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The Latest Breaking News from IISD

UK joins coalition to phase out fossil fuel subsidies

The UK has joined a cross-country group as UN climate negotiations continue in Azerbaijan.

Evening Standard

Revealed: wealthy western countries lead in global oil and gas expansion

The US and the UK among countries with low dependence on fossil fuels criticized for ‘hypocrisy’ on climate pledges

The Guardian - US

G20 nations spent record money on fossil fuel subsidies in 2022: report

Despite promises made at the Cop26 climate summit in Glasgow to reduce fossil fuel subsidies, a report has shown that G20 nations poured a record €1.3 trillion into the fossil fuel industry in 2022.

Radio France Internationale

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G20 poured more than $1tn into fossil fuel subsidies despite Cop26 pledges – report

Public money still flowing into industry despite agreement to phase out ‘inefficient’ subsidies, thinktank says

The Guardian - UK

Exxon’s Potential Pioneer Deal: Short-Term Gains for Long-Term Pain

Exxon Mobil is hunting for more Permian Basin assets. That’s why informal talks with Pioneer Natural Resources are happening. The move might seem like a natural for XOM, but it could turn out to be one acquisition too many. Here’s why.

Barchart

New oil and gas not consistent with 1.5C

New oil and gas fields are not consistent with 1.5C of warming but the Government has just approved one and opened up applications for more.

Newsroom.co.nz

Crucial high seas treaty stuck over sharing of genetic resources

Delegates deplore ‘insensitivity and privilege’ of developed nations as negotiators disagree over who should benefit from marine discoveries

The Guardian - UK

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Transition from fossil fuels to renewable energy can pose fiscal challenges for India: study

Major developing countries are highly dependent on revenues from fossil fuel, it says

The Hindu

Seabed regulator accused of deciding deep sea’s future ‘behind closed doors’

The ISA, obliged to frame industry rules by 2023, drops reporting service and is accused of lacking transparency in plans for mining

People

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