Energy

Keep Coal in the Hole: is the Controversial Cumbrian Coal Mine Being Reconsidered?

What’s Going On Here? After pledging to phase out coal, the UK government allowed planning of the first new deep coal mine in 30 years. After pressure from environmental groups, the Committee on Climate Change (CCC) and head climate figures, the county council may now be reconsidering the application.  What Does This Mean? Last October Cumbria County Council permitted planning permission for…

Renewables hold under the strain of COVID-19

What’s Going On Here? This week the International Energy Agency (IEA) released its Renewables 2020 report, a detailed analysis of the impact of COVID-19 on renewables in the electricity, transport and heat sectors.  What Does This Mean? Whilst almost all other fuels have been badly impacted, the renewable energy sector has adapted to the rapid changes of the ongoing COVID-19 pandemic and…

Shell’s Greenwashing Tweet Backfires

What’s Going On Here? On Tuesday morning, fossil-fuel major Shell had the audacity to post a poll on Twitter asking the public what actions they were willing to take as individuals to reduce their carbon emissions, sparking spectacular backlash. What Does This Mean? High profile responders included US congresswoman Alexandria Ocasio-Cortez, Greta Thunberg and climate scientists Prof Katharine Hayhoe and Peter Kalmus.…

Investment gets political…divestment from anti-climate lobbyists!

What’s Going On Here? One of the biggest financial asset management firms has moved its investments out of major petrochemical and mining companies due to their actions lobbying against green policies. What Does This Mean? Storebrand, a Norwegian firm with investments of $90bn, has divested from (moved money out of) major oil, gas and mining companies including ExxonMobil, Rio Tinto and Chevron.…

£2billion in UK green home grants

What’s Going On Here? Hundreds of thousands of homeowners will receive vouchers for energy-saving home improvements in England, with the poorest getting up to £10,000. What Does This Mean? A £2bn grant scheme has been announced as part of a wider £3bn “green investment” package announced in the chancellor’s summer statement yesterday.The scheme is a welcome injection of cash into the home retrofit industry,…

Fuelling the Climate Crisis

What’s Going On Here? Sometimes good news comes from the most unexpected of places. So it was this week with a report leaked from JP Morgan that acknowledged, in no uncertain terms, the threat posed by climate change: “we cannot rule out catastrophic outcomes where human life as we know it is threatened” JPM’s economists warned their shareholders. What Does This Mean? Feel like…