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.
Europe’s largest bank HSBC said on Friday it would mostly stop funding new coal power plants, oil sands and arctic drilling, becoming the latest in a long line of investors to shun the fossil fuels.
“When it comes to climate change, our plan is clear,” said Ms. Ardern, a member of the center-left Labor Party. “We are committed to the goal of becoming a net zero emissions economy by 2050.”
The economics of generating electricity from fossil fuels are deteriorating rapidly as renewable energy technology plunges in costs.
Two months after New York’s Mayor announced he was suing oil companies for their role in climate change, former California Governor Arnold Schwarzenegger has revealed he intends to do the same, stating oil companies are “knowingly killing people.”
Porsche has stopped production of cars with diesel engines, according to Autocar. The UK-based automotive publication reported Tuesday all models equipped with diesel engines have been dropped following an emissions compliance issue for European markets.
Yasuní National Park was established in 1979, when Ecuador drew a boundary around roughly 10,000 square kilometers of Amazonian rainforest where the equator, Andes, and Amazon converge. A single hectare there holds more insect species than all of North America. The park remains home to the Huaorani and two uncontacted peoples who have lived there for generations.
