According to the Financial Times “Around $900bn – or one-third of the current value of big oil and gas companies – would evaporate if governments more aggressively attempted to restrict the rise in temperatures to 1.5C above pre-industrial levels for the rest of this century.”
“I’m done with fossil fuels. We are done. They are just done.”
“Australia is burning and yet ANZ continues to invest billions of dollars in climate wrecking projects. It is illegal for someone to light a bushfire, and we believe it is illegal for companies to finance the burning of our common home. This case is one of many to come against climate criminals”.
Decades after BP became aware about the serious consequences of climate change, and as the world faces a climate emergency, the company’s outgoing boss, Bob Dudley, seems more content about saving BP, than the planet itself.
The IEA is embarking on a public relations effort that bears a striking resemblance to the spin coming from the oil and gas industry itself. This post takes a closer look at the IEA’s new spin, and why it’s a dangerous distraction from real solutions.
On the frontlines, the certainty of before has given way to the uncertainty of the future. But the fossil fuel machine continues to churn and burn.
By Laurie van der Burg As the climate crisis wreaks havoc across the globe and we enter a decade that will make or break our ability to limit warming to 1.5°C, Big Oil continues to use the International Energy Agency’s (IEA) dangerous scenarios to justify major new investments in oil and gas, including in court. … Read More
Greta Thunberg told delegates at Davos that “Our house is still on fire. Your inaction is fueling the flames by the hour.”
“When the world’s largest asset manager, BlackRock places sustainability and climate risk at the center of its investment approach, and commits to stronger sustainability advocacy actions, it is game-changing for capital markets.”
Every day brings news of greater evidence of our climate emergency. And now, Jakarta residents have filed a lawsuit against the governor of Indonesia’s capital as they seek to hold authorities responsible over their inaction during some of the deadliest flooding in years.