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The Latest Breaking News from Carbon Tracker

Countries are turning to ‘structurally more resilient’ energy sources as oil and gas crisis deepens, UN renewables chief says

From Asia to Europe, people are rushing to electrify wherever they can.

Fortune

Climate crisis could cause global financial crash as economic models fail to capture risk

Researchers say governments and financial institutions underestimating threat because they rely on models that assume climate crisis impacts will be gradual

The Independent UK

High costs, falling returns: what could go wrong for Trump’s Venezuela oil gamble?

US faces big challenges in trying to unlock ‘tremendous wealth’ from Venezuela’s long-neglected oil industry

The Guardian - UK

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Who benefits from ‘nation-building’ projects like Ksi Lisims?

When the Canadian government added the proposed Ksi Lisims LNG terminal on Nisg̱a’a territory in northwest British Columbia to its new list of fast-tracked “nation-building” projects this fall, it resurrected an idea many British Columbians thought had quietly faded away: that liquefied natural gas (LNG) exports are central to the…

The Conversation

There’s a Reason Oil Well Sales Are Collapsing In California: Cleanup Costs

Faced with putting up hefty bonds to clean up their mess, operators are instead taking a pass on selling off dying wells.

Capital & Main

Labour’s carbon-capture scheme will be Starmer’s white elephant: a terrible mistake costing billions

The supposedly green project – brainchild of the previous Tory government – will increase emissions, not reduce them, says Guardian columnist George Monbiot

The Guardian - UK

Colorado oil and gas wells can’t fund their own cleanup. Taxpayers may foot the bill

A Carbon Tracker report shows the cost to safely shut down low-producing wells is $3bn more than what they earn

The Guardian - US

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Texas Has ‘the Most Aggressive’ Well-Plugging Program in the U.S. So Why Is Its To-Do List So Long?

No state has punched more holes in its bedrock than the Lone Star State. The environmental risks are staggering, and so are the clean up costs

Capital & Main

No Oil And Gas Majors Aligned With Climate Targets: Report

All major oil and gas companies plan fossil fuel expansion incompatible with limiting warming to 1.5 degrees Celsius, a new report said Wednesday.

International Business Times

California allowing dangerous oil wells

An idle well fee program is masking vast cleanup costs while harming residents and the climate

Salon

California Lets Companies Keep ‘Dangerous’ Oil Wells Unplugged Forever

An idle well fee program is masking vast cleanup costs while harming residents and the climate.

Capital & Main

Increasing demand for oil and fuel threatens African nations’ economies, analysis finds

Carbon Tracker thinktank says investors in fossil fuels on the continent would be left with stranded assets

The Guardian - UK

As SEC works to finalize climate rule, both sides make their case

WASHINGTON — Supporters and opponents of climate-related financial risk disclosure made a last push to influence the Securities and Exchange Commission as the agency works on finalizing its controversial rule, a process that could take months.

Tribune News Service

As SEC works to finalize climate rule, both sides make their case - Roll Call

Advocates and opponents of corporate disclosure of climate data made their cases as the SEC now turns to finalizing a rule.

Roll Call

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Al Jazeera

World’s first public database on fossil fuels launched

Developers hope the Global Registry of Fossil Fuels will empower activists and investors to hold governments to account.

The Independent UK

First public global database of fossil fuels launches

On Monday, the world’s first public database of fossil fuel production, reserves and emissions launches

The Guardian - UK

Revealed: oil sector’s ‘staggering’ $3bn-a-day profits for last 50 years

Vast sums provide power to ‘buy every politician’ and delay action on climate crisis, says expert

AAP

Investor caution urged for carbon-rich ASX

The Australian Stock Exchange has the second-lowest alignment to the Paris climate pact with most future spending by companies missing the global warming mark.

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The Guardian - UK

Revealed: the ‘carbon bombs’ set to trigger catastrophic climate breakdown

Exclusive: Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns

The Guardian - UK

Rocketing demand for fossil fuels could deal blow to climate goals, report says

Soaring oil and gas prices may tempt investors to plough more funds into long-term projects, warns thinktank

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