Oil Industry Now Set to Control Both Congressional Energy Committees

This article was produced by Sludge, an independent, ad-free investigative news site covering money in politics. Click here to support Sludge. The House Republican who received the most oil and gas PAC money in the last election cycle is set to be the next chair of the House committee that oversees national energy policy. Rep. Cathy McMorris Rodgers (R-Wash.) is expected to be put in charge of the… Source Source / Read More: Oil Industry Now Set to Control Both Congressional Energy Committees

Markets and Technology Won’t Solve Climate Crisis. We Must End Capitalism.

Climate change — caused primarily by capitalism’s incessant burning of fossil fuels — is happening faster than even the most pessimistic scientists predicted, causing freak weather events and mass displacement worldwide. From floods submerging one third of Pakistan to temperatures of 100 degrees Fahrenheit (100°F) in the Siberian Arctic, evidence abounds that rich countries better cut off their… Source Source / Read More: Markets and Technology Won’t Solve Climate Crisis. We Must End Capitalism.

Sierra Leone: No diamond is worth the life of a community 

The Sierra Leone government must continue to ensure that the human rights of people living close to the diamond mine exploited by Meya Mining in eastern Kono district are protected, Amnesty International said today. The organization also urged Meya Mining to fulfil its commitments to respond to community concerns.  Between 2018 and 2021, Amnesty International […] The post Sierra Leone: No diamond is worth the life of a community  appeared first on Amnesty International.

Renewable Energy to Become World’s Top Electricity Source by 2025, Report Says

Key countries around the world are set to add as much new renewable energy capacity over the next five years as they did over the last 20, as governments look for affordable supplies that can address the overwhelming energy security issues raised by Russia’s war in Ukraine, the International Energy Agency (IEA) says in its Renewables 2022 report released Tuesday. Renewables will increase by 2,400… Source Source / Read More: Renewable Energy to Become World’s Top Electricity Source by 2025, Report Says

Chilean Indigenous Activist Says COP27 Promoted Devastating Mega-Projects

The Global North’s scramble for energy-secure futures dominated the COP27 last week in Sharm el-Sheikh, Egypt. Corporate and mining lobbyists promoted high speed trains, lithium car batteries, hydrogen mega projects, and wind farms to transition from fossil fuels and reduce carbon emissions while Indigenous activists resisted those same projects which are already causing irreparable environmental devastation and worsening climate change. The myth of “clean energy” has long been a guiding logic of the UN climate conference. COP27 illustrated not just a tension between financial strategies which environmental activists say are pointless, such as net zero carbon trading, but a battle…

Russia’s Uranium Sales Help Fund Ukraine War, Exiled Environmentalist Says

Image Credit: Facebook: “Экозащита!” We continue our coverage from the U.N. climate conference in Sharm el-Sheikh, Egypt, with prominent Russian environmentalist Vladimir Slivyak, co-chair of the Russian environmental organization Ecodefense and winner of the 2021 Right Livelihood Award for defending the environment and mobilizing grassroots opposition to the coal and nuclear industries in Russia. Slivyak says the Russian war in Ukraine, especially the Russian occupation of the Zaporizhzhia nuclear power plant, should serve as a warning to immediately transition to renewable energy sources, not nuclear energy, and to stop relying on fossil fuels. “As long as the United States and…

Greenwashing Governments and Oil Companies Turned COP27 Into a Climate Disaster

The international climate talks in Egypt — the 27th Conference of Parties to the 1992 UN Framework Convention on Climate Change, or COP27 — have become a dystopian nightmare: Oil companies, dictators and greenwashers captured the process more effectively than ever. But there is hope: Alliances are taking shape — between civil society, scientists and labor — that aim to break the fossil fuel companies’ deathly grip on climate policy. Corporate Capture This year’s United Nations climate summit, which ends on November 17 at the luxury Sharm el-Sheikh resort, is the first to which oil and gas companies were invited…

East African Climate Activists Are Fighting a Destructive Pipeline Project

A new analysis released Thursday by a climate research firm reveals environmental assessments used to gain approval for the East African Crude Oil Pipeline in Uganda and Tanzania failed to fully consider the massive amount of fossil fuel emissions that will result from the project. The earlier assessments took into account only the construction and operation of the pipeline, known as EACOP, but failed to take into account the emissions which will result from the international transport, refining, and burning of the 848 million barrels of oil that the project will carry over its 25-year lifespan. Climate campaigners have opposed…

Wall Street Shrugs Off Biden and Reaffirms Commitment to Saudi Monarchy

This month, President Biden has openly threatened to reconsider the close ties between the United States and Saudi Arabia, but the financial industry appears certain he’s not ready to put his money — or theirs — where his mouth is. Wall Street leaders are visiting Saudi Arabia this week for an investment conference sponsored by the Saudi government, just two weeks after the White House said it would be reexamining the long-standing U.S.-Saudi alliance. Top bankers to attend the gathering in Riyadh included JPMorgan CEO Jamie Dimon, Goldman Sachs CEO David Solomon and Blackstone Group CEO Stephen Schwarzman. The trio,…

Biden’s Critique of Big Oil Won’t Have Teeth Without Windfall Tax, Activists Say

President Joe Biden used a Wednesday speech at the White House to scold fossil fuel companies for raking in huge profits at the expense of U.S. consumers, who are being gashed by high prices at the pump. But instead of calling for a specific policy solution that would force the industry’s hand, Biden asked oil companies to voluntarily stop padding their bottom lines and instead “pass the savings on to consumers.” “So far, American oil companies are using that windfall, the windfall of profits, to buy back their own stock, passing that money on to their shareholders, not to consumers,”…

Wall Street Lobbyists Admit Big Banks Don’t Plan to Honor Their Climate Pledges

A trade association that lobbies on behalf of the largest banks in the United States told regulators that their members’ pledges to reduce investments in carbon-emitting industries are “aspirational,” implying that they shouldn’t be taken seriously by authorities. The Bank Policy Institute made the remarks in public comments on guidelines proposed earlier this year by federal bank regulators, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), on climate-related risk management. Specifically, the lobbying group rejected the notion floated by the agencies that regulations should ensure banks’ greenhouse gas commitments to the public…

UK Accused of Giving “Two Fingers Up” to Climate With New Oil and Gas Licenses

Climate campaigners on Friday condemned the U.K.’s announcement that it will open up a new licensing round for oil and gas fields in the North Sea, saying the decision signifies the Conservative government’s blatant disregard for the climate emergency and warnings against fossil fuel exploration from energy experts and scientists. Claiming new oil and gas drilling will not undermine the country’s stated plan to cut its carbon emissions to net-zero by 2050, the North Sea Transition Authority (NSTA) said it will issue up to 100 licenses for nearly 900 exploration areas, including several that are known to contain hydrocarbons. In…