Stranded Assets

Exclusive: Oil majors’ expansion plans pay little heed to net zero

A net-zero future will see the vast majority of the world’s energy produced from renewables such as solar and wind,…

Opinion: CEE countries must not spend EU money to finance natural gas in district heating

As the EU desperately tries to find ways to keep hundreds of millions of Europeans warm this winter without the…

Banks need higher capital requirements for $1.35trn fossil fuels exposure – Finance Watch

The world’s 60 largest banks have around $1.35trn of exposure to fossil fuel assets, which will imperil global economic stability…

Exclusive: African civil society speaks out against continent’s $400bn gas trap

Civil society groups have spoken out against plans to develop new gas infrastructure across Africa, as an investigation from Energy…

Exclusive: The $500bn Asia gas trap

Countries across Asia are investing in $500bn of new gas infrastructure, reveals an investigation by Energy Monitor. The figure is…

Stock exchanges own triple the carbon reserves burnable under Paris target

The world’s stock markets are investing in companies sitting on three times more carbon in coal, oil and gas fossil…

Opinion: REPowerEU cannot decide if it is a climate or fossil plan

The European Commission has unveiled its €300bn plan for kicking the EU’s addiction to Russian fossil fuels, issuing legislative proposals…

The enduring threat to the Arctic from Big Oil

In 2008, the US Geological Survey (USGS) announced that an estimated 13% of the world’s undiscovered oil and 30% of…

Why the LNG ‘gold rush’ could soon turn to dust

It was billed as a fuel for the energy transition. An incredibly dense, colourless fossil fuel that can be conveniently…

Weekly data: One million kilometres of new fossil pipelines poses stranded asset risk

At the start of February 2022, French oil major TotalEnergies green-lighted the East African Crude Oil Pipeline, the completion of…