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A 2022 Rainforest Action Network repor t found that “fossilfuel financing from the world’s 60 largest banks has reached USD $4.6 trillion in the six years since the adoption of the Paris Agreement, with $742 billion in fossilfuel financing in 2021 alone.” The biggest US bank investors in fossilfuels? “At
UK: Liverpool in drive to name and shame fizzy drink brands Denis Campbell | The Guardian | May 7, 2016 Liverpool city council is to start naming and shaming heavily sugared drinks, such as Lucozade and Coca-Cola, in a hard-hitting drive to warn parents about the health dangers they pose to their children.
It contributes to increasing pressure against President Bolsonaro for widespread environmental damage across the country, resulting from a significant lack of climate action and the pervasive destruction of the Amazon rainforest. Omissions from the Brazilian government on climate policy. Background: Regression in Brazil’s NDC. Bolsonaro ).
Read on to learn why and how more than a thousand scientists issued an open letter urging JPMorgan Chase shareholders to vote in favor of a time-bound phaseout of financing for new fossilfuel development and exploration at the bank’s annual meeting on May 16. Those three alone borrowed more than $200 billion between 2016 and 2021.
Carbon dioxide, a common pollutant from burning fossilfuels such as gas and oil, is used by plants during photosynthesis. It is one of the most highly protected areas of rainforest found in all of South-East Asia. In 2016, scientists discovered a grove of Yellow Meranti trees with a minimum height of 90 meters (295 feet).
For comparison, the 2012 London Olympics and 2016 Rio Olympics emitted 3.3 Reusing venues and replacing fossilfuel with renewable energy use is essential to cutting emissions at a large sporting event. million tonnes and 3.6 million tonnes of CO2 respectively, according to the organising committees. million tonnes of carbon.
This applies to food resources such as fish, habitats such as rainforests, cultural monuments as a mark of respect for their human interest. We live in an age of dwindling fossilfuels and inaction on renewable energy. Fossilfuel supplies are dwindling, and many believe we have already reached (and passed) peak oil.
At the start of the recent COP 27 climate meeting in Egypt, a United Nations report on the role of financial institutions in controlling climate change said, “There is no room for new investment in fossilfuel supply.”. With COP 27 now concluded, fossilfuel investment remains the elephant in the room.
The agreement calls for a phase-down of coal but does not call for reductions in fossilfuels. Dozens of nations sought text calling for a phase-out of all fossilfuels, but they were met with stiff resistance from oil-producing countries, including Russia and Saudi Arabia. 30 through Dec. expert group – Reuters.
Ninth Circuit Heard Oral Argument in California Local Government Cases; FossilFuel Companies Said Juliana Decision Supported Their Position. The Ninth Circuit Court of Appeals heard oral arguments on February 5, 2020 in the appeals in California local governments’ climate change cases against fossilfuel companies.
President Obama recommended a mining withdrawal in this area in 2016, but the Trump administration stopped that process. More News: Young people go to European court to stop treaty that aids fossilfuel investors – The Guardian. New Colombian president pledges to protect rainforest – Associated Press. The New York Times.
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