European Investment Bank to end funding for fossil fuel projects

Future financing will aim to accelerate clean energy innovation, energy efficiency and renewable energy technologies

National Galleries of Scotland ends links with BP over climate concerns

The decision means the BP Portrait Award 2019 exhibition opening on 7th December at the Scottish National Portrait Gallery will be the last staging of the annual event

Iran announces 53 billion barrel oil find

The find would boost the country’s existing reserves of 150 billion barrel by a third

EU finance ministers call to end fossil fuel investment

In a joint statement, finance experts from the EU have said divesting from oil, gas and coal projects would signal a significant shift in the region’s efforts to tackle emissions, pollution and climate change

Emissions
New Declaration calls for tackling global nitrogen challenge

The nitrogen compounds released when burning fossil fuels are responsible for as much as 50% of the ‘deadliest type of air pollution’

SUVs are ‘second-largest contributor to rise in global emissions since 2010’

The International Energy Agency says this puts the cars ahead of heavy industry such as steel, cement, aluminium, as well as trucks and aviation

‘We have no choice’ but to invest in fossil fuels, says Shell boss

Ben Van Beurden reportedly expressed concern that shareholders could stop supporting the company as a result of what he called the “demonisation” of oil and gas

Investors plan to triple fossil fuel divestment rates over the next decade

Investors surveyed by Octopus Group plan to move $920bn out of fossil fuel investments in the next ten years

Japan ‘could be left with $71bn of stranded coal assets’

That’s the warning from Carbon Tracker, which says the country must reform its ‘pro-coal’ stance and policies

National Theatre takes to the stage to declare climate emergency

It has committed to continue to set ambitious targets to move towards net carbon zero, having already cut its energy, waste and water carbon impacts by a quarter since 2016