China approved nearly 10 gigawatts of new coal-fired power generation projects in the first quarter, roughly equal to the amount approved for all of last year, amid a broader scramble to jump-start an economy hobbled by the COVID-19 epidemic.
Nikkei Asian Review 5th May 2020 read more »
Total maintained its dividend and announced a new emissions target despite an earnings hit from the oil price plunge triggered by the coronavirus pandemic. Like European supermajors BP and Shell, the French group is sticking with climate goals despite the financial impact of a collapse in oil demand. Its net adjusted profit fell 35 per cent in the first quarter compared with the same period last year to $1.78bn.
FT 5th May 2020 read more »
Gas stoves are making people sick, contributing pollution that makes indoor air up to two to five times dirtier than outdoor air, according to a new report. Despite the risks, regulators have failed to set standards for indoor air quality – a problem that is now likely to be exacerbated by large numbers of people spending time inside and cooking at home during the coronavirus pandemic. Fossil-fuel-burning stoves are likely exposing tens of millions of Americans to air pollution levels that would be illegal if they were outside, concludes the review of decades of science by the Rocky Mountain Institute and multiple environmental advocacy groups.
Guardian 5th May 2020 read more »