Tag: fossil fuels

The campaign to persuade financial groups to divest shareholdings in fossil fuels firms has won a major victory, with one Dutch bank banning investments in ‘unconventional fuels’ and a Norwegian pension fund divesting from 19 companies.

The European Union has agreed a compromise deal to enforce stricter rules on carbon dioxide emissions for all new EU automobiles from 2020.

EXCLUSIVE / A Canadian bid to persuade EU policymakers to soften proposed fuel quality laws has come unstuck, with one Canadian minister publicly disputing her government’s admission that tar sands are damaging Ottawa’s image abroad, and MEP's complaining about "undiplomatic power plays".

Lawmakers on the European Parliament's environment committee backed strong new regulation on shale gas and oil mining yesterday (19  September), just after their colleagues in the energy committee insisted on each country's right to decide for itself.

SPECIAL REPORT / Disappointed over the failure of the Rio summit to produce ambitious commitments on sustainable growth, conservationists say Europe must now redouble efforts to tackle its own environmental challenges.

Global greenhouse gas emissions could rise 50% by 2050 without more ambitious climate policies, as fossil fuels continue to dominate the energy mix, the Organization for Economic Cooperation and Development (OECD) says in a new report.

Canada is threatening trade retaliation if the EU tries to tighten regulations on oil from its highly polluting tar sands in a Fuel Quality Directive, according to documents seen by EurActiv.

As political and societal will gathers to massively cut carbon emissions over the next years, the value of carbon-intensive oil and gas firms is likely to plummet, potentially leaving taxpayers with the burden for bailing them out, argues Matthew Ulterino.