( Foreign Policy in Focus ) – The burning of fossil fuels—oil, coal, natural gas—is responsible for nearly 90 percent of global carbon emissions. Despite almost-universal recognition of the need to reduce the use of those fossil fuels, the industrialized world is having the hardest time breaking its addiction. The economic rebound from the COVID-19 […]
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Petroleum
More than two dozen Cities and States are suing Big Oil over Climate Change – they just got a Boost from the US Supreme Court
By Patrick Parenteau, Vermont Law & Graduate School and John Dernbach, Widener University | – Honolulu has lost more than 5 miles of its famous beaches to sea level rise and storm surges. Sunny-day flooding during high tides makes many city roads impassable, and water mains for the public drinking water system are corroding from […]
Our Climate Crisis: The Ultra-Wealthy have a Private Jet Problem, Therefore so do We
Blogging Our Great Divide by Omar Ocampo ( Inequality.org ) – The past two years have been a bonanza for private aviation. The drastic increase in demand has led to flight delays, increased costs, and pilot shortages. But the slow deterioration of working conditions for aerospace labor has not stopped the jet-owning […]
Sudan’s Conflict has its Roots in three Decades of Elites fighting over Oil and Energy
By Harry Verhoeven, Columbia University | – Sudan stands on the brink of yet another civil war sparked by the deadly confrontation between the Sudan Armed Forces of General Abdelfatah El-Burhan and the Rapid Support Forces of Mohamed Hamdan Dagalo (“Hemedti”). Much of the international news coverage has focused on the clashing ambitions of the […]
Red State Divorce: Republican State Politicians are waging all-out War against Companies that don’t Kowtow to Big Oil
By Stan Cox | – ( Tomdispatch.com ) – The demise of Silicon Valley Bank last month triggered plenty of angst among solar energy developers. Before it collapsed, SBV claimed it had “financed or helped finance 62 percent of community solar projects in America,” according to Washington Post business reporter Evan Halper. At first, it […]
Saudi Aramco Reports Gargantuan $161 Bn in Profits, But will Electric Cars kill the Oil Market within 2 Decades?
Ann Arbor (Informed Comment) – Dan Murphy at CNBC reports that the giant Saudi Aramco oil company posted an unprecedented profit of $161 billion for 2022. The company’s CEO, Amin Nasser, commented that this was probably the biggest profit ever made in the course of one year by any private company. Murphy reports that Nasser […]
Humanity put out more C02 than Ever Before last Year, but Green Energy Kept the Annual Increase Small
Ann Arbor (Informed Comment) – This is a bad news, good news story. Cathy Bussewitz at the Associated Press reports that carbon dioxide emissions reached an all-time high in 2022, of 36.8 gigatons. That is more CO2 spewed into the atmosphere by humanity in just one year than ever before. CO2 emissions were up nearly […]
Northwest Climate Activists, including Native Americans, Target new Oil Pipeline to stop Fossil Fuels
Climate groups and Indigenous nations are working to add the GTN Xpress pipeline expansion to a long list of defeated fossil fuel transportation projects in the Northwest. By Nick Engelfried | – Climate protesters gathered at the State Capitol in Portland, Oregon in 2019 to protest the later canceled Jordan Cove LNG export terminal. (Facebook/Rogue […]
Should a repressive petrostate get to host UN climate talks? The UAE Plans for a Fossil Fuel Friendly COP28
By Joey Shea | – ( Foreign Policy in Focus) – In recent weeks, grave concerns have emerged about the conflicts of interest posed by the United Arab Emirates as host of the upcoming United Nations Climate Change Conference known as COP28, as well as fears about the safety and security of participants in the […]