Banks shying away from fossil fuels bolster private credit deals
Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into a void left by banks exiting assets they worry pose too big a climate risk.
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Visit: 62
Renewables growth did not dent fossil fuel dominance in 2022
Mining News Pro - Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry’s Statistical Review of World Energy report said on Monday.
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Visit: 161
Crypto mining can retire fossil fuels for good
Mining News Pro - Cryptocurrency mining using proof of work calculations is very energy-intensive, but it isn't the only option.
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Visit: 337
EU’s Green Deal demands switch from fossil fuels to domestic metal production
Mining News Pro - In a recently published whitepaper, researchers from the Leiden-Delft-Erasmus Universities analyze the geopolitical context within which the European Union’s Green Deal is being advanced and conclude that the focus of the block’s energy transition should be on a switch from fossil fuels to metals.
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Visit: 636
Russia is about to power Bitcoin mines with fossil fuel
Mining News Pro - One of the world's largest producers of carbon emissions, the Russian gas giant Gazprom aims to reduce its carbon footprint by providing its flare gas for Bitcoin mining.
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Visit: 437
Gulf widens between fossil fuels, transition to renewable energy
Mining News Pro - Even before Russia invaded Ukraine, shocking oil and natural gas markets, an energy crisis had already been brewing in Europe – a crisis that was somewhat self-induced.
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Visit: 547
Now climate activists want BHP to keep hold of its fossil fuels
Mining News Pro - BHP Group, the world’s top miner, should abandon plans for multi-billion dollar sales of fossil fuels assets and instead responsibly close down the operations, according to an environmental campaign group.
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Visit: 627
BHP shareholders to vote on fossil fuel production detail at AGM
Mining News Pro - BHP said on Wednesday it would allow a vote at its next shareholder meeting on whether the world’s biggest listed miner should disclose details such as capital allocation and life of its fossil fuel assets.
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Visit: 435
How fossil fuels can help decarbonize the economy
Researchers at Rice University’s Carbon Hub are proposing the idea of actually using hydrocarbons to slash carbon dioxide emissions.
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Visit: 742
In the cost war, renewables are winning battles against fossil fuels
Mining News Pro - A new report by the International Renewable Energy Agency states that in the past 10 years, clean energy has not only started seriously competing with fossil fuels but has significantly undercut them when new electricity generation capacity is required.
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Visit: 665
Investors with $41 trillion urge G7 to end support for fossil fuels
Mining News Pro - A group of 457 investors, which oversees more than $41 trillion in assets combined, and a coalition of group of 79 company CEOs are calling on the G7 — Canada, France, Germany, Italy, Japan, the UK and US — to work harder on reducing greenhouse emissions and cut funding for fossil fuels.
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Visit: 495
World needs Congo copper to kick fossil fuels, Friedland says
Mining News Pro - An African nation emerging from decades of conflict and corruption holds the key to greening the global economy.
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Visit: 427
Nedbank makes pioneering ‘zero fossil
South Africa’s Nedbank Group released an ambitious new energy policy on April 22, containing a commitment to reduce its exposure to all fossil fuels to zero by 2045, as well as a pledge to halt all new thermal coal-mine financing by January 1, 2025.
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Visit: 568
New fuel from plastic waste aims to replace fossil fuels in the marine industry
Mining News Pro - London-based Clean Planet Energy announced the creation of two new ultra-clean fuels manufactured to replace fossil fuels in the marine industry.
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Visit: 795
Swedish JV will open first fossil-free steelmaking plant in 2026
Mining News Pro - A Swedish joint venture that aims to remove fossil fuels from steelmaking is planning on establishing its first demonstration plant in 2026.
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Visit: 757
Greenpeace condemns exploitation of yet another fossil fuel in South Africa
Mining News Pro - Commenting on the arrival of Total’s oil and gas drill rig DeepSea Stavanger in Cape Town on August 12, environmental organisation Greenpeace Africa says the Department of Mineral Resources and Energy “needs to get its story straight”.
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Visit: 720
Covid-19 may have accelerated peak fossil fuel demand ‘by more than a decade’
Mining News Pro - If the world economy fails to recover rapidly from the Covid-19 crisis and if efforts to curb emissions are moderately accelerated, it is possible that global fossil-fuel demand peaked in 2019, a new Boston Consulting Group (BCG) analysis shows.
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Visit: 665
Fossilized fish linked to rare earths deposits
Mining News Pro - Scientists at the University of Tokyo discovered that a large deposit of rare earths near the Japanese island of Minamitorishima is linked to the existence of fossilized fish.
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Visit: 557
European Investment Bank explains divestment from unabated fossil fuels
Mining News Pro - Prior to a major press conference to be held next week at the COP25 Climate Change Conference in Madrid, the European Investment Bank issued a press release stating that it has stopped financing unabated fossil fuels to do its part to limit the damage caused by climate change.
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Visit: 1102
Miners try to move away from fossil fuels
Mining News Pro - A research report by Wood Mackenzie asserts that electrification and automation will be a key priority for global mining companies as they try to move away from fossil fuels.
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Visit: 1181