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...And there is no better way of displaying wealth than driving that kind of car.”...
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...“This decision [on offsets] looks like an illegitimate takeover,” with “no scientific basis and no backing from SBTi’s own technical council and standards development team”, said Thomas Day of the NewClimate...
...“But does achieving such goals require phasing out fossil fuels entirely? The scenarios we analyse in this report suggest that the answer is no.” 2....
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...Scientists have shown for years that it would be wise to hold global warming to 1.5°C, as outlined in the Paris Agreement....
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...In 2023, gross fuel duties were 2.4 per cent of gross receipts, down from 4.5 per cent in 2011....
...In 2016, the percentage was 5.8 per cent. The development is explosive. From 2025 there will be a ban on selling new fossil fuel-powered cars in Norway. Such developments cannot be ignored....
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...The first string of Ukrainian drone strikes in January reduced Russian refinery production by 400,000 barrels a day, from 5.6mn in early 2024 to 5.2mn barrels a day by early February, said Viktor Katona,...
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...EU climate commissioner Wopke Hoekstra said it was “clearly insufficient”, adding: “For the vast majority of our emissions we have no alternative than to drive them down and out asap.”...
...The trade curbs also covered engine oils, jet fuels and some chemicals....
...Equinor’s oil and gas business accounted for roughly 80 per cent of its capital expenditure last year, and it aims to increase fossil fuel production more than 5 per cent by 2026....
...Second, as with other commodity markets, the money going to the “producers” is sometimes only a small percentage (less than 5 per cent) of the total sum....
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...It produces no greenhouse gas emissions when used as a fuel and it can also be converted into ammonia, which is easier to store and transport....
...“Science is clear: we need to phase out fossil fuels within a timeframe compatible with limiting global warming to 1.5 Celsius,” the UN chief said on Sunday....
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...Together the investors oversee more than €3.8tn and own about 5 per cent of Shell....
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