Category Archives: Fossil fuels

Fears of hottest year on record as global temperatures spike

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Early data shows June temperatures hitting record highs ahead of El Niño that experts say will have significant heating effect

Global temperatures have accelerated to record-setting levels this month, an ominous sign in the climate crisis ahead of a gathering El Niño that could potentially propel 2023 to become the hottest year ever recorded.

Preliminary global average temperatures taken so far in June are nearly 1C (1.8F) above levels previously recorded for the same month, going back to 1979. While the month is not yet complete and may not set a new June record, climate scientists say it follows a pattern of strengthening global heating that could see this year named the hottest ever recorded, topping 2016.

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Germany coalition staves off implosion with 11th-hour heating law amendment

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Environmental groups criticise revision of law that would have banned installation of gas and oil systems

The German government has staved off a power battle that threatened to cause the ruling coalition to implode after finally agreeing an 11th-hour amendment to a controversial new heating law.

Negotiations over the legislation have dominated the headlines for weeks, with the economy minister, Robert Habeck, of the Greens clashing with the pro-liberal Free Democratic party (FDP) over how much consumers should be burdened with the costs of replacing fossil fuel heating systems with cleaner, climate-neutral energy.

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£19.3bn of fossil fuels imported by UK from authoritarian states in year since Ukraine war

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As Russian oil and gas imports fell petrostates including UAE, Qatar and Saudi Arabia increased exports to UK

UK fossil fuel imports from authoritarian petrostates surged to £19.3bn in the year following Russia’s invasion of Ukraine, it can be revealed.

Efforts to end the purchasing of oil and gas from Russia appear to have resulted in a surge in imports from other authoritarian regimes, including Algeria, Bahrain, Kuwait, Libya, Qatar, Saudi Arabia and the United Arab Emirates (UAE), according to data from the Office for National Statistics analysed by DeSmog.

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Alarm at rightwing push to reverse clean-energy success in Texas and beyond

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Supporters of clean energy say they expect further battles ahead to prevent state’s progress in solar and wind from being unwound

In the scramble before the end of Texas’s legislative session last week, a must-pass bill was amended to impose new costs upon renewable energy. This came amid a barrage of anti-solar and wind power measures pushed forward by Republicans to reshape a state that has become the US’s powerhouse of clean energy.

But the conservative lawmakers had help.

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UN climate talks might avoid fossil fuel phase-out, says Cop28 official

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Majid Al Suwaidi says governments not in agreement yet over whether issue should be on agenda

UN climate talks this year might skirt the vital question of whether and how to phase out fossil fuels, as nations have not yet agreed to discuss the issue, one of the top officials hosting the talks has said.

Majid Al Suwaidi, director-general of the Cop28 climate talks for its host nation, the United Arab Emirates, said governments were not in agreement over whether the phaseout of fossil fuels should be on the agenda for the conference, which begins in November.

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‘Absolute scandal’: UAE state oil firm able to read Cop28 climate summit emails

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Exclusive: UN conference president Sultan Al Jaber is also head of oil firm, which was consulted on how to respond to a media inquiry

The United Arab Emirates’ state oil company has been able to read emails to and from the Cop28 climate summit office and was consulted on how to respond to a media inquiry, the Guardian can reveal.

The UAE is hosting the UN climate summit in November and the president of Cop28 is Sultan Al Jaber, who is also chief executive of the Abu Dhabi National Oil Company (Adnoc). The revelations have been called “explosive” and a “scandal” by lawmakers.

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Iraq’s oil boom blamed for worsening water crisis in drought-hit south

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Pollution from gas flaring – the burning of natural gas associated with oil extraction – is also a major concern in the oil-rich but extremely dry south

Western oil companies are exacerbating water shortages and causing pollution in Iraq as they race to profit from rising oil prices after Russia’s invasion of Ukraine.

Water scarcity has already displaced thousands and increased instability, according to international experts, while Iraq is now considered the fifth most vulnerable country to the climate crisis by the UN. In the oil-rich but extremely dry south, wetlands that used to feed entire communities are now muddy canals.

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Albanese government urged to push international banks to stop funding fossil fuel development

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Exclusive: Report claims Australia’s shareholdings in development banks has made it responsible for investing $828m in fossil fuel projects over five years

Australia’s shareholdings in three international banks – including the World Bank – has seen it responsible for investing $828m in fossil fuel projects between 2016 and 2021, according to a research report.

The World Bank, the Asian Development Bank and the Asian Infrastructure Investment Bank have collectively pumped $32.85bn into fossil fuel projects – almost entirely linked to oil and gas production or power generation – over the same period, the report says.

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Australian banks lending billions to fossil fuel projects despite supporting emissions reductions, analysis suggest

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Big four have pledged to align business practices with Paris agreement but loophole allows them to fund sector, activist group says

Australia’s big banks have loaned more than $13bn for fossil fuel projects over the past two years even as they publicly advocate for emissions reductions, a new report suggests.

Analysis by environmental activist group Market Forces has found that while Australia’s major banks largely avoid providing direct project finance to new coal, oil and gas projects, they do fund corporate entities that develop them.

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Alberta’s party leaders are ignoring the climate crisis while the region burns

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Monday’s election is going to be a political nail-biter but neither candidate has discussed a post oil and gas world

Record-breaking wildfires have charred more than a million hectares of land in Alberta, pushing tens of thousands from their homes and choking the skies in a thick haze of smoke.

But on the zigzagging campaign trail of the province’s general election, neither party leader has confronted the realities of climate change and how it will likely dramatically reshape life in the Canadian prairies.

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NT government knew it could not reduce climate risk when it greenlit ‘carbon bomb’ gas production in Beetaloo Basin

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Exclusive: New documents also reveal federal government admitted Australia did not have policies to ensure project would meet key recommendation in full

New documents reveal the Northern Territory government knew it could not meet a key recommendation to reduce the climate risk of its planned massive expansion of gas production, and asked the Albanese government for help.

Federal climate change officials in turn admitted Australia did not have any existing policies that would meet the recommendation in full.

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University investment funds urge ‘bold action’ to stop new fossil fuel projects

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Asset managers told they have key role to play on climate crisis in open letter before Shell’s annual meeting

A coalition of university investment funds has called on institutional investors to rebel against the boards of fossil fuel companies and their backers.

As Shell prepares for its annual shareholder meeting this week, representatives from the Universities of Newcastle, Sussex, Bristol and from Trinity College, Cambridge, have written an open letter to the asset management industry urging “bold action” to stop new fossil fuel projects.

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Could Guyana’s Exxon ruling scare big oil off risky exploration?

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Ruling requiring ‘unlimited guarantee’ from oil firms to cover costs of spills could change offshore drilling throughout region

A ruling from Guyana’s high court could change the face of offshore oil drilling throughout the Caribbean, according to financial and legal analysts.

The ruling ordered the country’s Environmental Protection Agency (EPA) to require an independent liability insurance policy from Esso Exploration and Production Guyana Limited (EEPGL) and an “unlimited guarantee” from its parent company, ExxonMobil, in the case of any damage caused by the company’s oil and gas development in the country.

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Norway under pressure to scale back fossil fuel expansion plans north sea

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Campaigners say development of huge Rosebank field in North Sea would drive climate breakdown

The Norwegian government is facing growing pressure to scale back its huge global fossil fuel expansion plans – including the development of a controversial new oilfield in the North Sea.

Climate activists from around the world descended on Stavanger in Norway last week to attend the AGM of the state-owned oil and gas giant Equinor. They warned that its plans to develop the huge Rosebank field in the North Sea, as well as other mega-projects in Canada, Brazil and Suriname, would drive climate breakdown with devastating consequences for humanity.

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New US rules could stem emissions from coal and gas power plants

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Environmental groups laud the regulation, which would advance clean power in the US – if it survives expected legal challenges

The US is set to impose new carbon pollution standards upon its coal- and gas-fired power plants, in a move that the Biden administration has hailed as a major step in confronting the climate crisis.

Under new rules put forward by the Environmental Protection Agency (EPA), new and existing power plants will have to meet a range of new standards to cut their emissions of planet-heating gases. This, the EPA predicts, will spur facilities to switch to cleaner energy such as wind and solar, install rarely used carbon capture technology or shut down entirely.

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Saudi oil group Aramco to pay more to state despite profits drop

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World’s largest energy company’s first-quarter profits fall by 19% to $32bn after dip in oil prices

The Saudi government looks likely to reap greater revenues from the state-backed oil group Saudi Aramco despite the company posting a near-20% fall in quarterly profits.

The world’s largest oil and gas company said on Tuesday its profits had fallen by 19% in its first quarter compared with a year earlier, to nearly $32bn (£25bn), caused by a drop in oil prices.

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Filipino activists appeal to British banks over region devastated by oil spill

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Environmentalists from the Philippines urge investors to avoid LNG projects which they say threaten the Verde Island Passage

Campaigners from the Philippines have urged British banks not to fund the expansion of fossil fuel use in their country. It follows a huge oil spill that threatened a globally important marine biodiversity hotspot.

Filipino environmentalists have travelled to the UK to meet representatives from Barclays, Standard Chartered and HSBC as part of efforts to stop the expansion of liquefied natural gas (LNG) power plants and terminals in and around the Verde Island Passage, a global marine biodiversity hotspot known for its whale sharks, corals, turtles and rich fisheries, which was badly affected by the oil spill this year.

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Climate protesters rework Spice Girls song to disrupt Barclays AGM

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Lyrics of Stop changed to ‘stop right now, no more oil and gas’ because of bank’s fossil fuel funding

Barclays’ annual general meeting has been disrupted by climate activists condemning the bank’s role as one of Europe’s largest funders of fossil fuels – including a choir singing a Spice Girls hit with reworked lyrics.

Dozens of activists from groups including Fossil Free London and Extinction Rebellion UK began their action less than five minutes into the meeting where its chair, Nigel Higgins, was addressing shareholders at the QEII Centre in Westminster, central London.

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Record levels of renewable energy help bring down Australia’s energy prices, says Aemo

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Energy dynamics report finds clean energy is displacing fossil fuels and sending carbon emissions from the sector to new lows

Australia’s record levels of renewable energy helped extend the slide in wholesale power prices in the first three months of 2023, displacing fossil fuels and sending carbon emissions from the sector to new lows for the first quarter.

The latest energy dynamics report by the Australian Energy Market Operator (Aemo) showed wholesale spot prices in the national electricity market (NEM) averaged $83/MWh, down more than a 10th from the December quarter and two-thirds lower than the record average $264/MWh in the June quarter last year.

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China ramps up coal power despite carbon neutral pledges

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Local governments approved more coal power in first three months of 2023 than all of 2021

Local governments in China approved more new coal power in the first three months of 2023 than in the whole of 2021, according to official documents.

The approvals, analysed by Greenpeace, reveal that between January and March this year, at least 20.45 gigawatts of coal power was approved, up from 8.63GW in the same period in 2022. In the whole of 2021, 18GW of coal was approved.

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