Shale gas GHG footprint worse than coal
Natural gas extracted using hydraulic fracturing could be more damaging for the environment than coal, according to new research from the US.The study, from Cornell University, reveals that shale gas, as it is known, releases at least 30% more methane into the atmosphere than conventionally-sourced gas and has a larger greenhouse gas (GHG)
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UK chancellor Rishi Sunak has today confirmed a temporary windfall tax on the profits of oil and gas firms to help with the cost-of-living crisis.
The climate targets of oil and gas majors rely heavily on emissions mitigation technologies (EMTs) that are expensive and unproven at scale, analysis by Carbon Tracker has uncovered.
Acoalition of NGOs and environmental groups have called on financial institutions to stop “propping up” the war in Ukraine by cutting ties with Russia’s fossil fuel industry. In a letter to CEOs, they call on insurers, banks and asset managers to end financing, investment, insurance coverage and other financial services to companies in the Russian industry, and divest from existing assets.