G20

With Rio 20+, the latest United Nations organized Earth Summit, less than a week away, the Natural Resources Defense Council has released a scorecard ranking the G20 nations and their commitment to clean energy development.

The oil industry, Alberta's provincial government, and the Canadian federal government are all breathing huge sighs of relief with the release of the Royal Society of Canada's report [pdf] on the Alberta oil sands.

With just over one week before governments meet in Cancun, Mexico to discuss a new international climate change treaty the message from the world's biggest investors is loud and clear: take action now or suffer economic disaster.

A new report by Bloomberg New Energy Finance shows that fossil fuels garner over 10 times the subsidies renewable energy does.

Don’t hold your breath, but there is a possibility that the G20 summit in Toronto next week will take action to reduce government subsidization of the fossil fuel industry and to level the playing field for clean and renewable fuels.