Fossil Fuels
Restrictions on energy firm’s borrowing complicates South Africa’s energy transition
The South African government has told cash-strapped power company Eskom it can’t invest in new electricity generation
Study: Fossil fuel firms owe $209bn a year for climate damage
A multi-billion dollar reparations scheme has been proposed for fossil fuel companies to atone for the damage caused by their greenhouse gas emissions
Regulator blocks Brazilian oil drilling, sparking conflict within government
While President Lula’s environment minister Marina Silva supported the decision, Lula ally Randolfe Rodrigues vowed to oppose it
Local business group tries to keep South Africa’s coal plants alive
A business coalition in South Africa’s energy heartland is fighting against plans to shut down coal plants.
Cop28 moots oil and gas initiative despite greenwash accusations
Critics say a focus on just the emissions from producing oil and gas not consuming it is a distraction and that similar initatives have not worked
Nations split over fossil fuels and carbon capture
An agenda-setting gathering of climate ministers saw continuing disagreement over the need for fossil fuels phase-out and the role of technology
India mulls end to coal plant construction
If approved by the cabinet, India’s new electricity policy would end the construction of new coal-fired power plants after the planned 28 GW are built
Exxon scrambles to save investments before Colombia bans fracking
The company is looking at how to get some money back despite Gustavo Petro’s government looking to ban it from fracking in Colombia
Japan, US and EU block G7 from setting coal phase out date
Canada and the UK pushed for the inclusion of a 2030 deadline to end domestic coal-fired electricity. But their plan failed following strong opposition.
G7 may ignore climate warnings and call for new gas investments
A draft communique includes calls investments in gas production but that language is likely to prove controversial among the G7 climate ministers
World Bank’s private sector arm to stop supporting new coal
The International Finance Corporation is closing a loophole that allowed its financial clients to continue funding new coal projects
Migrant workers face risks building Europe’s new gas supplies in the UAE
Climate Home spoke with migrant workers in the UAE, who face harsh conditions and a lack of transparency when risk turns deadly.
OECD reforms set to give “green” projects better export finance
OECD countries agree to extend support for ‘climate-friendly’ projects. But vague definitions and inclusion of contested activities worry campaigners.
Uncertainty on renewable retraining frightens South Africa’s coal communities
An investigation by Oxpeckers and Climate Home found coal-reliant communities in South Africa have scarce details on how funds for reskilling workers from its $8.5 billion deal will be implemented.
Revealed: How Shell cashed in on dubious carbon offsets from Chinese rice paddies
Shell’s rice farming offset projects are under review. Climate Home found them riddled with accounting loopholes and questionable integrity claims.
Governments battle over carbon removal and renewables in IPCC report
While the Saudis pushed carbon capture and storage technology, Europeans fought for wind and solar to be talked up in the report.
Nations seek compromise on fossil fuel phase-out ahead of Cop28
Governments will hold consultations on whether to call for a phase out of fossil fuels at the Cop28 climate talks in November
Argentina secures funding boost to kickstart gas exports from ‘carbon bomb’
President Alberto Fernández is seeking funding for an export pipeline that would channel Vaca Muerta’s gas to neighbouring countries
Chinese coal boom a ‘direct threat’ to 1.5C goal, analysts warn
Energy security fears prompted Beijing to rapidly accelerate coal power plans last year, raising concerns about the country’s impact on greenhouse gas emissions
Vietnam’s energy transition deal is a ‘black box’, partner warns
A Vietnam government partner suggested that even Hanoi is unaware of the details of the energy transition package