Not exact matches
«This case represents an unprecedented first step in the absolutely critical work
of forcing coal and
other fossil fuel companies to start being honest about the damage they are doing to our planet,» Schneiderman said in a prepared statement.
House Democrats, led by Reps. Ted Lieu
of California and Peter Welch
of Vermont, also announced Thursday they are planning a broader probe into when
other energy
companies first understood that
fossil fuels drive climate change, what they did with that information and whether they funded or participated in sowing doubt about the matter.
The
company behind the Dakota Access pipeline and many
other damaging
fossil fuel projects — Energy Transfer Partners — was the focus
of nearly 20 actions spanning 10 U.S. states last week.
While this falls short
of the goals
of 350NYC and
other organizations that call for full divestment from
fossil fuel companies, it's a vital first step.
Banks has met recently with
fossil fuel companies to float the idea
of softening U.S. commitments, and he said before the election that remaining in Paris could be used to leverage better trade deals to help slow the transfer
of jobs to China and
other nations.
Moreover, in those cases, the gap between the leading - edge technologies and the competitors trying to catch up is on aggregate twice as great for the
fossil -
fuel firms than the clean - technology firms; that is, the dirty energy
companies are generally farther ahead
of the
other firms in their fields.
The New York Times and
other outlets reported that Soon has received extensive financial support over the past decade from
fossil fuel companies and
others opposed to government regulation
of greenhouse gas emissions — but has not always disclosed those financial links in his technical publications.
and Sheldon Whitehouse (D - R.I.)-- sent 100 letters to
fossil fuel companies including Southern, trade groups and
other industry organizations seeking to unearth the extent
of what they call «climate denial - for - hire programs.»
Read all about climate denial scientist Willie Soon's dirty money from petrochemical billionaire Charles Koch, coal utility Southern
Company, oil giant ExxonMobil and
other fossil fuel companies to deny the science
of climate change!
Adopt a goal
of requiring, or persuading,
fossil fuel companies to disclose in their 10Ks and
other filings the amount
of carbon held for ultimate release on the asset side
of their balance sheets, and the range
of possible outcomes to their business if some
of those assets are stranded.
The reason a listening tour is the next step, and not a pre-packaged batch
of legislation or
other steps, is to build on the common ground across a wide range
of Americans on energy thrift, innovation and fair play (meaning policies that distort the playing field, with mandated corn ethanol production and tax breaks for
fossil fuel companies prime examples).
Second, if divestment were to reduce the financial resources
of coal, oil, and gas
companies (which it would NOT do), this would only reduce research and development at those same
companies of: carbon capture and storage technologies;
other key technological breakthroughs; and renewable sources
of energy (the
fossil fuel companies are carrying out much
of the R&D on renewables).
The genesis
of this idea for DOJ to investigate
fossil fuel companies lies in the comparison between the actions
of the
fossil fuel industry and the actions
of other industries known to have intentionally misled the public about the nature
of their products, including the tobacco and lead paint industries.
If 50 %
of the world population stopped using
fossil fuels today, emissions would drop,
fossil fuel companies would be deprived
of finances, their employees wages would have to drop, driving them into
other industries, and a vast and lucrative market for alternative energy would open up.
These
companies, which include some
of the world's biggest producers and users
of fossil fuels, have concluded that limits on carbon dioxide and
other greenhouse, or heat - trapping, gases are inevitable.
Another frequently mentioned option is for Attorney General Eric Schneiderman
of New York to invoke the state's powerful stock - fraud statute, the Martin Act, as the state has done in recent years to force
other fossil fuel companies to disclose more about the financial risks they face from climate change.
Pawa is one
of many lawyers who, along with advocacy groups, have struggled to hold Exxon and
other fossil fuel companies legally accountable for climate change.
Exxon and
other fossil fuel companies could face «a huge universe
of potential plaintiffs» in civil liability suits in coming years, said Carroll Muffett, a lawyer who is president and CEO
of the Center for International Environmental Law, with offices in Washington and Geneva.
According to the notes, Michael Whatley, policy adviser
of the
fossil fuel lobby group Consumer Energy Alliance, which receives funding from Peabody Energy along with
other coal, oil, and gas
companies, underlined the industry's urgent need to mobilize state public officials, including legislators, attorneys general, environmental and public utility commissioners, and energy officials in many states.
Along with
other major
fossil fuel companies, it deceived the public about the risks
of its products and kept us on a path
of unabated
fossil fuel extraction.
The lawsuit comes on the heels
of several
other California communities suing 37
fossil fuel companies earlier this summer for causing climate change.
It's the vast majority
of climate scientists vs (in this particular case) a front group for activities by PR disinformation specialists, financed indirectly by
fossil fuel companies and
others opposed to regulation
of GHG emission pollution.]
The PR industry is a major component
of the influence peddling industry that stretches across Washington and the world, and they are making large sums
of money from energy
companies and
other important players that have businesses connected casino online to
fossil fuels and energy policy,
The conspiracy theories around Exxon and
other fossil fuel intense
companies disregards the important reality that everything we are today is built brick by brick on the
fossil fuel economy, I think you fall into the trap
of thinking that you are somehow removed from that system, free, independent and pure... you are not.
Instead they are working with big industry to ensure that those with the wealth and power, particularly the
fossil fuel companies, can continue to cling on at the top at the expense
of all
other living things on our planet.
In the US (and
other English - speaking countries), the primary obstacle is not the entrenched power
of interests that would lose from climate stabilization such as
fossil fuel companies.
Though not a formal recommendation, three - quarters
of the committee members supported the university divesting from coal and tar sand
companies but not from
other fossil fuel industry members.
Shareholders have filed resolutions asking for ExxonMobil, Chevron and
other US energy
companies to undertake stress tests to ensure they maximise value and don't just pursue a BAU strategy in the face
of stronger regulation and weakening
fossil fuel demand as economies transition.
There are
others, high level employees and strategists
of major oil
companies, who are driving the business
of fossil fuel extraction and can no longer take the defense that they were just following orders.
The proceeding, scheduled for March 21 by U.S. District Court Judge William Alsup, will feature lawyers for Exxon, BP, Chevron and
other oil
companies pitted against those for San Francisco and Oakland — California cities that have accused
fossil fuel interests
of covering up their role in contributing to global warming.
The public relations machines
of fossil fuel companies would have us believe that new hospitals, better education, and all sorts
of other good things are reliant on the prosperity that comes from us allowing them to sell off our
fossil fuel «resources».
But some
of these bills face opposition from
other state politicians, and from groups such as the American Legislative Exchange Council, Americans for Prosperity, the Heartland Institute, and utility and
fossil fuel companies, InsideClimate News reported.
The head
of Illinois anti-nuclear organization Environmental Law and Policy Center — which is funded by
fossil fuel interests and
other energy
companies that would benefit from closing nuclear plants — has doubled down on his efforts to increase carbon emissions by closing nuclear power plants and replacing them with
fossil fuels.
Other individuals that Raney didn't highlight, but who also have connections with the utility and coal industry, include Brian McCormack (formerly of the Edison Electric Institute), David Banks (former lobbyist for Exelon), Mark Menezes (former lobbyist for Southern Company and other utilities), and Travis Fisher (formerly of the fossil fuel - funded Institute for Energy Resea
Other individuals that Raney didn't highlight, but who also have connections with the utility and coal industry, include Brian McCormack (formerly
of the Edison Electric Institute), David Banks (former lobbyist for Exelon), Mark Menezes (former lobbyist for Southern
Company and
other utilities), and Travis Fisher (formerly of the fossil fuel - funded Institute for Energy Resea
other utilities), and Travis Fisher (formerly
of the
fossil fuel - funded Institute for Energy Research).
What you describe is exactly the outcome that Exxon - Mobil and
other fossil fuel companies desire, and have achieved by their funding
of right - wing propaganda mills, disguised as «think tanks», that spew a steady stream
of fake, phony, pseudoscientific bunk and employ cranks and liars to create the completely false impression that there is a genuine «debate» about the reality
of anthropogenic global warming.
Simply improving messaging in accordance with recommendations
of psychologists or following the recommendations
of economists to create economic incentives to engage in less GHG producing behavior will not likely create strong citizen support for climate change policies unless citizens better understand that the narrative created by opponents
of climate change policies about high levels
of scientific uncertainty and unacceptable harm to the economy from the adoption
of climate policies is not only false but has been manufactured by
fossil fuel companies and
other entities which have economic interests in continuing high levels
of fossil fuel consumption.
«It is appropriate that people are now looking to the courts, instead
of legislators, to help hold
fossil fuel companies accountable for their contributions to sea level rise and
other climate impacts.»
«It is appropriate that people are now looking to the courts, instead
of legislators, to help hold
fossil fuel companies accountable for their contributions to sea level rise and
other climate impacts,» Kimmell told the East Bay Times.
His probe follows revelations that Wei - Hock (Willie) Soon
of the Harvard - Smithsonian Center for Astrophysics, who disputes the scientific consensus that human activities are the main driver
of global warming, failed to disclose research funding from Exxon, Southern
Company, and
other fossil -
fuel industry sources.
In the meantime,
companies can balance the potential liability
of their
fossil -
fuel products, e.g. coal or gas, with climate change initiatives in
other parts
of their business which produce «carbon credits».
Today, I'm taking a closer look at a couple
of «deep green» broadly - diversified mutual funds that have decided, unlike most
other funds that market themselves as green or socially responsible,» to cleanse their portfolios
of companies that extract
fossil fuels.
Earlier this week, documents revealed by the Guardian and New York Times provide irefutable evidence that climate denier Willie Soon and the Harvard - Smithsonian Center for Astrophyics received more than $ 1 million in funding from
fossil fuel companies to deliver scientific reports that called into question the scientific conclusion that climate change is the result
of burning too much oil, coal and
other carbon - emitting
fuel sources.
The investments are part
of a wider dash for gas among the biggest energy
companies, as the industry bets that the clean characteristics
of gas compared with oil and coal will allow it to keep growing as
other fossil fuels decline.
The American Petroleum Institute (API) is the primary trade association
of the oil and natural gas industry, whose membership includes the major
fossil fuel companies such as ExxonMobil, Chevron, ConocoPhillips, and many
others.
Since the plaintiffs claimed that burning
of fossil fuels puts deadly CO2 into the atmosphere, causing all their forecasted death & destruction, then why didn't the oil
companies ask the judge for a restraining order to prevent the plaintiffs from burning any more
fossil fuels at least until the case was settled one way or the
other?
in
other words the complaint is the
companies conspired to promote «massive amounts»
of fossil fuels by hiding the fact that hey «knew» it would cause «catastrophic climate change impacts», a conspiracy claim even the judge recognized as bogus:
McKibben is considered the father
of the «divestment» movement — defined as applying pressure on universities and corporations to end all investments in
fossil fuel companies or
other industries that contribute significant amounts
of CO2 into the atmosphere.
Interview with Jim Gordon, CEO
of Cape Wind The famed Cape Wind offshore wind project has finally been granted a permit to begin construction, after a decade - long battle with the
company and clean energy advocates on one side, and well - funded
fossil fuel industry interests and NIMBY concerns on the
other.
Furthermore, an estimated 11 - 18 %
of global
fossil fuel subsidies don't go towards directly lowering the prices that consumers pay, instead occurring in the form
of tax breaks for
fossil fuel companies and
other forms
of indirect support for industry.
So
fossil fuel reform seems to be a case
of simple political will: government can use
other forms
of subsidy to ensure social cohesion,
companies want a free market, and politicians — certainly the ones with loud voices in the USA — want government out
of the subsidy business.