Fossil Fuel Giants to Lavish Shareholders With Record Paydays as Climate Crisis Deepens

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

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)

“The global energy crisis has been a giant cash grab for fossil fuel firms,” said one campaigner. “And instead of investing their record profits in clean energy, these companies are doubling down on oil, gas, and shareholder payouts.”

The year 2023 was marked by weather events that made it increasingly clear that the Earth has entered what United Nations Secretary General António Guterres called the “era of global boiling,” with wildfires and prolonged heatwaves impacting millions of people and scientists confirming their suffering was the direct result of fossil fuel extraction and planetary heating.

But for the world’s five largest oil giants, the year marked record profits and the approval of several major new fossil fuel projects, allowing the companies to lavish their shareholders with payouts that are expected to exceed $100 billion—signaling that executives have little anxiety that demand for their products will fall, said one economist.

The companies—BP, Shell, Chevron,ExxonMobil, and TotalEnergies—spent $104 billion on shareholder payouts in 2022, and are expected to reward investors with even more in buybacks and dividends for 2023, The Guardian reported.

Shell announced plans in November to pay investors at least $23 billion—more than six times the amount it planned to spend on renewable energy projects—while BP promised shareholders a 10% raise in dividends and Chevron could exceed the $75 billion stock buyback it announced early last year.

Alice Harrison, a campaigner for Global Witness, noted that fossil fuel shareholders will be enjoying their paydays as households across Europe struggle with fuel poverty and the world faces the rising threat of climate disasters brought on by the industry.

“The global energy crisis has been a giant cash grab for fossil fuel firms,” Harrison told The Guardian. “And instead of investing their record profits in clean energy, these companies are doubling down on oil, gas, and shareholder payouts. Yet again millions of families won’t be able to afford to heat their homes this winter, and countries around the world will continue to suffer the extreme weather events of climate collapse. This is the fossil fuel economy, and it’s rigged in favor of the rich.”

In 2023 campaigners intensified their demands for accountability from the oil, gas, and coal industries, and as of last month had successfully pressured more than 1,600 universities, pension funds, and other institutions to divest from fossil fuels. In the U.S., provisions in the Inflation Reduction Act, which has been touted as the “largest investment in climate and energy in American history,” went into effect.

But Dieter Helm, a professor of economic policy at the University of Oxford, The Guardian that if the industry were truly fearful of policymakers phasing out fossil fuel extraction and expediting a transition to renewable sources, they would be spending far less on new projects and shareholder payouts.

“For this to be the case you would have to believe that the energy transition is happening, and that demand for fossil fuels is going to fall,” Helm told The Guardian.

In 2023, U.S. President Joe Biden infuriated climate campaigners by approving the Willow oil drilling project in Alaska, which could lead to roughly 280 million metric tons of heat-trapping carbon dioxide emissions. His administration also included in a debt limit deal language that would expedite the approval of the Mountain Valley Pipeline, which could emit the equivalent of more than 89 million metric tons of carbon dioxide, while the U.K. government greenlit a massive oil drilling field in the North Sea and French company TotalEnergies continued to construct the 900-mile-long East African Crude Oil Pipeline, which would transport up to 230,000 barrels of crude oil per day.

“These companies are investing a huge amount in new projects, and they’re handing out bigger dividends because they are confident that they’re going to make big returns,” Helm said. “And when we look at the state of our current climate progress, who’s to say they’re wrong?”

Climate campaigner Vanessa Nakate pointed out that the shareholder paydays are expected following a deal on a loss and damage fund at the 28th annual United Nations Climate Change Conference, aimed at helping developing countries to fight the climate emergency. That fund was hailed as “historic” and included a commitment of $700 million from wealthy countries—a sum that is expected to be dwarfed by fossil fuel investors’ profits.

“They have picked people’s pockets, fueled inflation and pollution, and deepened poverty,” U.K. House of Lords member and Tax Justice Network co-founder Prem Sikka said of the oil giants. “Governments do nothing to end their monopolistic control. Need to break-up this cartel.”

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

Continue ReadingFossil Fuel Giants to Lavish Shareholders With Record Paydays as Climate Crisis Deepens

UN Condemns Israel’s ‘Unlawful Killings’ and Settler Violence in West Bank

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

A Palestinian child stands next to a damaged building following a three-day Israeli army raid on the Jenin refugee camp in the occupied West Bank on December 14, 2023.  (Photo: Zain Jaafar/AFP via Getty Images)

The U.N. high commissioner for human rights called surging settler attacks on Palestinians “very disturbing.”

A United Nations report released Thursday warned that conditions in the occupied West Bank have worsened rapidly since October, with Israeli settlers and soldiers ramping up violent attacks on the Palestinian population and subjecting people across the territory to frequent abuse, movement restrictions, arbitrary detention, and “unlawful killings.”

The report by the Office of the U.N. High Commissioner for Human Rights found that since October 7, settler attacks—including shootings and the burning of homes—have surged to an average of six per day, up from three per day previously. The report notes that in many cases, the settlers were “accompanied” by Israeli forces, wearing Israeli military uniforms, and carrying weapons supplied by the army.

Between October 7 and December 27, Israeli forces and settlers killed at least 300 Palestinians in the West Bank, according to the U.N. Israeli soldiers arrested more than 4,700 Palestinians during that period, holding many of them in so-called administrative detention without charge or trial.

Palestinian detainees have faced grotesque abuse and torture at the hands of Israeli soldiers, who have raided West Bank homes and refugee camps with increased frequency in recent weeks. Six Palestinian men died in Israeli detention between October 7 and November 20, the U.N. found. One of the men was reportedly insulin-dependent; he, along with others detained at the same time, was physically assaulted by Israeli soldiers.

The new report notes that members of the Israel Defense Forces (IDF) have filmed and photographed themselves “abusing, degrading, and humiliating Palestinians apprehended in the West Bank, including pictures of detainees stripped naked or half-naked, blindfolded and handcuffed, and screaming in pain while physically abused and humiliated including by being forced to pose with the Israeli flag, sing songs in Hebrew or forced to dance with soldiers.”

“In one of the videos, a Palestinian man, subsequently identified through monitoring as having been arrested on 31 October, is seen kneeling, blindfolded, and with hands tied behind his back, being kicked several times in the stomach by a soldier who spits on him and insults him,” the report continues. “On 1 November, IDF reportedly stated they would investigate the abuses and that one reserve soldier had been dismissed from reserve service.”

“The intensity of the violence and repression is something that has not been seen in years.”

Volker Türk, the U.N. high commissioner for human rights, said in a statement Thursday that “the violations documented in this report repeat the pattern and nature of violations reported in the past in the context of the longstanding Israeli occupation of the West Bank.”

“However,” Türk added, “the intensity of the violence and repression is something that has not been seen in years.”

Since October 7—when Hamas launched a deadly attack on southern Israel and the IDF responded with a catastrophic bombing campaign—violence by Israeli settlers in the West Bank has surged. Israeli officials have tallied at least 120 hate crimes committed in the occupied West Bank, but no charges have been brought in any of the cases, the U.N. said.

The report observed that Israeli settlers—with the support of the far-right government of Prime Minister Benjamin Netanyahu—are “taking advantage of a generally permissive environment to accelerate displacement of Palestinians from their land, raising concerns of forcible transfer seeking to create facts on the ground making the existence of a viable Palestinian state almost impossible.”

“According to Israeli organizations monitoring settlement expansion, settlers have built at least four new outposts since 7 October and at least nine new roads leading to settlements, marking a growth in illegal construction by settlers unprecedented since the second Intifada,” the U.N. report says.

Türk called settlers’ “dehumanization” of Palestinians “very disturbing” and said the attacks and illegal settlement expansions “must cease immediately.”

“Israeli authorities should strongly censure and prevent settler violence and prosecute both its instigators and perpetrators,” said Türk.

The U.N.’s findings were published as Al Jazeera reported that Israeli forces have “launched their most intense raids yet on cities in the occupied West Bank as they pressed on with one of the largest incursions in the territory since Israel’s war on Gaza began in October.”

“At least one person was killed after Israeli troops launched a coordinated overnight assault on 10 cities including Hebron, Halhul, Nablus, Jenin, Tulkarem, el-Bireh, Jericho, and notably the center of Ramallah, which is the administrative headquarters of the Palestinian Authority,” the outlet reported. “Israeli forces used tear gas and stun grenades to clear a street and then blocked off the area, before using a ‘controlled explosion’ to enter a money exchange shop. The soldiers seized documents and arrested business owners.”

An Al Jazeera correspondent said that Israeli soldiers seized around $2.5 million in the raids.

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

Continue ReadingUN Condemns Israel’s ‘Unlawful Killings’ and Settler Violence in West Bank

‘Disgraceful’: US Abstains After Watering Down UN Gaza Resolution

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

U.S. United Nations Ambassador Linda Thomas-Greenfield abstains during a vote on a Security Council resolution on Gaza, on December 22, 2023 in New York. (Photo: Charly Triballeau/AFP via Getty Images)

“Given the staggering death toll—with more than 20,000 killed in over two months—and the horrifying scale of destruction and devastation in Gaza, this is simply unacceptable,” said the head of Amnesty International.

The United States on Friday abstained from voting on a U.N. Security Council resolution that it repeatedly stonewalled and lobbied to weaken in the face of intense international opposition as Israeli forces continue to kill hundreds of Palestinians daily.

The newly passed resolution—which was introduced by the United Arab Emirates—calls for “urgent and extended humanitarian pauses and corridors throughout the Gaza Strip for a sufficient number of days to enable full, rapid, safe, and unhindered humanitarian access.”

Thirteen Security Council members voted in favor of the resolution. Russia joined the U.S. in abstaining.

The resolution calls for “urgent steps… for creating the conditions for a sustainable cessation of hostilities,” language that’s weaker than an earlier draft’s call for an “urgent and sustainable cessation of hostilities.”

“Biden’s changes will help ensure that Israel’s slaughter in Gaza continues while minimizing the U.N.’s insight into what increasingly appears to be a genocide.”

Also removed from the final version was language condemning Israel’s indiscriminate attacks on Palestinian civilians, tens of thousands of whom have been killed, wounded, or left missing during 77 days of Israeli onslaught.

The vote came just after Russia proposed an amendment that would have restored language calling for an “immediate cessation of hostilities” to the resolution. The U.S. vetoed the amendment.

Earlier this month, the U.S. vetoed a separate Security Council resolution calling for a Gaza cease-fire. That resolution was later approved by the U.N. General Assembly in a 153-10 vote.

“It is disgraceful that the U.S. was able to stall and use the threat of its veto power to force the U.N. Security Council to weaken a much-needed call for an immediate end to attacks by all parties,” Amnesty International secretary-general Agnès Callamard said in a statement.

“This is a much-needed resolution—all efforts to address the unprecedented humanitarian catastrophe in Gaza must be welcomed—but it remains woefully insufficient in the face of the ongoing carnage and extensive destruction wrought by the government of Israel’s attacks in the occupied Gaza Strip,” Callamard continued. “Nothing short of an immediate cease-fire is enough to alleviate the mass civilian suffering we are witnessing.”

“Given the staggering death toll—with more than 20,000 killed in over two months—and the horrifying scale of destruction and devastation in Gaza, this is simply unacceptable,” she added.

In a statement giving a “qualified welcome” to the resolution, Mary Robinson—a former U.N. high commissioner for human rights and Irish president who currently chairs The Elders—said: “Agreement on this weak and overdue U.N. Security Council resolution is better than another U.S. veto. But the test of the resolution’s success will be how many lives are saved.”

“This is a much-needed resolution—all efforts to address the unprecedented humanitarian catastrophe in Gaza must be welcomed—but it remains woefully insufficient in the face of the ongoing carnage and extensive destruction wrought by the government of Israel’s attacks in the occupied Gaza Strip,” Callamard continued. “Nothing short of an immediate cease-fire is enough to alleviate the mass civilian suffering we are witnessing.”

“Given the staggering death toll—with more than 20,000 killed in over two months—and the horrifying scale of destruction and devastation in Gaza, this is simply unacceptable,” she added.

In a statement giving a “qualified welcome” to the resolution, Mary Robinson—a former U.N. high commissioner for human rights and Irish president who currently chairs The Elders—said: “Agreement on this weak and overdue U.N. Security Council resolution is better than another U.S. veto. But the test of the resolution’s success will be how many lives are saved.”

Lamenting that the resolution “became increasingly meaningless” as U.S. President Joe Biden “managed to delete the call for suspension of hostilities,” Trita Parsi, co-founder and executive vice president of the Quincy Institute for Responsible Statecraft, said on social media Friday that “Biden’s changes will help ensure that Israel’s slaughter in Gaza continues while minimizing the U.N.’s insight into what increasingly appears to be a genocide.”

“Biden is effectively running war crimes management for Israel,” he added.

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

Comment by dizzy: The United States under President Biden has repeatedly succeeded in frustrating attempts to stop and has thereby facilitated Israel’s Fascist-like genocidal atrocities and war crimes in Gaza. We need to stop Israel’s war crimes and remove this ability from the United States at the UN Security Council.

Continue Reading‘Disgraceful’: US Abstains After Watering Down UN Gaza Resolution

‘We Are Complicit’: Sanders Urges Biden to Curb Israel Military Aid

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U.S. Senator Bernie Sanders speaking with attendees at the Presidential Gun Sense Forum hosted by Everytown for Gun Safety and Moms Demand Action at the Iowa Events Center in Des Moines, Iowa. Image by Gage Skidmore from Peoria, AZ shared under the Creative Commons Attribution-Share Alike 2.0 Generic license.
U.S. Senator Bernie Sanders speaking with attendees at the Presidential Gun Sense Forum hosted by Everytown for Gun Safety and Moms Demand Action at the Iowa Events Center in Des Moines, Iowa. Image by Gage Skidmore shared under the Creative Commons Attribution-Share Alike 2.0 Generic license.

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

Israeli atrocities in Gaza are being carried out by “bombs and equipment produced and provided by the United States and heavily subsidized by American taxpayers,” the Vermont senator wrote.

Calling the Netanyahu government’s ongoing assault on the Gaza Strip “immoral” and illegal under international law, U.S. Sen. Bernie Sanders on Wednesday urged President Joe Biden to drop his support for the portion of a supplemental foreign aid package that would give the Israeli military more than $10 billion in unconditional assistance.

Sanders (I-Vt.), who has faced backlash from Palestinian rights advocates for rejecting calls for a permanent cease-fire in Gaza, also pushed Biden to “support efforts at the United Nations to end the bloodshed, such as the recent resolution, vetoed by the United States, that would have demanded an immediate humanitarian cease-fire, the unconditional release of all hostages, and full humanitarian access.”

The senator’s letter to Biden was made public a day after the U.S. joined just nine other nations in voting against a U.N. General Assembly resolution calling for a cease-fire. The nonbinding resolution passed overwhelmingly, leaving the U.S. “increasingly isolated in its steadfast support of a war that seems to have no rules and no limits,” as the executive director of Doctors Without Borders put it following Tuesday’s vote.

“The U.S. must not provide $10 billion in military aid for Netanyahu’s right-wing government to conduct their horrific war against innocent Palestinians.”

Sanders argued in his letter that “while there is a moral case for a military response against a brutal terrorist attack, it is clear that the Netanyahu government’s current campaign is being conducted in a deeply immoral way.”

“Israel’s reliance on widespread and indiscriminate bombardment, including with massive explosive ordinance in densely populated urban areas, is unconscionable,” Sanders wrote. “This constitutes not just a humanitarian cataclysm, but a mass atrocity. And it is being done with bombs and equipment produced and provided by the United States and heavily subsidized by American taxpayers.”

“Tragically, we are complicit in this carnage,” the senator added, pointing to a recent Amnesty International investigation showing that the Israeli military used U.S.-made munitions to bomb two family homes in the Gaza Strip in October, killing 43 members of two families—including 19 children.

Sanders went on to criticize the Biden administration’s timid response to Israel’s massacres in Gaza, writing that the U.S. has “done little but ask nicely while continuing to enable” the Netanyahu government’s devastating military campaign.

“While it is appropriate to support defensive systems that will protect Israeli civilians against incoming missile and rocket attacks,” Sanders argued, “it would be irresponsible to provide an additional $10.1 billion in military aid beyond these defensive systems as contained in the proposed supplemental foreign aid package.”

Sanders asked Biden to “withdraw” his support for that element of the larger aid package to stop fueling “the continuation of the Netanyahu government’s widespread, indiscriminate bombardment.”

Biden said Tuesday that Israel’s “indiscriminate bombing” of the Gaza Strip is costing the country support on the world stage, but administration officials made clear Wednesday that the U.S. “has no plans to shift its position and draw any red lines around the transfer of weapons and munitions to Israel,” CNN reported.

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

Continue Reading‘We Are Complicit’: Sanders Urges Biden to Curb Israel Military Aid