Using the new measurements of land elevation, Vernimmen and co-author Aljosja Hooijer found coastal areas lie much lower than older radar data had suggested. Analyses…
Tag: finance
Investigation into Verra carbon standard finds most are ‘phantom credits’ and may worsen global heating.
Financial institutions signed up to GFANZ initiative accused of acting as ‘climate arsonists’.
In 1900, approximately 80% of the elements humans used came from biomass (wood, plants, food, etc.). That figure had fallen to 32% by 2005, and…
Woodside Energy, Santos and BHP among companies who have sponsorship deals with Australian arts, sport, education and community organisations
Spending bill passed by Senate includes less than $1bn in climate assistance for poorer nations even though Biden promised $11.4bn
Claim by academics, including former integrity chair of Australia’s carbon credit scheme, raises further doubts about system. ‘The wild west approach needs to end,’ says…
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…
Big polluting industries have been given almost €100 billion (£86 billion) in free carbon permits by the EU in the last nine years. The free…
At the talks, nearly 200 countries agreed that a fund for loss and damage, which would pay out to rescue and rebuild the physical and…
Tens of thousands of delegates have descended on Sharm el-Sheikh, an Egyptian resort town, for COP27, the UN climate summit. Of the 33,000-odd that registered,…
There’s some hocus-pocus going on with the emissions reduction numbers the European Union is proudly touting at the COP27 climate summit, climate campaigners allege. The…
“At the moment,” writes Warren Hern, “we are the most misnamed species on the planet: Homo sapiens sapiens—’wise, wise man.’ Not.” Hern, 84, physician and…
ExxonMobil reported $19.7 billion in third-quarter net profit, or $4.68 a share, almost triple the $6.8 billion, or $1.57 a share, earned a year ago.…
None of the 134 companies assessed for disclosure of climate-related risks passed basic tests. The annual review by independent non-profit Carbon Tracker group found that…
An ADB report presented during the bank’s annual board meeting (26-30 September) warns that sea levels in the Asia-Pacific could exceed two meters by 2100.…
China needs up to $17 trillion in additional investments for green infrastructure and technology in the power and transport sectors to meet its goal of…
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…
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…
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…
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…
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…
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 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 posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production. Revenue climbed 80% to $150…
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…
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 have depleted almost all of the carbon credits set aside in reserve by forestry projects in the US to protect against the risk of…
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 events linked to climate change caused about $65 billion in total losses in the first half of 2022, roughly half of which hit…
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…
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 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…
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 refused to back resolutions demanding stricter fossil fuel financing policies at three major US banks. Proposals filed at Wells Fargo, Bank of America and…
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…
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…
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…
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…
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…
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…
