Yesterday, the EIB announced it will end financing for fossil fuel energy projects from the end of 2021.
In case you missed it, yesterday the International Energy Agency released its hallmark report, World Energy Outlook (WEO) 2019. If the resultant press coverage and social media traffic was any indication, there are growing concerns over the inadequacy of the WEO.
In its 2019 World Energy Outlook, used by governments and investors all over the world to guide energy decisions, the International Energy Agency is still centering a trajectory heading towards climate breakdown.
When politicians fail to address the climate crisis – we have no choice but to rise up and shut down the fossil fuel industry.
It is now 24 years since the execution of Ken Saro-Wiwa, and other Ogoni in Nigeria in 1995. The Ogoni 9, as they are called, were murdered for their campaign against the oil giant Shell, whose rampant double standards and pollution had caused the Ogoni community to mobilise.
“Having exhausted every other option”, the Green New Deal is “is the only kind of climate response that stands a chance of not going up in smoke.”
On a tour of the Permian Basin in New Mexico, the devastation and pollution is hard to miss. But with the help of a special camera, you can see just how bad it really is.
The local protesters, typified by the wonderful Nanas, maintained a protest camp against Cuadrilla through rain and shine, through hail and snow, through night and day, they said they had the science behind them, they had history on their side. But it was a David and Goliath fight. And as of last Friday, David has won. For now at least.
When it comes to the urgent need for a robust, central, 1.5°C-aligned energy scenario that doesn’t gamble our future on unproven technologies, the IEA unfortunately presents far more spin than substance.
The Californian fires are a “tipping point” for many residents as they realize that life will never be the same. They must also be the tipping point for clear concise action by politicians to force the oil industry to begin ramping down their operations now. There can be no more excuses.