Tag: fossil fuels

The UK government is backing a climate and environment wrecking giant fossil fuel project, spearheaded by the UK’s richest man

The UK government is backing Ineos’ massive petrochemical plant in Antwerp, despite its adverse climate and environmental impact. The project involves importing fracked shale gas and could significantly increase plastic production in Europe. Despite claims of carbon neutrality, concerns remain regarding its environmental impact and lobbying by Ineos’ CEO, Jim Ratcliffe.

Analysis: COP28, a compromised deal reached amidst all-time high fossil fuel influence

The UN’s climate talks almost collapsed over the phrasing of reducing fossil fuel usage. While nearly 130 countries supported the more assertive ‘phasing out’ language, it was replaced by the softer option, ‘phasing down’, due to opposition from economies heavily reliant on fossil fuels. Despite the compromised language, the deal marked a first-time indication that the fossil fuel industry’s days are numbered. However, critics argue it falls short of action necessary to avoid severe climate change impacts.