This G7 will need to look for innovative models to accelerate investments, including private-public partnerships, Pichetto Fratin said. “We certainly need to revise the financial system, to find mechanisms that overcome the current voluntary system,” he said. While Italy, which currently holds the rotating G7 presidency, is in a leadership position at this weekend’s … Read more
“As a head of the country, which is rich with fossil fuels, of course, we will defend the right of these countries to continue investments and to continue production,” he said. “Petrostates are perfecting a sinister COP playbook,” said Patrick Galey, a fossil fuel investigator with Global Witness. “Just like the UAE, Azerbaijan is planning … Read more
Persistent and severe drought conditions across Western Canada could have a devastating effect on the oil and natural gas sector, which has drilling operations in some of the driest areas, according to a new report by Deloitte. Limited water supply could have significant effects on the production of oil and gas, the report warns, and … Read more
A new report says the federal government is providing billions of dollars in financial support for the fossil fuel industry, despite measures announced last year to limit certain types of subsidies for the oil and gas industry. The analysis, released today by the advocacy group Environmental Defence, estimated that Ottawa offered up at least $18.6 … Read more
Associated Press BERKELEY — The city of Berkeley, California, has agreed to halt enforcement of a ban on natural gas piping in new homes and buildings that was successfully opposed in court by the California Restaurant Association, the organization said. The settlement follows the 9th U.S. Circuit Court of Appeals’ refusal to reconsider a 2023 … Read more
For the ninth straight month, Earth has obliterated global heat records — with February, the winter as a whole and the world’s oceans setting new high-temperature marks, according to the European Union climate agency Copernicus. The latest record-breaking in this climate change-fuelled global hot streak includes sea surface temperatures that weren’t just the hottest for … Read more
Environment Minister Steven Guilbeault says Ottawa has to take action against Saskatchewan for breaking the federal carbon-pricing law. Premier Scott Moe said last week Saskatchewan would not submit the money it owes for the carbon price on natural gas as required on Feb. 29. Moe is protesting Ottawa’s decision to exempt heating oil from the levy … Read more
During his Budget 2024 speech, Finance Minister and Deputy Prime Minister Lawrence Wong announced a S$5 billion Future Energy Fund as part of Singapore’s transition to clean energy. Geothermal and nuclear energy sources are currently being studied as part of the country’s power portfolio. GE Vernova’s Asia Decarbonization Leader Kazunari Fukui is our guest this … Read more
Multiple efforts are underway on both sides of California’s political divide to short-circuit a legislative plan to impose fixed fees — based on your income — on customers of PG&E and other utility leviathans. Both Democrats and Republicans in the state Legislature have crafted separate measures designed to squash a plan to implement a fixed … Read more
Our planet is changing. So is our journalism. This weekly newsletter is part of a CBC News initiative entitled “Our Changing Planet” to show and explain the effects of climate change. Keep up with the latest news on our Climate and Environment page. Sign up here to get this newsletter in your inbox every Thursday. This week: From … Read more
