fossil fuel divestment movement
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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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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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Alternatives
Russia Goes Nuclear
In December 2019, Russia put its first floating nuclear power plant online. The boat-based facility, called Akademik Lomonosov, is in the North Pacific Ocean off the Chukotka tundra. It’s a relatively barren area, with roughly 50,000 residents within the whole state. The build replaces the outdated Bilibino nuclear power plant, which was built in 1974. It has two KLT-40S nuclear…
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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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Petroleum
Cutting Ties: These Are The Organizations That Divested From Fossil Fuels
Fossil fuels, including petroleum, coal, and gas, account for close to one hundred percent of daily energy use all around the world. Although we use these resources for almost everything we do, the harmful emissions they release into the air contribute substantially to global warming and climate change. For this reason, vast amounts of people have chosen to take a…
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Alternatives
Can Fossil Fuels Recover From Massive Divestment Movement?
There is no doubt that fossil fuels, including oil and gas, have provided the majority of the energy that we need every day, worldwide. Despite their widespread use, however, there has been a large amount of pushback against the industry stemming from environmental concerns. From these challenges, the Fossil Fuel Divestment Movement emerged. What Is The Fossil Fuel Divestment Movement?…
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