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Earlier this year, The Guardian ran a powerful article exposing the ties of Elsevier, one of the world’s largest academic publishing companies, to the fossilfuel industry. The article caught my attention because I’d never considered the ways in which an academic publisher might be perpetuating and enabling a fossilfuel economy.
Since the summer of 2021, five Republican-controlled state legislatures have passed bills banning their state governments from doing business with financial institutions that they allege have divested from fossilfuel companies as a result of ESG investment policies. Another six statehouses are considering similar bills.
The image that comes to mind when I think of fossilfuel villains is Batman’s adversary Two-Face. To be two-faced is to be deceitful, and deception is what the fossilfuel industry executives excel in. I know we can agree that we don’t want political grabs for power to fall on us taxpayers. What is ESG?
The use of radiative forcing to understand emissions trajectories was then paired with varied political pathways to generate Shared Socioeconomic Pathways (SSPs). SSP4: A divided world A highly unequal world where some adopt clean technology while much of the population remains dependent on fossilfuels.
Their efforts have paid off: The 27 resolutions demanding increased disclosure that went to a vote in 2021 averaged approximately 40 percent support, according to investment management firm Boston Trust Walden. ExxonMobil also funded the Consumer Energy Alliance , a pro-fracking front group run by PR firms on behalf of fossilfuel companies.
Two-thirds of the G20’s public finance for energy went to fossilfuels in 2019–2020. Subsidies reached new highs in 2021, even before Russia’s invasion of Ukraine, a Climate Transparency analysis finds. In total, 63% of the G20’s public finance for energy went to fossilfuels in 2019–2020. By Catherine Early.
Minnesotans are facing concurrent crises of climate change, high energy prices and inflation, and the inequitable public health impacts of fossilfuel air pollution. Renewable energy will help with all of that—but we need a grid that is designed for wind and solar instead of having to rely on expensive coal and gas plants.
This methodology is similar to my own work combining climate science, political science, and history to reconstruct how UN climate negotiations have played out and what that implies for climate justice. Such a constraint would clearly place a limit on the amount of fossilfuels ExxonMobil could extract, produce and market.
If honored, this commitment will likely unseat Canada as the worst-ranking in the G20 for international public financing to the fossilfuel sector. . After a wave of commitments to end international coal finance this year, this is the first international political commitment that also addresses public finance for oil and gas.
Wind power costs fell by half from 2008 to 2021. Cheaper renewable energy attracts private investment and makes limits on fossilfuels more feasible. The resulting economic growth also helps create a stronger political base for aggressive expansion of clean energy. Utility-scale solar was an even more dramatic story.
There is still much we can do to bend that emissions curve sharply within this decade—but only if world leaders, especially leaders of richer countries and major emitting nations, take responsibility to act together quickly and fossilfuel companies are held accountable for their decades of obstruction and deception.
This is where the analysis behind AEO2022 dates itself to November 2021. From their thinking in November 2021, EIA projects that wholesale gas prices will remain less than $4.00/ million BTU through 2050, lower than gas prices in 2021. EIA also recently reported that US coal exports increased 23% between 2020 and 2021.
For decades the fossilfuel lobby has masterfully weakened, derailed, and outright blocked government climate policy. The fossilfuel lobby meddles with Canadian politics and inserts itself into international climate change politics and diplomacy. CAPP is trying to buy and build the social license (ie.
Some states, like California, Louisiana, or Alaska may be feeling the impacts more acutely earlier on, but it does not feel like things have become bad enough for political will to be marshalled. But it beats a structure in which political paralysis is so severe that nothing, whether adaptation or mitigation, can be done.
By Brett Walton, Circle of Blue – August 24, 2021. If society continues to burn fossilfuels and clear forests, those dry cycles are expected to intensify and spread across wetter areas like the Caribbean and Amazon, potentially affecting hundreds of millions of people a year.
As of 2021, 30 emissions trading systems were in force globally, covering 16 – 17 % of global greenhouse gas (GHG) emissions. Emissions trading systems are often launched with relatively lenient design features, typically justified as giving the system a chance to “learn-by-doing” and to gain political buy-in for approval of a program.
C temperature target, and one that more than 130 countries have adopted, albeit mostly as squishy political declarations, not yet legally binding or implemented. Fossil enterprises and political leaders in major fossil producers ranged from politely dismissive to openly contemptuous. That’s the end of THIS YEAR!
In March 2021, just over one year ago, he announced that the department was putting a greater focus on getting more healthy food to more people. It wasn’t the first time Vilsack had used the term. But last week was the first time we’ve seen a summary of the steps being taken to do that.
Because In Politics Everything Is Connected To Everything Else-- -- Gov. Rapp (R-Warren) Defends Indoor Smoking -- PA Politics Of Russian Invasion -- AAA Gasoline Prices: PA Average- $3.60; National Average- $3.33; Ohio Average- $3.16 -- PUC Alert: Dec. 1 Utility Prices Are Changing - Natural Gas (+149% to -64.2%); Electric (+18.8%
CARB’s Low Carbon Fuel Standard (LCFS) seeks to incentivize the production and sale of alternative, lower emissions transportation fuels in order to displace conventional fossilfuels. To identify which fuels should be promoted, CARB calculates the life cycle greenhouse gas emissions from transportation fuels.
However, it’s a disappointment to the initiative’s proponents and to a larger group of environmental advocates who seek to promote California’s quick transition from reliance on heavily-polluting and climate-damaging fossilfuels to renewable energy resources. The California Court of Appeal agreed in a 2021 decision.
It was a sign of how much has changed since 2021 when the UK hosted the flagship COP26 UN climate summit with a promise “irrefutably to turn the tide and to begin the fightback against climate change”. million has been given to pro-fossilfuel think tanks by Tory donors since the 2019 general election.
With most energy investments still in fossilfuels, significant reform is needed to modernise the sector and meet Kazakhstan’s pledge to become net-zero by 2060. Social unrest related to fossilfuels is not a new phenomenon in Kazakhstan. An oil pump in a dust storm on the road to Aktau, Kazakhstan. By Kate Watters.
During the shift from fossilfuels to renewable energy sources, it is crucial not only to prevent certain groups from being excluded, but also to guarantee that disadvantaged communities can step into positions of leadership and ownership, and that past injustices are remedied.
Last week world leaders gathered in New York for the UN Climate Ambition Summit where countries shared concrete action they’ve taken to phase out fossilfuels. There, the conversation was grounded in science, with leaders such as California’s Governor Newsom saying “The climate crisis is a fossilfuel crisis.
These corporations and politicians don’t want to see a transformational transportation system we need, one that prioritizes people before highways, health before harm, access before asphalt, climate before corporations, freedom over fossilfuels. How did we get here? Why aren’t there more ways to get around my community?
In order to reduce emissions, we must phase out fossilfuels—oil, coal and gas—and move towards renewable energy and less plastic and petrochemical production since these products, so dangerous as ocean pollutants, are made from oil. Individual nations, like Vietnam, made new commitments as well. Green Shipping.
The Just Energy Transition Workshop is a timely workshop to examine the progress of the EU member countries, as well as the United States and Canada, following the COP-26 in Glasgow in 2021 and the IPCC Sixth Assessment Reports published in 2022. The keynote speaker will be: Jim Skea (Ph.D.
Smaller, decentralized growth in electric heat pumps for buildings, and electric transportation replacing fossilfuels also require more access to electricity and a modern grid. Nevada adopted a law called SB 448 in 2021, directing utilities to build transmission that meets state goals.
As John Dernbach wrote in a recent blog for ACOEL, on July 21, 2021 the Pennsylvania Supreme Court held that this amendment required all state revenues from oil and gas leases to go to conserve and maintain public natural resources for the benefit of future generations. The court found that this would violate the political question doctrine.
Testimony before the United States House of Representatives Committee on Energy and Commerce For a hearing on “Power Struggle: Examining the 2021 Texas Grid Failure” Written statement submitted by: Michael D. is 32 years, as of January 2021. [14] percent, 47.4 percent, 51.5 percent, and 13.7
From the outset, the notion that financial institutions are “boycotting” the fossilfuel industry – despite the fact that many targeted banks are leading financiers of fossilfuels – has animated Republican politicians advocating for anti-ESG legislation. Cases like Allied Tube Conduit Corp.
Ebel, the CEO of Enbridge, to our list of infamous Climate Villains – powerful people with fossilfuel interests holding Canada back from effective climate action. The executives behind the fossilfuel industry often avoid public scrutiny, which is why we’re shining the spotlight on their activities.
According to the power sector news report UtilityDive : “Texas also led the country in renewable energy projects in 2021. Florida utilities have made big investments in fossilfuels, and it is only recently that they have begun to invest in utility-scale solar. If anything, use of clean energy is about to accelerate.
At RePlanet Nederland, we are delighted that the European Commission has proposed, on December 31, 2021, to include nuclear energy in the sustainable finance taxonomy. Notably, in the same proposal, the Commission has also included screening criteria for gaseous fossilfuels.
The National Academy of Sciences adopted a ’risk-risk’ framing in its 2021 report. But to security experts, and students of political science, geoengineering appears as a hybrid, dual-use security technology. But it puts more emphasis on diverse climate responses than on the social and political context.
This post was originally published on the Law and Political Economy blog as part of a symposium on inflation. In the early days of the current price shocks, fossilfuel boosters blamed clean energy and climate policy. Ras Laffan LNG terminal in Qatar. Photo credit: Matthew Smith, Flickr. The Capacity Story. In the U.S.,
Peterman, York College Of Pennsylvania This guest essay first appeared in the York Daily Record on December 8, 2021 -- I recently returned from the COP26 UN climate summit in Glasgow, Scotland. Among those contradictions is the need to wean society off fossilfuels versus the desire for short-term economic gain. By Dr. Keith E.
This shall be concluded by 2021 at latest. There is, however, a problem as hydrogen is often produced from fossilfuels (natural gas, methane) in these countries and can therefore not be considered `green`.
Scott Perry Told To Hand Over Hundreds Of Texts, Emails In 2020 Election Probe -- Politics PA: Is PA On Pace To Lose Another Congressional Seat In 2030? Gas Explosions -- WPXI: Major Natural Gas Leak At Ross Twp.,
This reflects concerns raised by many stakeholders, myself included, at LCFS workshops since December 2021 (I submitted technical feedback on this topic six times over the last two years, and coauthored a paper on the subject ). A non-binding RFS is not a stable long-term situation, for both economic and political reasons.
Were spotlighting Micheal Binnion, the Mastermind of Petro Populism, who has worked for decades to embed support for fossilfuels in the highest levels of the Canadian government. This series of satirical CVs for climate villains has helped reveal the names and faces of the corporate elite championing the fossilfuel industry.
In Q2 of 2021, Suncor net earnings were $868 million, CNRL’s were $1.551 billion, Imperial Oil with $366 million, and Cenovus at $1.365 billion. A windfall tax is a higher tax rate applied to profits made as a result of a sudden unexpected change, often due to geo-political disturbances like war, regime change, or a natural disaster.
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