fossil fuel investment
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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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Coal
The Impact of Fossil Fuels on the Environment
One thing that will remain true about human nature is the quest for development; and in this quest, as is seen through the ages, man will utilize as much as possible, all resources, natural and non-natural, physical and abstract, lasting and ephemeral. One particular set of resources in light of this is fossil fuels; particularly useful in the production 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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Coal
European Climate Bank Pulls Funds From Fossil Fuels
Since the start of a massive divestment movement several years ago, billions of dollars have been pulled out from fossil fuel funding. From non-profits to churches and universities, the list of organizations that have turned away from the industry continues to grow. This week, it was announced that the European Investment Bank (EIB) plans to stop investing its capital into…
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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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