Tag: fossil fuels
“We cannot let ourselves become distracted from the environmental crises that our world—our home—is facing…”
Why vague commitments by fossil fuel corporations to “zero out” carbon emissions don’t add up.
“The coal industry is the first to fall, and it’s falling hard. But they’re fighting much harder in the face of that. They’re fighting like a trapped raccoon in the corner.”
“This is a really key and important time to ensure those bailouts are not used to extend the lives of these companies, but instead are able to potentially take them into public ownership and then ensure that they aren't shedding worker commitments or community commitments or environmental commitments.”
"He may want voters to believe that boom times are just around the corner, but even before COVID-19, global investors and central bankers were warning that the smart money is moving out of fossil fuels."
As the crisis sweeps over the fossil fuel industry, the desperate calls for government help are dividing erstwhile allies.
In this new decade, the climate emergency is clearer than ever, with emissions cuts of almost 5 percent necessary by 2030.