Fossil Fuel

Asia’s Banks Push the Region Towards Fossil Gas Future

After following the money trail behind the fossil gas expansion in Southeast Asia, a new report by CEED finds that thanks to the significant financial support, nations in the region are locking themselves into a fossil gas future.

Oil and Gas in Asia – Current State and What Lies Ahead for the Industry

The oil and gas industry outlook in Asia is set to rise, yet as clean energy demand rises, oil and gas look set to follow coal's demise.

The Reality of Oil and Gas Industry’s Net-Zero Commitments

There has been an increase in oil and gas firms committing to achieve net zero by 2050. However, with rising CO2 emissions, the current scenario demands immediate action. Experts stress the need to set an interim target with clear timelines.

The Post-oil Economy in the UAE and How It Is Preparing

The UAE is known for being in an oil-rich region and historically relying on oil exports as a significant part of its economy. This reliance on oil is now slowly changing in preparation for the post-oil world. Multiple government programmes and private sector investments are behind this transition.

Could the Rise of Vacuum Gas Oil (VGO) Signal the Fall of Oil?

Vacuum gas oil (VGO) is a mix of hydrocarbons produced during the extraction of crude oil. Over several years, the use of VGO has skyrocketed, a sign that the oil industry to fighting to squeeze every bit of efficiency out of their extraction processes.

The Curious Case of SMBC Group – Financing Climate Change Offenders

While SMBC Group has taken some positive steps in terms of its green commitments, it falls way behind global and even local competitors. Unless the financial institution makes a dramatic U-turn, it will bear the consequences of excessive stranded asset and reputational risks.

IEA Gives G7 a Pathway for Decarbonising Steel and Heavy Industry

Decarbonising steel and hard-to-abate sectors is crucial for global net-zero aspirations. While challenging, it is possible, and IEA's list of recommendations set the perfect foundation for G7 countries to start leading by example.

Hyundai Backtracks On RE100 Pledge With New Ulsan LNG Plant

After joining RE100 and committing to 100% renewable energy, Hyundai Motor Company released plans for a new LNG facility. This directly contradicts its RE100 pledge and raises serious accusations of greenwashing. The move is surprising for the second-largest company in South Korea and is seen by many as a poor publicity choice and a financial risk. The project is currently on hold but remains a possibility.

Green Taxonomy: A Tool for Greenwashing

Countries across the world are adopting green taxonomies. They define what is considered "green" energy, support local development of renewable energy and play an essential role in the energy transition. However, some green taxonomies include transition fuels, which many experts view as an avenue for greenwashing non-renewable energy development.

Twitter vs Facebook: A New Report Reveals Which Social Media Companies Take Climate Change Misinformation Seriously

Greenwashing is a serious concern for all types of sustainability movements. While climate change misinformation has historically been found in advertising and company publications, social media platforms are the new battleground. A new report by Greenpeace, Avaaz and Friends of the Earth highlights how each social media giant is currently handling greenwashing. The results show poor performance across the board.

How to Avoid Greenwashing: A Guide for Sustainable Businesses and Marketing Leaders

Today, the public uses a microscope to look for the significant gaps between a firm's words and actions. And if these gaps are found, the reputational damage is often hard to recover from, since markets have long memories. However, business leaders hold their future in their own hands.

Greenwashing Examples 2022: 10 Companies That Greenwash

Greenwashing is found in small and large companies alike, yet the impact is still the same. It erodes customer confidence in sustainability and allows negative environmental impacts. To better combat climate misinformation, it is important to look at, and understand, some of the most prominent cases.

Financial Greenwashing: What is it and How Does It Happen?

Financial greenwashing threatens to derail the global decarbonisation journey by abusing investors' trust and channelling funds into instruments and projects with suboptimal impact against climate change.

New Report Reveals Global Coal Power Capacity is Shrinking

The global coal power capacity is in a decline. While some Asian countries still plan for the construction of new coal capacity, most are starting to realise that fossil fuels are a dead end.

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