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Tag Archives: fossil fuels
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
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
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
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/
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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Tagged climate emergency declaration, fossil fuels, renewables
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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
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
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
WA – new modelling shows renewable-based system cheaper than fossil fuels
At last, analysis premised on all fossil fuel assets needing to be replaced before 2030, which makes it a no-brainer that renewables win(unless our leaders make subsidies to fossil fuels even bigger than currently) >more> RenewEconomy
Coalition subsidies increase for fossil fuels – new “growth centre”
National Energy Resources Australia, or NERA – will work closely with researchers from universities and the newly streamlined CSIRO, the irony of which was not lost on critics of the scheme…“Pouring millions of dollars into research for the fossil fuel industry … Continue reading
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