Fossil Fuels

Global Mining: “Miners try to move away from fossil fuels” – report

Posted on January 23, 2019January 23, 2019 by Mozambique Resources Post

A research report by Wood Mackenzie asserts that electrification and automation will be a key priority for global mining companies as they try to move away from fossil fuels.

Global Oil & Gas: Liquidity fuels LNG storage growth

Posted on October 15, 2018 by Mozambique Resources Post

Commercial storage of LNG is on the rise as the market evolves, and emissions controls loom larger on the horizon.

Sustainability: Climate crisis spurs UN call for $2.4tn fossil fuel shift

Posted on October 9, 2018 by Mozambique Resources Post

The world must invest $2.4-trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to avoid catastrophic damage from climate change, according to scientists convened by the United Nations. Their report published Monday adds pressure on policymakers and businesses to step up their response to global warming, which is boosting sea levels, making storms more violent and exacerbating poverty. The atmosphere is already almost 1…

Markets: “Fossil fuels dominate African energy investment” – DW reports

Posted on September 7, 2018 by Mozambique Resources Post

Plants burning coal, oil and gas have powered rapid economic growth in Europe, North America and the strong Asian economies for decades. At the same time, many people in less wealthy parts of the world still suffer from energy poverty, while being increasingly exposed to extreme weather that’s becoming more frequent, and more intense, because of climate change.

Global Oil & Gas: The G7 Spends $100 Billion On Fossil Fuel Subsidies

Posted on June 5, 2018 by Mozambique Resources Post

The world’s richest economies still subsidize their oil, gas, and coal use, investing more than US$100 billion annually in subsidies, a report from the Overseas development Institute has revealed.

Mining: Africa Breaks Ranks With World Bank and IMF On Coal

Posted on April 9, 2018 by Mozambique Resources Post

Abuja — The African Development Bank (ADB) is set to back coal-fired projects in Nigeria, Kenya and Senegal in a departure from the International Monetary Fund (IMF) which has a ban on fossil fuels. Kenya is developing a one-gigawatt generator near Lamu on the coast, using the latest clean-coal technology but the World Bank and IMF have refused to engage on the project. They have also banned funding to South Africa’s Eskom for coal plants….

Unveiled: New Document Suggests Shell Knew About Climate Change 30 Years Ago

Posted on April 7, 2018 by Mozambique Resources Post

An internal Shell report from 1988 has revealed the supermajor was aware of the effect of its business on climate. The report, uncovered by Dutch journalist Jelmer Mommers from the De Correspondent news platform, has been published in the Climate Files and might just make life that much more difficult for the Anglo-Dutch company.