Climate Groups Back Efforts to End Tens of Billions in Foreign Fossil Fuel Subsidies

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Scientists protest at UK Parliament 5 September 2023.
Scientists protest at UK Parliament 5 September 2023.

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

“This is the moment where OECD countries can turn their words into action,” said an Oil Change International strategist. “All eyes are on them, the world is watching. Immediate action is necessary.”

Over 250 climate groups from 30 countries published an open letter on Monday urging governments that endorsed a global pledge at the United Nations summit in Scotland two years ago to support new efforts to cut off subsidies for foreign fossil fuel projects.

The coalition letter came a day after the Financial Timesreported that the European Union and United Kingdom—which left the E.U. in 2020—have proposals to end subsidies for foreign gas, oil, and coal projects that they plan to discuss at a closed-door Organization for Economic Cooperation and Development (OECD) meeting in France next month.

“This is the moment where OECD countries can turn their words into action,” Oil Change International (OCI) strategist Nina Pusic said Monday. “Will they live up to the pledge most of them made in Glasgow in 2021 to end international public finance for fossil fuels at the OECD? All eyes are on them, the world is watching. Immediate action is necessary to align global financial flows with a habitable climate future, and this November represents a critical opportunity that we can’t afford to miss.”

According to the Financial Times:

People close to U.K. Export Finance, Britain’s credit agency, said that Canada had committed to backing the U.K.’s planned proposal to the OECD ahead of the meeting next month. Canada’s finance department said it “looked forward to working alongside like-minded partners at the OECD and in other international forums to grow and promote the clean economy around the world.”

The E.U. has submitted its own proposal, according to one person familiar with the matter, after member states agreed on a draft proposal last month, according to another person familiar. It did not provide a comment.

The coalition letter highlights that the 2021 Clean Energy Transition Partnership (CETP)—whose signatories agreed to align public finance institutions with the Paris agreement’s 1.5°C goal—is already shifting an estimated $5.7 billion a year to clean energy.

As part of the CETP, countries committed to driving “multilateral negotiations in international bodies, in particular in the OECD, to review, update, and strengthen their governance frameworks to align with the Paris agreement goals,” the letter explains.

“This November at the OECD Export Credits Forum, your country has a critical opportunity to fulfill this commitment. Your country can do this by joining forces with other CETP signatories to support restricting oil and gas export finance at the OECD,” wrote the coalition, which along with OCI includes Friends of the Earth (FOE) United States, Japan Center for a Sustainable Environment and Society (JACSES), and Environment Governance Institute (EGI) Uganda.

“Ending OECD oil and gas support is critical to limit global heating to 1.5°C,” the coalition added, citing the International Energy Agency’s warning that new fossil fuel investments are incompatible with the goal. “And yet, the OECD export credit agencies (ECAs) currently provide five times as much financing for fossil fuels as for clean energy every year. By putting an end to their fossil fuel financing, governments have an opportunity to free up $41 billion USD per year to support the clean energy transition.”

The OECD’s existing Arrangement on Officially Supported Export Credits has a prohibition from January 2021 that “shifts an estimated $4 billion per year out of highly polluting coal fired-power,” the letter notes, calling for an extension of that policy “to encompass all fossil fuels, including oil and fossil gas, without any loopholes.”

https://twitter.com/PriceofOil/status/1718991576150475165?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1718991576150475165%7Ctwgr%5E087597d51595695f79494b600bb0101306a3e2ec%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.commondreams.org%2Fnews%2Foecd-foreign-fossil-fuel-subsidies

Some leaders at groups behind the letter took aim at specific nations, such as the United States, which is among those that have come under fire this year for continuing to dump a collective $4.4 billion into fossil fuel projects abroad.

“We have waited long enough for the United States, and other wealthy historical emitters, to be a force for good at the OECD,” said Kate DeAngelis, FOE’s senior international finance program manager. “The U.S. must turn away from its multibillion-dollar fossil financing and support the U.K. and Canada proposal, leading the push to finally end export credit agency support for fossil fuels.”

JACSES program director Yuki Tanabe targeted Japan, which snubbed the Glasgow pledge but backed a similar one from the Group of Seven last year—and has since faced criticism for continued investments in fossil fuels.

“Japan should not be a blocker at the OECD negotiations and should agree to end its public finance for fossil fuel projects,” Tanabe argued. “Ammonia and hydrogen co-firing should not be exempted as ‘abatement’ technologies, since the current co-firing development roadmap is not in line with the Paris goals.”

EGI CEO Samuel Okulony stressed how decisions of nations like Japan affect communities where projects are based.

“The impacts of climate change in Africa are a matter of life and death, and Japan, Korea, and other OECD countries should listen to the lived realities of global south communities, who have been devastated by the impacts of climate change for decades,” he said. “It is imperative that these countries make resolute commitments, support a resolution to stop public financing for fossil fuels at the OECD, and demand the global community align itself with the commitments to keep the 1.5°C target alive.”

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

Extinction Rebellion NL image reads STOP FOSSIELE SUBSIDIES
Extinction Rebellion NL image reads STOP FOSSIELE SUBSIDIES

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The TRUTH about fossil fuel subsidies.

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FFS: Huge Fossil Fuel Subsidies in UK and globally

Continue ReadingClimate Groups Back Efforts to End Tens of Billions in Foreign Fossil Fuel Subsidies

Pope Francis Urges Climate Action as World Nears ‘Breaking Point’

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

Pope Francis during the act of appointment of cardinals in the Vatican Basilica of St. Peter, on September 30, 2023, in Rome, Italy.
 (Photo: Stefano Spaziani/Europa Press via Getty Images)

“The necessary transition towards clean energy sources such as wind and solar energy, and the abandonment of fossil fuels, is not progressing at the necessary speed,” he said.

In his second major address on the climate crisis, Pope Francis called for urgent global action ahead of the COP28 United Nations climate conference.

The pontiff’s remarks came in a papal exhortation published Wednesday morning titled “Laudate Deum” or “praise God.”

“We must move beyond the mentality of appearing to be concerned but not having the courage needed to produce substantial changes,” Francis said.

The pope made waves in 2015 when he published an encyclical on climate and the environment titled Laudato Si, shortly before world leaders negotiated the Paris agreement. An exhortation is a shorter, less prestigious document, according to The Washington Post. In Wednesday’s document, the first he has published on the climate crisis in eight years, Francis reflected on how far the world hadn’t come.

“With the passage of time, I have realized that our responses have not been adequate, while the world in which we live is collapsing and may be nearing the breaking point,” he said.

As the world prepares for COP28, he said that international agreements had not so far led to effective action.

“The necessary transition towards clean energy sources such as wind and solar energy, and the abandonment of fossil fuels, is not progressing at the necessary speed,” he said. “Consequently, whatever is being done risks being seen only as a ploy to distract attention.”

“In conferences on the climate, the actions of groups negatively portrayed as ‘radicalized’ tend to attract attention. But in reality they are filling a space left empty by society as a whole.”

He also addressed concerns about the conference being hosted in a major oil-producing country, though he acknowledged that the United Arab Emirates had made significant investments in renewable energy.

“Meanwhile, gas and oil companies are planning new projects there, with the aim of further increasing their production,” he said.

The pope warned about the consequences of inaction:

We know that at this pace in just a few years we will surpass the maximum recommended limit of 1.5° C and shortly thereafter even reach 3° C, with a high risk of arriving at a critical point. Even if we do not reach this point of no return, it is certain that the consequences would be disastrous and precipitous measures would have to be taken, at enormous cost and with grave and intolerable economic and social effects. Although the measures that we can take now are costly, the cost will be all the more burdensome the longer we wait.

Yet he also counseled against abandoning hope, saying it “would be suicidal, for it would mean exposing all humanity, especially the poorest, to the worst impacts of climate change.”

Instead, he argued that hope should be found in structural changes rather than relying entirely on technological fixes like carbon capture.

“We risk remaining trapped in the mindset of pasting and papering over cracks, while beneath the surface there is a continuing deterioration to which we continue to contribute,” he wrote. “To suppose that all problems in the future will be able to be solved by new technical interventions is a form of homicidal pragmatism, like pushing a snowball down a hill.”

Throughout the text, he emphasized climate justice, pointing out that the wealthy world had contributed more to the crisis, while the Global South suffered disproportionately from its impacts. In particular, he called on the United States to alter its energy-intensive lifestyle.

“If we consider that emissions per individual in the United States are about two times greater than those of individuals living in China, and about seven times greater than the average of the poorest countries, we can state that a broad change in the irresponsible lifestyle connected with the Western model would have a significant long-term impact,” he said.

“Global leaders meeting in Dubai for COP28 must heed the pope’s call to agree to a just and equitable phaseout of all fossil fuels and a transition to renewable energy, with adequate financial support for impacted countries.”

He also defended climate activists who have been criticized for disruptive tactics.

“In conferences on the climate, the actions of groups negatively portrayed as ‘radicalized’ tend to attract attention,” he said. “But in reality they are filling a space left empty by society as a whole, which ought to exercise a healthy ‘pressure,’ since every family ought to realize that the future of their children is at stake.”

Several long-time climate advocates welcomed Pope Francis’ remarks.

“The pope’s intervention ahead of the Dubai climate talks is welcome and adds to an increasingly loud chorus of voices demanding that countries tackle the root cause of the climate crisis: fossil fuels,” Mariam Kemple Hardy, global campaigns manager at Oil Change International, said in a statement. “The pope is right to point out the growing gap between the urgent need to phase out all fossil fuels and the fact that countries and the oil and gas industry are doubling down on new production that is incompatible with a livable climate.”

Hardy also echoed the pope’s emphasis climate justice, calling out wealthy nations for continuing to exploit fossil fuels.

“Global leaders meeting in Dubai for COP28 must heed the pope’s call to agree to a just and equitable phaseout of all fossil fuels and a transition to renewable energy, with adequate financial support for impacted countries. Unless it does so, COP28 will be a failure,” Hardy said.

350.org and Third Act co-founder Bill McKibben hoped that the pope’s message might succeed where others had failed.

“The work of spiritual leaders around the world may be our best chance of getting hold of things,” McKibben toldThe Guardian. “Yes, the engineers have done their job. Yes, the scientists have done their job. But it’s high time for the human heart to do its job. That’s what we need this leadership for.”

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

Continue ReadingPope Francis Urges Climate Action as World Nears ‘Breaking Point’

Climate protests worldwide start a week of demonstrations

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Scientists protest at UK Parliament 5 September 2023.
Scientists protest at UK Parliament 5 September 2023.

https://www.theguardian.com/environment/live/2023/sep/17/nyc-march-end-fossil-fuels-alexandria-ocasio-cortez

Tens of thousands march in New York City to protest fossil fuels

Dharna Noor

Tens of thousands of people in New York City have kicked off a week of demonstrations seeking to end the use of coal, oil and natural gas blamed for climate change.

“This is an incredible moment,” said Jean Su of Center for Biological Diversity, who helped organize the mobilization.

Tens of thousands of people are marching in the streets of New York because they want climate action, and they understand Biden’s expansion of fossil fuels is squandering our last chance to avoid climate catastrophe.

Su said the action was the largest climate protest in the US since the start of the pandemic, with organizers estimating around 75,000 protestors taking to the streets in New York City.

She added:

This also shows the tremendous grit and fight of the people, especially youth and communities living at the frontlines of fossil fuel violence, to fight back and demand change for the future they have every right to lead.

In addition to celebrities and lawmakers, kids from across the country as well as elderly people showed up at the protests, waving climate signs and chanting alongside event organizers.

New York’s Democratic representative Alexandria Ocasio-Cortez, who previously championed the Green New Deal alongside Senator Bernie Sanders, is also expected to address the crowd later this afternoon.

Sunday’s demonstration comes ahead of the the United Nations Climate Ambition Summit, which the UN secretary general, António Guterres, says will focus on on bold new climate pledges.

Continue ReadingClimate protests worldwide start a week of demonstrations

The United States and Canada Are Among the World’s Top 5 ‘Planet Wreckers,’ New Fossil Fuel Report Contends

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Original article by Dana Drugmand republished from DeSmog.

Just ahead of U.N. climate summit in New York City, analysis calls on governments to halt planned gas and oil projects

Climate activists assembled at the White House during the People vs Fossil Fuels week of direct action in Oct. 2021. Credit: Dana Drugmand
Climate activists assembled at the White House during the People vs Fossil Fuels week of direct action in Oct. 2021. Credit: Dana Drugmand

United Nations chief António Guterres has called on nations to arrive at September 20’s high-level climate summit in New York City with firm commitments for ending fossil fuel production.

So far, however, the world’s top 20 oil and gas extractors have enough production planned to generate 173 billion tons of carbon pollution by 2050 — more than enough to blow past their Paris Agreement commitments and heat the world well beyond 1.5 degrees Celsius above historical temperatures. The greatest polluter among them will be the United States.

Those are some of the findings in a new report from the group Oil Change International, which has found that these 20 countries — dubbed the “planet wreckers” — are going to be responsible for almost 90 percent of the expected carbon emissions from planned oil and gas projects between 2023 and 2050.

“A handful of the world’s richest nations are gambling our global future by failing to act and ignoring the scientific calls and evidence that we need to rapidly phase out fossil fuels,” said Kelly Trout, co-director of research at Oil Change International, who co-authored the report with colleague Romain Ioualalen.

“Most countries are unfortunately still moving in the wrong direction,” she said.

Oil and gas projects already planned by these nations will generate climate-heating CO2 emissions equivalent to 1,082 new coal plants, according to the report.  

Based on their current plans, just five countries — the U.S. Canada, Norway, Australia, and the UK — will account for 51 percent of all new oil and gas projects through 2050, Trout found in her research.

“Among all of the countries that we call out in the report, these are the five that have the greatest economic means and capacity to actually be phasing out their oil and gas production the fastest,” Trout said.

The U.S. is both the largest historical carbon emitter and the world’s top oil and gas producer. Dubbed “planet wrecker in chief” in the report, it is on course to drive the most carbon pollution from planned oil and gas expansion by far. New oil and gas extraction in the U.S. will account for more than one-third of all planned projects over the next 25 years, creating 72.5 billion tons of CO2 emissions through 2050. 

Canada, which is on track for 18.6 billion tons of cumulative carbon pollution through 2050, came in second. 

Russia, the world’s second largest gas extractor and third largest oil producer, ranked third with 17.3 billion tons of CO2 expected from new production through 2050. Iran ranked fourth with 9.7 billion tons, and China rounded out the top five at 8.9 billion tons of expected carbon pollution.   

Trout was not surprised by the outsized role of the U.S. “It’s a reflection of the reality that the oil and gas industry’s expansion has been unchecked for many years now in the United States,” she said. “President Biden has put very few limits on the oil and gas industry, and has even enabled the sort of expansion that we’re warning about in this report.”

Since the beginning of 2023, the Biden administration has approved construction of multiple liquid natural gas export facilities. 

Among the moves that have further outraged environmentalists, in March, the administration approved the Willow Project, a major ConocoPhilips oil drilling venture in the National Petroleum Reserve-Alaska, a federal wilderness on Alaska’s North Shore. Estimates put up to 600 million barrels of oil in the area where the project will be located.

Just two weeks later, at the end of March, the Department of Interior held a large oil and gas lease sale in the Gulf of Mexico, leasing 313 tracts across 1.6 million acres.

In June, as part of the debt ceiling deal negotiated between congressional Republicans and the White House, federal agencies fast-tracked Mountain Valley Pipeline, which will carry fracked gas about 300 miles from northwestern West Virginia to southern Virginia.   

President Biden has also resisted calls from climate advocates to formally declare a climate emergency, even as the annual number of billion-dollar climate disasters continues to mount. Among them: Phoenix, Arizona set a new record for enduring 31 consecutive days over 110 degrees Fahrenheit, Vermont suffered its worst flooding in nearly a century, and the Hawaiian city of Lahaina was destroyed by one of the deadliest wildfires in U.S. history

In an August interview on the Weather Channel, Biden said he had “practically” declared a climate emergency, a statement that angered climate activists seeking more concrete action. 

Against this backdrop, tens of thousands are expected to take to the streets of New York on September 17 for a “March to End Fossil Fuels,” some with the explicit demand that President Biden stop U.S. expansion of oil and gas development. Mid-September actions and protests are also being planned in cities and towns worldwide.

“Thousands of folks will be marching, not just in New York City but across the world to just say our future is on the line,” Trout said, “and a livable future for us all is completely incompatible with the expansion and continuation of the fossil fuel industry.”

Original article by Dana Drugmand republished from DeSmog.

Continue ReadingThe United States and Canada Are Among the World’s Top 5 ‘Planet Wreckers,’ New Fossil Fuel Report Contends

New Study Identifies United States as ‘Planet-Wrecker-in-Chief’

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

Planned fossil fuel expansion in the U.S. accounts for more than a third of new oil and gas extraction projects set to begin through 2050, according to Oil Change International.

Canadian wildfire 2023
Canadian wildfire 2023

A new report released Tuesday identifies the United States as “planet-wrecker-in-chief,” pointing to the nation’s plans for a massive expansion of oil and gas production over the next two and a half decades even as it postures as a climate leader on the world stage.

According to Oil Change International’s (OCI) research, planned oil and gas expansion in the U.S.—the largest historical contributor to planet-warming greenhouse gas emissions—accounts for more than a third of prospective global oil and gas expansion through 2050. Much of the U.S. expansion is tied to fracking, the report observes.

The U.S. is one of just 20 countries that are projected to be responsible for nearly 90% of the carbon dioxide pollution from new oil and gas extraction projects between 2023 and 2050.

If those 20 countries follow through with their fossil fuel expansion plans, OCI noted, the projects will emit an estimated 173 billion tonnes of carbon dioxide, the equivalent of the lifetime emissions of more than 1,000 new coal plants.

“If that amount of CO2 is emitted into the atmosphere, then we’re in serious trouble,” Romain Ioualalen, global policy lead for OCI and a co-author of the new report, said during a press conference on Tuesday.

Such emissions, Ioualalen warned, would blow through the world’s dwindling carbon budget and make it “mathematically impossible” to limit global warming to 1.5°FC by the end of the century.

“The planet-wreckers report presents unmistakable evidence of the peril of fossil fuel expansion while reckoning with the world’s historic polluters, namely the United States.”

Five rich countries—the U.S., Canada, Australia, Norway, and the United Kingdom—account for more than half of all planned oil and gas expansion globally, even though they are far less reliant on fossil fuel revenues than other nations and have the resources for a renewable energy transition, OCI said.

The new report takes the Biden administration to task for “pledging climate leadership” while simultaneously facilitating “the continued expansion of fossil fuel production in the United States.”

“In 2023 alone, the administration greenlit the Alaska Willow Project; approved multiple LNG export facilities in Alaska and along the Gulf Coast, held a massive oil and gas lease sale in the Gulf of Mexico, fast-tracked the Mountain Valley Pipeline, and oversaw the weakening of bedrock environmental laws, making it easier for fossil fuel infrastructure to move forward,” the report notes.

The new research was released just over a week before United Nations Secretary-General António Guterres’ Climate Ambition Summit, which will be preceded by more than 400 mobilizations worldwide aimed at pressuring world leaders to urgently phase out fossil fuels.

“The planet-wreckers report presents unmistakable evidence of the peril of fossil fuel expansion while reckoning with the world’s historic polluters, namely the United States, and how we must hold them accountable,” Helen Mancini, a 16-year-old Fridays for Future activist from New York City, said in a statement Tuesday.

“The activism youth are doing is not radical,” Mancini added, “it’s a demand for survival that the planet-wreckers must heed.”

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

Continue ReadingNew Study Identifies United States as ‘Planet-Wrecker-in-Chief’