What does it mean to divest from fossil fuels?

The fossil fuel divestment campaign has become one of the biggest anti-corporate campaigns. The institutions committed to divesting are estimated to be worth $39 trillion, more than the annual GDP of the US and China combined. Fossil fuel divestment is the act of investing in climate solutions and selling stakes in non-renewable energy sources. Divestment

Fossil fuel firms among biggest spenders on Google ads

Fossil fuel companies are among the biggest spenders on Google ads that look like search results, revealed a joint study by The Guardian and InfluenceMap, a think-tank that tracks the lobbying efforts of polluting industries. As part of the study, 78 climate-related terms were searched on Google and it was found that one in five

Gas utilities push RNG and hydrogen to expand fossil fuel infrastructure

Electric and gas utilities are increasingly targeting customers, regulators, and investors with the promise of “renewable natural gas,” or biomethane, and hydrogen gas. In their promotions, the utilities have claimed that these technologies will allow them to build gas-fueled power plants and gas pipelines today while remaining on a pathway toward “net-zero” emissions climate goals.

India’s 2021 oil product exports rise on robust cracks

India’s oil product exports edged up on the year in 2021, even as domestic demand rose, with product cracks widening on the back of an economic recovery in the Asia-Pacific region.Preliminary data from Vortexa show product shipments of 1.4mn b/d last year, compared with 1.3mn b/d in 2020. Exports were 1.6mn b/d in December, up

India to attract large investments due to COP26 commitments: ICRA

The commitments on emission control made by India at the recent Glasgow COP26 summit are expected to benefit the country in the long-term with new technologies in energy efficiency, carbon reduction and green fuels, rating agency ICRA said adding this is likely to attract investment in billions across sectors. ICRA, in its recent research report,

Goldman says carbon net zero shift will likely boost inflation

The global push to achieve net zero carbon emissions will likely result in a meaningful boost to inflation, according to analysts at Goldman Sachs Group Inc.    Based on the assumption that carbon taxes would rise to $100 a ton by 2030, the analysts led by Jan Hatzius calculated the likely rise in prices in

Clean energy initiatives to decarbonise the economy

Technology has contributed towards the country’s economic development, but now it’s important to leverage tech solutions to make the future green, sustainable and habitable. Strategic measures for mitigating climate change, shared mobility, and better usage of water and electricity can help make this a reality. Organisations are chalking out newer technologies and innovative approaches to

Are emissions levels getting higher or lower?

Six years ago, world leaders from over 190 nations around the globe gathered in Paris to try and prevent the most catastrophic consequences of climate change. Their aim was simple: to agree to take concerted measures to limit global warming to a ceiling of 1.5°C compared to temperatures prior to the Industrial Revolution. It would

Portland-area buses now fuelled with renewable diesel

All TriMet buses running on routes throughout the tri-county Portland metro area located in Oregon, USA, are powered by a much cleaner-burning fuel – renewable diesel. TriMet is using a blend of 99 per cent renewable diesel and 1 per cent petroleum. The change in fuels will reduce the carbon dioxide equivalent emissions coming from

More than one lakh over-aged diesel vehicles de-registered in Delhi

As many as one lakh over-aged diesel vehicles have been de-registered in Delhi, said Delhi Transport Minister Kailash Gehlot. Delhi Transport Minister Kailash Gehlot informed today that so far about one lakh such diesel vehicles have been de-registered, which are more than 10-year-old. Apart from this, petrol vehicles older than 15 years are also being