Tag: fossil fuel industry

From the U.S. to Japan, governments are quickly putting money behind oil and gas industry efforts selling blue hydrogen produced by natural gas with carbon capture as a clean fuel for the energy transition. But new research finds blue hydrogen may be no cleaner than burning natural gas.

Five of the individuals praised at COP26 event hold senior roles at fossil fuel companies and investors, including the Royal Bank of Canada and Suncor.

A major new catalogue of fossil fuel company adverts based on DeSmog’s research shows the gap between their public image and the reality of their operations.

“Providing corporate giveaways during a time of widespread suffering to fossil-fuel companies is unconscionable.”

As climate change intensifies and countries turn to clean energies, Big Oil will take increasingly desperate measures to survive.

“Shell’s 'comprehensive carbon management approach’ is yet another proof of the little interest that this polluting company has to reduce its emissions.”

“Grant Township has proven against all odds that a community is capable of stronger protections for the environment than state or federal governments.”

The OCC’s new rule could stunt divestment campaigns by requiring major banks to justify each individual decision to regulators using “quantitative, impartial risk-based standards established by the bank in advance.”

Since March 26, the United States government "provided between $10.4 billion and $15.2 billion in direct benefits to coal, oil and gas companies" and nearly $95 billion in indirect benefits.

The Group's commitment to a global climate action plan makes them the latest major financial institution along with Morgan Stanley and Barclays.