Category: fossil fuels

‘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