“With sky-high energy prices, it’s mind-boggling to allow the fossil fuel industry to rake in record profits at the expense of working families. What’s needed now is immediate relief for American consumers, which is what this commonsense windfall profits tax bill would provide,” said Rees.
“The ‘California Way’ means protecting vulnerable communities and being a national leader in confronting climate chaos. Newsom has a huge chance to do both, but it will require bold action and follow-through, not just nice words,” said Rees.
Over 200 progressive groups sent a letter to the White House urging President Biden to resist Big Oil and invoke the Defense Production Act in order to ramp up the deployment of renewable energy to transition the world off the fossil fuels that are leading to global instability.
“Any credible analysis of alternatives and alignment with the Paris Agreement would prevent new fossil fuel projects from being financed,” said Tucker.
“We can’t adequately address the climate crisis if we’re exporting billions of barrels of oil and gas to be burnt overseas. Confronting Big Oil and Gas’s deadly expansion plans is critical, and that’s what Rep. Schakowsky and Rep. Barragán are doing with this bill.”
“President Biden promised to end the leasing program entirely due to its deadly threat to the climate, but Interior’s recommendations fall far short of that goal — and ring particularly hollow days after the largest lease sale in U.S. history,” said Rees.
“After 30 years, governments finally had the guts to talk openly about the problem of fossil fuel dependence at COP26, but failed to encode a bold solution in their final outcomes.”
”Continued failure to treat climate change as the crisis it is, will condemn current and future generations to a world of untold suffering and harm. Instead, world leaders should heed young people’s urgent calls to protect their futures.”
Incremental progress is not good enough. What we need is concrete commitments to fight the climate emergency. This includes a rapid phase out of all fossil fuels through a just energy transition and revisions of national climate targets in line with the 1.5C goal.
The new report finds that wealthy nations — the United States, United Kingdom, Canada, Norway, and Australia — planning to approve and subsidize new fossil fuel projects which undermines their recent claims of leadership in addressing the climate crisis.