The American Petroleum Industry’s greenhouse gas reporting template obscures the U.S. oil & gas industry’s massive responsibility for the climate crisis.
More than 500 organizations called on policymakers in the U.S. and Canada to reject Carbon Capture and Storage (CCS) as a dangerous distraction and to end the “carbon capture of climate policy.”
Five decades on from the first CCS project, the technology remains riddled with problems, unproven at scale, and not fit for purpose. It is beyond time to focus on the real solutions to the climate crisis and injustice that the fossil fuel industry has wrought. Neither CO2-rich gas or LNG qualify.
“Every day President Biden refuses to stop the Line 3 pipeline is a slap in the face to Indigenous and environmental justice communities. Climate leadership means ending the fossil fuel era and stopping Line 3.”
The Stop the Money Pipeline Coalition welcomes Biden’s Executive Order as an important step for the climate finance movement and urges the administration to deliver strong reports and action plans ahead of the COP26 climate talks in Glasgow.
“President Biden’s executive order is a welcome change from past failures to regulate the financial industry, but the Biden administration must make it crystal-clear that ‘net zero’ means no more fossil fuel expansion and no false solutions,” said Rees.
National organizations are demanding President Joe Biden appoint a strong climate leader as Federal Reserve Chair who will implement policies and rules at the scale needed to address the climate crisis.
“California is the highest-producing jurisdiction in the world so far to commit to a phase-out of oil extraction, and other major producers need to join the state in committing to move beyond oil and gas,” said Collin Rees of Oil Change International.
Last week, the #BuildBackFossilFree coalition held a week of action across the country escalating the demand for President Joe Biden to be a real Climate President and directly confront environmental racism and fossil fuel companies fueling the climate crisis.
Nearly 150 organizations sent a letter urging Special Presidential Envoy for Climate John Kerry to use his powers to end the flow of finance from Wall Street to the industries driving climate change.