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UK to use £1bn meant for green energy to support fracking in Argentina

By Anne workforce / October 23, 2019

Documents show government’s plans to prioritise loans in support of major oil companies The UK is planning to invest in Argentina’s controversial oil shale industry using a £1bn export finance deal intended to support green energy, according to government documents seen by the Guardian. UK Export Finance, the government’s foreign credit agency, promised in 2017 […]

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Just 10% of fossil fuel subsidy cash ‘could pay for green transition’

By Anne workforce / August 13, 2019

Redirecting small portion of subsidies would unleash clean energy revolution, says report Switching just some of the huge subsidies supporting fossil fuels to renewables would unleash a runaway clean energy revolution, according to a new report, significantly cutting the carbon emissions that are driving the climate crisis. Coal, oil and gas get more than $370bn […]

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