Oil, Natural Gas & Divestment

The Hague waterfront and buildings

The Hague becomes world’s first city to pass law banning fossil fuel-related ads

New legislation in the Dutch city spells the end of publicly and privately funded advertising for petrol and diesel, aviation and cruise ships in city streets, including on billboards and bus shelters. It takes effect from the start of next year. It is the first time a city has banned high-carbon advertising through local legislation. The decision follows a call by the U.N. chief, António Guterres, earlier this year for governments and media to enact such bans, as they have done with tobacco.

Break Free From Fossil Fuels flyer

Australia and Norway to stop overseas fossil fuel financing

Australia and Norway have formally joined the Clean Energy Transition Partnership (CETP), a historic alliance aiming at ending international public subsidies for fossil fuels. The CETP was launched during COP26 in Glasgow and has grown to include 41 countries and organizations, signaling a significant step forward in combating the climate catastrophe.

Furnace flames

Massachusetts becomes first U.S. state to approve phase-out of natural gas as a source for residential heating

According to Inside Climate News, Massachusetts is the first state to take such a clear step to phase out natural gas, but it likely won’t be the last. At least 11 other states, including California, Colorado, Illinois, Maryland, Minnesota, Nevada, New Jersey, New York, Oregon, Rhode Island and Washington — as well as Washington, D.C. — have ongoing regulatory cases that are exploring the future of natural gas.

Volvo logo on headcap

Volvo Cars to cease production of all diesel models in 2024

This milestone follows Volvo’s previous announcement in 2022 to discontinue the development of new internal combustion engines. By selling its stake in Aurobay, the joint venture responsible for its remaining combustion engine assets, Volvo redirected its focus entirely towards electric powertrains.

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