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Fossil Fuel Companies Make Billions in Profit as We Suffer Billions in Losses

Union of Concerned Scientists

The world’s biggest fossil fuel companies recently released their 2022 earnings reports, revealing record-breaking profits last year; just five companies–ExxonMobil, Shell, BP, Chevron, and TotalEnergies–reported a total of nearly $200 billion in profits. billion, respectively, during 2022. billion and $35.5

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Fossil Fuel Disinformation Threats Aim to Hinder Meaningful Action at COP28 

Union of Concerned Scientists

Yet, driven by vested interests in the fossil fuel industry , misleading narratives aim to distort and hinder meaningful climate commitments. Fossil fuels are the problem It’s pretty simple: the burning of fossil fuels is the main driver of climate change. billion tons of the 40.5

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2024 Year in Review: Clean Energy Progress Steeped in Solar and Storage

Union of Concerned Scientists

According to the latest EIA data, wind power, the leading source of US renewable electricity, may have supplied 7% more generation in 2024 than in 2023, and accounted for almost 11% of the countrys total electricity. It added up to 24% of total electricity generation in 2024, compared with 23% in 2023. One of 2024s new crop.

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Clean Energy Saw as Much Investment as Fossil Fuels for the First Time in 2022

Yale E360

Solar, wind, electric vehicles, and other clean energy technologies saw a record-high $1.1 trillion in investment globally last year, matching investment in fossil fuels for the first time ever, according to a new report from Bloomberg New Energy Finance. Read more on E360 →

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How Transmission—Not Gas—Will Bolster Winter Grid Reliability: A Look at MISO South

Union of Concerned Scientists

This new generating capacity, coupled with more transmission capacity, will enable us to share far more electricity between regions during extreme weather events. Note: Grid operators implement rolling blackouts, or firm load shedding, when electricity demand exceeds available supply. Although much shorter than the 4.5

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Disinformation Alert: Fossil Fuel Interests Preparing to Deploy False Claims about New EPA Rules

Union of Concerned Scientists

Fossil fuel power plant owners are facing increased accountability for their air and water pollution, including from a new round of environmental and public health protections that are being rolled out by the US Environmental Protection Agency (EPA). We’ve heard these lazily disingenuous narratives before.

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Driving on Electricity Is Now Much Cleaner than Using a Gasoline Car

Union of Concerned Scientists

Replacing gasoline with electricity greatly reduces the carbon emissions from driving. Based on where electric vehicles (EVs) have been sold, driving the average EV in the US produces global warming emissions equal to a hypothetical 94 mile per gallon gasoline car, or less than a third of the emissions of the average new gasoline car.