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Huge investor warns about Earth Overshoot Day

Huge investor warns about Earth Overshoot Day

Photo credit: Earth Overshoot Day. By Anders Lorenzen Earth Overshoot Day is the day of the year when we have already used up all the resources the Earth can generate. It has been happening earlier and earlier each year since the 1970s. This year the day falls on the 2nd of August.  It is estimated it would take 1.7 Earths […]

New fund to boost solar development in Africa

New fund to boost solar development in Africa

Africa A solar farm in Western Cape, South Africa. Photo credit: Reuters / Esa Alexander. By Anders Lorenzen Countries in the African continent could be about to receive a solar investment boost which will contribute to unlocking the huge solar potential of the continent. A new investment fund worth €87.5 million will finance solar power production across the continent with […]

Shell reports monster profit

Shell reports monster profit

Prelude FLNG, Shell’s floating LNG facility.Photo credit: Shell. By Anders Lorenzen The green credentials of the oil and gas giant Shell are again under scrutiny as its fossil fuel arm has declared a huge 2022 profit.  The surge in energy prices, much of it a result of Russia’s invasion of Ukraine, has seen the Anglo-Dutch company take its annual profits […]