politics

Wall Street Warns About Cost Of Doing Nothing On Climate Change

As President Obama heads to the Arctic to discuss climate change, just mere weeks after approving Shell Oil’s bid to drill for oil in the treacherous Chukchi Sea, a very different group is sounding the alarm over the dangers of a warming climate. That group, surprisingly, is Wall Street bankers.

Citibank has released a new report showing that taking action now against the growing threat of climate change would save an astonishing $1.8 trillion by the year 2040. Conversely, the report says that if no action is taken, the economy will lose as much as $44 trillion during that same time period.

EPA Called On To Stop States From Permitting Polluting Facilities Through Discriminatory Processes

The US Environmental Protection Agency was recently called on to respond to a decade’s worth of complaints regarding discriminatory practices on the part of states issuing permits to polluting facilities sited in marginalized communities already overburdened by environmental degradation.

A lawsuit filed in a US District Court for the Northern District of California seeks to compel the agency to fulfill its duty to enforce Title VI of the Civil Rights Act, which prohibits discrimination on the basis of race, color, and national origin in programs and activities that receive financial assistance from the federal government.

Florida Town Bans Fracking, But Will It Last?

The South Florida town of Bonita Springs has officially banned fracking. The city council voted early Wednesday to ban all types of well stimulation techniques to extract fossil fuels, which includes fracking, within the city limits.

Bonita Springs has now become the second municipality in the state of Florida to enact a ban on fracking.

Groups Encourage Transparency, Ask Obama For Honesty About Corporate Spending

The Sierra Club sent a letter to President Obama this week, urging the President to make good on his promise of increasing transparency in Washington. Specifically, the environmental group wants the administration to be forthright about the political spending of mega-polluters and their government contracts.

The Dark Money Funding Climate Change Denial

The network of corporate-funded right wing think tanks in America is massive. The money that flows to these organizations is even more massive than the networks themselves, and it flows in almost total secrecy thanks to Donors Trust and Donors Capital Fund.

These think tanks and astroturf groups are the leaders in climate change denial, spreading misinformation and corrupt data to the masses in order to downplay — and in many cases flat out deny — the reality of anthropogenic climate change.

And though we may not have the names of individual donors, a new report from The Guardian does a great job of laying out how much money is flowing to these climate change denial groups.

Let's Issue a Recall On Defective Congress For Failing to Stop Deadly Climate Change

Earlier this year, Blue Bell ice cream issued a mandatory recall of all of its ice cream products after a string of deaths from the bacteria Listeria had been linked directly to their products.  Similarly, when a blockbuster drug is found to be defective and begins killing consumers, the FDA will force the pharmaceutical company to pull the drug from the market.

Given the protocol here, I want to propose that we recall the Legislative Branch of our government for allowing American citizens to die by refusing to take action against climate change.

How Much Water Does The California Oil Industry Actually Use?

When California Governor Jerry Brown issued mandatory water restrictions for the first time in state history, he notably excluded the agriculture and oil industries from the conservation efforts, a decision that was heavily criticized.

The oil industry, for its part, insists it is a responsible user of water. The Western States Petroleum Association, an oil industry lobbying group, for instance, wrote that “Oil companies are doing their part to conserve, recycle and reduce the water they use to produce oil and refine petroleum products.”

Some perspective is certainly needed here: the amount of water used to produce oil in California is, in fact, dwarfed by the amount used for agriculture. But the thing is, the state can’t make any fully informed decisions about whether or not to include oil development in water cuts because no one knows exactly how much water the California oil industry is using in the first place. That all changes on April 30, however.

Last September, Governor Brown signed into law SB 1281, which requires companies to make quarterly reports to state regulators at the Division of Oil, Gas and Geothermal Resources (DOGGR) detailing the source and volume of water — whether fresh, treated, or recycled — used during oil development processes, including extreme oil extraction methods like fracking, acidization and steam injection. The first set of data required to be reported to DOGGR under SB 1281 is due at the end of the month.

Required reporting on water usage is an important first step in devising an effective water conservation plan for drought-wracked California, Peter Gleick, president of the Pacific Institute, tells DeSmogBlog.

“Without good data, we can’t have good policy,” Gleick says. “And it’s long overdue that the oil industry be transparent about water use and water quality. So I’m looking forward to more transparency.”

The Coal Industry Owns The Courts (VIDEO)

In early February 2014, Duke Energy reported that a coal ash storage site along the Dan River had crumbled, releasing more than 39,000 tons of toxic coal ash into the waterway. This was not the first time that Duke had been responsible for a massive coal ash spill, and most likely not the last.

In public, the company claimed that it is making all the necessary moves to clean up the mess and prevent future disasters. But behind closed doors, the company was hard at work making sure that its negligence would never hinder its profits. Duke Energy had been paying off the right people to prevent any meaningful form of punishment.

The post-Citizens United world has led to an enormous increase in the amount of money flowing to judicial elections, which was previously an area that very few corporations gave a second look. But with a green light to throw cash around now, they’ve realized that owning the Judicial Branch of American government is just as lucrative as owning a politician.

During the 2014 midterm elections, the state of North Carolina — Duke Energy’s base of operations — became a hotbed for judicial campaign spending. In total, an unprecedented $800,000 was spent on judicial elections by a group called Justice For All NC, with more than $300,000 of that total coming solely from Duke Energy.

A recent report by the Center for American Progress (CAP) shows that elected judges are far more likely to vote in favor of corporations (those who funded their elections) than non-elected judges, explaining Duke Energy’s desire to pump hundreds of thousands of dollars into this campaign.

Obama Administration Sued Over Gulf Of Mexico Fracking

At a time when the rest of the world (for a host of reasons) is shying away from the hydraulic fracturing “boom,” the United States appears to be hell-bent on allowing fracking in every available space. The latest target for the industry has been the already imperiled Gulf of Mexico, the same waters that are still reeling from the effects of BP’s Deepwater Horizon oil disaster.

In its haste to allow as much fracking as possible in the Gulf, the Obama administration has repeatedly failed to release information about the dangers of fracking in the Gulf of Mexico, as well as information regarding the total number of permits that have been issued.

But a new lawsuit by The Center for Biological Diversity seeks to make that information public.

The lawsuit says that the Bureau of Ocean Energy Management and the Bureau of Safety and Environmental Enforcement are obligated to release this information to the public. The government has so far failed to respond to the group’s FOIA request to make this information known to the public.

The risks of offshore fracking are well known, and The Center for Biological Diversity has a report that details the dangers that have already been realized off the coast of California, where offshore fracking has been under way for some time.

In that report, the Center uncovered some disturbing trends about the wastewater that is created during fracking:

New Senate Majority Puts Keystone XL At The Top Of To-Do List

The Republican Party now controls the legislative branch of the U.S. government, but even before they were sworn in, they had made their priorities for the country clear. They want the Keystone XL Pipeline to become a reality.

Republican Senator John Barrasso of Wyoming appeared on Meet The Press to push the pipeline by quoting misleading and dishonest industry talking points: “[Obama’s] own State Department said it’s 42,000 new jobs…He’s going to have to decide between jobs and the extreme supporters of not having the pipeline.”

Barrasso is playing fast and loose with the facts here. As we pointed out years ago, the job numbers used to sell the pipeline are completely fabricated. For example, his claim that the State Department estimates 42,000 jobs from the pipeline has no basis in reality. The State Department has said that the pipeline will only create about 35 permanent U.S. jobs.

The 42,000 number that Barrasso is throwing around is based on the total number of direct and indirect permanent and temporary jobs that are estimated to be created by the pipeline. Almost all of these jobs would disappear within the span of 2 years.

But even if the 42,000 figure were accurate, it isn’t a substantial gain for the United States. According to The Washington Post, the U.S. economy adds an average of 50,000 new jobs every single week, so an $8 billion pipeline that traverses some of the most delicate environmental areas of the country is hardly worth the economic and environmental costs.

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