Last year the world’s leading climate scientists, the IPCC,  issued a “code red” for humanity and outlined how we had to stop oil and gas drilling if we wanted a liveable future. But still we drill. Take three countries who like to see themselves as climate leaders…
Keep in the ground
Crisis, what climate crisis? Oil majors still sitting on tens of billions of barrels of undeveloped reserves
Despite the warnings for years that we cannot burn new reserves of oil if we want a liveable climate, the West’s top nine oil majors alone are sitting on more than 28 billion barrels of oil equivalent of undeveloped resources. Much of this could end up going from being an asset to a liability, just as many predicted.
Fossil fuel companies getting more U.S. bailouts than any other sector
A new analysis from Bailoutwatch concludes that “fossil fuel companies participated in the government’s Paycheck Protection Program to bail out small businesses at far higher rates than companies in other key sectors”.
Fossil fuel lobbyists are “dominating climate policy battles during COVID-19”
The political system is broken. There may be tens of millions people demanding a just transition, but we live in a system of embedded cronyism, that rewards people closest to those in power.
As COP opens, UN warns of “betrayal of generations to come,” unless we radically increase climate action
AntĂłnio Guterres, the Secretary-General of the United Nations, opened this year’s climate change talks with a rousing speech, stating: “Do we really want to be remembered as the generation that buried its head in the sand, that fiddled while the planet burned?”
Investors worth $10 Trillion and the Pope Urge Big Oil to Act on Climate
This weekend two remarkable parallel events happened in a building in the gardens of the Vatican, where hundreds of years ago Galileo was condemned.