Tag: energy

Fossil fuel companies continue down dangerous path

By DENNIS MEREDITH Even as climate advocates call for eliminating fossil fuels, companies continue to launch major production plans. Earlier this year, for example, President Joe Biden’s administration approved the $8 billion Willow project on Alaska’s North Slope, which is expected to yield some 600 million barrels of oil over three decades. And last month, ExxonMobil announced a nearly $60 billion… Read More Fossil fuel companies continue down dangerous path

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World Bank spent billions of dollars backing fossil fuels in 2022, study finds

The World Bank poured billions of dollars into fossil fuels around the world last year despite repeated promises to refocus on shifting to a low-carbon economy, research has suggested. The money went through a special form of funding known as trade finance, which is used to facilitate global transactions. Urgewald, a campaign group that tracks global fossil… Read More World Bank spent billions of dollars backing fossil fuels in 2022, study finds

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Climate nihilism in the USA

By SABRINA HAAKE Anyone who watched the first Republican presidential debate last week watched the candidates — minus Donald Trump, of course —punt on climate. Ron DeSantis, who angrily deflected the issue, has called climate change “left-wing stuff,” while Vivek Ramaswamy exuberantly declared that “climate change is a hoax.” Nikki Haley, whose debate performance was otherwise borderline-reasonable, thinks the U.S.… Read More Climate nihilism in the USA

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G20 poured more than $1tn on fossil fuel subsidies despite Cop26 pledges – report

The G20 poured record levels of public money into fossil fuels last year despite having promised to reduce some of it, a report has found Ajit Niranjan The amount of public money flowing into coal, oil and gas in 20 of the world’s biggest economies reached a record $1.4tn(£1.1tn) in 2022, according to the International… Read More G20 poured more than $1tn on fossil fuel subsidies despite Cop26 pledges – report

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70 Years ago, the CIA overthrew the government of Mosaddegh in Iran. Washington has been Complaining about Iran ever Since

(Special to Informed Comment: Feature) – On August 19, seventy years ago, the legitimate government of Dr. Mohammad Mossadegh was toppled in a coup jointly orchestrated by U.S. and British intelligence agencies and their Iranian collaborators.  This article was first published in Persian in Iran in the journal Iran-e-Farda in February 1981.  Every year, on the… Read More 70 Years ago, the CIA overthrew the government of Mosaddegh in Iran. Washington has been Complaining about Iran ever Since

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Yemen: UN removes 1m barrels of oil from tanker to avert environmental catastrophe

The transfer of more than 1 million barrels of oil from an ageing tanker moored off the coast of war-torn Yemen has been completed, avoiding an environmental disaster, the UN has said. In a statement on Friday, Farhan Haq, the deputy spokesperson for UN secretary general António Guterres, said the operation had prevented a “monumental environmental and… Read More Yemen: UN removes 1m barrels of oil from tanker to avert environmental catastrophe

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Bernie Sanders says Big Oil must pay for ‘extraordinary damage it has caused’

Jake Johnson Sen. Bernie Sanders on Thursday reiterated his call for the Biden Justice Department to take legal action against the fossil fuel industry, arguing that oil companies have violated a range of federal laws in their campaigns to mislead the public about climate change. “Like the tobacco industry before them, the fossil fuel companies’ actions represent… Read More Bernie Sanders says Big Oil must pay for ‘extraordinary damage it has caused’

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How Big Oil is Manipulating the Way You Think About Climate Change

NB: To begin with, its global warming, not ‘climate change’, the term is itself an example of Orwellian manipulation. DS By Kathleen Dean Moore / Salon In medieval times, gamekeepers trained dogs to the hunt by setting them on the trail of a dead rabbit they had dragged through the forest. Once the dogs were baying… Read More How Big Oil is Manipulating the Way You Think About Climate Change

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The world’s biggest banks are still pouring money into fossil fuels

Nicole Goodkind, CNN Banks have pledged to go green, but last year they poured billions of dollars into expanding the capacity of fossil fuel production despite the accelerating climate crisis. Banks provided $673 billion to finance the fossil fuel industry last year, even as oil and gas companies made $4 trillion in profits, according to the annual Banking on… Read More The world’s biggest banks are still pouring money into fossil fuels

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