Report names Australia’s ‘big four’ banks as heaviest lenders to coal and gas expansion in Barrier Reef area, sparks calls for customer boycott.
Tag: "fossil fuels"
HSBC says the world is rapidly depleting its carbon budget, approaching ‘Peak Planet’ and must achieve a peak in emissions by 2020, leaving much of its fossil fuels in the ground. Impossible? HSBC says not, and is encouraged by growing public awareness, favourable economic drivers and falling technology costs for renewables.
Doctors’ group says governments’ persistent refusal to apply ‘full cost accounting’ to energy choices poses risk to human health – and the economy.
The IEA last year said if the world wanted to meet climate targets, it would have to leave two thirds of its fossil fuels in the ground. So what does unburnable carbon mean for oil and gas giants? HSBC crunches the numbers and says up to 60 per cent of the value of fossil fuel companies could be at risk.
The anti-science operatives who defended cigarettes are now deploying their playbook to downplay the fossil fuel industry’s role in driving climate change.