Tag #Fossil Fuels

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nrc.nl

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Feb 6, 04:09

ING Faces Lawsuit Over Allegedly Misrepresented Fossil Fuel Financing

Milieudefensie, citing a SOMO report, alleges ING's financing of new oil and gas fields is significantly higher than reported, reaching \$26.4 billion versus ING's claimed \$2.5 billion, leading to an impending lawsuit.

ING Faces Lawsuit Over Allegedly Misrepresented Fossil Fuel Financing

Milieudefensie, citing a SOMO report, alleges ING's financing of new oil and gas fields is significantly higher than reported, reaching \$26.4 billion versus ING's claimed \$2.5 billion, leading to an impending lawsuit.

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What is the key discrepancy between ING's reported fossil fuel financing and SOMO's findings, and what are the immediate implications?

Milieudefensie claims ING's financing of expanding oil companies is far greater than the bank admits, increasing despite its Paris Agreement commitment. SOMO's report, supporting this claim, shows financing of new oil fields at \$26.4 billion, exceeding ING's reported \$2.5 billion.

cbsnews.com

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Feb 4, 04:07

Senate Confirms Fossil Fuel Executive as Energy Secretary

The Senate confirmed Chris Wright, CEO of Liberty Energy, as President Trump's energy secretary, marking a significant shift towards prioritizing fossil fuel production and potentially impacting global climate change efforts; the vote was 59-38.

Senate Confirms Fossil Fuel Executive as Energy Secretary

The Senate confirmed Chris Wright, CEO of Liberty Energy, as President Trump's energy secretary, marking a significant shift towards prioritizing fossil fuel production and potentially impacting global climate change efforts; the vote was 59-38.

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How does Wright's appointment reflect President Trump's overall energy policy and its divergence from previous administrations?

Wright's appointment reflects President Trump's "energy dominance" agenda, prioritizing increased fossil fuel production over climate concerns. This contrasts sharply with the Biden administration's focus on climate action and could lead to increased greenhouse gas emissions. The new National Energy Council, focused on streamlining regulations and boosting domestic production, further underscores this policy change.

theguardian.com

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Feb 3, 13:11

Trump Halts US Clean Energy Development

President Trump's administration has suspended all clean energy development on federal lands, reversed car pollution standards, and halted funding for community solar projects, while simultaneously expanding fossil fuel extraction; this prioritization of fossil fuels over renewables contradicts the ...

Trump Halts US Clean Energy Development

President Trump's administration has suspended all clean energy development on federal lands, reversed car pollution standards, and halted funding for community solar projects, while simultaneously expanding fossil fuel extraction; this prioritization of fossil fuels over renewables contradicts the ...

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What are the immediate consequences of President Trump's executive orders on renewable energy development in the United States?

In his first two weeks, President Trump issued orders to increase fossil fuel extraction, withdraw from the Paris Agreement, and halt all clean energy development on federal land, prioritizing oil, gas, coal, and uranium. This directly impacts renewable energy projects, freezing \$7 billion in funding and halting wind and solar approvals.

dailymail.co.uk

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Jan 31, 01:09

Shell to Appeal 'Unlawful' Jackdaw Gas Project Ruling

A Scottish court ruled Shell's Jackdaw gas field project unlawful due to insufficient indirect emissions consideration, prompting Shell's CEO to appeal to the UK Supreme Court and consider moving its stock market listing from London to New York.

Shell to Appeal 'Unlawful' Jackdaw Gas Project Ruling

A Scottish court ruled Shell's Jackdaw gas field project unlawful due to insufficient indirect emissions consideration, prompting Shell's CEO to appeal to the UK Supreme Court and consider moving its stock market listing from London to New York.

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What are the immediate consequences of the Scottish court's ruling on Shell's Jackdaw gas field project and the UK's energy sector?

Shell's Jackdaw gas field project, approved in 2022, has been deemed 'unlawful' by a Scottish court due to insufficient consideration of indirect emissions. Shell CEO Wael Sawan intends to appeal this decision to the UK Supreme Court, highlighting the project's potential to supply heat to 1.6 million homes.

lemonde.fr

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Jan 30, 04:08

Zeldin Confirmed as EPA Head, Signaling Shift in US Environmental Policy

The US Senate confirmed Lee Zeldin as the new EPA head on January 29th, 2024, by a 56-42 vote. This appointment, praised by the fossil fuel industry and opposed by environmental groups, signals a potential rollback of environmental regulations and increased focus on domestic oil production.

Zeldin Confirmed as EPA Head, Signaling Shift in US Environmental Policy

The US Senate confirmed Lee Zeldin as the new EPA head on January 29th, 2024, by a 56-42 vote. This appointment, praised by the fossil fuel industry and opposed by environmental groups, signals a potential rollback of environmental regulations and increased focus on domestic oil production.

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What are the immediate consequences of Lee Zeldin's confirmation as EPA head?

Lee Zeldin, a close associate of Donald Trump, was confirmed as the head of the Environmental Protection Agency (EPA) with 56 votes in the Senate. This appointment has been praised by the fossil fuel industry but criticized by environmental groups. Zeldin's past actions suggest prioritizing industry interests over environmental protection.

theguardian.com

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Jan 28, 04:09

UK's £12.5bn Fossil Fuel Subsidy Undermines Renewable Energy Goals

The UK government's capacity market scheme has paid over £12.5bn to fossil fuel power plants since 2015, adding to energy bills and potentially delaying the transition to renewable energy.

UK's £12.5bn Fossil Fuel Subsidy Undermines Renewable Energy Goals

The UK government's capacity market scheme has paid over £12.5bn to fossil fuel power plants since 2015, adding to energy bills and potentially delaying the transition to renewable energy.

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How has the UK's capacity market scheme impacted consumer energy bills and the country's commitment to reducing fossil fuel dependence?

The UK government has spent over £12.5 billion since 2015 on fossil fuel power plants through its capacity market scheme, intended to ensure electricity supply during peak demand. This funding, derived from a levy on consumer energy bills, has resulted in contracts for 90 gas plants, some extending until 2040.

theguardian.com

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Feb 5, 16:14

Equinor Cuts Green Spending, Prioritizes Oil Production

Equinor, Norway's state oil company, announced a 50% reduction in its renewable energy investment to \$5 billion over two years, prioritizing oil and gas production, including the controversial Rosebank oilfield in the North Sea, to reach 2.2 million barrels per day by 2030, despite a court ruling a...

Equinor Cuts Green Spending, Prioritizes Oil Production

Equinor, Norway's state oil company, announced a 50% reduction in its renewable energy investment to \$5 billion over two years, prioritizing oil and gas production, including the controversial Rosebank oilfield in the North Sea, to reach 2.2 million barrels per day by 2030, despite a court ruling a...

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What are the long-term implications of Equinor's strategic shift for the UK's energy sector and its climate targets?

Equinor's decision highlights a significant challenge to global climate goals. The reduced investment in renewables, coupled with increased fossil fuel production, will likely increase carbon emissions and hinder efforts to transition to a low-carbon economy. This trend, mirrored by other oil majors, underscores the complex interplay between economic pressures, political decisions, and environmental sustainability.

abcnews.go.com

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Feb 4, 07:07

Senate Confirms Fossil Fuel Executive as Energy Secretary

The Senate confirmed Chris Wright, CEO of Liberty Energy, as President Trump's energy secretary, marking a decisive shift toward prioritizing fossil fuel production and potentially hindering climate change mitigation efforts; the vote was 59-38, with eight Democrats supporting the nomination.

Senate Confirms Fossil Fuel Executive as Energy Secretary

The Senate confirmed Chris Wright, CEO of Liberty Energy, as President Trump's energy secretary, marking a decisive shift toward prioritizing fossil fuel production and potentially hindering climate change mitigation efforts; the vote was 59-38, with eight Democrats supporting the nomination.

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What are the immediate consequences of Chris Wright's confirmation as energy secretary?

The Senate confirmed Chris Wright, CEO of Liberty Energy and a prominent climate change skeptic, as energy secretary. This appointment signals a significant shift toward prioritizing fossil fuel production under the Trump administration. Eight Democrats joined Republicans in supporting the nomination, reflecting a divided perspective on energy policy within the party.

npr.org

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Feb 3, 04:08

Trump Reverses Biden's Climate Agenda: Limited Immediate Impact

President Trump, upon returning to office, immediately withdrew the US from the Paris Climate Agreement, revoked Biden's climate orders, and issued new executive orders promoting fossil fuels; however, the practical impact is limited by the complexity of the energy sector, existing state and local p...

Trump Reverses Biden's Climate Agenda: Limited Immediate Impact

President Trump, upon returning to office, immediately withdrew the US from the Paris Climate Agreement, revoked Biden's climate orders, and issued new executive orders promoting fossil fuels; however, the practical impact is limited by the complexity of the energy sector, existing state and local p...

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What is the immediate, tangible impact of President Trump's executive orders on the US energy sector and climate policies?

President Trump's recent executive orders aim to reverse President Biden's climate agenda and boost fossil fuels. While some climate programs are on hold, the immediate on-the-ground impact is minimal, as Amy Myers Jaffe of NYU points out, shifting the country's energy infrastructure is a slow process. This is further evidenced by the continued boom in oil drilling under Biden's administration.

cbsnews.com

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Jan 31, 04:09

Senate Confirms Burgum as Interior Secretary, Prioritizing Fossil Fuel Production

The Senate confirmed Doug Burgum as Interior Secretary, marking a shift towards increased fossil fuel production on federal lands, reversing previous policies and raising environmental concerns; the vote was 79-18.

Senate Confirms Burgum as Interior Secretary, Prioritizing Fossil Fuel Production

The Senate confirmed Doug Burgum as Interior Secretary, marking a shift towards increased fossil fuel production on federal lands, reversing previous policies and raising environmental concerns; the vote was 79-18.

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What are the immediate implications of Doug Burgum's confirmation as Interior Secretary for U.S. energy policy and environmental protection?

Doug Burgum, confirmed as Interior Secretary with a 79-18 Senate vote, will prioritize boosting fossil fuel production from federal lands. This decision reverses the previous administration's focus on renewable energy and has raised concerns among environmentalists.

forbes.com

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Jan 28, 01:08

Trump's Energy Secretary Nominee Faces Policy Conflicts

President Trump's nomination of Christopher Wright, an energy industry veteran, as Energy Secretary, is met with approval from the energy sector due to his extensive experience; however, his tenure will be complicated by Trump's pro-fossil fuel policies, potentially clashing with the renewable energ...

Trump's Energy Secretary Nominee Faces Policy Conflicts

President Trump's nomination of Christopher Wright, an energy industry veteran, as Energy Secretary, is met with approval from the energy sector due to his extensive experience; however, his tenure will be complicated by Trump's pro-fossil fuel policies, potentially clashing with the renewable energ...

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Affordable and Clean Energy

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How does Wright's experience and the DOE's multifaceted structure influence the challenges of implementing President Trump's energy agenda?

Wright's appointment signals a shift towards industry expertise within the Department of Energy (DOE). His LinkedIn profile highlights a commitment to secure, reliable, and affordable energy, regardless of source. This contrasts with previous administrations where DOE secretaries often lacked direct energy sector experience.

kathimerini.gr

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Jan 26, 22:08

US Withdraws from Paris Agreement, Undermining Global Climate Action

The US withdrew from the Paris Agreement, hindering global climate efforts; this follows 2024 being the hottest year on record and amid devastating wildfires in California costing billions. Simultaneously, Greece's government announced both oil exploration interest and a new Ionian marine park, crea...

US Withdraws from Paris Agreement, Undermining Global Climate Action

The US withdrew from the Paris Agreement, hindering global climate efforts; this follows 2024 being the hottest year on record and amid devastating wildfires in California costing billions. Simultaneously, Greece's government announced both oil exploration interest and a new Ionian marine park, crea...

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What are the immediate consequences of the US withdrawal from the Paris Agreement on global climate action and efforts to reduce greenhouse gas emissions?

The new US president's decision to withdraw from the Paris Agreement is a setback for global climate efforts. The US is the second-largest emitter of greenhouse gases globally and the largest per capita emitter. This action undermines crucial efforts to reduce emissions and limit temperature increase, especially given that 2024 was the hottest year on record, exceeding the critical 1.5°C threshold.

Showing 193 to 204 of 300 results