Wednesday, March 20, 2019 - 09:00 • Sharon Kelly

A report published today names the banks that have played the biggest recent role in funding fossil fuel projects, finding that since 2016, immediately following the Paris Agreement's adoption, 33 global banks have poured $1.9 trillion into financing climate-changing projects worldwide.

The top four banks that invested most heavily in fossil fuel projects are all based in the U.S., and include JPMorgan Chase, Wells Fargo, Citi, and Bank of America. Royal Bank of Canada, Barclays in Europe, Japan’s MUFG, TD Bank, Scotiabank, and Mizuho make up the remainder of the top 10.

Wednesday, March 20, 2019 - 04:30 • Sophie Yeo
Read time: 7 mins

With millions of students taking to the streets and oil majors increasingly facing litigation, the fossil fuel industry is finally being held to account for its contribution to the climate crisis.

This week, the EU is taking this accountability up a notch, with ExxonMobil’s decades-long denial of climate science facing the scrutiny of MEPs and the public at a hearing at the European Parliament in Brussels on Thursday.

During the two-hour session, scientists, campaigners and a historian will examine the history of climate denial and in particular the misinformation spread by Exxon, with MEPs able to ask questions about the role and behaviour of the oil major.

Tuesday, March 19, 2019 - 13:30 • Guest
Read time: 10 mins

By Kaitlin Sullivan, Climate Liability News. Crossposted from Climate Liability News.

A series of newly discovered documents clarify the extent to which the U.S. government, its advisory committees and the fossil fuel industry have understood for decades the impact carbon dioxide emissions would have on the planet.

The documents obtained by Climate Liability News show how much the National Petroleum Council (NPC), an oil and natural gas advisory committee to the Secretary of Energy, knew about climate change as far back as the 1970s. A series of reports illuminate the findings of government-contracted research that outlined the dangers associated with increased levels of CO2 in the atmosphere.

Tuesday, March 19, 2019 - 11:05 • Guest
Read time: 6 mins

By Emily Gertz, The Revelator. Originally posted on The Revelator.

Two years into his presidency, Donald Trump has racked up some high-profile policy failures. There’s no wall spanning the length of our southern border, no denuclearization underway in North Korea, and ethics scandals have swamped his administration.

But when it comes to environmental policy changes, the administration’s record of success has been remarkable.

Monday, March 18, 2019 - 17:08 • Guest
Read time: 3 mins

Originally posted on Climate Investigations Center.

How much money have the fossil fuel industry’s powerful trade association allies spent to convince the American public that its products are beneficial and necessary — and to stymie progress on climate change that could harm its financial interests?

To find out, Climate Investigations Center researchers analyzed the public relations expenditures of these trade associations going back to 2008, using data from publicly-available federal Form 990 tax records. The expenditures provide unique insight into fossil fuel trade association priorities and the willingness of public relations firms to represent socially harmful industries.

Monday, March 18, 2019 - 11:42 • Justin Mikulka
Read time: 7 mins

Norway’s sovereign wealth fund — a state-owned investment fund worth approximately a trillion dollars — recently announced it was divesting from oil and gas exploration companies around the world. Not surprisingly, many oil and gas stocks declined following the announcement.

While this is good news for the climate, this was simply a smart business decision. Norway’s sovereign wealth fund, known as the Government Pension Fund Global (GPFG), primarily exists due to Norwegian oil production. And the fund will continue to be a major investor in companies like Exxon.

It appears it’s just cutting its losses on money-losing endeavors like fracking in America, tar sands oil production in Canada, and frontier exploration by UK companies in Africa and South-East Asia.

Saturday, March 16, 2019 - 17:17 • Graham Readfearn
Read time: 6 mins

Somewhere in the order of 150,000 students went absent from classes in Australia on Friday afternoon for the global “School Strike 4 Climate” marches.

In what might be seen as an afternoon practical lesson in democracy, free speech, and civic engagement, students from cities and towns across the country and the world marched, chanted, and held placards aloft.

One of the biggest marches in Australia saw 25,000 students on the streets of Sydney, the home of the Rupert Murdoch-owned The Daily Telegraph.

But one student in particular caught eye of The Daily Telegraph — a 17-year-old, Year 12 pupil called Joanne Tran, who wrote an article for the newspaper explaining why she would not be marching.

Saturday, March 16, 2019 - 04:29 • Guest
Read time: 8 mins

By Dave Anderson, Energy and Policy Institute. Originally posted on Energy and Policy Institute.

President Trump’s claim that the Green New Deal would cost $100 trillion can be traced back to the Manhattan Institute, a think tank backed by fossil fuel investor Paul Singer and companies like ExxonMobil. 

Representative Alexandria Ocasio-Cortez and Senator Edward Markey made waves at a press conference in February when they rolled out a Green New Deal resolution that called for the nation to transition to 100 percent clean energy in ten years

Brian Riedl, a senior fellow at the New York-based Manhattan Institute, attempted to “cost out the Green New Deal” in a Twitter thread the next day. Riedl admitted he had “No idea” how much things like “Installing renewable energy everywhere” would cost. 

Friday, March 15, 2019 - 17:57 • Guest
Read time: 4 mins

This is a guest post by Linda Schneider of the Heinrich Böll Foundation.

At the United Nations Environment Assembly (UNEA) meeting in Nairobi, Kenya, this week, the U.S. and Saudi Arabia blocked a push to gather information on potentially regulating climate geoengineering technologies. Switzerland, along with 11 other countries, including Micronesia, Senegal, and New Zealand, had submitted a draft resolution mandating a report on the state of research, risks, and possible governance options related to geoengineering efforts.

Friday, March 15, 2019 - 15:54 • Julie Dermansky
Read time: 8 mins

With contributions from Ashley Braun and Mat Hope.

On March 15 droves of students around the world walked out of school to protest politicians’ inaction on climate change, with approximately one million people participating in the strikes, according to organizers. From Sydney to Stockholm, students had planned more than 1,600 school strikes in over 100 countries, inspired by the weekly Friday climate protests of Swedish student Greta Thunberg.

And in New Orleans, Louisiana, a small but resolute group of students and supporters gathered a few blocks from Lusher Middle and High School, on St. Charles Avenue, one of the city’s most famous thoroughfares, to confront their state’s heightened urgency to stop climate change or face losing the land they are standing on.

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