Countries around the world, including Canada, are officially under pressure to further ratchet up their commitments under the Paris Agreement, the UN’s climate change executive secretary Simon Stiell told delegates at the annual climate negotiations in Dubai.
The latest grim findings from climate scientists estimate that based on current trajectories, the planet has roughly six years before blowing past the Paris Agreement’s goal to hold global warming to 1.5 C, Stiell said during the COP28 opening ceremony.
Global oil and gas demand will start to fall before 2030, marking the “beginning of the end” of the fossil fuel era, the International Energy Agency (IEA) declared last week, in an op ed penned by Executive Director Fatih Birol.
Wind turbines are being dismantled to make way for a massive coal mine expansion in Germany, and Canada’s largest bank RBC is helping pay for it using “sustainable” finance.
Five oil majors are accused of downplaying the risks posed by fossil fuels since the 1950s, The New York Times reports.
The US state of California has sued five oil giants for their alleged role in downplaying the risk posed by fossil fuels while causing tens of billions of dollars in damage, The New York Times has reported.
Oil, gas and coal benefited from $7tn in support in 2022 despite being primary cause of climate crisis
Fossil fuels benefited from record subsidies of $13m (£10.3m) a minute in 2022, according to the International Monetary Fund, despite being the primary cause of the climate crisis.
![Lawsuit to put the spotlight on the fossil fuel industry while seeking compensation for future damage caused by climate-related disasters [File: Bing Guan/Reuters]](https://ecosocialistsvancouver.org/sites/default/files/styles/medium/public/article-image/screenshot_2023-09-17_142939.png?itok=YbJlCzTl)
