Remove 2024 Remove Fossil Fuels Remove Politics
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Fossil Fuel Companies Make Billions in Profit as We Suffer Billions in Losses: 2024 Edition

Union of Concerned Scientists

Last year, I wrote that fossil fuel companies made billions of dollars in profit during 2022 as people around the world suffered billions of dollars in damage from climate and weather related disasters. Above: Lahaina, Hawai’i after the devastating August 2023 wildfire that killed more than 100 people and destroyed 2,700 homes.

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Making Fossil Fuels Pay for Their Damage

Legal Planet

Production and combustion of fossil fuels imposes enormous costs on society, which the industry doesn’t pay for. One option, a tax on carbon dioxide emissions, gets the most attention but seems politically impossible. A more promising alternative might be a clean-up tax on the fossil fuel industry.

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UK 2024 General Election – Mapped: The Tory network of climate denial and fossil fuel funding

A Greener Life

Since then, the Conservative government has made a series of U-turns on its own net zero policies, attacked Labour’s green spending plans, and doubled down on its support for new fossil fuel projects, approving more than 100 new North Sea oil and gas licences. This comes as DeSmog and Democracy for Sale reveal that £6.8 percent (£1.8

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Conservative Party received 40 percent of its donations from fossil fuel interests in the first week of the campaign

A Greener Life

From the 2019 general election to the start of the 2024 election campaign, the Tories had accepted at least £8.4 million from fossil fuel interests, climate science deniers, and highly polluting industries. Until April 2024, Farmer held shares in the fossil fuel giants Shell and BP, each worth more than £100,000.

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Analysis: The UK governments love-letter to the fossil fuel industry

A Greener Life

By Anders Lorenzen Prime Minister Rishi Sunak and his government are intensifying their support for the fossil fuel industry, and they have thus distanced themselves further from climate action previously pursued by successive UK governments. The UK Prime Minister Rishi Sunak pictured at a gas plant in Aberdeen. via FLICKR.

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RePlanet Nederland’s review of the draft Delegated Regulation on nuclear energy and gaseous fossil fuels in the sustainable finance taxonomy

Environmental Progress

Notably, in the same proposal, the Commission has also included screening criteria for gaseous fossil fuels. Their inclusion appears to be the result of a political compromise with Member States rather than of scientific appraisal as in the case of nuclear energy.

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Climate Change Accountability: How International Courts Can Drive Climate Action

Union of Concerned Scientists

Fossil fuel companies are well established as founts of disinformation , agents of obstruction, and drivers of climate change. Oral hearings for this advisory opinion occurred during September of last year, with an opinion expected in early 2024.