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.
Not exact matches
But Science Buddies realizes that teachers also need concrete support in the form of physical science materials that can be used for student
projects, for classroom STEM experimentation and
exploration, or to
fuel the development of a school Maker Space.
While geothermal
projects require significant up - front capital investments, especially for
exploration, drilling, and power plant construction, the typically low operation cost — including zero expense for
fuel — means that over their lifetimes geothermal power plants are often cost - competitive with fossil
fuel or nuclear power plants.
New analysis released today by Oil Change International finds that World Bank Group finance for
projects that included
exploration for new fossil
fuel resources reached a new high in FY2013, at nearly $ 1 billion out of the $ 2.7 billion spent in total for fossil
fuel projects.
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.
It can be a ban on all new fossil
fuel projects of any kind or it could focus on
exploration, extraction, transportation, generation — or even the use of your local natural resources like water for use in fossil
fuel projects.
Reduce dependency on (imported) fossil
fuels (balance of payments, reliance on potentially unfriendly or unstable nations as suppliers, high cost at the pump, all problems as seen from US viewpoint): — encourage nuclear power generation (cut red tape)-- encourage energy savings and improved efficiency
projects (tax breaks)-- encourage basic research into new (non fossil
fuel) resources (subsidies)-- encourage imports from friendly neighbor, Canada (Keystone pipeline)-- encourage local oil and gas
exploration («drill, baby, drill»)-- encourage «clean coal»
projects (tax incentives)-- set goal to become energy independent within ten years
As a first step, the banks should commit to ending finance for fossil
fuel exploration and provide transparency about
project emissions.»
It calls for «immediate and ambitious action to stop
exploration and expansion of fossil
fuel projects and manage the decline of existing production» and notes that «the carbon embedded in existing fossil
fuel production will take us far beyond safe climate limits» and «many existing
projects will need to be phased - out faster than their natural decline.»
The list is long and worth many billions (sorry for caps); — GREENHOUSE GAS ABATEMENT PROGM (Carbon capture)-- NON-RECOVERY OF PUBLIC AGENCY COSTS — PETROLEUM
EXPLORATION TAX CONCESSIONS — RESEARCH AND DEVELOPMENT ASSISTANCE — DIRECT SUBSIDIES TO FOSSIL
FUEL PROJECTS — DIESEL
FUEL REBATE SCHEME — EXEMPTION FROM EXCISE FOR ALTERNATIVE
FUELS Ethanol production which is an energy sink)-- CONCESSIONAL RATE OF EXCISE FOR
FUEL OIL, — HEATING OIL AND KEROSENE — CONCESSIONAL RATE OF EXCISE FOR AVIATION
FUEL — EXCISE FREE STATUS FOR CONDENSATE — SUBSIDISED SUPPLY OF COAL - FIRED ELECTRICITY TO — ALUMINIUM SMELTERS — STATE ENERGY SUPPLY CONCESSIONS — ELECTRICITY PRICING STRUCTURES — SUBSIDIES FOR CENTRALISED GENERATION
While overall financing of fossil
fuel projects at the World Bank has gone down in recent years, support for
projects that include
exploration for fossil
fuels has continued to rise.
Providing tens of billions of dollars every year to new fossil
fuel projects, including the
exploration and production of new fossil
fuels, will catapult the world's global warming past the 2 degree Celsius ceiling of the Paris Agreement.
The 50 per cent drop in oil price over the past year is none other than a very intentional effort to take off the table very expensive fossil -
fuel exploration and
projects that will not be viable with lower prices.
Slowing down fossil
fuel development also renders moot
projects that would spend big dollars on fossil
fuel exploration and extraction, such as the Keystone pipeline.
The Declarations affirm that it is the urgent responsibility and moral obligation of wealthy fossil
fuel producers as well as public and private investors and development institutions to lead in «stopping
exploration and expansion of fossil
fuel projects and managing the decline of existing production in line with what is necessary to achieve the Paris climate goals.»
I would like to utilize my over 20 years of IT
Project Management experience within the Retail Apparel, Retail
Fuel and Oil and Gas
Exploration industries to enable a Fortune 500 or greater company to reach or surpass their revenue and performance goals.