Independent thinking for complex markets and current events
“Living fossil” is often misused, but chitons really haven’t changed much in about 300 million years. Acanthochitona feroxa joins the 940 known species of chiton that have barely changed over the last 300 million years. The name of this living armored shield is derived from the Latin ferox, which translates to “fierce” or “bristling” and …
BP (NYSE:BP) is making a hard pivot back to fossil fuels, ditching its ambitious renewable energy targets in a bid to regain investor confidence. At its investor day in London, CEO Murray Auchincloss is expected to scrap BP’s plan to boost renewable capacity 20-fold by 2030, shifting focus toward oil and gas. The company is …
How dumb is that governor? NEW YORK (Reuters) – New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday. The law is intended to shift some of the …
What are your thoughts on this? “Someday we’ll all learn oil isn’t made from dinosaur fossils. It is naturally produced from within the earth, like the blood within our bodies. It is a renewable resource which can never run out. The scarcity tactics is used by the elites to promote them as “fossil” fuel, because …
via oilprice: A new report from the Economist Intelligence Unit shows global energy consumption rising by 1.8% in 2024, hitting a new record high. Despite high prices and supply disruptions, the report shows crude oil and natural gas demand climbing in 2024. Demand for renewable energy is also expected to rise in 2024, climbing by …
via foxnews: The report — authored by the Department of Energy’s Energy Information Administration (EIA) and published in August — represents the first of its kind since 2018. The EIA analyzed data from 2016 through 2022, and determined that, during that time period, the federal government doled out $183.3 billion in direct and mainly indirect …
Governments are failing to cut greenhouse gas emissions fast enough to meet the goals of the Paris agreement and to stave off climate disaster, a major report by the UN has found. Meeting the goals will require “phasing out all unabated fossil fuels”, the report says, in an acknowledgment that some oil-producing countries may find …
ROME — Pope Francis has doubled down in his personal war on fossil fuels while condemning “extreme practices” such as fracking. It is time world leaders to “listen to science and institute a rapid and equitable transition to end the era of fossil fuel,” the pontiff urges in his message for the Feast of Creation, …
The left-leaning government has drawn crticism over its decision despite its commitment to various climate goals Norway announced an $18 billion investment in oil and natural gas projects just two days after Canadian Prime Minister Justin Trudeau met with the country’s prime minister and invited him to join Canada’s climate change initiative. A readout from …
