Page 6 - Fossil Fuel

Carbon neutrality powered by AI

Countries like India, which are leading the adoption of climate change measures, will have to encourage energy companies to embrace higher levels of AI usage

BMW to reduce carbon emissions in car life cycle by 40% before 2030

BMW has been reluctant to set a hard deadline for phasing out fossil-fuel cars

BHP Group bets on lower-carbon world with petroleum exit; shares up 9.8%

The company also approved $5.7 billion of spending to build a massive new fertiliser mine in Canada

Big Oil shows confidence that the era of large profits is back

BP Plc and Equinor ASA have already made incremental dividend increases and announced more modest buyback plans

Adani group boosting coal assets despite carbon neutral pledge: Report

Environmental nonprofit says company is making a significant negative contribution to global warming

Few takers for India's coal mines with production apparently having peaked

Coal consumption to become even more import driven as domestic production plateaus

Shell to accelerate emissions cuts after Dutch court ruling, says CEO

The oil and gas giant still expects to appeal the verdict and believes it has been unjustly singled out, Chief Executive Ben van Beurden said in a statement posted on LinkedIn.

Fossil fuels will be a bad word in decades to come: Oil Minister Pradhan

He asked oil and gas firms to take a lead in clean fuel initiatives, urging them to focus more on using farm waste to energy projects

CoalMin targets projects worth Rs 41K-crore for asset monetisation

These projects include coal washeries, coal gasification, first-mile connectivity for building coal silos/mechanised loading, offering mines to private firms under mine developer and operator model

Joe Biden's fossil fuel moves clash with pledges on climate change

The clash between Mr. Biden's pledges and some of his recent decisions illustrates the political, technical and legal difficulties of disentangling the country from the oil, gas and coal

Hyundai to slash its combustion engine line-up, invest in EVs: Sources

The move is expected to result in a 50% reduction in models powered by fossil fuels

India unlikely to accept IEA's call to stop new fossil fuel investments

"We do not think the report by IEA has been vetted by the member countries as a position document", said a senior source in the government

Asia snubs IEA's call to stop new fossil fuel investments for the world

Energy companies in Australia, the biggest carbon emitter per capita among the world's richest nations, and officials in Japan and the Philippines said there were many ways to get to net-zero

Stop developing new oil, gas, coalfields to avert climate crisis, says IEA

Within three decades, the role of fossil fuels should reverse entirely -- from 80% of global energy needs today to barely a fifth by mid-century.

Activists dump fake coal outside Lloyd's of London in fossil fuel protest

Lloyd's is the world's leading insurance and reinsurance marketplace

It takes two to tango

A successful US-India climate partnership marked by techno-financial assistance to pursue carbon neutrality can set a template for the rest of the world

European officials urge World Bank to exclude fossil-fuel investments

Senior officials from Europe have urged the World Bank to expand its climate change strategy to exclude investments in oil- and coal-related projects, and phase out investment in natural gas projects

European officials urge World Bank to bar fossil-fuel investments: Report

WASHINGTON (Reuters) - Senior officials from Europe have urged the World Bank's management to expand its climate change strategy to exclude investments in oil- and coal-related projects around the world, and gradually phase out investment in natural gas projects, according to three sources familiar with the matter.

Fossil fuel pollution kills millions more than scientists previously knew

In the US, the researchers found that 350,000 premature deaths per year are attributable to fine-particulate pollution generated by fossil-fuel combustion

HSBC set to face shareholder heat on fossil fuels in annual general meeting

Major HSBC shareholders are calling on Europe's biggest bank to toughen its commitment to cut lending linked to fossil fuels and to turn its climate "ambitions" into targets