fossil fuels

Private infrastructure investment in solar energy during 2015 grew to US$9.4 billion, 72% higher than the average of the previous five years, according to new World Bank figures.

Germany’s ‘big four’ utilities have all referred to the growing importance of renewable energy in their business models in reporting their latest financial results.

Industry-watchers, environmental groups and think tanks have commented on news this morning that the biggest coal mining company in the US, Peabody Energy, has filed for Chapter 11 bankruptcy protection, citing downturn in the coal industry as a major factor.

A US judge has approved fines and ordered BP to pay compensation for a long list of charges relating to the Deepwater Horizon oil spill of six years ago, amounting to US$18 billion.

Canada’s biggest oil sands mining company, Suncor, has put in applications for 240MW of PV projects to regional electric system operator, AESO.