Fossil Fuels

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.…

UK goes longest time ‘Coal-free’ since the 80’s

What’s Going On Here? On 10th June 2020, Britain marked the longest time (ever!) generating electricity without coal. What Does This Mean? When Britain went into lockdown, electricity demand plummeted to that of the 80’s (when there were 10 million less of us!). The National Grid forecasted a 20% fall below the normal level and right now our daily electricity demand profile on a weekday…

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…