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Tag: fossil fuel
Morocco Bids to Axe Fossil Fuel Subsidies in Climate Pledge
2015-06-08 14:56:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: Morocco, a desert kingdom that imports 90% of its energy, vowed to slash fossil fuel subsidies as its delivered its carbon-cutting pledge on Friday. The first Arab country to submit an "intended nationally determined contribution" in the UN lexicon, it will target up to a 32% cut in 2030 greenhouse gas emissions from business-as-usual levels. Slashing subsidies for oil and gas will be one of four main levers in overhauling its dirty energy sector, together with boosting renewables and ramping...
Tags: fuel
bids
climate
morocco
Sheldon Whitehouse: Sue Fossil Fuel Companies for Climate Fraud
2015-06-05 14:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Huffington Post: In a May 29 op-ed in The Washington Post, Whitehouse argued that the fossil fuel industrys efforts to discredit climate science and attack environmentalists may constitute deliberate deception of the kind the tobacco industry perpetrated in previous decades. In 2006, a federal judge found the tobacco industry guilty of fraud in a civil lawsuit brought under the Racketeer Influenced and Corrupt Organizations Act (RICO). Cigarette companies' efforts to hide the health effects of tobacco consumption...
Tags: companies
fuel
sue
fraud
Fossil fuel divestment is rational, says former Shell chairman
2015-06-04 10:17:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The former chairman of Shell has said that investors moving their money out of fossil fuel companies is a rational response to the industrys distressing lack of progress on climate change. Sir Mark Moody-Stuart, who spent almost four decades at Shell and rose to be its chairman, also said the big oil and gas companies had been calling for a price to be put on CO2 emissions for 15 years but had done little to make it happen. His striking remarks are the most supportive of divestment made by any...
Tags: chairman
fuel
shell
rational
Ted Cruz Continues Coddle His Fossil Fuel Funders in Wake of Deadly Texas Floods
2015-06-01 18:42:00| Climate Ark Climate Change & Global Warming Newsfeed
EcoWatch: On paper at least, Texas Senator and declared 2016 presidential candidate Ted Cruz is an intelligent man. He graduated cum laude from Princeton University where he was a debate champion. He went onto Harvard Law School where he graduated magna cum laude and was primary editor of the Harvard Law Review. But when Cruz talks about the climate, many people feel he sounds like the most ignorant and fact-challenged of his far-right followers. Last week, as destructive floods swept his home state,...
Tags: texas
continues
fuel
cruz
Norway fund could trigger wave large fossil fuel divestments, say experts
2015-05-28 17:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Norways decision to dump all coal-focused investments from its $900bn sovereign wealth fund could unleash a wave of divestment from other large funds, according to investment experts. The fund, the largest in the world, is one of the top 10 investors in the global coal industry. The move, agreed late on Wednesday, is one of the most significant victories to date for a fast-growing and UN-backed fossil-fuel divestment campaign. It will affect $9bn-$10bn (5.8-6.5bn) of coal-related investments,...
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