Comments from a recent energy industry conference reveal major financiers of fossil fuels view environmental and social investing concerns as a trend to “inoculate” against but not a long-term threat to the industry.
“I kind of remind people, I personally think oil is a renewable, it just takes a little bit longer,” said Mari Salazar, senior vice president and manager of Energy Financial Services for BOK Financial, an Oklahoma-based bank that caters to the oil and gas industry.
Several proposed LNG projects in Canada promise carbon neutrality for their gas exports. But the claims lack detail and appear mostly designed to defang opposition to the gas rush.
Under growing pressure to rein in greenhouse gas emissions, developers of liquefied natural gas (LNG) are turning to questionable claims about “carbon neutrality,” “net-zero,” or “green LNG,” in order to pass muster with governments, investors, and society, who are becoming increasingly anxious about the climate crisis.
"Blue hydrogen has large climatic consequences. We see no way that blue hydrogen can be considered 'green,'" says the report.
While celebrated as a climate victory by the Biden administration, the large infrastructure bill passed in the U.S. Senate this week includes billions of dollars of funding toward "blue hydrogen," which new research published Thursday finds is more polluting than coal.
Hokkaido facility to churn out enough clean fuel for 10,000 vehicles
TOKYO -- Japan's largest hydrogen plant powered by offshore wind energy is set to open on the northern island of Hokkaido as part of a national effort to slash carbon dioxide emissions.
Scheduled to begin operation as early as the year ending March 2024, the plant will produce up to roughly 550 tons of hydrogen a year -- enough to fuel more than 10,000 hydrogen vehicles, according to plans.
Paris Agreement climate targets could soon be out of reach without immediate and massive greenhouse gas emission reductions, says the Intergovernmental Panel on Climate Change (IPCC) in a landmark report published Monday.
The first time I read about “Carbon Buster,” the solar farm Peter Nix built in 2016, I was delighted. Nix, a retired environmental consultant, in the sunny southern region of B.C.'s Cowichan Valley, spoke with pride about the potential of solar power. And it was just the beginning of the National Observer's efforts to feature ordinary people becoming climate heroes.
Wages for U.S. renewable energy workers stack up poorly against their coal and gas counterparts, casting doubts on President Joe Biden’s vision for a green sector that rebuilds the middle class.
“On its current trajectory, the green economy is shaping up to look less like the industrial workplace that lifted workers into the middle class in the 20th century than something more akin to an Amazon warehouse or a fleet of Uber drivers,” writes the New York Times.
Whatcom county’s council passed measure that bans new refineries, coal-fired power plants and other related infrastructure
A county in Washington state has become the first such jurisdiction in the US to ban new fossil fuel infrastructure, following a lengthy battle over the impact of oil refineries on the local community.