Wall Street banks slammed a proposed rule that would force lenders to finance fossil fuel projects, Bloomberg reports, questioning both its legal underpinnings and fast-tracked process.
Total global energy investment fell by 2% in 2017, totaling $1.8 billion according to the International Energy Agency’s World Energy Investment 2018 report which was published this week, which also showed $750 billion was spent on the electricity sector, compared to only $715 billion on oil & gas supply, while investment in renewables and energy efficiency fell by 3%.
One of the world’s leading reinsurers, Swiss Re, has this week announced it will not provide re/insurance to businesses with more than 30% exposure to thermal coal across all lines of business, the latest company to tighten the screws on the future of the thermal coal industry.
After ten years of writing for CleanTechnica, Joshua S Hill takes a look back over the last decade in the clean technology industry to examine some of the biggest trends that have shaped the face of the industry.
The Royal Bank of Scotland announced a new suite of energy financing policies at the end of May, which are designed to substantially reduce the bank’s exposure to fossil fuel investments and includes halting project-specific financing for new coal-fired power stations, coal mines, and oil sands and Arctic oil projects.
Other than our dozens and dozens of stories and our other news roundups, here are some more noteworthy cleantech and dirty energy stories from the past week or so: Clean Energy (In General) Aruba has enlisted Sir Richard Branson in a 100% green energy push. “The Caribbean island of … [continued]
