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Fossil Fuels

Extinction Rebellion Tots Take Down BP

February 23, 2020 Jess Glass, The Ecologist. , , ,
London - Children and families have held a die-in at the Science Museum in an Extinction Rebellion protest against air pollution. Protesters, including children as young as two, staged the peaceful demonstration at the Making The Modern World gallery in the central London museum on Thursday morning. The group lay on the floor for 20 minutes wearing bespoke gas masks reading Enough Is Enough On Air Pollution on and holding signs referencing the impact on children's health including poor lung development. Other signs quoted the government's figures on air pollution in London, which found there are around 9,400 excess deaths in the capital due to long term exposure to particulates and harmful gasses.

Inside Clean Energy: A Case For Optimism

February 16, 2020 Dan Gearino, Inside Climate News. , , ,
I spend just about every day talking to the researchers, entrepreneurs and advocates behind the transition to clean energy. Their enthusiasm, plus the evidence of their progress, makes me feel like I'm covering the story of our lifetimes. Don't get me wrong. I'm not hand-waving and talking about how markets and innovation will solve everything, although both of these things are crucial. And I'm not minimizing the reality that the U.S. and most countries are way behind in cutting emissions enough to stave off the worst effects of climate change, or the fact that there are many bad actors. The negative indicators, from melting arctic ice to the wide-ranging effects of extreme heat, are often terrifying. But I'm optimistic, largely because of the big changes happening in the ways we produce and consume energy.

Exxon Market Value Drops $184 Billion Since 2014 Peak

February 11, 2020 Peter Castagno, Citizentruth.org , ,
ExxonMobil’s stock plunged to a nine-year low on Tuesday after posting poor fourth quarter results, leading the fossil fuel giant to plunge $184 billion since its’ market valuation since its 2014 peak, as per CNN business. Some analysts argue that Exxon’s bad quarter is emblematic of a broader decline in the fossil fuel industry.

Student Victory: Georgetown University Divests From Fossil Fuels

February 10, 2020 Staff, Georgetownfossilfree.wordpress.com , ,
On the evening of February 6, 2020, Georgetown University announced its decision to divest its endowment from all fossil fuel companies. This decision comes after eight years of dedicated campaigning from GU Fossil Free; our members, past and present, could not be more proud. We are thrilled that our university has taken this important step in supporting climate justice, student voices, and financial accountability.

Divestment Fever Spreads As ‘Eco Radicals At Goldman Sachs’ Downgrade Exxon Stock To ‘Sell’ Status

February 7, 2020 By Julia Conley, Commondreams.org , , ,
"The best reason to divest fossil fuel stock is that you'd like to help preserve a livable planet. Another reason is so that you won't lose your money." Three days after CNBC host Jim Cramer pronounced fossil fuel investments as being "in the death knell phase," Goldman Sachs on Monday downgraded its stock assessment for ExxonMobil, advising investors to sell their shares of the oil and gas giant.

Global Banks, Led By JPMorgan Chase, Invested $1.9 Trillion In Fossil Fuels Since Paris Climate Pact

January 25, 2020 By Sharon Kelly, Desmogblog.com , ,
A report published today names the banks that have played the biggest recent role in funding fossil fuel projects, finding that since 2016, immediately following the Paris Agreement's adoption, 33 global banks have poured $1.9 trillion into financing climate-changing projects worldwide. The top four banks that invested most heavily in fossil fuel projects are all based in the U.S., and include JPMorgan Chase, Wells Fargo, Citi, and Bank of America. Royal Bank of Canada, Barclays in Europe, Japan’s MUFG, TD Bank, Scotiabank, and Mizuho make up the remainder of the top 10. This report comes as March has already brought deadly weather to places such as the American Midwest, where historic flooding has left four dead and farm losses could reach $1 billion...

With Passage Of NAFTA 2.0, Congress Boosts Fossil Fuel Polluters, Particularly In Mexico

January 22, 2020 By Manuel Perez-Rocha, Inequality.org , ,
NAFTA 2.0 cleared another hurdle on January 16 as the U.S. Senate approved the trade deal with bipartisan support. Officially called the United States-Mexico-Canada Agreement (USMCA), the pact has some improvements but remains a handout to large corporations. This is particularly evident in the USMCA rules related to investor rights. One of the most controversial aspects of the original NAFTA was that it allowed private corporations to sue governments in international tribunals, demanding compensation for alleged violations of a wide range of investor “rights.”

Nearly All Americans Want To Get Off Fossil Fuels

January 17, 2020 By Basav Sen, Otherwords.org ,
Late last year, The Washington Post reported a remarkable poll finding: Nearly half of American adults — 46 percent — believe the U.S. needs to “drastically reduce” fossil fuel use in the near future to address the climate crisis. Another 41 percent favor a more gradual reduction. In short, almost 90 percent of us support transitioning off fossil fuels — including over half of Republicans, whose elected officials overwhelmingly support the industry.

Climate Movement Takes Aim At Wall Street, Because ‘Money Is Only Language Fossil Fuel Industry Speaks’

January 14, 2020 By Jessica Corbett, Commondreams.org , ,
Organized by a coalition of climate, youth, and Indigenous groups, Stop the Money Pipeline will officially launch Friday at the final event in a weekly civil disobedience series that actor and activist Jane Fonda kicked off in October called Fire Drill Fridays. Several vocal climate campaigners plan to join Fonda at the Friday launch, including celebrities Martin Sheen and Joaquin Phoenix, Indigenous leaders Tara Houska and Eriel Deranger, Greenpeace USA executive director Annie Leonard, and authors and activists Naomi Klein and Bill McKibben.

Arctic Drilling Ruling Brings Hope To Native Villages, Subsistence Hunters

January 11, 2020 Sabrina Shankman, Insideclimatenews.org , ,
If there is one place that has most felt the Trump administration's push to rapidly expand fossil fuel development, it might be Nuiqsut, a small village nestled on Alaska's North Slope. The village has become almost entirely surrounded by oil and gas drilling over the past three decades, and the Trump administration has been aggressively pushing for more drilling in the National Petroleum Reserve-Alaska, just west of the village, and off the coast to the north.

Fossil Fuel Producers Should Pay For Australia’s Fires

January 8, 2020 Staff, Yubanet.com , ,
January 6, 2020 – The Australia Institute has welcomed the Government’s $2 billion bushfire recovery fund announcement, but has questioned why regular Australian taxpayers are being asked to pay when a levy on fossil fuel producers would be a more appropriate way to raise the required funding. “Regular Australians should not be forced to pay while fossil fuel producers are being let off scot-free,” says Ebony Bennett, Deputy Director of The Australia Institute.

Members Of Congress Own Up To $93 Million In Fossil Fuel Stocks

January 6, 2020 Alex Kotch, Truthout.org , ,
Climate scientists predict climate change will have catastrophic effects in the coming decades if drastic action to reverse it is not taken immediately. Some members of Congress, including Green New Deal resolution sponsors Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sen. Ed Markey (D-Mass.), are gravely concerned about the mounting threat, but overall, Congress has not met the crisis with the urgency that scientists say is necessary to avoid global tragedy.

New Frontline In Campaign Against Fossil Fuels: Local Bans On Oil & Gas Infrastructure

December 10, 2019 Chris D'Angelo, Huffpost.com , ,
Late last month, the Boston suburb of Brookline became the first East Coast city to ban oil and natural gas infrastructure in new construction projects. The bylaw, which the town’s legislative body passed Nov. 20 by an overwhelming 207-3 vote, prohibits gas hookups in new buildings and large renovations beginning in 2021 ― a move proponents say will help the suburb of 58,000 people achieve its ambitious goal of zeroing out greenhouse gas emissions by 2050. There was little organized opposition to the measure following its introduction in August, local elected officials said.

Natural Gas Rush Drives A Global Rise In Fossil Fuel Emissions

December 6, 2019 By Nicholas Kusnetz, Insideclimatenews.org , ,
A surge in natural gas has helped drive down coal burning across the United States and Europe, but it isn't displacing other fossil fuels on a global scale. Instead, booming gas use is fueling the global growth in greenhouse gas emissions, according to a new study by researchers at Stanford University and other institutions. In fact, natural gas use is growing so fast, its carbon dioxide emissions over the past six years actually eclipsed the decline in emissions from the falling use of coal, the researchers found.

Wisconsin Governor Signs Bill Punishing Pipeline And Other Fossil Fuel Protests

November 29, 2019 Jacob Crosse, Wsws.org , , , ,
Wisconsin’s Democratic governor Tony Evers, ignoring opposition from environmental groups, the American Civil Liberties Union and multiple Tribal Nations, last week signed into law Assembly Bill 426. The legislation makes it a felony, punishable with a $10,000 fine and up to six years in prison, to protest, trespass or cause damage to “critical infrastructure,” including transmission lines, fencing, posts and oil pipelines.
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