Fossil Fuels
The EIB won’t become a climate bank until it fully stops supporting fossil fuels
The bank has committed to end fossil fuel financing by the end of the year but has handed out billions in support for companies wedded to the industry
UK calls on Indonesia to set out roadmap to net zero emissions
During a three-day visit to southeast Asia’s largest economy, Alok Sharma met with a host of ministers to discuss how to transition the nation from coal to renewables
Paris deal enters boardrooms – Climate Weekly
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G7 commits to end unabated coal finance in 2021 to ‘keep 1.5C within reach’
After initial resistance, Japan agreed to the ministers’ statement, leaving China isolated as the last significant coal funder overseas
Fossil fuels on notice – Climate Weekly
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Shell’s net zero plan will be judged on science, not spin
Shell’s net zero plan is better seen as a defence of its core oil and gas business, which it is planning to expand, than a genuine energy transition
IEA: End fossil fuel expansion now for net zero energy emissions by 2050
The International Energy Agency has mapped a path to net zero emissions for the first time – and it involves ending investment in new coal, oil and gas production today
UK calls on countries to ‘consign coal to history’ at Cop26
As a global shift away from coal gathers momentum, the UK government is putting it at the heart of its the vision for this year’s UN climate talks in Glasgow
Indonesian utility pledges to stop building coal plants beyond existing pipeline
State-owned electricity company PLN said it will finish building 20GW of planned coal capacity before turning to renewables
Youth activists prank Standard Chartered in critique of coal lending policy
Fridays for Future activists donned false moustaches in a stunt to put pressure on Standard Chartered to stop financing fossil fuels
Tar sands executive named as Canadian ‘climate champion’ ahead of Cop26
Suncor’s chief sustainability officer is one of 26 people praised for moving Canada towards net zero emissions, despite the oil company expanding production
California is the biggest producer in the world planning to go beyond oil
Governor Gavin Newsom has ordered a plan to phase out oil and gas production in California by 2045, but the industry won’t go down without a fight
Putin sounds methane alarm, under satellite surveillance and EU pressure
The Russian president has raised concern about the warming impact of methane emissions, calling for research collaboration but making no policy promises
Saudi, US net zero oil producer initiative meets sceptical response
Five countries responsible for 40% of oil and gas production have launched an unprecedented climate alliance – but leaving fuel in the ground is not on the agenda
US pledges to double international climate finance at Earth Day summit
Joe Biden made a start on restoring US climate credibility after four lost years, with finance and emissions pledges, but campaigners say more is needed
Poland seeks to nationalise coal plants so firms can finance green investments
Warsaw’s energy transition proposals will require state aid approval from the European Commission, which is expected to insist on a coal exit date
Total signs deal to build East African oil pipeline, despite lack of finance
Uganda and Tanzania have given political backing to the 1,445km East African Crude Oil Pipeline, but climate campaigners are deterring investment
South Africa sets out to tighten 2030 emissions target
South Africa’s economy is shifting from heavy industry to service sectors, allowing for deeper carbon cuts, but coal lingers in the energy mix
UK rules out public subsidy for East African oil pipeline
UK Export Finance will no longer back oil and gas projects overseas, shutting off a potential source of support for a major pipeline across Uganda and Tanzania
Total’s play for Ugandan oil tests the climate commitment of international banks
A final investment decision on the East African Crude Oil Pipeline is expected at the end of March, as campaigners urge financial institutions to avoid fossil fuels