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...IHC’s interest highlights the growing clout of Middle Eastern money in the global mining industry as the region’s governments seek to diversify their economies beyond fossil fuels....
...Meanwhile, the MHI boss urged the US not to abandon fossil fuels in the rush towards clean energy....
...Mercuria said its energy transition strategy is to invest in all parts of the energy sector, including fossil fuels, while the transition is under way and that this new investment would accelerate the energy...
...Under the new rules, investors “who are committed to net zero” should introduce new fossil fuel financing restrictions that include a ban on investments in new oilfields and gasfields, and in new baseload...
...About £1 out of every £200 of the fund is now invested in fossil fuels....
...All but one of the fleet is set to close by the end of the decade, however, just as demand for low-carbon electricity is set to rise as part of the shift away from fossil fuels....
...The proposed closure highlights the risk to Scotland’s oil and gas sector as the UK seeks eventually to phase out fossil fuels as part of its commitment to achieve net zero emissions by 2050....
...As the world tries to ditch fossil fuels, the company has positioned itself as a manufacturing powerhouse across a suite of green technologies....
...Flying is responsible for about 5 per cent of the world’s greenhouse gas emissions, and the aviation industry faces a difficult journey to wean itself off the fossil fuels that power jet engines....
...Prices for gas and power have eased in the past 12 months as European governments have found alternative sources of supply, but volatility is expected to continue as the region’s fossil fuel dominated electricity...
...which teamed up with US firm EIG to buy Origin with a view to splitting it up, has maintained the takeover means it would invest between A$20bn and A$30bn over the next decade in Australia’s move away from fossil...
...The profits from fossil fuel could be used to address some of the continent’s most pressing infrastructure problems, he argued....
...But it is also at the heart of one of the biggest challenges facing whoever forms the next government: making far greater inroads in the country’s shift away from fossil fuels, while boosting growth and...
...The deal is the latest in a long line of investments in the luxury hospitality sector by the PIF, as part of a push by the fund to diversify Saudi Arabia’s economy away from fossil fuels....
...The billionaire outlined plans to manufacture wind turbines as part of his fossil fuel company’s transition to renewable energy, which will include ambitious green hydrogen projects....
...Fossil fuel units and much less profitable green divisions are fighting for capital, which has become scarce of late. Transition cannot be left to start-ups....
...A divergence from the International Energy Agency’s view that fossil fuel demand will peak by 2030 was abundantly clear....
...But restricting lower-cost imports could stymie the development of the electric vehicle market at a time when Europe is trying to limit fossil fuel emissions and working towards outlawing combustion-engined...
...They’re one of the world’s largest index fund providers […] so of course they’re […] the biggest investor in fossil fuels. Conspiracy town.”...
...Fossil Trading did not respond to a request for comment. Amur Trading FZCO and Amur Investments Ltd could not be reached....
...That talk included slides arguing that the world had “Stockholm syndrome” due to its reliance on fossil fuels and on how the structures that support life on the planet were set to unravel....
...It’s a lake in Canada that demonstrates the permanent damage caused by humans, showing traces of microplastics, fossil fuel residue and plutonium from bomb tests....
...She believes consultancies — whose direct carbon footprint is relatively small — must stop advising fossil fuel companies....
...Batteries now underpin the prodigious task of overhauling the global energy and transport system to reduce reliance on fossil fuels....
...This would have a massive effect on reducing methane emissions as well as greenhouse gas emissions from burning fossil fuels for electric power and for transport....
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