In the next five years, New York state’s pension fund will divest from fossil fuel. Thomas DiNapoli, the state comptroller, announced that the state will sell all its fossil fuel stocks along with all shares from climate change contributors by 2040. This is being hailed as “the most aggressive divestment target set by any U.S. […]
Posts Tagged ‘fossil’
A tipping point for the defeat of fossil fuels?
As Donald Trump gave in to the demand that the transition process to the Biden years officially begin, the administration and its fossil-fuel allies doubled down on their efforts to implement destructive environmental policies that President Biden might try to reverse. Those initiatives have included a campaign to jump-start oil drilling in the pristine Arctic National Wildlife Refuge; the approval by the U.S. […]
Trump administration targets banks divesting from fossil fuels in new anti-climate rule
A new proposed regulation that would bar large banks from declining to do business with particular industries or groups of companies was released on Friday by the Treasury Department’s Office of the Comptroller of the Currency (OCC) — a move that could have major implications for a wide array of divestment and boycott campaigns nationwide, […]
The Industrial Age Is Ending, Low-Tech Neo-Feudalism Will Replace It, No Fossil Fuels, No ‘Green’ Energy
Home » Economy, North America, Technology, World » The Industrial Age Is Ending, Low-Tech Neo-Feudalism Will Replace It, No Fossil Fuels, No ‘Green’ Energy “The process will be uncomfortably sharp and disorientating. The West especially will not know what hit it as it emergently self-reorganizes back into something that resembles the old-time feudalism. […]
University of Cambridge announces divestment from fossil fuels after five-year student, staff campaign
Image Credit: The Tab In a major break with the energy sector, the University of Cambridge committed to full divestment. The University will cut ties with the fossil fuel industry including BP, Royal Dutch Shell, and other companies in which they invested in for the past 20 years. The University of Cambridge announced it will […]
New Fossil Fuel Projects Meet Indigenous Resistance
By Randall Hyman, Truthout. September 19, 2020 Above photo: Navajo Tribal Council Member Daniel Tso and Mario Atencio of Diné CARE study a map of oil leases in the Nation’s Eastern Agency. The Bureau of Land Management’s new guidelines will allow up to 3,000 more frack wells in the Greater Chaco region. Randall Hyman. New Mexico – […]
Unilever to cut fossil fuels from cleaning brands by 2030
Unilever Plc (ULVR.L), one of the world’s major manufacturers of cleaning and laundry products, has recently announced its promise. to accelerate the sustainability of their brands. According to Reuters, instead of petrochemicals, their products would use constituents created from plants and other biological sources, marine sources such as algae and waste materials. Chemicals in its […]
Sierra Club to DNC chairman: End tax breaks and subsidies for fossil fuel companies immediately
Image credit: Aaron Cynic/NationofChange In a letter to Tom Perez, the Democratic National Committee chairman, the Sierra Club demanded the reinstatement of language originally included in its platform, which calls for the end of tax breaks and subsidies for fossil fuel companies. The letter condemned the Democratic Party’s actions and said that developing a platform […]
Climate Activists Are Closer Than Ever To Ending All Fossil Fuel Investments
Above photo: A group of NY2CL activists met in Albany to chalk pro-divestment messaging outside of the Capitol building when the legislative session began in May. NYYCL. Big Win Against Coal. When New York State Comptroller Thomas DiNapoli announced last month that the state would divest its over $200 billion Common Retirement Fund from more […]
Fossil Fuel Industry Pollutes Black And Brown Communities
Fossil Fuel Industry Pollutes Black And Brown Communities Above: Creative Commons Photos: Shell Gas Station (Mike Mozart); Chase (longislandwins); Chevron (Roo Reynolds); Wells Fargo (Mike Mozart); BlackRock (Thomas Hawk). While Propping Up Racist Policing. As movements for racial and environmental justice escalate across the US, these struggles – which, as groups like the National Black Environmental […]
The True Cost of the Fossil Fuel System Is Massive and Obscured
The prevailing opinion among today’s political and economic elites is that economic globalisation is in some sense inevitable, perhaps even the summit of human achievement. The oft-repeated mantra is that ‘there is no alternative’ and we should adapt to it as best we can. Rather than being inevitable, economic globalisation is, in fact, the result […]
Are Fossil Fuel Divestment Campaigns Working?
Are Fossil Fuel Divestment Campaigns Working? Above Photo: Students and alumni at Tufts University protest near the Tufts University presidents office in Medford, Mass. on April 22, 2015, and began a sit-in that they said would continue until the administration commits to fossil fuel divestment. (Photo: David L. Ryan / The Boston Globe via Getty Images) […]
How Activists Won Divestment from Fossil Fuels in New York City
How Activists Won Divestment from Fossil Fuels in New York City This campaign was years in the making, but Donald Trump’s election and the withdrawal from the Paris Climate Accord spurred the local activism that led to this important victory. After five years of tireless organizing, the movement to divest NYC public worker pension funds […]
How General Electric Gambled on Fossil Fuel Power, and Lost
How General Electric Gambled on Fossil Fuel Power, and Lost February 22nd, 2018 Disclosure: I sell solar power systems in New Zealand. — Via: Reuters: Rather than rising, GE Power’s profit fell 45 percent last year, forcing GE to slash its overall profit outlook […]
National Monuments Under Attack — Big Win for Fossil Fuel Industry
December 16th, 2017 By Carolanne Wright Contributing writer for Wake Up World “The President Stole Your Land. In an illegal move, the president just reduced the size of Bears Ears and Grand Staircase-Escalante National Monuments. This is the largest elimination of protected land in American history.” ~ Patagonia Inc. Now more than ever, we need to protect […]
Fracked Off. Fossil Fuel Fight Continues
Above Photo: From nativedailynetwork.com Google is blocking our site. Please use the social media sharing buttons (upper left) to share this on your social media and help us break through. Fracked Gas. You might think it was laughing gas considering the way the political and business interests rub their hands and celebrate its use. We see […]
Fossil Fuel Allies Are Tearing Apart Ohio’s Embrace Of Clean Energy
Above Photo: Flickr/ Steve Smith Google is blocking our site. Please use the social media sharing buttons (upper left) to share this on your social media and help us break through. With scare studies, policy drafts and political donations, industry groups turned Ohio lawmakers against policies they once overwhelmingly supported. This story was also published in […]
China Plans To Ban Sales Of Fossil Fuel Cars Entirely
Above Photo: From techcrunch.com China’s big electric vehicle push is about to get even bigger: The country is planning to end the sale of fossil fuel-powered vehicles entirely, with regulators working currently on a timetable of when the ban will ultimately take effect, according to Bloomberg. China is the world’s largest auto market, with 28.03 million vehicles […]
Fossil Fuel Subsidies Are A Staggering $5 Tn Per Year
Above Photo: In this photo taken on November 19, 2015, smoke belches from a coal-fired power station near Datong, in China’s northern Shanxi province. Photograph: Greg Baker/AFP/Getty Images A new study finds 6.5% of global GDP goes to subsidizing dirty fossil fuels Fossil fuels have two major problems that paint a dim picture for their […]