Environmental activists have vowed to continue attempts to prevent an oil rig from reaching a North Sea field despite the structure leaving port overnight. Greenpeace campaigners occupied the rig in the Cromarty Firth, north of Inverness, between Sunday and Friday.
Scotsman 15th June 2019 read more »
BBC 15th June 2019 read more »
The world’s largest sovereign wealth fund is preparing to leave fossil fuels behind. Last week, Norway’s parliament confirmed by unanimous vote that its $1tn sovereign wealth fund would dump $13bn of fossil fuel investments – and start investing billions in renewables. The move is designed to protect Norway’s state-owned investment fund from the decline in fossil fuels that will be vital if full-blown climate catastrophe is to be averted. But fossil fuels are by no means in terminal decline, according to a recent review of the global energy industry. BP’s annual energy review revealed only days before the Norwegian vote that carbon emissions rose at the fastest rate in almost a decade last year. The figures revealed that the unexpected spike was caused by a growing appetite for energy that was being met by fossil fuels. And the biggest offender in climate terms is coal. Spencer Dale, BP’s chief economist, says the world’s surging demand for energy – it rose by 2.9% last year – has cemented the defiant growth of coal. Consumption had climbed for a second consecutive year following three years of decline. “The peak in global coal consumption, which many thought had occurred in 2013, now looks less certain,” Dale says. “Another couple of years of increases close to last year’s would take global consumption comfortably above 2013 levels.” Dale points to a worrying vicious climate cycle to explain part of the US boom. Research suggests that wider swings in temperature are nudging homes and businesses to turn up either heating systems or air conditioners more often. Last year, the number of particularly hot or cold days in the US was the highest for 50 years. And temperature swings in the first months of 2019 are proving to be just as wide of seasonal norms.
Observer 15th June 2019 read more »