A key point in the text is the need for one or more political organizations that have the organizing capacity to go beyond unions in fostering an understanding of the need for CLASS Solidarity! - Gene McGuckin
A wealth tax would raise badly-needed revenue. More importantly, it could reduce the fortunes—and power—of billionaires
In 2008, just after the election of Barack Obama, the two of us were trying to peddle an idea for a book decrying the rise of billionaires. A New York publisher told us he loved our proposal but it came too late. With Obama’s election, he said, the super-rich would soon be hit by steep taxes that would start depleting their fortunes. Their day in the sun was done.
New pipelines could help Canada export more tar sands, boosting the bottom lines of Alberta’s oil producers. But experts warn that Canada is charting a ‘path to climate crisis.’
Wall Street analysts are advising their clients to invest in Canadian tar sands companies on the expectation that the highly controversial Line 3 and Trans Mountain Expansion pipelines overcome Indigenous-led public opposition and reach completion.
The industry has been pushing through policies devoting billions of dollars to the technology, and much more is likely to come with legislation pending before Congress.
Over the last year, energy companies, electrical utilities and other industrial sectors have been quietly pushing through a suite of policies to support a technology that stands to yield tens of billions of dollars for corporate polluters, but may do little to reduce greenhouse gas emissions.
Ace researchers dropped two blockbuster reports on us last week. The first — from the UN Intergovernmental Panel on Climate Change, the IPCC — hit on Monday with a worldwide thunderclap.
Climate inaction was never really about denial. Rich countries just thought poorer countries would bear the brunt of the crisis.
MANY PEOPLE HERE think they are safe from climate change, the journalist from a German newspaper explained to me. They don’t see it as an immediate threat, like Covid-19. They see the Greens as scolds who want to take away their cheap holidays. “What do you have to say to them?”
The green energy revolution is redrawing the lines of the global geopolitical map and China is fighting to come out on top. While other energy superpowers such as the United States, Saudi Arabia, and Russia have clung to their prodigious oil and gas industries to varying degrees, China has gone all-in on establishing their own energy security and independence, a large portion of which will soon be sourced from clean energy resources.
