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fossil fuels
IRENA: Renewables saved $480B in fossil fuel costs in 2025
The International Renewable Energy Agency released its annual cost analysis on Wednesday, finding that renewable energy projects helped avoid an estimated $480 billion in fossil fuel costs and approximately 8.4 gigatonnes of carbon dioxide emissions in 2025, as the price…
Paris court orders TotalEnergies to account for consumer emissions
A Paris court ruled on Thursday that TotalEnergies must account for the greenhouse gas emissions linked to its consumers' use of oil and gas products, giving the French energy major six months to revise its legally required risk assessment plan.
WEF warns energy transition is fragmenting despite record $3.3T in investment
The energy price shock triggered by the US-Iran conflict and the near-total closure of the Strait of Hormuz is reshaping energy decisions from British rooftops to international climate negotiations, with consumers, governments, and investors all moving more aggressively toward renewables…
Iran war funneled $374B to fossil fuel industry, 350.org says
The U.S.-Iran war has delivered a windfall to oil and gas companies even as consumers worldwide struggle with elevated energy costs, according to new analysis from the environmental advocacy group 350.org released on Thursday. The report estimates that $374 billion…
OPEC raises long-term oil demand forecast, sees no peak by 2050
OPEC on Thursday released its 2026 World Oil Outlook projecting global oil demand will reach 124 million barrels per day by 2050, an increase from the 122.9 million bpd it forecast a year earlier, while reiterating that no peak in…
France unveils roadmap to end all fossil fuel use by 2050
France on Tuesday presented what it called a "first of its kind" national roadmap to phase out coal by 2030, oil by 2045, and natural gas by 2050, laying out a comprehensive timeline for weaning Europe's second-largest economy off fossil…
Greenpeace activists install Anish Kapoor artwork on Shell rig
Environmental activists from Greenpeace scaled a Shell gas platform in the North Sea on Wednesday to install a massive artwork by renowned British-Indian artist Anish Kapoor, creating what is believed to be the first fine artwork displayed on an active…