BC’s Coal Mining Has Failed to Deliver, Finds Report
Canadians beware. The promises made by metallurgical coal mining companies rarely match what they deliver in terms of jobs, revenue, production capacity, investment or tax
Energy featured
What Oil’s Troubles Mean to the Rest of Us
To the extent that stock prices reflect expectations of future value, investors don’t like the prospects for oil, and oil’s demise signals muted prospects for economic growth.
Internalizing Climate Risk
From ‘natural’ disasters causing property damage, to climate mitigation measures rendering fossil fuel assets unburnable, to potential impacts of climate change on agricultural production, energy, food, insurance, real estate, and other sectors, it’s clear that private sector companies and all kinds of investments stand to suffer significant losses as a consequence of climate change.
Low prices batter oil industry (and later the rest of us)
Low prices which seem felicitous now could foreshadow instability and trouble ahead. The world still depends on oil for about one-third of its energy needs.
Oil-backed trade group is lobbying the Trump administration to push plastics across Africa
A lobby group representing oil and chemical companies, including Shell, Exxon, Total, DuPont and Dow, has been pushing the Trump administration during the pandemic to use a US-Kenya trade deal to expand the plastic and chemical industry across Africa.
Greenwash
If someone is making money from oil, coal or gas but tries to persuade us that they are on our side on the climate crisis, and they’ve got a way to tackle it without stopping burning fossil fuels – that is greenwash.
Stranded Assets
Now, the warnings about stranded assets are converging with calls for companies and investors to apply ESG filters to their activities, and investors are demanding divestment from carbon-heavy assets.
Norway’s Supreme Court to Decide on Climate Lawsuit Challenging Offshore Arctic Oil Drilling
The Supreme Court of Norway is set to rule in a high-profile climate change lawsuit challenging the Norwegian government’s licensing of new offshore oil drilling in the fragile and rapidly warming Arctic region.
IEA: Wind and solar capacity will overtake both gas and coal globally by 2024
Wind and solar capacity will double over the next five years globally and exceed that of both gas and coal, according to a new International Energy Agency (IEA) report.
Solar is now ‘cheapest electricity in history’, confirms IEA
The world’s best solar power schemes now offer the “cheapest…electricity in history” with the technology cheaper than coal and gas in most major countries.
A response to Pollin and Chomsky: We need a Green New Deal without growth
We cannot let ourselves be dragged into framing our aspirations for a better world in the language of growth, for it immediately traps us within the logic of capital; and on that terrain we will lose.
Net-zero emissions by 2050: Leadership or climate colonialism?
In Lewis Carroll’s words: “If you don’t know where you are going, any road will get you there.”
But we do know: it is net-zero emissions by 2030, not 2050.
