fossil fuel

Steyer founded a hedge fund whose investments included massive fossil fuel projects, but after he learned of the environmental consequences of these financial decisions, he divested and has worked to fight climate change.

What do job cuts from oil producers reveal about the future of fossil fuels?

It’s a growing source of energy that could replace fossil fuels in some industry and transportation uses.

A government spokesperson said the chemicals industry was paying the fossil fuel penalty, with wholesale gas costs remaining 75% above their levels before Russia invaded Ukraine.

Developing countries, especially China, led the clean energy charge but richer nations including the US and EU relied more than before on planet-warming fossil fuels for electricity generation.