Latest stocktake of global divestment movement reveals 500 institutions representing $US3.4 trillion in assets now involved, including Australia’s City of Melbourne and 14 local councils.
Affordable renewable energy provides island and remote communities an alternative to the risks and drawbacks from relying solely on oil for energy.
Origin Energy says it won’t fight against new technologies such as rooftop solar and battery storage, but it remains committed to its major gas play – a multi-billion bet that has seen its share price plunge as the international oil price tanked.
In a new market report on renewable energy, the IEA notes that renewables will represent “the largest single source of electricity growth over the next 5 years.
Shell’s departure from the Arctic is another sign that the End of the Oil Age is in sight.
New analysis shows 50-fold growth in fossil fuel divestment, with an estimated $2.6trn in assets earmarked by 430 institutions and 2,040 individuals.
Rapid change is sweeping across the energy world: fuels are increasingly encroaching on each other’s territory and the silos of regional markets are breaking down.
Woodside’s failed A$11.6-billion acquisition of Oil Search Ltd is a sign of both desperation and wider trends in the oil and gas industry.
According to Shell, ALEC’s stance on climate change “is clearly inconsistent with our own.”
Ditching oil would hugely increase electricity demand. Here’s why that’s a good thing for the environment.