Tag: fossil fuel industry
As climate change intensifies and countries turn to clean energies, Big Oil will take increasingly desperate measures to survive.
“Shell’s 'comprehensive carbon management approach’ is yet another proof of the little interest that this polluting company has to reduce its emissions.”
“Grant Township has proven against all odds that a community is capable of stronger protections for the environment than state or federal governments.”
The OCC’s new rule could stunt divestment campaigns by requiring major banks to justify each individual decision to regulators using “quantitative, impartial risk-based standards established by the bank in advance.”
Since March 26, the United States government "provided between $10.4 billion and $15.2 billion in direct benefits to coal, oil and gas companies" and nearly $95 billion in indirect benefits.
The Group's commitment to a global climate action plan makes them the latest major financial institution along with Morgan Stanley and Barclays.
"Today more than ever we need to protect people and the planet, not polluters and their profits.
There’s no limit on how the new refunds can be used -- and even bankrupt firms can get them.