Cuba's oil industry only exploits five percent of the petroleum found in onshore and offshore deposits due to a lack of foreign capital and technology to develop oilfields like Varadero 1000, the country's biggest oil operation until now.
The emergence of fracking has modified the global market for fossil fuels. But the plunge in oil prices has diluted the effect, in a struggle that experts in the United States believe conventional producers could win in the next decade.
Millions in the New York City area are excited about Pope Francis’ visit on Sep. 25 to address the U.N. General Assembly as worldwide consensus grows on the need to shift global investments from fossil fuels to clean, efficient, renewable energy in the UN’s Sustainable Development Goals (SDGs) scheduled to replace the expiring Millennium Development Goals (MDGs).
Renewable energy is now being seen by many people around the world as a cost-effective development solution both for developed and developing nations. Countries have slowly been realising that the use of coal and the huge amount of carbon emissions it generates harms the environment and impacts our daily activities.
This week, U.S. President Barack Obama formally unveiled the details of his Clean Power Plan (CPP), a comprehensive carbon-cutting strategy he described as “the biggest and most important step…ever taken to combat climate change” in a prior video address posted on Facebook.
For decades, executives and decision makers at major U.S. and European fossil fuel companies were aware that carbon dioxide (CO2) emissions caused global warming, but still provided millions in funding to boost disinformation campaigns and sponsor scientists who denied climate change.
My country, the Philippines, is one of the most vulnerable to the impacts of climate change. Even though we are among those countries that hardly contributed emissions and benefited least from burning fossil fuels, we find ourselves at the frontline of the climate crisis.
The United Nations, which is tasked with the protection of the global environment, has asserted that climate change affects people everywhere - with no exceptions.
As heads of state and government of the G7 states prepare for their Jun. 7-8 summit in Germany, Oxfam has released a new report titled Let Them Eat Coal
which they may find hard to digest.
I remember pretending not to be so excited. There was this nervous energy that kicked up my heels as I prowled through the U.N. negotiations that afternoon. You could feel it all around. Circling our meeting point like sharks quietly rounding our prey. If you knew what to look for, you would know exactly what was about to happen.
When it comes to climate change, business as usual is simply “not an option”.
The University of Edinburgh has taken the decision to not divest from fossil fuels, bowing to the short-term economic interests of departments funded by the fossil fuel industry, with little to no acknowledgement of the long-term repercussions of these investments.
In November last year, India’s power minister Piyush Goyal announced that he plans to double coal production
in India by the end of this decade and, in an effort to enhance production, the Indian government has started a process of auctioning coal blocks.
We have entered a watershed year, a moment critical for humanity.