Fossil Fuels
Ex-BP chief: Oil majors must heed Volkswagen scandal
NEWS: Lord Browne urges fossil fuel giants to prove their worth, as executives downplay climate risk at major industry event
OPEC chief defends members over missing climate pledges
NEWS: Petropowers like Saudi Arabia and Nigeria should only submit carbon-cutting plans if they are “win-win”, says Abdalla Salem El-Badri
Shell chief: Business must account for cost of climate change
NEWS: Ben van Beurden says industry, regulators should rally behind Shell and European oil majors’ joint call to make polluters pay
Shell stops Arctic drilling ‘for the foreseeable future’
NEWS: After spending US$7 billion on exploration in Alaska’s Chukchi Sea, company finds insufficient oil to continue controversial venture
VW scam shows business climate spin deserves closer scrutiny
NEWS: New carbon cutting targets from multinationals are welcome, but VW scandal demonstrates need for scepticism
What’s with Shell’s new Energy Transitions Commission?
NEWS: Oil major to launch new low carbon programme with BHP Billiton, Statoil and some solar firms in bid to green image
Fossil fuel divestment accelerates as pledges pass $2 trillion
NEWS: Scale of ditched assets enters trillions of dollars, smashing expectations as private firms lead charge, study says
A simple proposal to keep fossil fuels in the ground
COMMENT: Cap & Share could be the scheme to turn popular support for climate action into results, argues Laurence Matthews
Investors question fossil fuel industry as renewables rise
NEWS: Increasing oil production but falling demand creates problems for fossil fuel industry as investors turn away from sector
IMF: Hike fossil fuel taxes and reap benefits now
NEWS: National governments should not wait for a global climate deal to address underpricing of fossil fuels, says leading financial body
Glasgow University could ditch £19m fossil fuel assets
NEWS: Official panel recommends Glasgow follows other academic institutions in ditching oil and gas investments
Does carbon capture and storage need a makeover?
ANALYSIS: CCS has few powerful supporters, neglected by green groups and fossil fuel companies
Low carbon energy saves money in the long run – study
NEWS: Fuel savings will pay for higher up-front costs of renewable energy, say consultants EY
Fossil-free investment portfolios soared 50% in 2013
NEWS: Investment managers are increasingly offering fossil-free portfolios to their clients, survey finds
European Commission backs limited support for gas, coal power
NEWS: European Commission revises rules for state aid, allowing EU member states to support fossil fuel generation
Europe’s banks in $1-tril risk from ‘carbon bubble’: report
Two new studies highlight the supposed risks of long-term investment in fossil fuels
Church of England considers divesting from fossil fuels
Church agrees to take a more active stance on climate change, including reexamination of where they invest their funds
Are the economics and ethics of fossil fuel divestment aligning?
Divestment movement needs to target fund managers’ fiduciary duty and explain why fossil fuel investments will end in financial disaster
Wind could generate 18% of global electricity by 2050
The International Energy Agency says $150 billion per year would be needed to achieve increase
Investors worth $3tr warn oil and gas firms to diversify – or die
Coalition of 70 investors sends letters to 45 companies calling on them to present detailed climate change assessments by 2014