Last year the world’s leading climate scientists, the IPCC, issued a “code red” for humanity and outlined how we had to stop oil and gas drilling if we wanted a liveable future. But still we drill. Take three countries who like to see themselves as climate leaders…
Despite the warnings for years that we cannot burn new reserves of oil if we want a liveable climate, the West’s top nine oil majors alone are sitting on more than 28 billion barrels of oil equivalent of undeveloped resources. Much of this could end up going from being an asset to a liability, just as many predicted.
A new analysis from Bailoutwatch concludes that “fossil fuel companies participated in the government’s Paycheck Protection Program to bail out small businesses at far higher rates than companies in other key sectors”.
The political system is broken. There may be tens of millions people demanding a just transition, but we live in a system of embedded cronyism, that rewards people closest to those in power.
António Guterres, the Secretary-General of the United Nations, opened this year’s climate change talks with a rousing speech, stating: “Do we really want to be remembered as the generation that buried its head in the sand, that fiddled while the planet burned?”
This weekend two remarkable parallel events happened in a building in the gardens of the Vatican, where hundreds of years ago Galileo was condemned.