Tag Archives: Oil

Shareholders Target Wall Street Banks With ‘Groundbreaking’ Climate Resolutions

“Investors are saying we can’t conduct business in a world that is on fire, that has heatwaves and insufficient water. And I do think companies are beginning to understand that it’s in their interest to take action.”

By Brett Wilkins  Published 4-26-2022 by Common Dreams

Protest outside the Bank of America shareholder meeting on April 25, 2022. Photo: drew hudson #1u/Twitter

A significant percentage of shareholders at three of the biggest U.S. banks voted Tuesday to endorse first-of-their-kind resolutions urging the companies to stop supporting new fossil fuel development amid a worsening climate emergency.

Shareholders at Citi, Bank of America, and Wells Fargo voted 12.8%, 11%, and 11%, respectively, to support climate resolutions filed by the Sierra Club Foundation and other members of the Interfaith Center on Corporate Responsibility. According to the Sierra Club, any resolution that receives at least 5% of the vote can be refiled the following year, and those that get 10% or more are “considered difficult for a company to ignore.” Continue reading

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Rallies Held Across US for ‘Climate, Care, Jobs, and Justice’

“The president and Congress must protect our planet and the people who call Earth home—now.”

By Kenny Stancil  Published 4-23-2022 by Common Dreams

SEIU executive vice president Gerry Hudson speaks at the “Fight for Our Future” rally in Washington, D.C. on April 23, 2022. (Photo: Adrien Salazar/Twitter)

Scores of people in communities around the United States took to the streets on Saturday to demand swift and bold legislative and executive action to tackle the fossil fuel-driven climate crisis as well as skyrocketing inequality.

At “Fight for Our Future” rallies held in Washington, D.C., Phoenix, Atlanta, and more than 40 additional cities across the country, the message was simple: Time is running out for Congress and President Joe Biden to make the bold investments needed to create millions of unionized clean energy and care sector jobs that can simultaneously mitigate greenhouse gas pollution along with economic and racial injustice. Continue reading

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US Mobilization Planned to Demand ‘Livable, Just, and Healthy Planet for All’

“We’ve already waited too long to enact reforms that address this climate emergency,” said the co-executive director of the Center for Popular Democracy. “Our federal government must act now.”

By Jessica Corbett  Published 4-21-2022 by Common Dreams

The Climate Strike and march in Pittsburgh on 9/24/21. Photo: Mark Dixon/flickr/CC

Over 20 advocacy organizations are planning a nationwide “Fight for Our Future” mobilization for Saturday to demand climate action from the Biden administration and Congress.

On the heels of Earth Day, demonstrators plan to gather in Washington, D.C., and communities across the United States to reiterate the necessity of pursuing bold policies to combat the fossil-fueled planetary emergency, citing the Intergovernmental Panel on Climate Change (IPCC) report released earlier this month. Continue reading

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Biden Takes ‘Critical First Step’ to Fix Landmark Environmental Law Gutted by Trump

“The Biden administration cannot stop here,” said one advocate, calling on the White House “to ensure we tap NEPA’s full potential to address the unprecedented environmental challenges we face now.”

By Jessica Corbett  Published 4-19-2022 by Common Dreams

While welcoming the White House’s move Tuesday to repair some of the damage that the Trump administration did to a federal law known as “the Magna Carta of environmental legislation,” green groups also urged President Joe Biden to go even further.

The White House Council on Environmental Quality (CEQ) finalized its “phase 1” rule for the National Environmental Policy Act (NEPA), reaffirming that federal agencies reviewing infrastructure projects such as highways and pipelines must consider all relevant environmental impacts, including those that are climate-related. Continue reading

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Rebellious Climate Scientists Have Message for Humanity: ‘Mobilize, Mobilize, Mobilize’

In face of the “escalating climate emergency,” the advocacy group Scientist Rebellion warns that IPCC summary to global policymakers remains “alarmingly reserved, docile, and conservative.”

By Kenny Stancil  Published 4-6-2022 by Common Dreams

Scientists in the Netherlands blocked an entrance to the Ministry of Economic Affairs and Climate Policy in The Hague on Wednesday, April 6, 2022. (Photo: Scientist Rebellion / @ScientistRebel1)

Amid a weeklong global civil disobedience campaign to demand climate action commensurate with mounting evidence about the need for swift decarbonization, Scientist Rebellion is highlighting specific gaps between what experts say is necessary and what governments allowed to be published in a summary of the United Nations’ latest climate assessment.

The landmark report on mitigation by Working Group III of the Intergovernmental Panel on Climate Change (IPCC)—part of the U.N.’s sixth comprehensive climate assessment since 1992 and possibly the last to be published with enough time to avert the most catastrophic consequences of the planetary crisis—was compiled by 278 researchers from 65 countries. Continue reading

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‘Climate Revolution’: Scientists Launch Global Civil Disobedience Campaign

“Scientist Rebellion will be on the streets between April 4th and 9th, acting like our house is on fire,” said organizers. “Because it is.”

By Julia Conley  Pubished 4-4-2022 by Common Dreams

Scientists hold a sign reading, “Climate Revolution Or We Will Lose Everything” at a rally. This week, scientists around the world will occupy universities to demand a “Climate Revolution” following the release of the latest report by the Intergovernmental Panel on Climate Change. (Photo: Twitter/@ScientistRebel1)

Scientists from around the world on Monday mobilized to demand a “Climate Revolution,” holding rallies and staging acts of civil disobedience with the goal of making the planetary emergency “impossible to ignore.”

With a kick-off timed to coincide with Monday’s release of the latest report from the Intergovernmental Panel on Climate Change (IPCC), researchers across the globe this week will participate in the Scientist Rebellion, staging strikes and occupations at universities, research institutes, and scientific journals to demand that the community speak out forcefully against continued fossil fuel emissions to highlight “the urgency and injustice of the climate and ecological crisis.” Continue reading

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Western hypocrisy: What Joe Biden gets wrong about Russia

Those in the Middle East know the kind of destruction seen in Ukraine all too well – the West was the perpetrator

By Paul Rogers  Published 4-2-2022 by openDemocracy

Photo: U.S. Secretary of Defense/flickr/CC

Vladimir Putin’s assault on Ukraine remains in a violent stalemate. Russian forces are pausing their attempts to occupy Kyiv, having withdrawn some of their forces from around the capital, but a major retreat is highly unlikely given Russia is recruiting several thousand mercenaries from Syria.

The Kremlin’s strategy now is to concentrate on overrunning the southern Ukraine port city of Mariupol, before joining up Russian forces in Crimea with those in Donbas to take control of as much of the region as possible. Continue reading

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As Consumers Pay, Oil CEOs Refuse to Testify to Congress About Soaring Prices

“While Americans struggle with high gas prices, these companies are doing victory laps, showering their already wealthy executives and shareholders with billions in stock buybacks and bonus compensation,” said one watchdog group. “They should be ashamed.”

By Julia Conley  Pubished 3-29-2022 by Common Dreams

Photo: Joel Kramer/flickr/CC

As people across the United States face record-high gas prices—compounded by rising grocery bills and prices for other essentials—executives at three major oil companies are refusing to testify before Congress about what their firms could do to lessen the burden on U.S. households, leaving Democratic lawmakers and consumer advocates to condemn the companies for profiting amid lower and middle-class people’s financial pain.

Rep. Raúl M. Grijalva (D-Ariz.), who chairs the House Natural Resources Committee, had invited the CEOs of EOG Resources Inc., Devon Energy Corp. and Occidental Petroleum Corp. to testify next week, only to be rebuffed Tuesday by the executives, who have personally profited off gas prices which averaged $4.24 per gallon on Monday. Continue reading

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‘Disastrous News’: Widespread Bleaching of Great Barrier Reef Underway

“This is a sure sign that climate change caused by burning coal, oil, and gas is threatening the very existence of our reef,” said one campaigner.

By Andrea Germanos.  Published 3-18-2022 by Common Dreams

Bleached branching coral at Heron Island, Great Barrier Reef. Photo: J. Roff/Wikimedia Commons/CC

An assessment of the Great Barrier Reef’s health released Friday reveals widespread bleaching of the world’s largest coral organism, sparking fresh demands for the Australian government to ditch fossil fuels and finally commit to protecting both the UNESCO site and planetary health.

“While not yet officially declared a mass bleaching event, this is still disastrous news for our reef, the marine life, and communities that rely on its health,” said Dr. Lissa Schindler, Great Barrier Reef campaign manager with the Australian Marine Conservation Society (AMCS).

The March 18 update from the Great Barrier Reef Marine Park Authority suggests a fourth major bleaching event since 2016 is underway and points to warmer than average sea surface temperatures—0.5−2°C above average throughout the park, with some areas ranging 2−4°C above average.

“Bleaching has been detected across the marine park—it is widespread but variable, across multiple regions, ranging in impact from minor to severe,” the assessment states.

“Most observations of bleaching have been of paling or fluorescing,” the update continues, “but several locations have whole colonies bleached white”—a status “consistent with the patterns of heat stress experienced on the reef this summer.”

Of particular note, say reef defenders, is that the widespread bleaching comes during a La Niña year, which can help cool waters.

“This is a sure sign that climate change caused by burning coal, oil, and gas is threatening the very existence of our reef,” declared Greenpeace Australia Pacific climate impacts campaigner Martin Zavan.

According to bleaching expert Prof. Terry Hughes, “Corals on the Great Barrier Reef are not supposed to bleach in cooler La Niña summers. 2022 is a first, thanks to anthropogenic heating.”

Hughes also pointed to the marine park authority’s aerial surveys that “reveal (so far) a footprint of mass bleaching similar to 2017, when the central 500km region was hardest hit.”

“How many more maps will it take to trigger real reductions in greenhouse gas emissions?” he asked.

The right-wing government of Prime Minister Scott Morrison has faced sustained criticism from climate campaigners for doubling down on fossil fuel projects amid the planetary emergency. The prime minister also drew sharp criticism last year after launching a successful lobbying effort to keep the reef off a list of World Heritage Sites considered “in danger.” Reporting earlier this month that the Australian government pushed for the Intergovernmental Panel on Climate Change to soften its assessment of the reef being “in crisis” sparked additional criticism.

In a lengthy Twitter thread Friday, Greenpeace Australia Pacific CEO David Ritter debunked Morrison’s claims of having protected the reef and pointed to the government’s multiple climate failures.

“Preserving the reef would require clear and meaningful climate action, like a meaningful net-zero plan and a moratorium on new coal, oil, and gas projects,” said Ritter. “Instead, Australia was recently ranked last out of 170 nations for climate action.”

Ritter also noted that last year his group “delivered legal notice directly to Scott Morrison [and] advised he is in breach of his World Heritage Treaty obligations to protect the reef.”

“So, it’s time to cut the crap,” he added. “We know the reef is in danger, but we also know how to protect it.”

Addressing the prime minister, Ritter said, “Do your job to safeguard Australians and our magnificent natural heritage, by speeding up our transition to clean energy and urgently phasing out fossil fuels.”

The update was released just days before UNESCO’s reef monitoring mission begins.

AMCS’s Schindler said that the mission delegates must “witness the severity and widespread nature of this devastating event and while out there the Morrison government should explain to the mission why they continue to approve and cut red tape for fossil fuel projects.”

This work is licensed under Creative Commons (CC BY-NC-ND 3.0). 
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Biggest Oil Giants Made ‘Eye-Popping’ $205 Billion in Profits in 2021: Report

Now, fossil fuel giants are trying to “cash in on inflation and the crisis in Ukraine,” said one critic.

By Kenny Stancil.  Published 3-15-2022 by Common Dreams

Photo: Thomas | Mutch Games/Twitter

While millions of working people have been hurt by surging gas prices, a new analysis out Tuesday shows that 25 of the world’s biggest fossil fuel corporations collectively pulled in an “eye-popping” $205 billion in profits last year—and Big Oil is exploiting Russia’s war on Ukraine to charge even more at the pump in 2022 and advance its financial interests.

According to a new report from government watchdog Accountable.US, top oil and gas companies took “full advantage” of last year’s sky-high prices and record profits. Fourteen firms rewarded shareholders with more than $35 billion in stock buybacks and dividend bumps. Continue reading

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