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Fossil fuel divestment or fossil fuel divestment and investment in climate solutions is an attempt to reduce climate change by exerting social, political, and economic pressure for the institutional divestment of assets including stocks, bonds, and other financial instruments connected to companies involved in extracting fossil fuels.
The beginning of the contemporaneous age of oil is commonly thought of originating in 1901 with the strike at Spindletop by Croatian oil explorer Antun Lučić and Texan Patillo Higgins, near Beaumont, Texas in the United States which launched large-scale oil production and soon made the petroleum products widely available.
The hypothesis was re-defined and made popular in the West by astronomer Thomas Gold, a prominent proponent of the abiogenic hypothesis, who developed his theories from 1979 to 1998 and published his research in English. Abraham Gottlob Werner and the proponents of neptunism in the 18th century regarded basaltic sills as solidified oils or ...
James S. Robbins has argued that the advent of petroleum-refined kerosene saved some species of great whales from extinction by providing an inexpensive substitute for whale oil, thus eliminating the economic imperative for open-boat whaling, [153] but others say that fossil fuels increased whaling with most whales being killed in the 20th century.
The report paints a bleak picture of a world struggling to wean itself off planet-warming fossil fuels even as the impacts of the climate crisis become more intense.
A row has broken out at COP29 climate talks as leading countries said a draft deal risked going back on a historic agreement to reduce the use of planet-warming fossil fuels.
Electrofuels, also known as e-fuels or synthetic fuels, are a type of drop-in replacement fuel. They are manufactured using captured carbon dioxide or carbon monoxide, together with hydrogen obtained from sustainable electricity sources such as wind, solar and nuclear power.
The green, orange and yellow lines indicate how surface temperatures will likely respond if leading carbon emitters begin to reduce reliance on fossil fuels. Without immediate curbs, temperatures are set to follow the red track, and increase between 3.2 and 5.4 degrees Celsius by 2100. The green line shows how we can minimize warming if ...