Category: Climate Crisis

  • ExxonMobil Plans to Keep an Entire Generation on the Hook for Its Climate Destruction

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    Original article by Allie Lindstrom republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

    ExxonMobil CEO Darren Woods sits during testimony before the U.S House Committee on Oversight and Reform on October 28, 2021.  (Photo: Screenshot/C-SPAN)

    Public pensions must exit Exxon to protect workers’ savings and retirement.

    It is no secret that ExxonMobil poses some of the most powerful opposition to climate action at every level of government. Environmentalists have long pointed out that Exxon Knew about climate change, and instead of pivoting their business model to a more sustainable energy future, buried the evidence and began a decades-long disinformation campaign.

    Leaders across the country have wisened up to the oil major’s dirty politics, which is why the House Oversight Committee has been investigating Exxon and its peers, and state attorneys general have sued the company for damages. Most recently, California AG Rob Bonta, alongside environmental organizations like the Sierra Club, sued the company for lying to the public about the recyclability of plastics.

    If the tide is turning against Exxon, why haven’t investors caught on?

    Unrestricted funding for companies engaged in fossil fuel expansion threatens workers’ right to dignified retirement safety, a right that unions have fought hard to win.

    ExxonMobil sparked headlines and investor outrage this spring when the company sued its own shareholders over a climate-related shareholder resolution. Public pensions representing trillions in worker savings across the country pushed back and mounted a vote-no effort against CEO Darren Woods and Director Joseph Hooley, but Wall Street asset managers watered down their efforts instead offering unwavering support of Exxon.

    To add insult to injury, Woods made an appearance at the Council of Institutional Investors—a nonprofit dedicated to advocating for the investor rights of public, union, and private employee benefit funds—in September. There, he promised to continue to crack down on “extreme” investors who are concerned that the company’s business model has loaded the economy with systemic financial risks and instability. Never mind that such a definition of extreme would describe many of the institutions present, which represent over 15 million workers and $5 trillion in assets under management.

    But perhaps most indicative of ExxonMobil’s commitment to business-as-usual pollution is the bonds they’ve issued this fall, with a maturity date of 2074.

    These long-dated bonds represent unrestricted funds for ExxonMobil to continue to pursue fossil fuel expansion and plastic pollution well past most of the world’s—and investors’—Net Zero by 2050 goals. This is an especially risky gamble for investors with long-term obligations, including public pension funds that manage millions of workers’ retirement savings.

    Not only is the future of oil and gas uncertain, but prolonged pollution wrought by disinformation and investor cash increases economy-wide systemic risks. Investors—and the everyday people who rely on institutions to manage their savings—will be left holding the purse strings as climate change wreaks havoc. Moreover, bond ownership does not come with the shareholder rights investors hope to use to influence company behavior. This gives Exxon complete freedom to use the funds however it wishes, even if that’s out of alignment with investor interests.

    This increasing risk is why we joined California Common Good and pension beneficiaries to testify during a recent CalPERS Board meeting to ask CalPERS to issue a moratorium on purchasing Exxon bonds.

    The Sierra Club represents millions of members, many of whom are saving for retirement in the face of an uncertain future and working tirelessly to protect the communities and places they love. Whether relying on a public pension plan or a private asset manager, our members rely on investment professionals to keep their futures in mind. Unrestricted funding for companies engaged in fossil fuel expansion threatens workers’ right to dignified retirement safety, a right that unions have fought hard to win. That’s why we call on investors, particularly public pension funds, to refuse to participate in Exxon’s bond issuances.

    Original article by Allie Lindstrom republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

    From Your Site Articles

    Experienced climbers scale a rock face near the historic Dumbarton castle in Glasgow, releasing a banner that reads “Climate on a Cliff Edge.” One activist, dressed as a globe, symbolically looms near the edge, while another plays the bagpipes on the shores below. | Photo courtesy of Extinction Rebellion and Mark Richards
    Experienced climbers scale a rock face near the historic Dumbarton castle in Glasgow, releasing a banner that reads “Climate on a Cliff Edge.” One activist, dressed as a globe, symbolically looms near the edge, while another plays the bagpipes on the shores below. | Photo courtesy of Extinction Rebellion and Mark Richards
    Orcas comment on killer apes destroying the planet by continuing to burn fossil fuels. Second version, corrected text.
    Orcas comment on killer apes destroying the planet by continuing to burn fossil fuels. Second version, corrected text.
  • Greta Thunberg on COP29’s death sentence, false solutions and empty promises

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    Greta Thunberg was detained by police in The Hague along with other climate protesters. Photograph: Peter Dejong/AP
    Greta Thunberg was detained by police in The Hague along with other climate protesters. Photograph: Peter Dejong/AP

    COP29 is coming to an end.

    Posted on X by Greta Thunberg. I’ve had difficulies embedding X for a week or two.

    As the COP29 climate meeting is reaching its end, it should not come as a surprise that yet another COP is failing. The current draft is a complete disaster. But even if our expectations are close to non-existent, we must never ever find ourselves reacting to these continuous betrayals with anything but rage.

    The people in power are yet again about to agree to a death sentence to the countless people whose lives have been or will be ruined by the climate crisis. The current text is full of false solutions and empty promises. The money from the Global North countries needed to pay back their climate debt is still nowhere to be seen.

    Those in power are worsening the destabilisation and destruction of our life supporting ecosystems. We are on track to experience the hottest year ever recorded, with the global greenhouse gases reaching an all time high just last year.

    The COP processes aren’t just failing us, they are part of a larger system built on injustice and designed to sacrifice current and future generations for the opportunity of a few to keep making unimaginable profits and continue to exploit planet and people.

    With every negotiation, with every speech made by a world leader and with every agreement they sign, it becomes clear that it is up to us as a global collective to take the action we so desperately need and show where the leadership truly lies. They are not going to do it for us, as this COP29 yet again proves.

  • Eight times more children will face extreme heatwaves by 2050s, Unicef says

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    Experienced climbers scale a rock face near the historic Dumbarton castle in Glasgow, releasing a banner that reads “Climate on a Cliff Edge.” One activist, dressed as a globe, symbolically looms near the edge, while another plays the bagpipes on the shores below. | Photo courtesy of Extinction Rebellion and Mark Richards
    Experienced climbers scale a rock face near the historic Dumbarton castle in Glasgow, releasing a banner that reads “Climate on a Cliff Edge.” One activist, dressed as a globe, symbolically looms near the edge, while another plays the bagpipes on the shores below. | Photo courtesy of Extinction Rebellion and Mark Richards

    https://www.theguardian.com/global-development/2024/nov/20/children-extreme-heatwaves-2050s-un

    Without action on climate crisis, far greater numbers will also experience floods, wildfires and droughts, according to report

    Eight times as many children around the world will be exposed to extreme heatwaves in the 2050s, and three times as many will face river floods compared with the 2000s if current trends continue, according to the UN.

    Nearly twice as many children are also expected to face wildfires, with many more living through droughts and tropical cyclones, according to the annual state of the world’s children report.

    …

    The report, released on Wednesday, World Children’s Day, forecasts how the climate crisis, demographic shifts (sub-Saharan Africa and south Asia are projected to have the largest child populations in the 2050s) and breakthrough technologies will affect children’s lives in the future.

    The report said technologies such as artificial intelligence (AI) will bring benefits and risks to children, who are already interacting with AI embedded in apps, games and learning software. The digital divide remains stark, however. In 2024, almost 95% of people in high-income countries are connected to the internet, compared with about 25% in low-income countries.

    “Children are experiencing a myriad of crises, from climate shocks to online dangers, and these are set to intensify in the years to come,” said Catherine Russell, Unicef’s executive director. “The decisions world leaders make today – or fail to make – define the world children will inherit … Decades of progress, particularly for girls, are under threat.”

    Much of the emphasis of the report is on the impact of the climate crisis on children, nearly half of whom (approximately 1 billion) live in countries that face a high risk of environmental disasters. Even before they take their first breath, children’s brains, lungs and immune systems are susceptible to pollution, disease and extreme weather. As they grow, their education, nutrition, safety, security and mental health are shaped by the climate and environment.

    …

    https://www.theguardian.com/global-development/2024/nov/20/children-extreme-heatwaves-2050s-un

    Greenpeace activists display a billboard during a protest outside Shell headquarters on July 27, 2023 in London.
    Greenpeace activists display a billboard during a protest outside Shell headquarters on July 27, 2023 in London. (Photo: Handout/Chris J. Ratcliffe for Greenpeace via Getty Images)

  • Climate Science Deniers Use Farmers’ Protests to Attack Net Zero

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    Original article by Adam Barnett and Joey Grostern republished from DeSmog.

    Jeremy Clarkson spreads well-worn conspiracy theory that casts inheritance farm tax policy as plot to “replace farmers with migrants”.

    A network of conspiracy theorists has jumped on the inheritance tax debate to fuel an anti-green “culture war”, experts say.

    Thousands of farmers demonstrated in Westminster on Tuesday against the Labour government’s plans to remove an inheritance tax exemption on agricultural assets, with tractors blocking roads outside parliament. 

    The policy, which raises inheritance tax on farms worth more than £1 million to 20 percent from April 2026, has been criticised by the National Farmers’ Union (NFU), the Conservative Party, the Liberal Democrats, The Green Party and others, with disputes about how many farms will be affected. 

    But social media analysis by DeSmog shows how the protests have also been exploited by a number of high-profile individuals and groups, spreading conspiracy theories about a left-wing government plot to take away people’s freedoms under the guise of climate action. 

    These include TV presenter Jeremy Clarkson, who has repeatedly cast doubt on the role of human-caused greenhouse gas emissions on climate change. The campaign group ‘No Farmers, No Food’, which has spread false claims about governments forcing people to “eat bugs”; the Together Declaration, which has cast doubt on the safety of life-saving Covid-19 vaccines; and Reform UK, the anti-immigration party which campaigns to “scrap net zero” and open new coal mines, were all active at the protest.

    The protests have also attracted the attention of international commentators, among them Donald Trump ally Elon Musk, who shared a Guardian column defending the policy, adding: “Britain is going full Stalin.” Musk is increasingly commenting on UK politics, posting during the summer’s far-right riots: “Civil war is inevitable.” 

    DeSmog has contacted Clarkson, NFNF and Together for comment.

    Conspiracy Theories

    Jeremy Clarkson, who presents the “Clarkson’s Farm” documentary series, was a celebrity speaker at the protests, calling for Labour to “back down” on the policy and receiving widespread media attention. In a column for The Sun newspaper on 8 November, Clarkson described Labour’s centre-left chancellor Rachel Reeves as “an admirer of communists”. 

    He wrote: “I’m becoming more and more convinced that Starmer and Reeves have a sinister plan. They want to carpet bomb our farmland with new towns for immigrants and net zero windfarms. But before they can do that, they have to ethnically cleanse the countryside of farmers.”

    The comments echo alarmist claims made in the Netherlands since 2019 that the government is using green policies to take land from farmers in order to house asylum seekers. Far-right parties have won major election victories in the country in part thanks to the public anger expressed in farmers’ protests.   

    Clarkson has commented on farmers’ protests in the Netherlands and Germany. In January he wrote a piece for The Times titled: “Apparently it’s far-right to grow food.” DeSmog has reported on how farmers’ protests on a range of issues have been “hijacked” and blamed on green policies. 

    Clarkson’s claims also echo the “Great Reset”, a post-Covid conspiracy theory which claims that the World Economic Forum (WEF) and other international “elites” are using green policies to impose a socialist dictatorship on the world.  

    These claims have also been promoted by ‘No Farmers, No Food’ (NFNF), a campaign group which had a significant presence at Tuesday’s protests.

    As DeSmog reported in February, the group is run by PR executive and GB News pundit James Melville and backed by the Together Declaration, a climate denial and conspiracy theory group set up in 2021 to oppose Covid-19 lockdowns. 

    In January, NFNF shared a post on X which said: “Farmers stand between us and WEF’s desire for us to ‘EAT BUGS, own nothing and be happy’.” The same month, Melville shared a post which read: “Farmers across Europe are mass protesting the globalists trying to crush them. Between Bill Gates, the CCP [Chinese Communist Party] & the WEF, we’re going to have no private farmland left. They want you eating bugs.”

    Earlier this week Melville posted that “farmers are the lightning rod in so many key battles that determine our way of life”, including “the net zero debate”. He added: “It’s probably the most important fight for the very fabric of British society right now.”

    Clarkson has also written columns in The Sun this month attacking Labour’s energy policies and mocking prime minister Keir Starmer’s attendance at COP29, the UN climate summit taking place in Azerbaijan, as “virtue signalling” and “a complete waste of time”.  

    In 2021, Clarkson told the Sunday Times that he bought his £4.25 million farm, Diddly Squat, in order to avoid paying inheritance tax. When asked about this by the BBC at the protest on Tuesday, he said the question was “classic BBC”, and that the real reason was that he wanted to “shoot pheasants”. 

    Anti-Net Zero Agenda

    Attending the protests was Alan D Miller, a businessman who founded the Together Declaration in August 2021. At Tuesday’s protest he was photographed alongside Clarkson, who was holding a placard which read: “With Our Farmers #Together”. 

    Miller posted a video of himself on GB News on X with the caption: “the obsession with net zero has far too much virtue signalling & far too little open honest transparent debate.”

    As DeSmog reported in May, research by the cross-party think tank Demos found that Together was responsible for all online posts attacking low-traffic neighbourhoods (LTNs) in 2023. In the same year, the group published an open letter which said, “We have no confidence in the process for ensuring ongoing safety of the Covid-19 vaccines”.

    In 2023, Together also launched its “No to Net Zero” campaign which attacked the premise and implementation of net zero, saying that the targets are based on “wildly exaggerated fears about the future” and that “modern industry and farming are not what is killing us, it is what is keeping us alive.”

    The farmers’ protest was supported by Ben Pile, Together’s “cabinet member for net zero”, who posted on X that farmers should “please remember that no part of the UK’s green agenda is your friend. All of it is intended to deprive you of your livelihood, one way or another. That is its design.”

    Pile is a climate crisis denial blogger who has falsely claimed that “the evidence for anthropogenic climate change is neither as strong nor as demanding of action as is widely claimed”.

    This wing of the farmers’ protest was also supported by Reform UK, the right-wing populist party led by Nigel Farage MP. In a post on X, the party’s official account, used the NFNF slogan: “All the Reform MPs are at today’s farmers protest in Westminster. We are sending a message. No farmers, no food.”

    A YouGov poll published this week found that just one in three Reform voters believe in man-made climate change.

    Farage was also interviewed by Miller at the demonstration. In a video posted on X by Together, Farage called for similar farmers’ protests “in every market town in the country” and warned that these policies could cost Labour 100 seats in parliament. 

    Culture War

    Labour has staunchly defended the inheritance tax plans, which it says will affect only 500 of the UK’s 209,000 farms.

    Environment secretary Steve Reed said it was “only right” to ask the “wealthiest landowners and the biggest farms to pay their fair share”, citing the “£22 billion fiscal hole” inherited from the Conservative government.

    However, Tom Lancaster, a land, food and farming analyst at the Energy and Climate Intelligence Unit (ECIU), argues that the policy is likely to do more harm than good. 

    “The risk of this tax reform is that it distracts from the government’s climate and nature objectives, angering the very farmers we need to deliver these goals,” he told DeSmog. 

    “It’s hard to argue that the long-term costs of damaging their relationship with farmers to such an extent is worth the relatively small amount of money that it will raise, and it is also clear that in rushing the reform, they have missed an opportunity to use APR [Agricultural Property Relief] to further wider aims on the environment and tenancy reform.”

    He added that the policy had been helpful for political opportunists. “The way these reforms have been handled – sprung on farmers after all the signals were to leave the reliefs alone – is also a gift to those who would seek to ferment a culture war in farming,” he said.

    “There is nothing so appealing to a culture warrior as a betrayal narrative, and this gives them that on a plate.”

    Additional reporting by Clare Carlile

    Original article by Adam Barnett and Joey Grostern republished from DeSmog.

  • Rich countries slammed at Cop29 for spending more on wars and weapons than preventing climate change

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    https://morningstaronline.co.uk/article/rich-countries-slammed-cop29-spending-more-wars-and-weapons-preventing-climate-change

    A lifeguard hut rests on its side after Hurricane Milton, October 11, 2024, at Clearwater Beach, Fla.

    RICH countries received strong criticism at the Cop29 conference in Azerbaijan today for wanting to spend more on wars and weapons than on preventing climate change.

    “Global military spending stands at $2.5 trillion (£1.9trn) annually,” Panamian climate envoy Juan Carlos Monterrey Gomez told delegates at the faltering annual talks sponsored by the United Nations.

    “For some, $2.5trn dollars to kill each other, it’s not enough, but $1trn to save lives is unreasonable.”

    “Causing our own extinction is the most ridiculous thing. At least the dinosaurs had an asteroid. What is our excuse?”

    Palestinian Environment Quality Authority chairwoman warned that Israel is committing “ecocide” after over a year of bombardments in Gaza.

    “Protection of the environment is actually not an ancillary issue, it is not a secondary option, it is a basic right that is related to all of us as human beings,” she said.

    …

    Brazilian President Luiz Inacio Lula da Silva urged developed nations to consider moving their 2050 emission goals forward to 2040 or 2045.

    “The G20 is responsible for 80 per cent of greenhouse-effect emissions,” he said. “Even if we are not walking the same speed, we can all take one more step.”

    Meanwhile, a new scientific study has found that climate change has made Atlantic hurricanes about 18mph stronger in the last six years.

    …

    https://morningstaronline.co.uk/article/rich-countries-slammed-cop29-spending-more-wars-and-weapons-preventing-climate-change