Finance News – Fossil Fuel
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British Gas owner buys £1.5bn gas terminal in big bet on fossil fuel reliance
The acquisition of a major UK liquefied natural gas facility for £1.5 billion highlights a strategic investment in import infrastructure despite recent declines in national gas con...
Read Full Article →Trump EPA seeks to repeal finding that carbon dioxide emissions threaten public health
The agency’s move to reverse the classification of carbon dioxide as a health risk could influence regulatory policies, potentially affecting investment strategies and market dynam...
Read Full Article →Trump’s EU oil and gas deal is ‘pie in the sky’, energy experts warn
While some analysts remain skeptical about the proposed energy agreement's feasibility, industry leaders view it as a potential boost for fossil fuel export markets and related fin...
Read Full Article →Caught between a fossil fuel past and a green future, China’s coal miners chart an uncertain path
China’s transition from coal to renewable energy presents financial challenges for mining communities, as workers and families face economic uncertainty amid shifting investments a...
Read Full Article →Elizabeth Warren presses oil companies on tax break lobbying for Senate bill
Senator Elizabeth Warren is seeking clarification from energy firms regarding a potential legislative provision that might eliminate their federal income tax obligations, impacting...
Read Full Article →Reeves promised oil industry ‘quid pro quo’ over windfall tax in private meeting
The chancellor indicated in a private discussion that increased taxation on energy firms would be balanced by government support through carbon capture and storage incentives.
Read Full Article →Trump promised riches from ‘liquid gold’ in the US. Now fossil fuel donors are benefiting
Significant financial gains are expected for major fossil fuel contributors like Kelcy Warren and his energy company as their support aligns with anticipated favorable policies und...
Read Full Article →World’s largest banks pledged $869bn to fossil fuel firms in 2024, new report finds
In 2024, leading global financial institutions substantially raised their monetary support to companies in the coal, oil, and gas sectors, increasing total investments by over $160...
Read Full Article →Fossil fuel spending to fall for first time since pandemic
Global investments in energy resources are expected to decrease, particularly within the oil industry, as reduced market prices prompt businesses to adjust their financial strategi...
Read Full Article →US woman brings first-ever wrongful death lawsuit against big oil
This landmark legal case could influence future liability risks for energy corporations, potentially impacting their financial stability and increasing costs related to climate cha...
Read Full Article →UK banks put £75bn into firms building climate-wrecking ‘carbon bombs’, study finds
A recent study reveals that nine major banks in the City of London have invested over £75 billion in companies developing large fossil fuel projects that threaten global climate ta...
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