fossil fuel challenges
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Coal
Why Banks are Refusing to Fund Fossil Fuels
With global trends experiencing a paradigm shift and transitioning to cleaner sources of energy, there is also greater accountability to be given to those engaging directly or indirectly in fossil fuel activities and business. The focus is now on financial institutions, indirectly contributing to environmental degradation and climate change by funding, financing, or loaning companies with stakes in fossil fuel…
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Coal
How Fossil Fuels are Used to Generate Electricity
The world is constantly in need of electricity, as it drives human activities and keeps the world in motion. To cater to practically every need, every year we consume more than 24 PWh of electricity. That is 24,000,000,000,000,000 Wh/year (Longo, 2019). While 10.7 percent of this is comes from nuclear power, and 23.9 percent from renewable sources, fossil fuels are…
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Alternatives
Top Five Countries with the Most Fossil Fuel Resources
There has been a constant need for energy generation in order to enable adequate functioning of various aspects of human endeavor, and although there have been calls to explore cleaner alternatives as may be found in renewable sources of energy, one cannot underestimate the contributions of fossil fuels to global energy generation and consumption. Thus, despite the rapid growth of…
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Petroleum
Shale is shaking
This quarter has brought on even more speculation that the high production of shale, called the “shale boom,” is slowing down in the United States. NPR reported in late November that oil demand is dropping, alongside prices, “signs of a crisis that’s quietly roiling the industry” the media outlet stated. Since the beginning of 2019, oil production increased by one…
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Alternatives
Fossil Fuel Industry Challenges Caused By Climate Change
There has been a growing concern about changes in the environment stemming from emissions and pollution over the past several years, and the general public is beginning to disagree with the use of fossil fuels as a primary source of energy as a result. Society’s solicitude for climate change has, in turn, grown into much larger problems for the oil…
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