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The Latest Breaking News from Urgewald

How the EU is still funding Putin’s war machine with imports of gas

As Ukrainian attacks on Russian oil and European sanctions batter Moscow’s economy, EU imports of Russian liquefied natural gas are still providing Russia with a boost

The Independent UK

EU accused of fuelling Putin’s war by importing Russian liquefied natural gas

Despite Brussels’ pledge to ban Russian LNG by 2027, shipments to European ports increased in the last year

The Guardian - UK

EU still pouring billions into Russian gas economy despite war in Ukraine, analysis shows

EU purchases from an oil project in Siberia netted billions in revenue for the Kremlin last year

The Independent UK

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On Louisiana’s Gulf Coast, Residents Fume as Insurers Hike Rates and Invest in Fossil Fuel Projects

Locals face a perfect storm — they can’t afford insurance and climate change threatens their livelihood.

Capital & Main

Cop29 host Azerbaijan set for major fossil gas expansion, report says

Exclusive: Those with ‘interest in keeping world hooked on fossil fuels’ should not oversee climate talks, say report authors

The Guardian - UK

World Bank spent billions of dollars backing fossil fuels in 2022, study finds

Campaigners estimate about $3.7bn in trade finance was supplied to oil and gas projects despite bank’s green pledges

The Guardian - UK

Revealed: UAE plans huge oil and gas expansion as it hosts UN climate summit

Exclusive: UAE’s fossil fuel boss will be the president of Cop28, making a mockery of the summit, say campaigners

The Guardian - UK

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Oil and gas firms planning ‘frightening’ fossil fuels growth, report finds

Analysis released at Cop27 climate summit shows plans would thwart chances of keeping global heating to 1.5C

The Guardian - UK

‘Reckless’ coal firms plan climate-busting expansion, study finds

Coal is the most polluting of all fossil fuels and investors must stop funding it, say campaigners

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

Major Banks Ignored Climate Crisis By Providing $1.5T To Global Coal Industry: Report

The global coal industry has been the recipient of trillions of dollars from commercial banks and investors between January 2019 and November 2021, according to a report published by the non-governmental organization Urgewald.

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