Daily Archives: 27 December 2022

BP criticised over plan to spend billions more on fossil fuels than green energy

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Just Stop Oil protests at BP
Just Stop Oil protests at BP. Image: Just Stop Oil

https://www.theguardian.com/business/2022/dec/27/bp-plan-spend-billions-fossil-fuels-green-energy-oil-gas-renewables

BP has been accused of prioritising fossil fuels over green energy as it plans to spend as much as double the amount on oil and gas projects than on renewable investments next year.

The FTSE 100 company has earmarked up to $7.5bn (£6.2bn) for oil and gas projects, compared with a range of $3bn to $5bn for green energy.

BP expects to increase spending on “resilient hydrocarbons” – oil and gas, refining and bioenergy projects – by up to $1bn in 2023.

In 2021 the company’s capital expenditure was $12.8bn and it expected to spend $14bn-15bn this year, and then $14bn-16bn a year between 2023 and 2025.

Within this, investment into “resilient hydrocarbons” will increase from $9bn in 2022 to “$9bn to $10bn a year” from 2023 to 2025, including $7.5bn a year on oil and gas projects.

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UN Chief To Convene ‘No Nonsense’ Climate Summit To Avert Disaster

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https://www.eurasiareview.com/24122022-un-chief-to-convene-no-nonsense-climate-summit-to-avert-disaster-oped/

UN Secretary-General António Guterres has never ceased to warn about the impending hazards of climate change worldwide. “We are on a fast track to climate disaster,” he has predicted rather ominously and pointed out that some of the world’s major cities are under water.

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Announcing a “Climate Ambition Summit”, scheduled to take place in September 2023, he is aiming at generating “new, tangible and credible climate action” to “accelerate action at the mid-way point” of the UN’s 17 Sustainable Development Goals (SDGs).

Going forward, he will push for a “Climate Solidarity Pact”, for all big emitters to “make an extra effort” to reduce greenhouse gas (GHG) emissions in line with the 1.5°C goal and provide support for those who need it.

Describing the proposed meeting of world leaders as “a no-nonsense summit, he said there would be “No exceptions. No compromises.”

“There will be no room for back-sliders, green-washers, blame-shifters or re-packaging of announcements of previous years.”

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Activists cut off top of huge Christmas tree in climate protest in Berlin

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Image: Stefan Muller, Leztze Generation

https://news.sky.com/story/activists-cut-off-top-of-huge-christmas-tree-in-climate-protest-in-berlin-12772409

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Protest group Last Generation said two of its members used a hydraulic lift and a hand saw to cut two metres off the top of the 15-metre tree and hang up a banner.

The banner read: “This is only the tip of the Christmas tree.”

In a statement, the group said it wanted to highlight that Germany is so far only seeing the “tip” of the climate catastrophe happening around the world.

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Leztze Generation is Germany’s version of Just Stop Oil – a climate group engaging in direct action. They have blocked roads and airport runways and attacked a Claude Monet painting (protected behind glass) with mashed potato.

“When will you finally start to listen?” – Mashed potatoes on Monets “Les Meules” [23.10.22]

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