The Commodity Futures Trading Commission issued its report on the risks that the climate emergency poses to the financial system. Stop the Money Pipeline partners issued the following responses.
“The fund management sector recognises the imminent risks posed to fossil fuel investments from climate change and the transition toward a zero-carbon economy”
Big Oil’s twilight could happen faster than many have predicted.
FOR IMMEDIATE RELEASE October 13, 2015 Contact: Hannah McKinnon, hannah [at] priceofoil [dot] org Global Climate Movements Seek Fossil Fuel Company Transparency on Future Viability of Oil, Coal, Gas Heinrich Böll Foundation, Oil Change International, Climate Justice Programme Global reporting standards for extractive industries must include transparency from fossil fuel companies about the future viability of their … Read More
When oil prices crashed late last year, the high-cost and capital intensive tar sands sector took a hit. The industry had already been showing signs of weakness with underperforming stocks, project cancellations, and serious concerns about market access. But low oil prices have driven a whole new level of cost cutting and project delays.