Fossil fuels

Nobel winners and former presidents slam lack of fossil fuel mention in UN pact draft

"Another stark failure to confront one of the greatest threats to our planet and humanity."

Melodie Michel

14 August 2024

Climate litigation

UK quashes new oil drilling project following landmark ruling

The move is in response to a landmark judgment from Britain’s highest court ruling that planning authorities must also consider the impacts of burning – not just extracting – fossil fuels when deciding whether or not to approve projects.

Olivia Peluso

11 July 2024

Operations & Finance

Lufthansa Group adds fee to cover EU sustainability regulations

The Lufthansa Group is introducing an environmental surcharge to all flights departing from the EU, the UK, Norway, and Switzerland, saying it could not bear the additional costs generated from soon-to-be enacted sustainability regulations.

Olivia Peluso

26 June 2024

Energy Transition

TotalEnergies, EnBW win offshore wind site for US$3.2 bn

TotalEnergies and EnBW won a 2.5 gigawatt (GW) German offshore wind site in an auction for a combined $3.2 billion.

Olivia Peluso

21 June 2024

Energy Transition

Wind and solar added more new energy than any other sources in 2023

Wind and solar combined in 2023 generated more new energy than any other source for the first time in history, though the world still burnt record-high levels of oil and coal.

Olivia Peluso

20 June 2024

Policy & Standards

G7 climate commitments fall short of corporate expectations

"This is a missed opportunity even at a time of uncertain politics.”

Olivia Peluso

18 June 2024

Energy Transition

EU energy transition: 20% of fossil fuel generation displaced by renewables since 2019

Without policy-driven wind and solar growth, fossil generation would have fallen by just 1.9% (21 TWh).

Melodie Michel

03 June 2024

Policy & Standards

SBTi updates financial institution guidance with optional fossil fuel target criteria

The new document also clarifies that the exclusion of non-material activities from FI targets “may not exempt any activities related to fossil fuels”.

Melodie Michel

30 May 2024

Sustainable Finance

Sustainable finance under scrutiny amid Barclays controversy

Overly flexible guidelines may be allowing banks to fund fossil fuel expansion under sustainability labels.

Melodie Michel

14 May 2024

Policy & Standards

Lack net zero targets among private firms could lead to CSRD penalties

Just eight of the top 100 private companies have set a net zero target in the past 18 months.

Melodie Michel

22 April 2024