Samsung Electronics – Climate Change

 Greenpeace-Aktivisten protestieren gegen den Klimawandel  | Bild (Ausschnitt): © Tim Aubry [CC BY-SA 3.0] - https://en.wikipedia.org/w/index.php?title=File:Too_big_to_fail_Greenpeace_banner_Phil_Radford.jpg

The latest Greenpeace report published January 2018 exposes Samsung Electronics’ overreliance on fossil fuels. Reports show that Samsung used more than 16,000GW/h of energy in 2016 alone, of which only 1% was sourced from renewables.((https://www.greenpeace.de/sites/www.greenpeace.de/files/publications/20171017-factsheet-greenpeace-green-it-guide.pdf)) This lags far behind other global IT companies, among Apple Inc., which have already committed to 100% renewables by 2020. In effect, this is controversial to Samsung’s claim “Do Bigger Things” as the company “lacks action to mitigate the effects its massive production has on the environment,” said Jude Lee, Senior IT Campaigner at Greenpeace East Asia.   ... →

ClientEarth questions BP and Glencore’s predictions for oil and coal.

,  Skimming oil in the Gulf of Mexico during the Deepwater Horizon oil spill, Author: Office of Response and Restoration | Bild (Ausschnitt): © Office of Response and Restoration [CC BY 2.0] - flickr

In May this year, commodity giants BP and Glencore, as well as their investors, received an open letter from the British environmental organization ClientEarth that questioned the predictions of the two companies about the future demand for oil and coal. The basis for which is the ExxonMobil Group, against whom the New York Public Prosecutor’s Office (NYC) brought a case  in relation to the company’s knowledge of and failure to disclose climate change information.   ... →

The 50 biggest CO2-Producers called to take responsibility for the effects of climate change

On 22.September 2015, Greenpeace Southeast Asia and Philippine typhoon survivors drafted a petition requesting that the Philippine Human Rights Commission investigate the responsibility of carbon majors concerning climate change. Amnesty International, Attac and further organizations also signed the complaint.

Man-made climate change originates from decades of high greenhouse gas emissions, which were mainly pushed forward by the economic interest of oil, gas, cement and coal companies.   ... →

New report: Fossil fuels receiving over 9 times more finance than renewable energy

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The world’s 25 largest private sector banks channelled at least USD 931 billion into fossil fuel companies in the period 2009-2014, according to a new report launched today by Fair Finance Guide and BankTrack, while over the same period the banks’ financing of renewable energy totalled USD 98 billion.

Alexandre Naulot, spokesperson at Fair Finance Guide International, said: “This analysis, the first international study to compare private sector bank financing of fossil fuels and renewable energy, identifies the alarming priority that banks have been giving to dirty energy over clean energy since 2009, the year of the Copenhagen climate summit.   ... →

Glencore and climate change: increasing coal investments

While the UN prepares for a new climate agreement in Paris and the G7 nations make the first clear steps towards climate change mitigation, Glencore  has been using the low coal prices to acquire additional mining areas.

According to Glencore, coal continues to be the cheapest means to generate energy. Despite the current downturn, the company is certain that the demand in the coming years will increase, especially in so-called developing countries.   ... →