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JP Morgan Chase — the Oil Industry’s Bank of Choice — Will Withdraw Support for Some Fossil Fuels
It will put restrictions on financing new coal-fired power plants, phase out “credit exposure” to the industry by 2024 and stop funding new oil and gas drilling projects as part of protecting the Arctic National Wildlife Refuge.
- Categories
- Environment
- Tags
- banking, environment, fossil fuels
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Goldman Sachs to Spend $750 Billion on Climate Transition Projects and Curb Fossil Fuel Lending
“There is not only an urgent need to act, but also a powerful business and investing case to do so,” Goldman Sachs CEO David Solomon wrote in an opinion piece published Sunday in the Financial Times.
- Categories
- Environment, Finance
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Viewpoint: Myanmar Solar: Lots of Potential, But a Cloudy Outlook for Solar Energy Development and Growth
Demand for energy has been growing fast, in parallel with the ASEAN (Association of Southeast Asian Nations) member’s economy, and solar energy is competing against a variety of conventional, as well as alternative low- or zero-carbon, energy resources for its share of Myanmar’s energy mix.
- Categories
- Energy
- Region
- Asia Pacific
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Viewpoint: Fossil Fuel Subsidies And Impact Greenwashing Are Stalling The Energy Transition
It sounds reasonable that market forces make fossil fuels our energy source of choice. The reality is quite different, however.
- Categories
- Energy
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Concordia Vows to Divest From Fossil Fuels, Invest in Sustainable Funds
Concordia University is pledging to withdraw all its investments in the coal, oil and gas industries within five years, making it only the third university in Canada to divest from the fossil fuel sector.
- Categories
- Investing
- Region
- Europe & Eurasia
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Viewpoint: The Energy Transformation Is Not Happening Fast Enough
Climate finance as promised at the 2015 Paris meeting could have helped to avoid the recent construction of many new coal-fired power plants in Asia and Africa, which will be adding to the legacy of our industrial era for decades to come. But alas, as economic nationalism and ethnic chauvinism have taken roots, the willingness for international cooperation has dwindled, and with it the willingness to cooperate.
- Categories
- Energy
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The Drive to Embed ‘Planetary Health’ Impacts Within Corporate Sustainability Strategy
The connection between the health of the planet, the quality of the air and the cleanliness of our drinking water have very direct impacts on health.
- Categories
- Environment
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A Clean Alternative to Fossil Fuels: Could This New Renewable Energy Source Help Solve Climate Change?
The need for climate change solutions is becoming more urgent by the day. But as the recent riots in Paris demonstrated, the public often has limited patience with carbon taxes. What’s needed, says Audun Sommerli Time at NextFuel AB, is a fuel source that can be used in the world’s existing energy infrastructure, without adding CO2 to the atmosphere. NextFuel has developed such a product: A renewable, carbon-negative fuel that’s both affordable and compatible with fossil fuel-based energy plants. He explains why it represents “the world’s best hope for addressing climate change.”
- Categories
- Energy
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