targets, a fossil fuel phase-out plan, and a jus...

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How does the proposed climate law address the economic implications of the EU's CBAM, and what are the potential drawbacks of this approach?

The proposed climate law prioritizes mitigating economic risks from the EU's CBAM by establishing an Emission Trading System (ETS) to keep carbon costs within Turkey. Experts, however, argue that this economic focus overshadows crucial climate goals, highlighting the absence of concrete emission reduction targets and a fossil fuel phase-out plan.

theguardian.com

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Mar 15, 16:12

CeraWeek 2024: Fossil Fuel Industry Celebrates Energy Dominance Amidst Internal Uncertainty

At this year's CeraWeek, the fossil fuel industry celebrated the Trump administration's environmental rollbacks and focus on energy dominance, abandoning previous sustainability pledges; this shift, however, is not without internal concerns regarding regulatory uncertainty and potential price drops,...

CeraWeek 2024: Fossil Fuel Industry Celebrates Energy Dominance Amidst Internal Uncertainty

At this year's CeraWeek, the fossil fuel industry celebrated the Trump administration's environmental rollbacks and focus on energy dominance, abandoning previous sustainability pledges; this shift, however, is not without internal concerns regarding regulatory uncertainty and potential price drops,...

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What are the immediate consequences of the Trump administration's energy policy on the US fossil fuel industry and its public image?

CeraWeek, a major fossil fuel industry conference, showcased a stark shift from previous years' focus on sustainability to a celebration of energy dominance under the Trump administration. This was marked by industry executives praising the administration's environmental rollbacks and increased oil production.

Showing 1 to 12 of 155 results