Tag #Fossil Fuels

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sueddeutsche.de

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May 5, 16:13

ESMA's Sustainable Fund Rules Prompt Widespread Fund Renaming and Restructuring

Facing a May 21, 2025 deadline for new EU sustainable fund naming rules, major European fund companies like Union Investment, DWS, Allianz Global Investors, and Deka have renamed or adjusted dozens of funds to comply with stricter investment criteria, revealing discrepancies between marketing and ac...

ESMA's Sustainable Fund Rules Prompt Widespread Fund Renaming and Restructuring

Facing a May 21, 2025 deadline for new EU sustainable fund naming rules, major European fund companies like Union Investment, DWS, Allianz Global Investors, and Deka have renamed or adjusted dozens of funds to comply with stricter investment criteria, revealing discrepancies between marketing and ac...

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Responsible Consumption and Production

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What are the underlying causes of the discrepancies between the advertised ESG approaches of many funds and their actual investment practices?

This ESMA directive, effective November 2024 for new EU funds, prompted significant changes. Bloomberg reports that major fund companies renamed or adjusted dozens of funds, including Union Investment (rebranding 10 of 13 funds) and DWS (adjusting numerous ESG funds and renaming others, such as the "DWS Invest ESG Women for Women" fund). Allianz Global Investors and Deka also made similar changes.

abcnews.go.com

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May 2, 10:12

DOJ Sues Four States Over Climate Actions

The U.S. Justice Department filed lawsuits against Hawaii, Michigan, New York, and Vermont, challenging their climate-related actions—including legal action against fossil fuel companies and climate superfund laws—as conflicting with federal authority and President Trump's energy agenda.

DOJ Sues Four States Over Climate Actions

The U.S. Justice Department filed lawsuits against Hawaii, Michigan, New York, and Vermont, challenging their climate-related actions—including legal action against fossil fuel companies and climate superfund laws—as conflicting with federal authority and President Trump's energy agenda.

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Climate Action

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What are the immediate consequences of the Justice Department's lawsuits against the four states regarding their climate actions?

The Justice Department sued four states this week, alleging their climate change initiatives contradict federal authority and the Trump administration's energy policy. These lawsuits target Hawaii and Michigan's planned legal action against fossil fuel companies and New York and Vermont's climate superfund laws, which would compel fossil fuel companies to contribute to state funds based on past greenhouse gas emissions. The DOJ argues that these state actions interfere with the Clean Air Act, which grants the EPA authority to set nationwide standards for greenhouse gas emissions.

theguardian.com

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May 2, 01:16

US Justice Department Sues Hawaii and Michigan to Block Fossil Fuel Climate Lawsuits

The US Justice Department filed lawsuits against Hawaii and Michigan, preemptively blocking their planned legal action against fossil fuel companies for climate damages, arguing that state actions conflict with federal authority under the Clean Air Act and the Trump administration's energy agenda.

US Justice Department Sues Hawaii and Michigan to Block Fossil Fuel Climate Lawsuits

The US Justice Department filed lawsuits against Hawaii and Michigan, preemptively blocking their planned legal action against fossil fuel companies for climate damages, arguing that state actions conflict with federal authority under the Clean Air Act and the Trump administration's energy agenda.

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Climate Action

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What are the legal arguments used by the Justice Department to justify its preemptive lawsuits, and how do these arguments relate to the Trump administration's energy policy?

The lawsuits challenge states' rights to hold fossil fuel companies accountable for climate change impacts, exemplified by Hawaii's plan to address the Lahaina wildfire and Michigan's investigation into the industry's environmental harm. The Justice Department's actions align with the Trump administration's pro-fossil fuel energy agenda, prioritizing domestic energy security over state-level environmental regulations. This strategy could stifle climate action initiatives across the US.

nytimes.com

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May 1, 01:17

Trump Administration Weakens Environmental Regulations

The Trump administration planned to weaken U.S. environmental regulations, potentially increasing pollution and harming public health, while simultaneously halting renewable energy projects and accelerating fossil fuel extraction, contradicting global efforts to reduce greenhouse gas emissions.

Trump Administration Weakens Environmental Regulations

The Trump administration planned to weaken U.S. environmental regulations, potentially increasing pollution and harming public health, while simultaneously halting renewable energy projects and accelerating fossil fuel extraction, contradicting global efforts to reduce greenhouse gas emissions.

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Climate Action

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What were the immediate consequences of the Trump administration's rollback of environmental regulations?

The Trump administration planned to weaken environmental regulations, potentially increasing pollution and harming public health. This included relaxing car emission standards, reducing limits on soot and mercury, and rolling back protections for waterways. These actions directly contradict efforts to mitigate climate change and improve environmental quality.

nos.nl

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Apr 27, 16:11

Dutch Climate Fund Diverted for Gas Tax Reduction and Fossil Fuel Subsidies

The Dutch government will use €500 million from its climate fund to reduce the gas tax for households in 2026-2028 and reinstate the IKC-regeling, a subsidy compensating industries for increased energy costs due to CO2 regulations, actions that are criticized by experts as counterproductive to clima...

Dutch Climate Fund Diverted for Gas Tax Reduction and Fossil Fuel Subsidies

The Dutch government will use €500 million from its climate fund to reduce the gas tax for households in 2026-2028 and reinstate the IKC-regeling, a subsidy compensating industries for increased energy costs due to CO2 regulations, actions that are criticized by experts as counterproductive to clima...

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Climate Action

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What are the underlying causes of the repeated misallocation of climate funds in the Netherlands, and what are the specific consequences of these actions?

This misallocation of climate funds reflects a broader pattern of policy inconsistencies. The government justifies the gas tax reduction as legally permissible due to the fund's flexible nature, but experts highlight the conflicting incentive to increase gas consumption. Similarly, the compensation for indirect CO2 costs undermines efforts to incentivize emissions reduction, highlighting a systemic issue in aligning financial incentives with climate targets.

news.sky.com

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Apr 25, 01:17

UK Prioritizes Clean Energy for National Security Amidst Global Policy Divergence

At a UK energy summit, Prime Minister Rishi Sunak championed clean energy for national security, contrasting with the US's emphasis on abundant fossil fuels; the EU and China support clean energy, while the UK seeks energy independence.

UK Prioritizes Clean Energy for National Security Amidst Global Policy Divergence

At a UK energy summit, Prime Minister Rishi Sunak championed clean energy for national security, contrasting with the US's emphasis on abundant fossil fuels; the EU and China support clean energy, while the UK seeks energy independence.

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Affordable and Clean Energy

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What are the potential long-term consequences of this global energy policy divergence, specifically regarding geopolitical dynamics, technological innovation, and climate change mitigation?

The contrasting positions of the US and other nations highlight a significant global energy policy divergence. While the US emphasizes abundant energy as crucial for economic growth and poverty reduction, other nations see clean energy as a key element of national security and a hedge against volatile fossil fuel markets. The ongoing trade negotiations between the US and Europe/UK, involving fossil fuels, create potential tension and uncertainty for the clean energy transition.

forbes.com

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May 2, 16:14

DOJ Sues Hawaii and Michigan to Block Climate Change Lawsuits

The U.S. Department of Justice filed lawsuits against Hawaii and Michigan to prevent them from suing fossil fuel companies for climate change damages, asserting federal authority under the Clean Air Act and arguing that state lawsuits would disrupt interstate commerce.

DOJ Sues Hawaii and Michigan to Block Climate Change Lawsuits

The U.S. Department of Justice filed lawsuits against Hawaii and Michigan to prevent them from suing fossil fuel companies for climate change damages, asserting federal authority under the Clean Air Act and arguing that state lawsuits would disrupt interstate commerce.

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Climate Action

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How does the DOJ's legal strategy connect to the Trump administration's broader energy and climate policy goals?

The DOJ's lawsuits reflect the Trump administration's broader energy and climate policy agenda, which seeks to reverse Biden-era policies and reduce regulatory hurdles for fossil fuel companies. The lawsuits target states like Hawaii (80% energy from oil/gas) and Michigan, preventing them from pursuing legal action against companies extracting and refining fossil fuels outside their borders. This strategy aims to slow down climate-related lawfare.

cbsnews.com

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May 2, 01:16

DOJ Sues Hawaii and Michigan, Blocking Climate Lawsuits Against Fossil Fuel Companies

The U.S. Justice Department filed lawsuits against Hawaii and Michigan, preemptively blocking their planned legal action against fossil fuel companies for climate change damages, citing conflict with federal authority and the Trump administration's energy agenda; legal experts call this unprecedente...

DOJ Sues Hawaii and Michigan, Blocking Climate Lawsuits Against Fossil Fuel Companies

The U.S. Justice Department filed lawsuits against Hawaii and Michigan, preemptively blocking their planned legal action against fossil fuel companies for climate change damages, citing conflict with federal authority and the Trump administration's energy agenda; legal experts call this unprecedente...

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Climate Action

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What are the arguments used by the DOJ to justify its lawsuits against Hawaii and Michigan?

The DOJ's lawsuits challenge the states' authority to regulate greenhouse gas emissions, arguing that the Clean Air Act grants the EPA this power. Hawaii and Michigan's lawsuits target fossil fuel companies for alleged climate-related harms, including Hawaii's 2023 Lahaina wildfire. The DOJ's action is aligned with the Trump administration's broader push to support the fossil fuel industry and limit environmental regulations.

theguardian.com

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May 1, 16:13

UK Banks Invest \$100 Billion in 'Carbon Bomb' Projects

Between 2016 and 2023, nine London-based banks invested over \$100 billion in 117 'carbon bomb' projects across 28 countries, potentially releasing 420 billion tonnes of carbon emissions, jeopardizing international climate goals.

UK Banks Invest \$100 Billion in 'Carbon Bomb' Projects

Between 2016 and 2023, nine London-based banks invested over \$100 billion in 117 'carbon bomb' projects across 28 countries, potentially releasing 420 billion tonnes of carbon emissions, jeopardizing international climate goals.

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Climate Action

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What is the immediate impact of UK banks' investments in carbon bomb projects on global climate goals?

Nine London-based banks, including HSBC, NatWest, Barclays, and Lloyds, have invested over \$100 billion in 117 'carbon bomb' projects between 2016 and 2023. These projects, if completed, could release 420 billion tonnes of carbon emissions, exceeding a decade's worth of global CO2 emissions. This contradicts the UK's stated climate goals.

theguardian.com

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Apr 30, 22:13

UK Climate Report Underscores Urgent Need for Action Amidst Political Debate

The UK's Climate Change Committee issued a dire warning about inadequate flood defenses, coinciding with Tony Blair's suggestion to delay fossil fuel reduction efforts—a stance that drew sharp criticism from climate experts and contrasts with widespread public support for rapid green transitions.

UK Climate Report Underscores Urgent Need for Action Amidst Political Debate

The UK's Climate Change Committee issued a dire warning about inadequate flood defenses, coinciding with Tony Blair's suggestion to delay fossil fuel reduction efforts—a stance that drew sharp criticism from climate experts and contrasts with widespread public support for rapid green transitions.

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Climate Action

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What is the most significant finding of the Climate Change Committee's report, and what are its immediate implications for the UK?

The UK's Climate Change Committee delivered a stark warning about the country's inadequate flood defenses, highlighting the urgent need for action to prevent a future disaster. The report follows recent extreme weather, including record rainfall and wildfires, emphasizing the immediate and lethal nature of climate risks. This assessment was overshadowed in the media by Tony Blair's suggestion to delay fossil fuel reduction efforts.

dailymail.co.uk

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Apr 25, 13:18

111 Companies Caused $28 Trillion in Climate Damage

A Dartmouth College study quantifies climate damage caused by 111 companies at $28 trillion since 1991, with Saudi Aramco incurring the highest losses ($2.05 trillion) primarily due to extreme heat resulting from their greenhouse gas emissions.

111 Companies Caused $28 Trillion in Climate Damage

A Dartmouth College study quantifies climate damage caused by 111 companies at $28 trillion since 1991, with Saudi Aramco incurring the highest losses ($2.05 trillion) primarily due to extreme heat resulting from their greenhouse gas emissions.

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Climate Action

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How does the study's methodology link specific companies' emissions to quantifiable climate damages, and what are the implications for legal action?

The study establishes a causal link between the emissions of 111 companies and $28 trillion in economic losses due to climate change, primarily extreme heat. This research utilizes advanced climate attribution science and extensive data to quantify the economic impact of specific corporate emissions, significantly advancing climate liability cases. The top five emitters alone account for $9 trillion in losses.

politico.eu

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Apr 25, 10:14

Trump Administration Attempts to Block IEA's Clean Energy Research

U.S. officials are attempting to block the International Energy Agency (IEA) from publishing data that supports renewable energy, clashing with European members who defend the agency's work on clean energy research; this reflects broader tensions between the Trump administration and international or...

Trump Administration Attempts to Block IEA's Clean Energy Research

U.S. officials are attempting to block the International Energy Agency (IEA) from publishing data that supports renewable energy, clashing with European members who defend the agency's work on clean energy research; this reflects broader tensions between the Trump administration and international or...

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Climate Action

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How does this conflict reflect broader geopolitical tensions and competing energy interests?

The U.S. efforts to influence the IEA's research agenda are connected to the Trump administration's broader campaign to restructure global governmental bodies. This reflects a prioritization of fossil fuel interests, contrasting sharply with the IEA's research promoting renewable energy. The dispute highlights tensions between nations prioritizing renewable energy and those with vested interests in the fossil fuel industry, potentially impacting global energy policy and investment decisions.

Showing 61 to 72 of 239 results