Fossil fuels

Fossil fuels are the next subprime danger

Here is further proof it’s high time to divest to avoid the carbon bubble. The Daily Telegraph published this week a most interesting article on how fossil fuels – oil, coal and natural gas – are the next subprime danger of this cycle as “ The cumulative blitz on energy exploration and production over the past …

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Australia is getting isolated on climate

The stance of the current Australian Prime Minister – Conservative Tony Abbott, pictured left –  is isolating the country on the global stage as climate change becomes each day more serious. As Climate Progress recently reported, Abbott has been aiming sharp criticism at the G20, the IMF and the United States, among others, as they are …

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Energy, the European Union and Russia

The ongoing tensions between Ukraine and Russia is an excellent occasion for the European Union to assess its dependence from foreign fossil fuels, especially oil and natural gas from the Russian Federation. As Kees van der Leun noted on his Twitter last week, the EU buys to Russia over half a billion euros of oil …

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Fossil fuel subsidies are as high as ever

To Desmogblog : ” The exact worth of massive global fossil fuel subsidies is incredibly hard to figure. There’s no real consistency in the definitions of subsidies, or how they should be calculated. “ ” As a result, estimates of global subsidy support for fossil fuels vary widely. According to a new analysis by the Worldwatch …

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Divestment reaches large investors

According to the New York Times and Reuters, more than a dozen large foundations representing more than $2 billion  (around 1.48 billion euros) in assets will stop investing in fossil fuels, just as the World Bank and the United Nations advise. To Reuters : ” The Divest-Invest Philanthropy coalition includes foundations, such as the Park …

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Air pollution now linked to cancer

If you think air pollution is just a topic for daydreamers, leftists and treehuggers, please do read on. To the World Health Organization – via its International Agency for Research on Cancer, IARC  – air pollution is now been linked to cancers. As Climate Progress notes, in 2010 alone, air pollution have been linked to …

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