The world’s top diplomat, António Guterres, the United Nations secretary general, has lately been unusually blunt in his broadsides against fossil fuel producers. He has accused them of “profiting from destruction.” He has urged governments to stop funding coal and to put the brakes on new oil and gas projects. “History is coming for the...
With governments worldwide pouring billions of dollars into the transition to a low-carbon future, banks are the linchpins for financing wind, solar and other clean energy projects. But their financing tools have drawbacks that can detract from sustainability goals. Investors have been pumping money into renewable energy funding. In the first six months of 2023,...
LONDON, Sept 18 (Reuters) – Climate change and conflict are hitting efforts to tackle three of the world’s deadliest infectious diseases, the head of the Global Fund to Fight AIDS, Tuberculosis and Malaria has warned. International initiatives to fight the diseases have largely recovered after being badly affected by the COVID-19 pandemic, according to the...
Ahead of U.N. meetings this week, thousands gathered in Midtown to demand that President Biden and other world leaders stop new oil and gas drilling. Tens of thousands of people, young and old, filled the streets of Midtown Manhattan under blazing sunshine on Sunday to demand that world leaders quickly pivot away from fossil fuels...
September started with a typhoon that ripped through Hong Kong, uprooting trees and flooding the city. It was the first of a slew of extreme weather events that have hit ten countries and territories in just 12 days – the most catastrophic being the floods in Libya, which have killed more than 11,000 people according to the...
The US state of California sued five of the world’s largest oil companies on Friday, alleging the firms caused billions of dollars in damages and misled the public by minimizing the risks from fossil fuels, according to a court filing. It follows numerous other cases brought by US cities, counties and states against fossil fuel interests over...
The new documentary titled “Man on the Run” explores the massive 1MDB scandal, where billions vanished from Malaysia’s sovereign wealth fund. At the center was Malaysian businessman Jho Low, the fugitive accused of masterminding the historic fraud. But Low had help from the highest ranks of government and society. The film features interviews about Low’s...
Thousands of people are mobilizing for what could be the biggest climate march in the U.S. in years in New York City on Sunday. It’s one of many protests across the globe over the next few days with a simple demand: President Biden and other world leaders must phase out fossil fuels. You have to respect the...
The UAE’s biggest oil producer is pushing to build its fledgling trading operations into a multibillion-dollar business this decade by bolstering its presence in Europe and Africa, and expanding in other forms of energy. In a bid to catch up with long-established rivals, Abu Dhabi National Oil Co. wants to take advantage of the hole...
Al Gore, the former US vice president turned climate crusader, says Big Oil and the banks backing it still have huge financial incentives to stick with fossil fuels, even though their decision to do so is the leading cause of the climate crisis. Bankers “are profiting hugely” from their role as lenders and advisers to...