As California Governor Jerry Brown prepares to host a global summit aimed at rallying bolder climate action, a new report out today details how the state can and must initiate a managed phase-out of its own oil production to fulfill its commitment to the Paris climate goals.
Today, close to 500 organizations and 140 leading economists are calling on parties gathered for the latest round of climate negotiations to address fossil fuel production and financing in order to ensure success in meeting goals enshrined in the Paris Climate Agreement.
When it comes to pipeline regulatory decisions, we’re seeing a significant new trend: “Poison approvals” The thing about inertia is that it’s pretty hard to resist, especially when it’s been in place for decades. When it comes to oil and gas pipeline permits, the inertia in place for government agencies at all levels to simply … Read More
FOR IMMEDIATE RELEASE April 16, 2018 US Commercial Banks In For a Spring of Fossil Fuel Resistance US commercial banks are gearing up for their annual general meetings, starting as early as this week, but they’re not alone in making plans for AGM season. A growing number of concerned communities and organizations are planning a … Read More
Empty Promise: US Bank Continues Pipeline Finance Published by Oil Change International in partnership with Indigenous Environmental Network, Earthworks, Greenpeace, MN 350, and Rainforest Action Network, April 12, 2018 Download the briefing Following waves of pressure over the controversial Dakota Access Pipeline (DAPL), US Bancorp (US Bank) CEO Andrew Cecere won praise from Indigenous rights and … Read More
FOR IMMEDIATE RELEASE April 12, 2018 US Bank Raises $2 Billion in Oil and Gas Pipeline Finance Since Pledge to Stop Pipeline Financing Since revising its environmental policy last year, US Bank financed more than $2 billion to companies building oil and gas pipelines, including an estimated $480 million to Energy Transfer Partners, new analysis … Read More
Through its energy forecasts, the International Energy Agency (IEA) has been guiding governments towards energy decisions that are inconsistent with the goals of the Paris Climate Agreement, new research has found.
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.