By Michael Bäcklund. This article originally appeared on...
With the European elections around the corner, populists and right-wing parties are gathering momentum and teaming-up into a pan-European alliance.
The alliance is being established around a common anti-immigration and eurosceptic ideology but nationalists parties have something else in common: opposition to climate action.
Research shows that dozens of candidates standing in the election are using climate science denial and anti-climate action rhetoric as a campaign strategy.
Russia is considering climate legislation that could give the world’s fifth largest emitter a framework for regulating carbon emissions for the first time.
The draft bill would give the government powers to introduce greenhouse gas emission targets for companies, and charges for those that exceed them, with proceeds potentially going into a fund to support carbon-cutting projects.
The legislation, which has been drawn up by the Ministry of Economic Development, is under consultation with other ministries and stakeholders and expected to be finalised in June.
A report published today names the banks that have played the biggest recent role in funding fossil fuel projects, finding that since 2016, immediately following the Paris Agreement's adoption, 33 global banks have poured $1.9 trillion into financing climate-changing projects worldwide.
The top four banks that invested most heavily in fossil fuel projects are all based in the U.S., and include JPMorgan Chase, Wells Fargo, Citi, and Bank of America. Royal Bank of Canada, Barclays in Europe, Japan’s MUFG, TD Bank, Scotiabank, and Mizuho make up the remainder of the top 10.
This week, the EU is taking this accountability up a notch, with ExxonMobil’s decades-long denial of climate science facing the scrutiny of MEPs and the public at a hearing at the European Parliament in Brussels on Thursday.
During the two-hour session, scientists, campaigners and a historian will examine the history of climate denial and in particular the misinformation spread by Exxon, with MEPs able to ask questions about the role and behaviour of the oil major.
Norway’s sovereign wealth fund — a state-owned investment fund worth approximately a trillion dollars — recently announced it was divesting from oil and gas exploration companies around the world. Not surprisingly, many oil and gas stocks declined following the announcement.
While this is good news for the climate, this was simply a smart business decision. Norway’s sovereign wealth fund, known as the Government Pension Fund Global (GPFG), primarily exists due to Norwegian oil production. And the fund will continue to be a major investor in companies like Exxon.
It appears it’s just cutting its losses on money-losing endeavors like fracking in America, tar sands oil production in Canada, and frontier exploration by UK companies in Africa and South-East Asia.
The fresh and jazzy new BBC Scotland “Nine” news programme has come under a wave of criticism after inviting a renowned climate science denier onto its show on the very day of the global school strike.
It’s accused of (at best) incompetent coverage of the protests which saw children and young people striking in Edinburgh, Glasgow, Fenwick, East Kilbride, Coatbridge, Stirling, Inverkeithing, Peebles, Fort William, Forres, St Andrews, Inverness, Ullapool, South Uist, Aberdeen, Aberdour, Kirkwall and Eigg yesterday.
By Sara Stefanini for Climate Home News
Armed with solar panels, lanterns and mini grids, European energy giants hope to capture the data of hundreds of millions of new, increasingly wealthy customers in rural Africa.
The first step is to set up tiny renewable generators independent of main power grids, often sold on pay-as-you-go schemes like mobile phones.
Once that basic energy supply is established – to charge phones, home lighting and other small appliances – it’s expected to fuel demand for a slew of new products and services, such as internet access, mobile banking, water pumps, mills, fridges, home batteries and cooking stoves. The reams of data on how these new customers use and pay for their energy will help companies decide their next moves.
French parliamentarians scrapped plans for a tax on unsustainable palm oil in 2016 after being warned by France’s government that passing the law could lead to the execution of a French citizen in Indonesia.
A former minister described the warning as “possible blackmail” and said it had swung the decision against the tax.