Economy & Business

"Switching from fossil fuels to renewable energy could save the world as much as $12tn (£10.2tn) by 2050, an Oxford University study says."

"The White House has pledged $60 billion to a cause Robert Bullard has championed since the late seventies. He wants guarantees that the money will end up in the right hands."

"The electricity industry knew about the dangers of climate change 40 years ago. It denied them anyway."

"Energy majors are exaggerating their green credentials in public messaging while continuing to allocate the majority of new investment to oil and gas projects, according to an industry analysis released Thursday."

"A new brand of offsetting allows companies to call themselves "plastic-neutral" while continuing to use plastic themselves. What's it all about?"

"In the weeks since President Biden signed a comprehensive climate bill devised to spur investment in electric cars and clean energy, corporations have announced a series of big-ticket projects to produce the kind of technology the legislation aims to promote."

"Gov. Wolf touted jobs and less plastic pollution when the plans were announced in April, but a professor from Carnegie Mellon who’s studied the technology says it can lead to “sustainability fraud.”"

"Global public subsidies for fossil fuels almost doubled to $700bn in 2021, analysis has shown, representing a “roadblock” to tackling the climate crisis." "Support amid huge industry profits is a ‘roadblock’ to tackling climate crisis, says International Energy Agency".