African banks back oil export pipeline despite climate commitments
Lenders including Afreximbank are backing Uganda’s EACOP project, while publicly talking up their support for a just energy transition.
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US approves multi-billion-dollar loan for troubled Mozambique gas plant
The US export credit agency has unlocked key funding for TotalEnergies’ massive LNG project which was halted after militant attacks
Power-hungry AI data centres seen driving demand for fossil fuels
Big Tech’s data centres are expected to use twice as much electricity by the end of the decade – mainly due to the global AI boom, the International Energy Agency says
Big polluters funnel 75% of profits to shareholders, not clean energy
Research by Friends of the Earth found that Europe’s top high-carbon firms have handed shareholders most of their profits in the last 13 years – now they want public handouts
How Shell greenwashed gas with sham Chinese carbon credits
Exclusive: Shell used rice-farming offsets for “carbon neutral” LNG campaign – but farmers and local authorities said no project activities took place
President Biden sets US emissions goal for 2035 in the shadow of Trump
The outgoing administration said the target to cut emissions by 61-66% by 2035 can be reached even if Trump rolls back climate action
Namibia uses COP29 climate summit to push for oil and gas investments
While Namibia says it can succeed where others have failed in using oil and gas to help its people, experts and campaigners are sceptical