Majority of US states pursue nuclear power for emission cuts

Many states in the US are coming to the conclusion that solar, wind and other renewable power sources might not be enough to keep the lights on as they seek to dramatically cut their use of fossil fuels. Nuclear power is emerging as an answer to fill the gap as they transition away from coal,

BMW developing a new generation of internal combustion engines

BMW might be aiming to achieve zero-emission mobility, but the carmaker is working on a new generation of petrol and diesel engines, claims a report by Auto Motor und Sport. The report claims that this new generation of petrol and diesel six and eight-cylinder engines will come with significantly reduced CO2 emission levels. The report

Power sector emissions reached record high in 2021

The early 2022 edition of the Agency’s bi-annual Electricity Market Report has just been published, revealing how nations are largely turning to fossil fuels to meet the increase in electricity demand as Covid-19 lockdown restrictions are lifting. According to the report, the global electricity demand rose 6 per cent year-on-year in 2021 – the steepest

Want to derail the energy transition? Take fossil fuels out of the mix

Amid steadily increasing atmospheric carbon dioxide levels, governments worldwide face a multidecade challenge: how to decarbonize without jeopardizing their hold on power. Energy is modern civilization’s blood oxygen—an afterthought unless something crimps access to it, at which point a multiple organ crisis rapidly ensues. Consider the tumult following staple fuel price increases in Kazakhstan in

HSBC slammed for ‘unbelievable’ 2022 fossil fuel investment

Despite “warm words” on climate action during COP26 in Glasgow, HSBC’s continued investment in fossil fuels is “unbelievable”, climate groups have said. Environmental activist group Market Forces has said it has obtained figures which show HSBC is continuing to finance oil and gas deals in 2022. The group claims this flies in the face of

Carbon offset credits set to soar on net zero ambitions

The price of carbon offsets – widely used by those seeking to counterbalance their pollution – is expected to rise by as much as 4800 per cent by 2050, as major emitters scramble to meet net zero targets. Carbon offsets were in 2020 being sold for about $US2.50 a tonne but with many countries pledging

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