"In a worst-case scenario, people will keep investing in fossil fuels until suddenly the demand they expected does not materialise and they realise that what they own is worthless. Then we could see a financial crisis on the scale of 2008,"
United Nations: UN Secretary-General Antonio Guterres asked the banking industry to invest in climate action and to disinvest from fossil fuels and pollution in general. He made the appeal as he was launching the UN Principles for Responsible Banking on Sunday, Xinhua news agency reported. “Climate action has multiple benefits, including job creation, reduced air […]
New Delhi: The G-20 governments have more than doubled the financial support they provide to coal power plants in just three years, despite pledging a decade ago to phase out subsidies to all fossil fuels, an independent study said on Wednesday. India’s public banks invest Rs 79,800 crore per year in the coal sector, said […]
Toronto: Migration from polluting vehicles that burn fossil fuels to electric vehicles, ideally using electricity generated sustainably could significantly reduce the incidence of cardiopulmonary illness due to air pollution, says a study. This could lead not only to less employee absence from work through illness but also lead to broad improvements in the quality and […]
Washington: US President Donald Trump on Tuesday signed an executive order rolling back Obama-era rules aimed at tackling global warming. The order seeks to suspend, rescind or flag for review more than a half-dozen measures in an effort to boost domestic energy production in the form of fossil fuels. As part of the roll-back, Trump […]