Today across the nation, activists in 60 cities and 25 states plan to utilize COVID-safe and creative ways to deliver letters calling on major banks to distance themselves from the funding of the toxic Keystone XL and Enbridge’s Line 3 tar sands pipelines.
The Danish Government just announced the cancellation of the 8th North Sea licensing round, a ban on future offshore licencing (following an onshore ban in 2018), and a ban on all offshore production by 2050. Hannah McKinnon of Oil Change International responded as follows.
With the expected re-entry of the United States into the Paris Climate Agreement, the Biden administration is required to update the U.S. pledge for 2025 by formally submitting a 2030 pledge towards the global effort. To inform this contribution, U.S. Climate Action Network released an analysis of “fair share” country contributions with a particular focus on the United States.
Today development banks signed a joint declaration at the first global summit of development banks, Finance in Common. Before the summit, the UN Secretary General, youth climate activists, and over 300 civil society organisations all urged development banks to act to end fossil fuel investments. However, the joint declaration only includes a vague commitment to “consider” ways to reduce fossil fuel investments.
Stop the Money Pipeline, a coalition pushing financial institutions to end support for the fossil fuel industry, sent a letter to the Biden/Harris transition team urging strong climate action criteria regarding appointments to financial regulators and the Treasury Department.
To do anything less than stopping all public money to fossil fuels dishonors the memory and sacrifices of Saro-Wiwa, the Ogoni 9, and countless others who have risked and lost their lives to defend their lands and communities.
Another grim, painful milestone is reached. It is now a quarter of a century since Ken Saro-Wiwa and the Ogoni 9 were murdered in Nigeria by Shell.
Despite repeated pledges to end inefficient fossil fuel subsidies, G20 governments’ support to fossil fuels has dropped by only 9% since 2014–2016, hitting USD 584 billion annually over the last three years, according to a report released today by the International Institute for Sustainable Development (IISD), the Overseas Development Institute (ODI), and Oil Change International (OCI).
European Development Finance Institutions fall short on climate ambition by allowing continued financing for fossil gasToday, one week ahead of the Finance in Common Summit, the Association of European Development Finance Institutions (EDFI) announced joint ambitions for climate action. The institutions commit to full Paris alignment by 2022 and to end coal and fuel oil financing. For gas finance, they commit to “generally exclude [such finance] by 2030 at the latest”, but leave the room open to gas financing beyond 2030 in certain cases.
We’re in this together, and we’re going to get through the next few days by continuing to show up, calling each other to action, and appreciating the ones fighting right besides you – knowing that you are in a community of millions fighting for justice. These next few days, we will let those who want … Read More