Capitalism

Stuck in the smoke as billionaires blast off

16/08/21

Author:

Naomi Klein

Link:

The Intercept

A helicopter prepares to make a water drop as smoke billows along the Fraser River Valley near Lytton, British Columbia, Canada, on July 2, 2021. Photo: James MacDonald/Bloomberg via Getty Images

July 23, 2021

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?”

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China Is Preparing For Life After Fossil Fuels

16/08/21

Author:

Haley Zaremba

Link:

Oil Price

Aug 15, 2021

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.

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Bankers Eager to Continue Funding Oil and Gas

15/08/21

Author:

Justin Mikulka

Link:

DeSmog

Charging Bull, or the Bull of Wall Street. Credit: htmvalerio, CC BY-NC-ND 2.0

Aug 13, 2021

Comments from a recent energy industry conference reveal major financiers of fossil fuels view environmental and social investing concerns as a trend to “inoculate” against but not a long-term threat to the industry.

“I kind of remind people, I personally think oil is a renewable, it just takes a little bit longer,” said Mari Salazar, senior vice president and manager of Energy Financial Services for BOK Financial, an Oklahoma-based bank that caters to the oil and gas industry.

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'Alternative' energy and less energy

Capitalism Is What’s Burning the Planet, Not Average People

15/08/21

Author:

Chris Saltmarsh

Link:

Jacobin

Wildfires raged through Turkey's Mediterranean region in July and August 2021. (Felton Davis / Flickr)

Aug. 11, 2021

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U.N. Climate Report scapegoats “human activity” rather than fossil-fuel capitalism

15/08/21

Author:

Steve D'Arcy

Link:

The Breach

Delegates at an IPCC working group meeting in 2013

Aug 10 2021

The root economic causes of the climate crisis appear nowhere in the report, but must be at the centre of movements’ efforts

The backdrop for the latest climate report from the United Nations has been a series of terrifying reminders of the unfolding crisis.

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Climate Vandalism: The Earth is Burning

14/08/21

Author:

Phil Hearse

Link:

The Bullet

August 12, 2021

From Oregon in the United States, to Antalya and Bodrum in Turkey, to some of the coldest areas of Siberia, in the last month wildfires have been devastating thousands of acres amidst temperatures above 40°C. The flip side of this has been simultaneously catastrophic floods in Germany and China. As this article was being prepared, wildfires threatened to ignited huge coal stocks at the Milas power station in Turkey.

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Canada’s oil and gas sector filled up on federal COVID emergency cash

13/08/21

Author:

John Woodside

Link:

National Observer

August 13th 2021

At a time when climate science demands a rapid transition off fossil fuels, Ottawa approved more than $1.3 billion for oil and gas companies through the Canada Emergency Wage Subsidy (CEWS).

According to a January 2021 meeting note Canada’s National Observer received through a federal access-to-information request, “over $1.3B has been approved for the petroleum sector companies” as of Oct. 29, 2020 through CEWS.

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