Oil and gas company BP’s Energy Outlook: 2024 Edition has predicted that peak global oil demand will occur next year, putting a stop to increasing carbon emissions as solar and wind continue to expand. The report focused on two main forecast scenarios — Current Trajectory and Net Zero — and predicted that oil consumption will […]
The United States Department of Transportation (USDOT) has tightened fuel mileage standards for vehicles in an effort to transform the country’s auto market into one dominated by more climate-friendly electric vehicles. The new standards set by the National Highway Traffic Safety Administration (NHTSA) will lower fuel costs by more than $23 billion while reducing pollution, […]
According to the new World Energy Investment 2024 report from the International Energy Agency (IEA), despite financing pressures, global clean energy investment will be nearly twice that of fossil fuels this year. The surge in funding will be aided by lower cost renewable energy technologies and improving supply chains, a press release from the IEA […]
A new Data for Progress poll shared with The Guardian finds that most voters support litigation against big oil, while nearly half would also back the filing of criminal charges. On May 3 and 4 of this year, Data for Progress and nonprofit consumer advocacy organization Public Citizen surveyed 1,206 likely voters in the United […]
Xylem, a water technology company, has developed a Bavarian-style beer made in Germany. This isn’t an ordinary brew — this eco-friendly beer is brewed using wastewater. The “Reuse Brew” is designed to showcase the latest in water recycling tech, according to the company, and is a collaboration among Xylem, the chair of Brewery and Beverage […]
A new report on the macroeconomic effects of climate change has estimated that these damages are as much as six times larger than previous estimates. According to the report, each 1 degree Celsius increase in global temperature can be linked to a 12% decline in global gross domestic product (GDP). The report, “The Macroeconomic Impact […]
The Ford Motor Company said on Monday that it supports the United States Environmental Protection Agency’s (EPA’s) new regulations to reduce passenger vehicle tailpipe emissions by 49 percent over 2026 levels by 2032, reported Reuters. Ford is the second-largest automobile manufacturer in the country. “Complying with emissions regulations requires lengthy advance planning, and Ford has […]
The Biden administration plans to set new tariffs on electric vehicle (EV) imports from China of up to 100 percent, along with import taxes on other products. The tariffs follow a review of former President Donald Trump’s more than $300 billion in import taxes imposed on China in 2018, reported The New York Times. It […]
According to the new Banking on Climate Chaos Fossil Fuel Finance Report 2024, the largest banks in the world have given $6.9 trillion in fossil fuel funding to the industry since the 2016 Paris Agreement. The goal of the Paris Agreement — signed by 196 countries — is to limit human-caused global heating to 1.5 […]
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