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Dutch pension fund divests, Fidelity promises to cut fossil portfolio

Pensions & Investments: Stichting Pensioenfonds ABP, Heerlen, Netherlands, pledged to stop investing in stocks of fossil-fuel companies effective immediately and divest €15 billion ($17.4 billion) of its assets by the first quarter of 2023, a spokeswoman confirmed Tuesday. The €523 billion pension fund said in a news release Tuesday it doesn’t anticipate a negative impact […]

October 26, 2021 Read More →

Sunseap plans Indonesia solar project to send energy to Singapore

PV Tech: A consortium led by Sunseap Group has signed a memorandum of understanding to develop 7GWp of PV projects at an Indonesian archipelago that will transmit energy to Singapore via a proposed subsea cable. Coupled with multiple energy storage systems totalling more than 12GWhr, the development will be one of the largest cross-border interconnected […]

October 26, 2021 Read More →

Burundi completes construction of nation’s first large-scale solar farm

PV Magazine: Burundi-based renewable energy company Gigawatt Global Coöperatief U.A. has announced the completion of the country’s first large-scale PV plant – a 7.5 MW installation under development since 2015 and for which construction works were announced in 2017. The project was financed by South Africa-based equity investor Inspired Evolution, the U.K. government-funded Renewable Energy […]

October 26, 2021 Read More →

Morrison announces net zero goal by 2050 but no legislation pushed

Reuters: Australia will target net zero carbon emissions by 2050, Prime Minister Scott Morrison said on Tuesday, but it will not legislate the goal and instead rely on consumers and companies driving emission reductions. The adoption of the target will ease international criticisim of Australia which had earlier refused to join countries such as Britain […]

October 26, 2021 Read More →
IEEFA U.S.: Cleanup efforts at closed Kayenta Mine require increased scrutiny

IEEFA U.S.: Cleanup efforts at closed Kayenta Mine require increased scrutiny

Dzil Yijiin Regional Council requests full permit review as Kayenta Mine cleanup shows lack of progress

A Navajo Nation regional council is asking the U.S. Department of the Interior to complete a significant permit review at the Kayenta Mine on its northern Arizona lands. IEEFA believes such a review would be a significant step forward in efforts to clean up a mine that has been closed for more than two years. […]

October 25, 2021 Read More →

IEEFA Australia: Carbon capture and storage no answer for Santos Barossa gas project

Timor Sea LNG plan faces hurdles in emissions control, logistics and pure economics

Emissions, logistics and pure economics – combined or individually – pose strong arguments against the Santos Barossa gas project in the Timor Sea. Producer Santos, in proposing carbon capture and storage to reduce the project’s climate impact, has added an impractical Band-aid solution to a haemorrhaging issue. From offshore wells to initial processing on a […]

Despite opportunity for renewables, Puerto Rico focuses on natural gas

Inside Climate News: Eddie Ramirez has never understood why his government doesn’t more aggressively pursue renewable energy. When Hurricane Maria swept across Puerto Rico in September 2017, shredding the energy grid and knocking out power for nearly all the island’s 3.4 million residents for months on end, Casa Sol—Ramirez’s five-bedroom bed and breakfast—was one of […]

October 25, 2021 Read More →

China pledges 80% fossil fuel reduction use by 2060

The Guardian: China is targeting a clean energy goal of reducing fossil fuel use to below 20% by 2060, according to an official plan published by state media. The cabinet document, released on Sunday, follows a pledge by President Xi Jinping to wean the world’s biggest polluter off coal, with a target of peaking carbon […]

October 25, 2021 Read More →

Saudi Arabia commits to internal net zero by 2060

Bloomberg ($): Saudi Arabia has pledged to eliminate planet-warming emissions within its borders by 2060. It marks a seismic shift for the world’s biggest oil exporter, though officials included plenty of caveats and emphasized that Saudi Arabia and others would need to pump crude for decades to come.  Crown Prince Mohammed bin Salman, the de […]

October 25, 2021 Read More →

Plastics emissions to surpass coal-powered plants by end of decade

The Guardian: The plastics industry in the United States is on track to release more greenhouse gas emissions (GHG) than coal-powered electricity generating plants by the end of the decade, according to a new report released on Thursday. The report, by Bennington College’s Beyond Plastics project, found that the American plastics industry is releasing at […]

October 25, 2021 Read More →