The report finds that major private banks funneled $115 billion into extreme fossil fuels in 2017, an increase of 11% from 2016. The single biggest driver of the increase in financing came from the tar sands sector, where financing grew by 111% from 2016 to 2017.
Trump’s infrastructure scam is all about greasing the wheels for oil, gas and coal development and his budget funds this massive giveaway. ‘Streamlining’ critical environmental review really means steamrolling landowners and putting a muzzle on communities when they resist oil and gas pipelines being built through their backyards for private profit.
As we approach the Global Climate Action Summit, hosted by Governor Brown later this year, the governor himself has an opportunity to show true leadership and announce new steps to limit fossil fuel extraction across the state. After all, the case for a managed phase out of fossil fuel production in California has now been clearly laid out by his own team.
As we approach the Global Climate Action Summit, hosted by Governor Brown later this year, now would be a fantastic moment for the Brown-Newsom administration to announce new steps to limit fossil fuel extraction in the state writ large. The case for a managed phase out of fossil fuel production in California is clear, they simply need to read their own letter released today.
Given EIA’s shoddy track record, today’s Annual Energy Outlook projecting climate doom leaves us feeling quite confident that we’ll continue to kick our fossil fuel addiction and tackle our climate crisis.
Calling this disaster of a plan simply an infrastructure plan doesn’t do the nightmare justice. It’s a Make Big Oil Happy plan. It’s a More Climate Disasters plan. It’s a Taxpayer Dollars in Oil Executives’ Wallets plan. It’s a Bankrupt Our Communities plan.
A new report released by Oil Change International details, for the first time, the full accounting of greenhouse gas emissions that would result from the proposed Jordan Cove LNG Export terminal and Pacific Connector fracked gas Pipeline project in Oregon.
This was an easy decision for FERC. Secretary Perry’s proposal was nothing more than a massive bailout for the coal and nuclear industries, so it’s no surprise it was resoundingly rejected by even the industry-friendly commission.
Today’s new offshore drilling plan reveals, once again, that Trump’s energy strategy entails little more than smoothing the road for Big Oil to to get whatever they want. This plan is a gift to companies that want open access to our protected ocean waters and has literally no rational basis other than to curry favor with the oil industry. This is a purely political move devoid of any economic or demand driver.
Just as in Ohio and Michigan in recent months, Energy Transfer Partners and its affiliates now in Pennsylvania continue to show a reckless disregard for the environment and communities as it rabidly builds its pipelines across the country.