Category Archives: Fossil Fuel Reduction

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 2 June 2015, Renew Economy, Big Oil turns on Big Coal, but not to save the planet: In a stunning reversal on years of opposition to a global carbon price, the CEOs of six European oil and gas giants have said they are now ready for a price on carbon. But not so they can save the planet. Big Oil has broken ranks with Big Coal in a bid to save its own business model, hoping that an international carbon price will phase out coal and cause more gas to be consumed.

The CEOs of the European oil giants Shell, BP, Total, Statoil, Eni and BG Group, with a combined revenue of $US1.4 trillion – although notably not the US giants Chevron and Exxon – sent letters last Friday to the head of the UN climate negotiations, Christiana Figueres, and Laurent Fabius, France’s Foreign Affairs and International Development Minister who will also lead the Paris climate talks later this year. Read More here

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2 June 2015, Inside Climate News, Bonn Climate Talks Aim to Build a Springboard to Paris, Not a Sinkhole: Six months before what may be the last chance for a global climate agreement in Paris, negotiators get to work on the draft text. As climate talks begin this week in Bonn to work on the draft text of a global agreement, the task of delegates expands to include the twin UN objectives of alleviating poverty and combating global warming. Delegates were also met with a new warning that the widely accepted target of limiting warming to 2 degrees Celsius may not be enough. Six months from the start of a Paris conference where the United Nations hopes to complete a far-reaching deal on the climate crisis, negotiators meeting in Bonn, Germany this week and next are back to working on their unwieldy draft text even as the treaty’s goals slide over distant horizons. Read More here

28 May 2015, Renew Economy, Tide turns on fossil fuels as Norway quits coal, ANZ goes green

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28 May 2015, Renew Economy, Tide turns on fossil fuels as Norway quits coal, ANZ goes green. In Europe overnight, the Norwegian parliament voted to instruct the government pension fund – the largest in the world – to cut its exposure to fossil fuel … Continue reading →

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27 May 2015, Politico, ExxonMobil CEO mocks renewable energy in shareholder speech: The CEO of one of the world’s largest oil companies downplayed the effects of climate change at his company’s annual meeting Wednesday, telling shareholders his firm hadn’t invested in renewable energy because “We choose not to lose money on purpose.” “Mankind has this enormous capacity to deal with adversity,” ExxonMobil CEO Rex Tillerson told the meeting, pointing to technologies that can combat inclement weather “that may or may not be induced by climate change.” Read more here