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Fossil Fuel Giants Seek Billions From European Countries Under Secretive Treaty

Fossil fuel companies in Europe are using an international treaty signed nearly three decades ago to challenge several governments' ability to take climate action—exemplifying why, critics said Monday, the 1994 Energy Charter Treaty is a major impediment to transitioning away from planet-heating fossil fuels and toward renewable energy.

IISD in the news February 21, 2022

European energy groups seek €4bn damages over fossil fuel projects

Five energy groups are suing four European governments for almost €4bn over the stymying of coal, oil and gas projects as climate change concerns rise, using a secretive process based on an international energy treaty.

IISD in the news February 21, 2022

Climate Resilience through Solar Irrigation

Part of the World Sustainable Development Summit 2022, this event will highlight solar irrigation including findings from the recent guidebook on solar pumps.

Webinar February 18, 2022

Exxaro, China's CNIC vie with AIIM for $2 bln African power firm Lekela - sources

South African miner Exxaro (EXXJ.J) and Chinese state fund CNIC are among potential buyers admitted to the final round of bidding for African renewable energy firm Lekela Power - a company worth around $2 billion, a number of sources familiar with the deal told Reuters.

IISD in the news February 18, 2022

Humanity Subsidizing 'Our Own Extinction,' Warns Study

Releasing a new study showing that world governments spend at least $1.8 trillion annually to subsidize activities which worsen the climate crisis, global subsidies experts on Thursday said leaders must eliminate or redirect the financial supports as part of an ambitious Global Biodiversity Framework at an upcoming summit in China.

IISD in the news February 17, 2022

BC's Fossil Fuel Subsidies Are Second Highest in Canada

The B.C. government handed out $1.3 billion in fossil fuel subsidies over the past two fiscal years, according to a new report by the International Institute for Sustainable Development, an independent think tank.

IISD in the news February 17, 2022

More Say for Smallholders Will Help Standards Address Poverty

Voluntary sustainability standards can be a valuable tool for tackling poverty. But for these standards to be truly effective, smallholder farmers must have a say in how these are designed and put into practice.

Insight February 16, 2022

Taxation

Robust tax policy and administration are essential for governments to mobilize domestic resources and attract investments that drive sustainable development.

Topic February 16, 2022

Provinces Trigger New Fossil Development with Higher Subsidies than Ottawa’s, IISD Reports

Fossil fuel subsidies from Canadian provinces and territories exceed federal support for the industry, triggering fossil fuel production "that may not otherwise occur" and depriving provinces of "millions in uncollected royalty and tax revenue from fossil fuels," concludes a new report.

IISD in the news February 15, 2022

Provincial fossil fuel subsidies pose big problems for Canada's climate goals

Canada's four main fossil fuel-producing provinces shelled out $4 billion in subsidies for the industry from April 2020 to the end of last year, a new report reveals.

IISD in the news February 15, 2022

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