Oil in the North Sea is expected to be net-energy negative by 2031. This means that in 2031, it’ll cost more energy to extract the fossil fuels than we would gain by using them, rendering extraction unfeasibly expensive. Yet, rather than use our remaining years of access to these fuels to turbo-charge new energy infrastructure, fossil fuels are being extracted and burned for business as usual: quick cash. Around the world, the lights will go off in nations that don’t have back-up renewables. That’s most of them.
G20 countries spent $142bn in three years to expand operations despite a G7 pledge to stop doing so, study finds
The world’s biggest economies have continued to finance the expansion of fossil fuels in poor countries to the tune of billions of dollars, despite their commitments on the climate.
Global concentrations of carbon dioxide, methane and nitrous oxide climbed to unseen levels in 2023, underlining climate crisis
The levels of the three most important heat-trapping gases in the atmosphere reached new record highs again last year, US scientists have confirmed, underlining the escalating challenge posed by the climate crisis.
"The science is clear: No new oil and gas fields, or the planet gets pushed past what it can handle," said one analyst.
Fossil fuel-producing countries late last year pledged to "transition away from fossil fuels," but a report on new energy projects shows that with the United States leading the way in continuing to extract oil and gas, governments' true views on renewable energy is closer to a statement by a Saudi oil executive Amin Nasser earlier this month.
The federal government provided at least $18.5 billion to the fossil fuel and petrochemical industries last year, according to a new report by Environmental Defence.
The largest single subsidy was to Trans Mountain, which benefited from $8 billion in loan guarantees to try to get its nearly completed $35-billion pipeline expansion project to the finish line.
The ship strike and tragic collapse of Baltimore’s Francis Scott Key Bridge early Tuesday morning has put a spotlight on the potential risks faced by two of Metro Vancouver’s key spans.
A majority of Canadians want Prime Minister Justin Trudeau’s government to implement a windfall tax on oil and gas companies’ profits, according to a new poll.
The findings from Leger come approximately one month before the federal government unveils its next budget. Before the budget is unveiled, environmental advocacy groups are urging Finance Minister Chrystia Freeland to respond to public support by taxing the record profits of the fossil fuel sector.
