Insurance companies that have long said they’ll cover anything, at the right price, are increasingly ruling out fossil fuel projects because of climate change—to cheers from environmental campaigners.
More than a dozen groups that track what policies insurers have on high-emissions activities say the industry is turning its back on oil, gas, and coal, The Associated Press reports.
Pellets from virgin forests fuel the U.K.'s Drax Power Station, backed by politicians and subsidies
From the highway just south of Prince George, B.C., you can see the logs, thousands of them, piled neatly in rows.
They were cut from trees in old growth and primary forests in the province's Interior.
This timber won't be used to build homes or furniture, or even to make paper. These logs will be ground and compressed into tiny pellets, shipped to Europe and Asia and burned to produce fuel for electricity.
"Fossil fuel subsidies are a roadblock to a more sustainable future," said the head of the International Energy Agency.
An analysis published this week found that government subsidies bolstering the production and consumption of coal, oil, and gas nearly doubled in 2021, even as climate scientists warned that fossil fuel development must be rapidly cut off if the international community is to have any hope of stopping runaway planetary warming.
The 51-year-old agency has been losing both power and credibility over recent decades, and SCOTUS’s recent ruling undermines it even more.
West Virginia v. Environmental Protection Agency completes a trifecta of long-sought court victories for the right. What New York State Rifle & Pistol Ass’n v Bruen did to gun control and Dobbs v Jackson Women’s Health Organization to reproductive rights, West Virginia v EPA has done to climate.
In a blow to the fight against climate change, the United States Supreme Court on Thursday limited how the nation's main anti-air-pollution law can be used to reduce carbon dioxide emissions from power plants.
People just want to go on doing what they’re doing. They want business as usual. They say, “Oh yes, there’s going to be a problem up ahead,” but they don’t want to change anything. — James Lovelock
