fossil fuel

The Bank of England will stop accepting bonds linked to thermal coal for key loans starting in October, a decision climate campaigners describe as a victory. The move targets assets tied to one of the most polluting industries, aiming to pressure commercial banks to reconsider fossil fuel-related holdings.

The Washington State Investment Board, which manages pension funds, should divest from fossil fuel holdings as per state Democratic Party guidance.

An International Energy Agency report warns that the Iran war has highlighted Southeast Asia's vulnerability due to its heavy reliance on oil and gas through the Strait of Hormuz, urging faster energy diversification to avoid economic risks. The report emphasizes the region's exposure to shocks from the conflict, calling it a 'stark wake-up call' for energy security.

Dominion Energy proposes a 3,000 MW gas combined-cycle plant in Cumberland County, Virginia, its largest fossil fuel project yet, despite prior controversies over a smaller gas peaker plant in Chesterfield. The new plant faces criticism for environmental injustice, as Cumberland County recently approved a mega-landfill over opposition from a rural, historically Black community.