About a third of the human budget comes
from fossil fuel exploration, where methane leaks from oil and gas wells during drilling, the researchers said in a press release.
Implementation of this policy commitment would also render unnecessary continued substantial expenditure
on fossil fuel exploration, because any new discoveries could not lead to increased aggregate production.
It looks specifically at provision of grants, equity, loans, guarantees and insurance by majority government - owned institutions for domestic and
international fossil fuel exploration and production.
Financing
for fossil fuel exploration continued at significant levels, in spite of the fact that this lending supports the expansion of projects that threaten the climate.
As Lofoten Declaration signatory Secretary General Martel of the Pacific Island Development Forum importantly notes, «the only reason why
fossil fuel exploration continues is because of powerful people with vested interests and the political influence that they wield.
At a time where we need to double down on actions to mitigate climate change, we should be looking towards the future set by the State's ambitious renewable energy goals and responsible offshore wind development, not
new fossil fuel exploration.»
World Bank Group finance for
fossil fuel exploration projects from FY2008 to 2013 was highest in 2013, at nearly $ 1 billion out of $ 2.7 billion total for fossil fuel projects.
After moving last month against former President Obama's efforts to
limit fossil fuel exploration and combat climate change, Trump will complete his effort to overturn environmental policy this week, signing two executive orders to expand offshore drilling and roll back conservation on public lands.
If fossil fuel exploration is opened up along the U.S. east coast, an already noisy neighborhood from ship traffic will get a lot louder.
In a letter being delivered to the White House on Thursday, nearly 400 scientists from more than a dozen countries are urging President Obama to stop future oil and gas drilling in the Arctic Ocean because of the significant environmental and climate risks associated with
further fossil fuels exploration there.
Gasland explores the impacts of natural gas drilling, or fracking, on the environment and communities in North America, highlighting the link
between fossil fuel exploration and climate justice.
President Obama could take some action in this area without approval from Congress, just as he has the power to
restrict fossil fuel exploration on public lands.
The African Development Bank and Asian Development Bank have already excluded financing for
fossil fuel exploration based on financial risks, and the other MDBs should follow suit.
More than 2.7 million acres of iconic US landscape could be at risk from
fossil fuel exploration following Donald Trump's decision to review protections on national monuments, an Energydesk investigation can now reveal.
«To truly protect the poor, the World Bank must end all lending for
fossil fuel exploration aimed at expanding carbon reserves that already exceed our climate's capacity.
New Analysis: World Bank financed $ 1 billion
in fossil fuel exploration projects Over $ 3 billion in exploration projects since 2008
Generous government subsidies are actually propping up
fossil fuel exploration which would otherwise be deemed uneconomic, states the report, «The fossil fuel bail - out: G20 subsidies for oil, gas and coal exploration.»
Yesterday, Nicolas Hulot (French minister of «solidarity - based and ecological transition») presented the draft of a law aiming at
freezing fossil fuel exploration and extraction in France and French territories.
The effort to protect New York waters
from fossil fuel exploration, drilling, and infrastructure complements the Governor's recent effort to expand artificial reefs to improve the State's diverse marine life and boost Long Island's recreational and sport fishing industries.
A new report by Oil Change International identifies billions of dollars in subsidies
for fossil fuel exploration from the world's wealthiest countries.
The US president's executive order seeking to overturn a ban
on fossil fuel exploration in Arctic waters is unsafe and irresponsible, says Owen Gaffney
The plan would open two areas of the North Atlantic coast adjacent to New York State for
fossil fuel exploration, according to a statement from Cuomo's office.
According to the Government of Canada's Management Plan for gray whales, threats to the eastern North Pacific population of gray whales include: [134] increased human activities in their breeding lagoons in Mexico, climate change, acute noise, toxic spills, aboriginal whaling, entanglement with fishing gear, boat collisions, and possible impacts from
fossil fuel exploration and extraction.
Jeremy Grantham says renewables «will» replace fossil fuels, questions wisdom of investing in
fossil fuel exploration (CleanTechnica).
Five Nobel Peace Laureates have called on Norwegian Prime Ministerial candidates to declare their intent to put an end to
fossil fuel exploration and expansion.
Some outlets have incorrectly reported that the World Bank Group will eliminate only their finance for
fossil fuel exploration, but it's even bigger than that: the World Bank described it as a commitment to end «upstream oil and gas finance,» which means they're planning to phase out all of their extraction - related finance.
Immediately repeal existing tax breaks for
fossil fuel exploration and production, and halt efforts to extend and expand tax credits for unconventional fossil fuel production technologies, like carbon capture and storage and enhanced oil recovery.
This plan would open two areas of the North Atlantic coast adjacent to New York State for
fossil fuel exploration.
As a first step, the banks should commit to ending finance for
fossil fuel exploration and provide transparency about project emissions.»
Today, the Trump administration announced a five - year offshore drilling proposal that would open up nearly all federal coastal waters for
fossil fuel exploration.
We call on these governments and companies to recognize that continued
fossil fuel exploration and production without a managed decline and a just transition is irreconcilable with meaningful climate action.
They exclude investments in companies that have significant exposure to
fossil fuel exploration or production, as well as alcohol, tobacco, gambling, and weapons.
Energydesk took official US government maps of fossil fuel plays and sedimentary basins and overlaid them with national monument boundaries to identify areas potentially at risk from
fossil fuel exploration.
The investigation took official US government maps of oil and gas plays, coal fields, and sedimentary basins and overlaid them with national monument boundaries to identify areas potentially at risk from
fossil fuel exploration.
Today, Oil Change International released a comprehensive report on
fossil fuel exploration and production subsidies in the U.S. — Cashing in on All of the Above: U.S. Fossil Fuel Production Subsidies under Obama — which demonstrates that at a time when we need urgent action on climate change more than ever, the U.S. government is channeling huge and growing amounts of money to increasing discovery and production of oil, gas, and coal.
Additionally, while the President is rightfully calling on Americans to «forcefully» address global warming, by using the Environmental Protection Agency's authority to reduce greenhouse gas emissions, his claim of climate change leadership is weakened by his administration's continued pursuit of fracking and
fossil fuel exploration and export.