Tag Archives: fossil fuels

LibLink … Ed Davey: Britain must signal the beginning of the end for coal investment

Ed Davey Social Liberal Forum conference Jul 19 2014 Photo by Paul WalterEd Davey writes in the Guardian:

For over 200 years, modern civilisation has been built on fossil fuels; now climate science says we must phase out fossil fuel pollution in just a few decades. That’s a colossal challenge – especially if we are to keep anything resembling current lifestyles while also ending the poverty that blights the lives of more than 1 billion fellow human beings.

We are already seeing a significant shift in thinking. The Rockefeller Foundation is divesting from coal and tar sands. Oxford University is considering similar action. And the Bank of England is analysing the impact on financial systems of fossil fuel investments becoming “stranded assets” – in other words worthless – if the world gets its act together on climate change.

Posted in News | Also tagged and | 35 Comments

Opinion: Insulation not fossil fuel subsidies

Earlier this week parliament overwhelmingly rejected an amendment to the Infrastructure Bill calling for a moratorium on fracking.

The challenge that the UK faces is that we are particularly dependent on natural gas. The vast majority of us have gas boilers and heating makes up much of the gas used in the UK. Weaning ourselves off gas boilers isn’t easy. There are renewable alternatives such as heat pumps but these only work in very well insulated homes. And there’s the rub. Around 70% of homes in the UK are still not well insulated, and a good portion of those have solid walls which are difficult and expensive to insulate.

Posted in Op-eds | Also tagged , and | 46 Comments

Davey: We need to look at rules on transparency of fossil fuel investments

The Financial Times reports:

Britain’s energy secretary has called for tougher rules to be applied to companies holding “risky” fossil fuel assets that could plunge in value because of global action to tackle climate change.
Ed Davey’s move makes him one of the first senior politicians to weigh into a growing debate on the future of oil, gas and coal companies as governments work on sealing a global climate deal in Paris next year.

“We’re seeing a move from a carbon economy to a climate economy,” Mr Davey told reporters on the sidelines of UN talks in Lima shaping the Paris agreement.

Posted in News | Also tagged | 10 Comments

Opinion: How the market will decide our energy future

Recently articles from both the TUC and CBI have bemoaned the burden of increasing energy costs on energy intensive businesses. Both organisations make the rather obvious error in thinking that a carbon price will inevitably drive the cost of energy upwards. In fact, the opposite is true. The stronger the price signal, the faster the market works to balance supply with demand.

The supply of fossil fuels is finite. Conventional oil has already peaked its supply (as admitted by the chief economist of the IEA) and tar sands and fracking are far too damaging to the environment to continue as …

Posted in Op-eds | Also tagged , and | 25 Comments
Advert



Recent Comments

  • Peter Hirst
    The least this government can do is grant all those living in the UK full political rights as soon as possible. If self government means anything it must imply ...
  • Peter Hirst
    One result of the 2019 GE was that the government is no longer reliant on the DUP for governing. I suspect we are heading for a long term special relationship f...
  • Barry Lofty
    David Raw: Exactly!...
  • Glenn
    I always thought she should be allowed back in because she is a British Subject. But all the talks of rights in a country where the political class will not eve...
  • David Raw
    It's not a matter of being a member of the Labour Party, the Liberal Democrat Party, the SNP, the Green Party or even the Tory Party. It's a matter of common de...
Thu 11th Mar 2021