Paris: World Bank Will No Longer Finance Oil and Gas Projects Starting from 2019

In a move meant to aid countries reach greenhouse gas-curbing targets set by the 2015 Paris Agreement to limit global warming, the World Bank has announced that it will stop financing oil and gas projects starting from 2019. The announcement came at a climate summit seeking to boost the global economy’s shift to clean energy. …

Changes to National Monuments Could Benefit the Fossil Fuel Industry

On December 4, President Donald Trump announced plans to drastically reduce the size of two national monuments in Utah. “Some people think the natural resources of Utah should be controlled by a small handful of very distant bureaucrats located in Washington,” Trump said during the announcement, according to the New York Times. “And guess what? …

India’s Coal Imports From North America Tripled Year On Year In October

Imports of coal from North America have risen rapidly in recent times in India, on the back of a regional ban on the use of petroleum coke and a domestic coal shortage, according to recent reports. Relying on shipping data compiled by Thomson Reuters, it appears that India’s imports of coal from North America have …

Oregon and Washington Join 20 Countries to Phase Out Coal By 2030

Even though the Trump administration used its only public forum at the COP23 climate talks in Bonn to promote coal, it’s clear that many individual U.S. businesses, cities and entire states would rather keep fossil fuels in the ground. Oregon and Washington state have joined a new global alliance to phase out coal and switch …

Canada & UK Form Alliance To Dump Coal

At the COP 23 climate conference in Bonn, Germany this week, Canada and the UK announced that they are spearheading a global alliance to phase out the use of coal completely. The two countries expect 9 other nations to join their alliance shortly and anticipate a total of 50 countries will have signed on to …

Germany Could Shutter 20 Oldest Brown Coal Plants Without Creating Energy Shortages

Following the most recent election, German chancellor Angela Merkel is faced with the task of forming a coalition government involving the CDU/CSU alliance, the pro-business FDP, and the environmentalist Green Party. The alliance has been dubbed the Jamaica Coalition, because the colors representing the three groups match those found in the Jamaican flag. Coal power …

Italy Sets Sights on 2025 Coal Power Phase-Out

The Italian government today announced its intention to phase-out domestic coal-fired power by 2025 when it formally adopts its national energy strategy next month. The move would see Italy join a growing list of nations committed to ending reliance on carbon-intensive electricity plants over the next 10 to 15 years. The proposal is set out …