Tag Archives: COP26

House Dems Unveil Bill to Stop Wall Street From Destroying the Planet

“The Federal Reserve’s role is not to surrender our planet to corporate polluters and shepherd our financial system to its destruction,” said Rep. Rashida Tlaib, among the Democrats urging the Fed to end fossil fuel financing.

By Kenny Stancil, staff writer for Common Dreams.  Published 9-15-2021

The Marathon Oil refinery in St. Paul Park, MN. Photo: Tony Webster/Wikimedia/CC

Progressives on Wednesday applauded Democratic Reps. Mondaire Jones, Ayanna Pressley, and Rashida Tlaib for unveiling a bill that would prevent Wall Street from continuing to bankroll fossil fuels, the primary driver of the climate emergency.

The Fossil Free Finance Act (pdf) would require the Federal Reserve to mandate, via regulation or guidance, that all banks and other financial insitutions with more than $50 billion in assets phase out the funding of coal, oil, and gas extraction as well as industries linked to deforestation, in accordance with science-based targets for slashing carbon pollution. Continue reading

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‘Red List of Threatened Species’: A Grim Tally of Those Facing Extinction

“It’s hard to watch the rise of nationalism in the face of a global threat that requires global cooperation, global action”

By Common Dreams.  Published 9-4-2021

Protesters demonstrate to demand action against the climate emergency on the sidelines of the International Union for Conservation of Nature (IUCN) congress. Photo: Martin Pigeon/Twitter

Of the 138,374 species assessed by the International Union for the Conservation of Nature (IUCN) for its survival watchlist more than 38,000 are now at risk of extinction, as the destructive impact of human activity on our planet deepens.

An update of the ‘Red List of Threatened Species’ was released Saturday morning. Continue reading

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‘Can Anybody Still Deny That We Are Facing a Dramatic Emergency?’ Asks UN Chief at Climate Summit

“If we don’t change course,” he warned, “we may be headed for a catastrophic temperature rise of more than 3 degrees this century.”

By Jessica Corbett, staff writer for Common Dreams. Published 12-12-2020

The Orroral Valley Fire viewed from Tuggeranong, Australia on the evening of January 20, 2020. Photo: Nick-D/CC

World leaders aren’t doing enough to address the human-caused climate crisis.

That seemed to be the main message of United Nations Secretary-General António Guterres’ speech on Saturday at the Climate Ambition Summit 2020, hosted by the U.N., the United Kingdom, and France in partnership with Chile and Italy to mark the fifth anniversary of the Paris agreement.

“Paris promised to limit temperature rise to as close to 1.5 degrees as possible. But the commitments made in Paris were far from enough to get there. And even those commitments are not being met,” Guterres said. “Carbon dioxide levels are at record highs. Today, we are 1.2 degrees hotter than before the industrial revolution. If we don’t change course, we may be headed for a catastrophic temperature rise of more than 3 degrees this century.” Continue reading

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