Tag Archives: fossil fuels

‘A good bet?’: Gas firms grilled on growth as world decarbonises

Australia’s big oil and gas companies are facing more forceful questions from investors about the merits of multibillion-dollar expansion projects. — Read on http://www.smh.com.au/business/companies/a-good-bet-gas-firms-grilled-on-growth-as-world-decarbonises-20210616-p581iz.html The longer the delay, the steeper the decline, we risk diving to zero energy consumption, with … Continue reading

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Crony capitalism: Morrison’s gas spending masks a deeper coal addiction

The Morrison government is going on a fossil gas spending spree. But a deeper, more urgent coal problem is growing bigger. — Read on reneweconomy.com.au/crony-capitalism-morrisons-gas-spending-masks-a-deeper-coal-addiction/ Coal-fired power stations need to be closing far quicker than scheduled, in Australia. 

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Australia’s biggest carbon customers plan their escape from fossil fuels, but Morrison isn’t listening

Japan joins China in announcing a net zero emissions target. This is a big deal for Australia, which depends on fossil fuel exports, but its political leaders are not listening. — Read on reneweconomy.com.au/australias-biggest-carbon-customers-plan-their-escape-from-fossil-fuels-but-morrison-isnt-listening-96267/ Lord Seben, UK Chair Climate Crisis … Continue reading

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Unisuper dumps coal assets as sector turns its back on fossil fuels

“Unisuper’s Global Environmental Opportunities fund that excludes oil, gas and coal companies and returned 13.9 per cent for the year, compared to its balanced fund which returned 1 per cent.” Unisuper has dropped its holdings in three ASX-listed energy companies … Continue reading

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LNG producers write off $20bn

Australias LNG sector has blown up more than 20bn in writedowns – Over $22bn has now been written off on projects run by Woodside Petroleum, Shell, Origin Energy & Oil Search so far in July — Read on http://www.theaustralian.com.au/business/mining-energy/lng-producers-write-off-20bn/news-story/d6c4ad5813e55a00eee36200883c0eef

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Markets reel as oil major opts to downgrade itself

Believe it or not…. 16 June, – It’s all change as one oil major writes down its assets, seeing a possible 30-year slump ahead in global demand. — Read on climatenewsnetwork.net/markets-reel-as-oil-major-opts-to-downgrade-itself/

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100% renewable grid within reach-Turnbull right to fund energy storage

Pixabay/Wikimedia Commons An ACIL Allen report to the Australian Governmentlists the technical lifetime of each power station, and shows that two-thirds of Australia’s fossil fuel generation capacity will reach the end of its technical lifetime over the next two decades. The practical … Continue reading

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$5Tn fossil fuel divestment doubles in 1 year

UN secretary general Ban Ki-moon welcomes new total revealing concern over coal, oil and gas investments has entered financial mainstream  A demonstration demanding divestment from fossil fuel at the New York Stock Exchange, Wall Street, New York. Photograph: Dorothy Chi … Continue reading

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Bill and Melinda Gates Foundation divests entire holding in BP

Just in case you didn’t see it else where – World’s largest health charity sells its $187m stake in the oil giant in a move welcomed by fossil fuel divestment campaigners…Bill Gates has called the selling off of coal, oil … Continue reading

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Divest from fossil fuel campaign update by 350.org

So much recent action on Uni campuses in Australia has earned media attention, even internationally, with some success but setting the stage for more action with more members: https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Fwww.facebook.com%2FFossilFreeUnis%2Fvideos%2Fvb.263740000427652%2F791212041013776%2F%3Ftype%3D3&show_text=0&width=560

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