Urgewald, a campaign group that tracks global fossil fuel finance, found that the World Bank supplied about $3.7bn (£2.95bn) in trade finance in 2022 that was likely to have…Continue readingWorld Bank spent billions of dollars backing fossil fuels in 2022
Tag: coal
China is approving new coal power projects at the equivalent of two plants every week. In 2022 the government approved a record-breaking 106 gigawatts (GW) of new coal-fired power…Continue readingChina continues coal spree despite climate goals
Fossil fuels benefited from record subsidies of $13 million (£10.3m) a minute in 2022, according to the International Monetary Fund, despite being the primary cause of the climate crisis.…Continue readingFossil fuels being subsidised at rate of $13m a minute
Australian Pacific Coal has received a non-binding letter of intent from a major commodities trading firm, for up to $50m in debt funding to support the restart of Dartbrook…Continue readingAustralian Pacific Coal secures $50m funding commitment to restart Dartbrook mine
Carbon emissions from China are growing faster now than before COVID-19 struck, data show, dashing hopes the pandemic may have put the world’s most polluting nation on a new…Continue readingChina is pumping out carbon emissions as if COVID never happened. That’s bad news for the climate crisis
Whitehaven in its statement said: “High-quality thermal coal has an important role to play in providing energy security during the decarbonisation transition.”Continue readingWhitehaven coal wins legal battle for extension of Narrabri underground mine
UN secretary-general António Guterres attacked oil and gas industry attempts to justify fossil fuel expansion with carbon capture technology as “proposals to become more efficient planet wreckers”, in a…Continue readingUN chief attacks oil and gas industry ‘planet wreckers’ over fossil fuel expansion
Trillions of dollars of subsidies for fossil fuels, farming and fishing are causing “environmental havoc”, according to the World Bank, severely harming people and the planet. The “toxic” subsidies…Continue readingVast fossil fuel and farming subsidies causing ‘environmental havoc’
Already, the Beijing office of Greenpeace is sounding the alarm. In the first three months of 2023, provincial governments in China approved more new coal-fired electricity generation than they…Continue readingChina ramps up coal power while pushing for renewables
The United Arab Emirates’ state oil company has been able to read emails to and from the COP28 climate summit office and was consulted on how to respond to…Continue reading‘Absolute scandal’: UAE state oil firm able to read COP28 climate summit emails
The UK government is under attack for investing taxpayers’ money in fossil fuel companies, a hospital in Kenya accused of imprisoning patients who couldn’t pay for treatment, and a…Continue readingUK government under fire for investing overseas aid in fossil fuel firms
United Nations climate chief says while the rapid end of burning coal, oil, and natural gas is urgently needed, the topic may not even reach crucial COP28 negotiations.Continue readingWill fossil fuel phase-out make it onto the UN’s climate agenda?
About USD 2.8 trillion is set to be invested in energy globally in 2023, USD 1.7 trillion of which will go to clean technologies. The remaining roughly USD 1…Continue readingHumanity still investing in fossil fuels
Climate experts criticised the G7 group of advanced economies for failing to commit to tougher action on fossil fuels after Germany and Japan prevailed on the continued use of…Continue readingG7 disappoints on climate progress without deadlines on gas and coal use
“The Albanese government has to make decisions in accordance with the facts and the national environment law – that’s what happens on every project, and that’s what’s happened here,”…Continue readingAlbanese government approves first new coalmine since taking power
:format(webp)/cdn.vox-cdn.com/uploads/chorus_asset/file/24648457/643866584.jpg)
The proposed mandate requires existing power plants to start limiting their carbon dioxide emissions in 2030, introducing restrictions that would become more stringent over time. Any new gas power…Continue readingThe EPA tightens pollution standards for power plants, with a big loophole for coal and gas
Huawei said the new methods had increased output per shift by almost a third. According to official figures, China had 4,400 coal mines at the end of 2022. But…Continue reading‘Smart mines’ show coal deeply embedded in China’s future
Local governments in energy-hungry Chinese provinces approved at least 20.45 gigawatts (GW) of coal-fired power in the first three months of 2023, Greenpeace said. That is more than double…Continue readingChina approves coal power surge despite emissions pledge: Greenpeace
An annual report on fossil fuel financing by a coalition of campaign groups organised by the Rainforest Action Network found that RBC extended $42.1bn in funding to fossil fuel…Continue readingRoyal Bank of Canada becomes top financier for fossil fuel industry
A total of 106 GW of new coal power projects were approved in 2022—the equivalent of two large coal plants per week.Continue readingChina ramps up coal plant approvals despite emissions pledge: report
Financial institutions signed up to GFANZ initiative accused of acting as ‘climate arsonists’.Continue readingBanks still investing heavily in fossil fuels despite net zero pledges – study
Woodside Energy, Santos and BHP among companies who have sponsorship deals with Australian arts, sport, education and community organisationsContinue readingFossil fuel interests revealed to have sponsored more than 500 Australian community organisations
Wealthy nations have offered Vietnam a $15.5 billion package to help pay for its move from coal to renewable energy, the latest in a total of $44 billion in…Continue readingWealthy nations offer Vietnam $15 billion-plus deal to shift from coal
The first coal mine in Britain for 30 years has been given the go-ahead by the government. Michael Gove, the levelling-up secretary, granted approval for the mine in Whitehaven…Continue readingFirst UK coal mine in 30 years gets government go-ahead
The analysis, by the Global Carbon Project, calculates Earth’s “carbon budget“, which is how much CO₂ humans have released, and how much has been removed from the atmosphere by…Continue readingGlobal carbon emissions at record levels with no signs of shrinking
At least 8 coalmining projects in Great Barrier Reef catchments and floodplains have been exempted from requiring environmental impact statements (EIS) by the Queensland government, with 6 already gaining…Continue readingCoal projects in Great Barrier Reef catchments approved without environmental impact statements
Greenhouse Gas Emissions on this site has been updated with newly published data from the Global Carbon Project.Continue readingUpdate to Greenhouse Gas Emissions
The fossil fuel industry is experiencing a remarkable rebound, with sudden momentum behind more than 80 projects that range from coal-fired power plants to hulking gas export terminals, many…Continue readingFossil fuel projects were stalled a year ago. Now they’re making a comeback.
Out of 26 countries, Indonesia accounted for 58.2% of the tropical deforestation directly caused by industrial mining activities. The data covered 26 countries representing 76.7% of the total tropical…Continue readingIndustrial mining in Indonesia accounts for 45% of global tropical deforestation
Germany is relying on highly polluting coal for almost a third of its electricity, as the impact of government policies and the war in Ukraine leads producers in Europe’s…Continue readingGermany turns to coal for a third of its electricity
Norway’s last remaining coal mine on a geopolitically important Arctic archipelago will stay open. Store Norske, the state-owned mining company, said on Friday it had originally planned to close…Continue readingNorway prolongs life of Arctic coal mine
The Queensland government has approved the extension of Carborough Downs coal mine, located 25km east of Moranbah in the Bowen Basin, Australia. The Carborough Downs is an underground metallurgical…Continue readingAustralian Queensland government approves extension of coal mine
Two months of scorching heatwaves and drought plunged China into an energy security crisis. The energy crisis has seen Beijing shift its political discourse and proclaim energy security as…Continue readingChina’s energy crisis sees the world’s top emitter investing in more coal
Woodside Energy, Australia’s largest energy producer, on Tuesday capped a string of bumper results by oil, gas and coal producers. The Perth-based company said its net profit after tax…Continue readingHuge profits for fossil-fuel giants Woodside, Whitehaven and Santos
Global public subsidies for fossil fuels almost doubled to $700 billion in 2021. Despite the huge profits of fossil fuel companies, the subsidies soared as governments sought to shield…Continue readingGlobal fossil fuel subsidies almost doubled in 2021
New Hope Group has received key approval for its New Acland Stage III coal mine project in Queensland, Australia. Queensland Minister for Resources Scott Stewart said that the government…Continue readingNew Hope’s New Acland Stage III coal project receives key approval
The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market for the polluting fuel has…Continue readingSpot Australian thermal coal has surged
Despite enviable earnings, shares of Three Gorges Renewables are down 15% this year and trade at 20 times forward earnings, half the level of a year ago. Strict policy…Continue readingDroughts push China towards coal power
The Albanese government will continue to support new fossil fuel projects so long as they “stack up” from an economic and environmental perspective, the federal resources minister says. Madeleine…Continue readingAustralian Federal Government to back new fossil fuel projects that ‘stack up’ economically and environmentally
In recent years, Wall Street firms have tried to talk up their commitment to the environment and social justice. Now they are singing a different tune. Large US banks…Continue readingUS banks tout fossil fuel credentials
To understand why it is proving so hard to break up with coal, we worked with an international team of around 35 researchers to investigate the political economy drivers…Continue readingMany countries continue to invest in coal
Coal – France, Italy, Austria and the Netherlands have all announced plans to reactivate old coal power plants. But nowhere are the plans as extensive as in Germany, which…Continue readingGermany increases reliance on coal and oil
The $2.17 billion Hunutlu coal fired power plant is the largest foreign direct investment in Turkey by China. Despite the efforts of campaigners, and several pending legal challenges, the…Continue readingTurkey’s new power plant exposes ‘huge contradictions’ of net zero pledge
Australian Prime Minister Anthony Albanese says Labor will not support a moratorium on fossil fuel projects. “That’s not in our policy and we won’t be implementing that policy,” Albanese…Continue readingAustralian Prime Minister rules out banning fossil fuel projects
India’s thermal coal imports hit a monthly record in June of 20.9 million tonnes, after Prime Minister Narendra Modi’s government called for increased purchases in order to overcome a…Continue readingGautam Adani ramps up share of coal imports as power crisis grips India
In the first quarter of 2022, Chinese regulators gave the green light to coal plants with a total capacity of 8.63 gigawatts. That is nearly half of the entire…Continue readingChina speeding up approvals for new coal plants
Hungary’s government has declared an “energy emergency” in response to supply disruptions and skyrocketing energy prices in Europe, an official said. There is “unlikely to be enough gas in…Continue readingHungary declares ‘energy emergency’ over threat of fuel shortages
Queensland has granted environmental approval to a plan to expand an open-cut coalmine near Toowoomba and extend its life for another 12 years, in a move anti-coal campaigners say…Continue readingAustralian Queensland state government gives environmental approval to coalmine expansion
The Netherlands said it would lift all restrictions on power stations fired by the fossil fuel, which were previously limited to just over a third of output. Berlin and…Continue readingDutch join Germany, Austria, in reverting to coal
Germany will significantly increase its use of coal to preserve energy supplies ahead of the winter, as Russian cuts to gas exports threaten shortfalls in Europe’s largest economy. Russia…Continue readingGermany fires up coal plants to avert gas shortage as Russia cuts supply
“China’s influence on coal markets is difficult to overstate”, says the International Energy Agency’s Coal 2021 report, which was published in mid-December China’s overall coal use (i.e, power plus…Continue readingGlobal coal consumption: Spotlight on China’s consumption for power generation
Coal prices are soaring, hitting $462 per tonne today, up from $186 on the 23rd of February and likely to pass $500 this year. Russia is Europe’s largest supplier of thermal…Continue readingOld King Coal: price reaches highest level in more than 200 years, on track for $500
Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia’s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia’s richest men…Continue readingCoal, oil price surges on Ukraine war make Asia’s richest richer
Brussels has given the green light for the EU to burn more coal over the next decade as it tries to end the use of Russian gas and oil.…Continue readingEU accepts it will burn more coal in move away from Russian gas
India has relaxed environmental compliance rules for coal mines seeking to ramp up production as power outages exacerbate a sweltering heatwave, a government notice showed. Coal makes up more…Continue readingIndia relaxes environment rules for coal mines, citing heatwave
An unusually early and brutal heat wave is scorching parts of India, with acute power shortages affecting millions as demand for electricity surges to record levels. Supplies of coal…Continue readingHeat wave sparks blackouts, questions on India’s coal usage