The CDC Group, the British government’s development finance institution, will end most fossil-fuel financing abroad. It says it will invest only in companies that align with the Paris Agreement to achieve net zero by 2050.
Fossil Fuels Stories Today
In today’s Electrek Green Energy Brief (EGEB):
- Japan’s new bullet train, with a lithium-ion battery self-propulsion system, is one of the fastest trains in the world.
- The British government’s development bank will (mostly) end fossil-fuel financing abroad.
- EV charging infrastructure alliance ChargeUp Europe gains its seventh member, eMobility software provider has·to·be.
Fossil Fuels Stories June 29
A new study from Harvard University’s T.H. Chan School of Public Health, published in Science Advances, provides strong evidence of the causal link between long-term fine particulate matter (PM2.5) exposure — air pollution — and premature death rates. The study provides the most comprehensive evidence to date.
Fossil Fuels Stories June 25
The state of Minnesota filed a lawsuit yesterday against the American Petroleum Institute (API), Exxon Mobil Corp, and Koch Industries that stated the companies violated Minnesota laws barring consumer fraud, deceptive trade practices, and false advertising.
Fossil Fuels Stories June 2
The Trump administration has eliminated states’ and tribes’ rights to halt projects that risk hurting their water quality by rolling back a section of the Clean Water Act (CWA).
Fossil Fuels Stories May 12
On February 20, Hartshorne Mining Group, who owns Poplar Grove, a thermal coal mine in western Kentucky that was lauded as the first to open under Donald Trump’s pro-coal administration, filed for bankruptcy. Hartshorne then filed a lawsuit against the US government this month because they were not awarded coronavirus relief money.
Fossil Fuels Stories May 11
The March US coronavirus stimulus package, the $2.2 trillion CARES Act, featured the Small Business Association’s Paycheck Protection Program (PPP). But Big Oil and Gas, most of which are valued well over the $2 million threshold, received at least $72 million total.
Fossil Fuels Stories April 29
EU Energy Commissioner Kadri Simson wants to make a Green Deal part of the pandemic recovery plan. Simson told Bloomberg, “Getting rid of fossil fuel subsidies while lowering taxes on electricity can nudge us in the right direction, without putting too much pressure on the consumers.”
Fossil Fuels Stories March 6
ExxonMobil held its investor day at the New York Stock Exchange (NYSE) yesterday, and its CEO, Darren Woods, dismissed carbon targets as a “beauty match” with other companies.
Connecticut lawmaker wants insurers to pull away from fossil fuels
Connecticut state senator Matt Lesser (D), a co-chair of the state senate’s insurance committee, is pushing a bill that would require the state’s insurance commissioner to study and report on climate change issues. A public hearing on the bill was held yesterday.
