For years Big Oil has repeated the dirty tactics of Big Tobacco. And once again it has been found doing so again.
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.
There is no doubt we are at a historical moment with the industry in deep structural and financial trouble and where a post-COVID-19 recovery could see a radical shift away from oil and into a just transition into renewables. But will that happen?
Later today, the Senate is set to vote on an unprecedented $2 trillion bi-partisan stimulus package that is designed to try and prop up a creaking American economy, which has been brought to a juddering halt by the Coronavirus.
What America needs is a comprehensive vision for energy security, one that goes beyond fossil fuel independence. This plan should entail sustained investment in alternative fuel sources and technologies… If the United States really wants to be energy independent, it must look toward preparing for a post-oil future.”
“Having exhausted every other option”, the Green New Deal is “is the only kind of climate response that stands a chance of not going up in smoke.”
Minnesota’s new bill, which would stop the buildout of fossil fuel infrastructure, is a critical piece of the overall Green New Deal puzzle – in order to address climate climate crisis, we must be actively winding down the fossil fuel industry by stopping its expansion and phasing out existing infrastructure with an equitable transition.
You need to forget about Trump’s wall. Its what Trump is doing to the climate that matters. It is the effect Trump is having on our oceans that counts. Its what he is doing to the majestic glaciers of the world that is important.
“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.”
World leaders were quick to call the G20 Summit a success yesterday. Barack Obama hailed the summit “a historic turning point” in the pursuit of world economic recovery. Gordon Brown celebrated the “success”, saying it had announced the creation of a “new world order”. But do you ever get a sense of dreadful déjà vu?