Oil, natural gas & divestment

This archive tracks meaningful progress on oil, natural gas, and divestment — from institutions pulling funds out of fossil fuels to policy shifts that reshape energy finance. Stories here document what’s actually changing, and who’s driving it.

The Hague waterfront and buildings, for article on fossil fuel ad ban

The Hague becomes world’s first city to pass law banning fossil fuel-related ads

The Hague has just become the first city in the world to legally ban fossil fuel advertising, prohibiting promotions for petrol, diesel, aviation, and cruise ships across billboards, bus shelters, and other outdoor spaces starting in 2025. The ordinance took two years to pass and arrived only after voluntary agreements collapsed, with ad operators simply refusing to comply. Researchers compare it to tobacco advertising bans: the point isn’t just to stop one billboard, but to chip away at the sense that high-carbon choices are the normal default. Cities like Toronto, Graz, and Amsterdam have been waiting for someone to go first, and now they have a working legal template. It’s a small but meaningful reminder that cities don’t have to wait for national governments to start reshaping the climate conversation.

Break Free From Fossil Fuels flyer

Australia and Norway to stop overseas fossil fuel financing

Australia and Norway have formally joined the Clean Energy Transition Partnership (CETP), a historic alliance aiming at ending international public subsidies for fossil fuels. The CETP was launched during COP26 in Glasgow and has grown to include 41 countries and organizations, signaling a significant step forward in combating the climate catastrophe.

Furnace flames

Massachusetts becomes first U.S. state to approve phase-out of natural gas as a source for residential heating

According to Inside Climate News, Massachusetts is the first state to take such a clear step to phase out natural gas, but it likely won’t be the last. At least 11 other states, including California, Colorado, Illinois, Maryland, Minnesota, Nevada, New Jersey, New York, Oregon, Rhode Island and Washington — as well as Washington, D.C. — have ongoing regulatory cases that are exploring the future of natural gas.

"Break free from fossil fuels" sign, for article on fossil fuel electricity

E.U.’s use of fossil fuels for electricity falls 17% to ‘record low’ in first half of 2023

Fossil fuels generated just 33% of the European Union’s electricity in the first half of 2023, the lowest share ever recorded. Coal had an especially striking moment: in May, it covered only 10% of EU power, and the Netherlands ran 17 straight days without burning any at all. Seventeen member states set new records for renewable generation, with Portugal and Denmark both crossing 75%. Solar kept climbing, and wind and solar together outproduced fossil fuels across the bloc in May for the first time. It’s a real glimpse of what a cleaner grid looks like — and a reminder that the next push is building enough renewables, storage, and grid capacity to power everything we’ll ask of electricity next.