New fossil investment far exceeds Paris Climate goals: Carbon Tracker
13 Dec 2022
The world’s biggest fossil companies, many of them operating in Canada, approved new oil and gas projects in 2021 and early 2022 that will blow through a 1.5°C limit on average global warming, according to new analysis released late last week by the Carbon Tracker Initiative.
The results show that investors “cannot credibly own financial interests in companies that continue to invest in new conventional oil and gas projects” if they want their holdings to align with a 1.5°C climate future, the London, UK-based think tank concludes in its 43-page report, titled Paris Maligned.
... login or subscribe for full story
What does the Iran war mean for the energy transition and climate action?
Thu 12 Mar 2026
The US and Israel’s war on Iran has caused oil and gas prices to soar, with the world now preparing for the possibility of another energy crisis.
Living in the overshoot age
Thu 12 Mar 2026
Overshoot, the temporary crossing of climate targets before warming is reversed, has shifted from theoretical models to an urgent reality. Addressing this challenge requires effective strategies, global collaboration of different stakeholders and fair governance systems to manage the unprecedented risks.
Companies – including Blackrock – retired 2 million carbon credits after Verra suspended project
Thu 12 Mar 2026
Verra suspended the Pacajai REDD project in Brazil in September 2023, pending an investigation into the project’s validity. That didn’t stop Mastercard, BlackRock, Philip Morris International from retiring carbon credits from the project to offset their greenhouse gas emissions.
EU leaders to demand carbon market reform by July, draft shows
Thu 12 Mar 2026
European Union governments are set to ask the European Commission to propose reforms to the bloc's carbon market by July, draft conclusions for a summit of EU leaders next week showed.
If there was ever a moment for Australia’s shift to renewables and EVs, this is it
Thu 12 Mar 2026
Yes, Australia needs fuel. But the Middle East war also shows the necessity of setting ourselves up for the future.
As Russia bombs Ukraine’s power plants, Gulf Coast LNG companies win big
Wed 11 Mar 2026
Record LNG exports to Europe are pushing up prices for US consumers even more than forecast.
G7 energy ministers to discuss oil price stability
Wed 11 Mar 2026
Energy ministers of the Group of Seven countries will discuss on Tuesday the possibility of coordinated action to cushion the impact of the U.S.-Israeli war on Iran on oil prices, European Economic Commissioner Valdis Dombrovskis said.
Summit aims to revive stalled UN talks on phasing out fossil fuels
Wed 11 Mar 2026
Colombia and the Netherlands have set out three priorities for a conference on phasing out fossil fuels they will co-host in Colombia in April.
Kenya’s latest carbon credit crackdown reveals questionable practices
Wed 11 Mar 2026
Some players use sophisticated tactics to inflate the value of credits that may not represent genuine, permanent emissions reductions.
Bombing Iran’s oil infrastructure will have major environmental fallout, experts warn
Wed 11 Mar 2026
Monitors admit they are struggling to keep track of the environmental disasters arising from the widening war.
