Fossil fuels

UK Hosts Global Energy Summit as Renewables Face Growing Criticism

An international summit on the future of energy security opens in London on Thursday, amidst major disagreements over the role of renewables in satisfying the world's thirst for energy. The two-day International Energy Agency (IEA) meeting takes place amid global economic turmoil sparked by wars in Ukraine and the Middle East. It also comes at a ...

Bank Credit Agricole Halts Financing for Fossil Fuel Projects

The French bank Credit Agricole declared on Thursday its decision to halt financing new fossil fuel extraction projects, a day after delegates reached an agreement on the COP28 climate deal. Credit Agricole, one of France's biggest banks, announced Thursday it would no longer finance any new fossil fuel extraction projects, a day after delegates ...

Countries Commit at COP28 to a Fossil-Free Future

Countries from around the world unanimously approved a historic decision on fossil fuels at COP28 in Dubai on Wednesday. This marks the first time in the history of UN climate conferences that such a decision has been made, calling for a “transition” towards abandoning fossil fuels. “Nearly 200 nations, meeting in Dubai on Wednesday, ...

Western Powers, Environmentalists Criticize COP28 Summit

On Monday, the Emirati leader of the COP28 climate talks, president Sultan Al Jaber, refrained from advocating for the complete phase-out of fossil fuels in an initial attempt to achieve consensus. This approach immediately faced criticism from Western powers and environmentalists, who had anticipated a historic turning point in the ...