‘Abdication of Responsibility’: Fury as COP27 Draft Omits Oil and Gas Phase-Out

“At a COP shaped by more than 600 fossil-fuel lobbyists roaming the halls, parties fighting for progress must push back against weak language that allows the fossil fuel industry to continue its deadly expansion,” said one campaigner.

Source: ‘Abdication of Responsibility’: Fury as COP27 Draft Omits Oil and Gas Phase-Out

‘Rearranging the deck chairs as the climate ship is going down’: Critics pan US carbon offset ‘scheme’ 

The Biden administration faced sharp criticism from environmental justice champions on Wednesday after U.S. Special Presidential Envoy for Climate John Kerry unveiled a voluntary carbon offset scheme that he and philanthropic foundation partners say would unleash private investment to expedite a cle

Source: ‘Rearranging the deck chairs as the climate ship is going down’: Critics pan US carbon offset ‘scheme’ – Alternet.org

African Sun: Why Solar Not Gas Offers Continent the Best Economic Opportunity in the Transition – Carbon Tracker Initiative

The war in Ukraine is a further example of the inherent fragility of the world fossil fuel system. It is accelerating the energy transition, with the consequence that African nations looking to rely on fossil fuel-based strategies for energy security or wealth creation are at high risk of value destruction.

Source: African Sun: Why Solar Not Gas Offers Continent the Best Economic Opportunity in the Transition – Carbon Tracker Initiative

Death Knell for Big Carbon? Globally, All New Electricity Demand was Met by Renewables in first 1/2 of ’22, with Fossil Fuels Flat

That global demand for fossil fuels is on the verge of peaking and then rapidly declining may be behind the mysterious behavior of the oil companies, which are selling their lucrative California assets and withdrawing from the state. They foresee having to close those oil rigs down, and don’t want to get stuck with the cost of environmental clean-up if they are still the proprietors when the industry goes under.

Source: Death Knell for Big Carbon? Globally, All New Electricity Demand was Met by Renewables in first 1/2 of ’22, with Fossil Fuels Flat