World’s central banks financing destruction of the rainforest

Some of the world’s biggest central banks are unwittingly helping to finance agri-business giants engaged in the destruction of the Brazilian Amazon. The banks buy…

Asian coastal cities sinking fast

Sprawling coastal cities in South and Southeast Asia are sinking faster than elsewhere in the world, leaving tens of millions of people more vulnerable to…

World heading into ‘uncharted territory of destruction’

The world’s chances of avoiding the worst ravages of climate breakdown are diminishing rapidly, as we enter “uncharted territory of destruction” through our failure to…

Rising seas fueled by climate change to swamp $34 billion in US real estate in just 30 years

Higher high tides, supercharged by rising sea levels, could flood all or parts of an estimated $34 billion worth of real estate along the nation’s…

Huge profits for fossil-fuel giants Woodside, Whitehaven and Santos

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…

China’s oil giants post record profits on surging fuel prices

PetroChina Co., Sinopec and Cnooc Ltd. each said they made historic amounts of money in the January-to-June period. PetroChina’s chairman said government stimulus packages are…

Global fossil fuel subsidies almost doubled in 2021

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…

Saudi Aramco posts biggest quarterly profit of any listed company

Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production. Revenue climbed 80% to $150…

World’s biggest ice sheet could cause massive sea rise without action

The world’s biggest ice sheet could cause “several meters” of sea-level rise over centuries if the global temperature rises more than 2°C, according to a…

US banks tout fossil fuel credentials

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…

Wildfires destroy almost all forest carbon offsets in 100-year reserve

Wildfires have depleted almost all of the carbon credits set aside in reserve by forestry projects in the US to protect against the risk of…

Many countries continue to invest in coal

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…

Extreme weather caused $65 billion in losses in first half of 2022

Extreme weather events linked to climate change caused about $65 billion in total losses in the first half of 2022, roughly half of which hit…

Old King Coal: price reaches highest level in more than 200 years, on track for $500

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…

Coal, oil price surges on Ukraine war make Asia’s richest richer

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…

Saudi Aramco overtakes Apple as the world’s most valuable company

Saudi Aramco has overtaken Apple as the world’s most valuable company after higher oil prices pushed shares of the world’s biggest crude exporter to record…

Pertamina gets planning approval for $2.4 billion Rokan block development

Indonesian state-owned oil and natural gas company Pertamina has reportedly received approval for the $2.41 billion investment plan to expand the Rokan oil block. Pertamina…

Investors at top US banks refuse to back climate proposals

Investors refused to back resolutions demanding stricter fossil fuel financing policies at three major US banks. Proposals filed at Wells Fargo, Bank of America and…

Medium- and long-term contracts signed by Chinese coal suppliers shall account for over 80% of their resources: economic planner

China’s National Development and Reform Commission (NDRC), the country’s top economic planner, will launch special investigation into the implementation of medium- and long-term contracts signed…

World’s top banks show minimal clear commitments to shift financing away from fossil fuels

The top 10 banks—ranked as the largest funders of fossil fuel organizations—are talking more about climate change in general. However, in an analysis of annual…

World spends $US1.8 trillion a year on subsidies that harm environment

Research prompts warnings humanity is ‘financing its own extinction’ through subsidies damaging to the climate and wildlife. From tax breaks for beef production in the…

Europe’s biggest banks provide £24 billion to oil and gas firms despite net zero pledges

25 European banks have provided $US33 billion (£24 billion) in loans and other financing to 50 companies with large oil and gas expansion plans, less…

EU includes gas and nuclear in guidebook for ‘green’ investments

The European Commission has been accused of undermining its climate goals after it defied critics by pushing ahead with plans to include gas and nuclear…

‘Reckless’: G20 states subsidised fossil fuels by $3tn since 2015, says report

This backing for coal, oil and gas is “​​reckless” in the face of the escalating climate emergency, according to the report’s authors, and urgent action is…

China’s sea-level rise raises threat to economic hubs to extreme