The Sky’s Limit Africa assesses fossil fuel industry plans to sink USD $230 billion into the development of new extraction projects in Africa in the next decade — and USD $1.4 trillion by 2050. It finds these projects are not compatible with a safe climate future and that they are at risk of becoming stranded assets that leave behind unfunded clean-up, shortfalls of government revenue, and overnight job losses.
More and more companies do not want to go back. They want a just transition moving forward. We have to make sure now that politicians meet rising corporate and political pressure. There can be no Big polluter bailout. Any post-COVID-19 economic recovery plan has to make central a managed transition away from fossil fuels to a cleaner, more sustainable, more just, future.
“The Green New Deal believes that radically addressing climate change is a potential path towards a more equitable economy with increased employment and widespread financial security for all.”
As the renewable revolution gathers a pace, the oil industry has launched yet another PR offensive trying to rebrand fossil fuels as sustainable.
Looking for something great to do on Saturday? All of us here at Oil Change urge you to join the National Day of Action for Green Jobs. Its a perfect way to address the crises in both our economy and our ecology at the same time. Green Jobs Now is a National Day of Action … Read More