Canada is still backing the fossil fuel industry with billions, report finds | CBC News
The federal government continues to provide billions in financial support to the fossil fuel industry despite previous measures to limit subsidies.
Environmental Defence's report estimated at least $18.6 billion in support in 2023. Climate activists advocate for prioritizing renewable energy over fossil fuels. [ more ]
Fossil Fuel Industry Knew About Impending Climate Crisis as Early as 1954
The fossil fuel industry funded research on climate science as far back as the 1950s.
The research funded by the industry led to the development of the Keeling Curve, which is foundational to scientists' understanding of the climate crisis. [ more ]
Biden's Base Revolts: Climate Activists Ramp Up Pressure Ahead of Super Tuesday
Youth climate activists from the Sunrise Movement disrupted campaign events for former President Donald Trump and former United Nations Ambassador Nikki Haley, calling attention to their ties to the fossil fuel industry.
The protesters unfurled banners and shouted at the candidates, demanding to know why they were taking money from the oil and gas industry while claiming to fight for the people. [ more ]
What the fossil fuel industry is saying in this year's climate talks
Oil companies are arguing that the problem is not oil and gas itself, but the carbon dioxide emissions released when burning them.
The oil industry is trying to shape global climate policy at the U.N. climate talks, making statements that may sound agreeable but are not calling for a reduction in the use of fossil fuels. [ more ]
Leading News Outlets Are Doing the Fossil Fuel Industry's Greenwashing
Major news outlets like Reuters are publishing misleading promotional content for fossil fuel companies, giving them a veneer of journalistic credibility.
The report analyzed advertorials, events, and ad data from seven news outlets over a three-year period. [ more ]
Oil-and-Gas Companies Account for Only 1% of Clean-Energy Investment Globally, IEA Says
The fossil-fuel industry is not investing enough in decarbonization, spending just 2.5% of their investment on clean energy.
Oil-and-gas companies should allocate about half of their capital expenditures towards clean energy projects by 2030 to meet the Paris climate agreement target.
Tackling methane leaks in oil-and-gas operations is a cost-effective way to reduce greenhouse gas emissions. [ more ]