Fossil fuel companies and the banks that finance them “have humanity by the throat”, the UN secretary general has said, in a “blistering” attack on the industry and its backers, who are pulling in record profits amid energy prices sent soaring by the Ukraine war.
Canadians stand to lose over $100 billion in the energy transition as investors around the world continue to pour money into fossil fuel assets that will eventually become worthless, a bombshell international study finds.
With the Trudeau government continuing to tout liquefied natural gas (LNG) exports to help Europe free itself from dependence on Russian supplies, a new report says the continent is poised to boost renewable energy and reduce fossil fuels to just 18% of its electricity production by 2030, with the biggest importers of Russian oil and gas leading the way.
NOTE: Listen to this week’s interview on Clearing the FOG with Claudia de la Cruz of The People’s Forum about the Summit of the Americas and The People’s Summit.
