Global Financial Institutions Plan For Major Oil & Gas Lending Exits
The fossil fuel industry is finding it increasingly harder to obtain funding for its operations.
Carbon Tracker
What Happened To Coal Is Happening To Oil. Shell To Cut 9,000 Jobs
Shell says it will eliminate up to 9,000 workers in the next two years as it seeks to transform itself into a renewable energy company.
Sweden Shutters Last Coal-Fired Generating Plant 2 Years Early
The last coal-fired generating station in Sweden has been taken offline two years ahead of schedule.
Oil & Gas Majors Must Cut Output 35% By 2040 To Reach Paris Targets
A new report from independent financial think tank Carbon Tracker has concluded that the world’s seven leading oil and gas majors must cut production by an average of 35% by 2040 if global emissions are to be reined in and kept “well below” 2°C, in accordance with the Paris Agreement’s commitment.
Coal Power Is Bleeding Cold, Hard Cash (Thank You, Captain Obvious)
A new report indicates that EU coal power plants are sliding into a burning pit of financial quicksand, raising the specter of investor (and voter) revolt.
Google Supports WattTime Power Plant Emissions Tracking Project
With funding from Google.org, WattTime, in collaboration with Carbon Tracker and the World Resources Institute, will create a public database of power plant emissions around the world.
Oil & Gas Execs Are Rewarded For Pursuing Stranded Assets That Will Burn Investors
At the same time that oil and gas majors around the world are announcing plans to tie company climate action to employee remuneration, these same companies are still rewarding executives for pursuing traditional growth that will inevitably lead to stranded assets and financial loss for investors.
China × Cleantech — October
Welcome to the next issue of China x Cleantech, October edition. As always, China has produced a steady stream of stories — some got covered here on CleanTechnica and others slip under the radar. This monthly feature helps to better inform you of the rapid changes happening in China. China × Cleantech is also published over on the “Future Trends” section of our website. Here’s the previous report in case you missed it.
New Report Outlines Investor Risk Of Supporting Coal Power
Coal power plants around the world just can’t compete with natural gas and renewable energy, and that’s especially — and ironically — true in the US.
New Renewables Cheaper Than Old Coal In Southeast Asia
A new analysis from independent financial think tank Carbon Tracker has concluded that it would be cheaper to build new solar PV and onshore wind capacity in Indonesia, Vietnam, and the Philippines by the end of the next decade rather than continue operating existing coal-fired power plants.
