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Tag Archives: fossil fuels

Energy transition: Shell boss urges Nigeria to optimise resources

Osagie Okunbor

The Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor, has advised that Nigeria should adopt a two-pronged strategy for its energy transition programme in response to global call to reduce exploitation of fossil fuels and production of greenhouse gases (GHGs). Mr. Osagie Okunbor, Country Chair of Shell Companies in Nigeria and Managing Director, The Shell Petroleum Development Company of Nigeria ...

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Activists call out govts, financiers, fossil fuel companies over continued involvement in fossil fuels

Africa Energy Week

As the UN climate talks continue in Glasgow, energy stakeholders in Africa are congregating in Cape Town, South Africa, for the Africa Energy Week which runs until Friday, November 12, 2021. Delegates at the Africa Energy Week On Wednesday, November 10, the event was met with protests by climate activists in Cape Town, who called out African governments and fossil ...

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New report urges equitable phase out of fossil fuels to keep alive 1.5°C

Fossil fuel pollution

A global coalition of civil society organisations from social movements, environmental and development NGOs, trade unions and faith groups on Wednesday, November 3, 2021 released a new report titled: “Fair Shares Phase Out: A Civil Society Equity Review of an Equitable Global Phase Out of Fossil Fuels”. Fossil fuel pollution from a coal power station: President Donald Trump says his administration ...

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Banks have poured $3.8tr into fossil fuels since Paris Agreement, says report

JPMorgan Chase

In the five years since the Paris Agreement was adopted, 60 of the world’s largest banks have pumped over $3.8 trillion into the fossil fuel industry. JPMorgan Chase is said to be one of the largest funders of fossil fuels around the world The disclosure was made in a report, titled “Banking on Climate Chaos 2021” released on Wednesday, March 24, ...

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How COVID-19 pandemic accelerates end of fossil power generation

Fossil fuel pollution

COVID-19 has not only caused a temporary drop in global CO2 emissions, it has also reduced the share of power generated by burning coal – a trend that could in fact outlast the pandemic. Fossil fuel pollution from a coal power station This is the key result of a new study by a team of economists based in Potsdam and ...

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Planned fossil fuel high to attain climate goals – UN

António Guterres

The world’s planned production of fossil fuels is far too high to attain the goals of the Paris Climate Accord by 2030, according to a UN report released on Wednesday, December 2, 2020. António Guterres. UN Secretary General Countries must decrease production of coal, oil and gas by 6 per cent per year between now and 2030 limiting global warming to ...

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Energy transition: Why countries should not fire sell their oil and gas assets, by experts

Dr. Victoria R. Nalule

By Dr. Victoria R. Nalule and Dr. Xiaoyi (Shawn) Mu of the CEPMLP, University of Dundee address the misconceptions surrounding the continued role of fossil fuels in the energy transition era Dr. Victoria R. Nalule Does the energy transition imply a total ban on fossil fuels and should countries fire sell their oil & gas assets? No, energy transition does ...

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Govts, firms told to quit fossil fuels exploration in Africa

oil installation

Governments and corporations have been called upon to halt all new and existing fossil fuels exploration and extractive sites and activities across Africa. Fossil fuel infrastructure: oil installation The call was made in a communique released at the close of the Annual General Meeting (AGM) of Oilwatch Africa, held virtually on August 10, 2020. The session was themed: “We can’t ...

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UK review must ban funding fossil fuels abroad, group insists

Boris Johnson

Responding to recent media reports that Boris Johnson has ordered a review into the UK’s funding of fossil fuels overseas, Global Witness, a not-for-profit, is calling on the UK government to unequivocally announce such a ban, with no loopholes or exceptions. Britain’s Prime Minister, Boris Johnson. Photo credit: AP Photo/Alberto Pezzali “This ban should explicitly rule out any support for fossil ...

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South Africa bankrolling billions in fossil fuels, report reveals

President Cyril Ramaphosa of South Africa

A new report released on Thursday, June 11, 2020 by Friends of the Earth U.S. and Oil Change International reveals South Africa provided at least ZAR (South African Rand) 2.2 billion ($153 million) a year in trade and development finance for coal projects 2016 to 2018. President Cyril Ramaphosa of South Africa In total, the report found G20 countries have been providing ...

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