Saturday 26th September 2020
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Coal plants close as US electricity industry’s consumption drops 34%

Obama-GCF

The biggest source of climate pollution dropped to 34% of US electricity generation and co-author of a new report says: ‘These are permanent changes’ America’s use of coal for electricity dropped to its lowest point in the historical record in 2015, delivering a new blow to an industry already in painful decline. The dirtiest of fossil fuels and America’s biggest ...

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Insurer, Allianz, embraces wind energy, divests from coal

Nicolò Wojewoda

Munich, Germany-based European insurance and asset management firm, Allianz, has announced that it will pull the plug on investments in coal companies and increase investments in wind energy. Allianz is one of the largest financial institutions in the world, managing €2 trillion. They estimate the decision will result in a shift of €4 billion. 350.org Europe campaigner Nicolò Wojewoda comments: ...

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Leave fossil fuels buried to curb climate change, study warns

Fossil

A new research identifies which reserves must not be burned to keep global temperature rise under 2C, including over 90% of US and Australian coal and almost all Canadian tar sands Vast amounts of oil in the Middle East, coal in the US, Australia and China and many other fossil fuel reserves will have to be left in the ground ...

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