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Home » Topics » fossil fuels

‘Carbon bubble’ leading to another financial crisis, economists warn

Gasoline pump via AFP

The world could be heading for a major economic crisis as stock markets inflate an investment bubble in fossil fuels to the tune of trillions of dollars, according to leading economists. “The financial crisis has shown what happens when risks accumulate unnoticed,” said Lord (Nicholas) Stern, a professor at the…

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Surprising poll finds most Republicans want to reduce use of fossil fuels

City pollution. Photo: Shutterstock.com.

A survey published on Tuesday found that a majority of Republicans want to reduce the country’s fossil fuel use, a position that is at odds with the Republican Party. “Over the past few years, our surveys have shown that a growing number of Republicans want to see Congress do more…

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Saudi Arabia reveals plans to be powered entirely by renewable energy

Wind farm via AFP

World’s biggest oil producer says it wants to make a 100% switch from fossil fuels to clean energy Saudi Arabia, the world’s biggest oil producer, has plans to become 100% powered by renewable and low-carbon forms of energy, according to an influential member of the royal family. But the process…

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