Despite of a deal at COP28 OPEC members still hangs on to the fairy-tale that fossil fuels will last forever.
Despite of a deal at COP28 OPEC members still hangs on to the fairy-tale that fossil fuels will last forever.
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.
As the UN’s COP28 climate summit began, the WMO confirmed 2023 is on track to be the warmest year on record, approaching the 1.5°C target set in the Paris Agreement. The report urged urgent emissions reduction amid escalating climate impacts.
British actress Olivia Colman features in a Make My Money Matter campaign film, highlighting that £88 billion of UK pension savings is invested in fossil fuels.
Despite global agreement on the need to curb climate change, the planned fossil fuel production till 2050 is twice the warming limit of 1.5C. No country has pledged to phase out fossil fuels, highlighting the disconnect between climate politics and actions.
‘Dominic Boyer’s book, No More Fossils, part of the Forerunners series, discusses the interconnectedness of fossil fuel use, politics, and climate change. The author emphasizes on ending ‘petro-politics’ to effectively address climate change and transitioning towards ‘electro-politics’.
Ahead of COP28, 131 global companies worth nearly $1 trillion urged world leaders to phase out fossil fuels and achieve 100% decarbonised power systems by 2035.
The Danish government has allocated funds for carbon capture and storage projects, set to decrease emissions by 2.3 million tonnes annually. Major companies are interested, supporting Denmark’s climate targets.
Thanks to the British Cycling, Shell has a front-row seat at this tears Cycling World Championship.
As the climate crisis bites, the UK wants to go on a fossil fuel bonanza.