Free Republic

Norway is an EV leader thanks to a generous pot of tax incentives. Today, battery-electric cars make up more than half of all new car sales in Norway. Schalk Cloete takes a detailed look at what those incentives cost, and how many tonnes of CO2 they avoid. Norway – a major oil and gas exporter – needs to sell over 100 barrels of oil (which emits 40 tonnes of CO2) to pay for the tax breaks it gives EVs to avoid one tonne of CO2. And Norway’s electricity is almost completely clean thanks to hydro power, so the CO2 avoidance...

Climate campaigners have spent years pushing for defunding and divestment from fossil fuel companies. Now, as their arguments gain traction, they are taking aim at the emissions-heavy meat and dairy industries. “At some point those companies will no longer generate any revenue due to ecological limits. The financial markets aren’t pricing in those risks,” said Mark Campanale, founder of Carbon Tracker, the think-tank that popularised the notion that global warming would lead to unviable “stranded assets” in the hydrocarbon sector. Fossil fuel companies dismissed for years the idea of an inevitable energy transition making their investments unviable but some now...

HONOLULU - The city plans to file a lawsuit against fossil fuel companies aimed at holding them “accountable for the costs and consequences” of climate change. Maui County previously announced similar plans, and other municipalities and states have done the same in a bid to recoup and the real and anticipated costs of a warming planet. Oil companies have called the suits baseless. At a news conference Tuesday, Honolulu Mayor Kirk Caldwell said fossil fuel companies have known for decades about the impacts of climate change. “We’re starting the first steps to protect our island of Oahu, our state of...