Fossil Fuels

Chicago Set to Toss Fossil Fuel Companies from Investment Portfolio

Chicago Set to Toss Fossil Fuel Companies from Investment Portfolio

The Chicago City Council has voted to pull investments in fossil fuel companies, with $70 million in bonds already removed from the portfolio in the last 18 months through maturities or sales.  “When I first took office, I chose to divest from fossil fuels to protect the health of our residents, our city and our…

April 5, 2022
Maine Moves to Purge Fossil Fuels from Pension Fund

Maine Moves to Purge Fossil Fuels from Pension Fund

Maine will no longer invest in companies with big oil and gas portfolios, making it the first state in the country to divest from the fossil fuel industry. Gov. Janet Mills last week signed into law a bill forbidding any state pension fund or annuity from making new investments in stocks or securities of the…

June 22, 2021
Many LNG Export Projects ‘Not Needed’ in IEA Net-Zero Model

Many LNG Export Projects ‘Not Needed’ in IEA Net-Zero Model

Many of the liquefied natural gas (LNG) export facilities already under construction or in planning will not be needed in the future if the world is to reach net zero greenhouse gas emissions by 2050, the International Energy Agency said in a bombshell report this week. The world’s oil and gas needs in a net…

May 21, 2021
Natural Gas to Become World’s Primary Fossil Fuel by 2050, Says Gas Exporting Countries Forum

Natural Gas to Become World’s Primary Fossil Fuel by 2050, Says Gas Exporting Countries Forum

Amid the ongoing energy transition, natural gas and renewables are seen accounting for more than 90% of incremental energy demand globally through 2050, according to a new report from the Gas Exporting Countries Forum (GECF) The GECF on Wednesday released the latest edition of its Global Gas Outlook 2050 report, which outlined a future in…

February 24, 2021
Shell Riding with Natural Gas on Road Toward Net-Zero Emissions Future

Shell Riding with Natural Gas on Road Toward Net-Zero Emissions Future

In the most ambitious makeover in its century-old history, Royal Dutch Shell plc is throttling back oil production as it inches toward a low-carbon future, but for natural gas, global opportunities abound. During wide-ranging presentations on Thursday for the energy major’s Strategy Day, the executive team etched out a roadmap to retool, designed to reach…

February 12, 2021
Renewables, Nuclear Seen Supplying 10% of Global Primary Demand This Year

Renewables, Nuclear Seen Supplying 10% of Global Primary Demand This Year

Non-carbon energy is expected to reach or exceed 10% of global primary energy demand for the first time ever in full-year 2020, according to new analysis by IHS Markit’s Jim Burkhard, head of oil markets, energy and mobility. Non-carbon refers to wind, solar, geothermal, hydroelectric and nuclear power. Non-carbon energy’s share of global energy demand…

December 9, 2020
Natural Gas Preferred to Other Fossil Fuels, Says Survey, but Still Partisan Split

Natural Gas Preferred to Other Fossil Fuels, Says Survey, but Still Partisan Split

Natural gas is viewed more favorably than other fossil fuels around the world, although sentiment is largely divided along ideological lines, according to a recent Pew Research Center survey. The survey was conducted between October 2019 and March in 20 countries including the United States, Canada, Brazil and Russia, along with several countries across Europe…

October 22, 2020
Fossil Fuel Demand Said Possibly Peaking as Energy Transition Escalates, Boosted by Covid-19

Fossil Fuel Demand Said Possibly Peaking as Energy Transition Escalates, Boosted by Covid-19

The Covid-19 pandemic may spur longer lasting changes that have accelerated the energy transition from fossil fuels, with investments in renewables now growing at a fast clip, according to analysts.

June 18, 2020
California Bill Could Erode Plans for New Oil, Gas Drilling

California Bill Could Erode Plans for New Oil, Gas Drilling

Curtailing or outright banning new oil and natural gas drilling in California is bubbling up as a back-burner public policy issue in the state capital, with proposed legislation that could impose a 2,500-foot setback for drilling.

April 29, 2019

New York City Looks to Excise Oil Heavyweights From Pension Plans

New York City wants to shut the door on investor-owned fossil fuel funds within five years and is seeking damages from BP plc, Chevron Corp., ConocoPhillips, ExxonMobil Corp. and Royal Dutch Shell plc to protect the city from what it claims are the effects of climate change.

January 11, 2018
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