Global oil and gas demand will start to fall before 2030, marking the “beginning of the end” of the fossil fuel era, the International Energy Agency (IEA) declared last week, in an op ed penned by Executive Director Fatih Birol.
Wind turbines are being dismantled to make way for a massive coal mine expansion in Germany, and Canada’s largest bank RBC is helping pay for it using “sustainable” finance.
Five oil majors are accused of downplaying the risks posed by fossil fuels since the 1950s, The New York Times reports.
The US state of California has sued five oil giants for their alleged role in downplaying the risk posed by fossil fuels while causing tens of billions of dollars in damage, The New York Times has reported.
Oil, gas and coal benefited from $7tn in support in 2022 despite being primary cause of climate crisis
Fossil fuels benefited from record subsidies of $13m (£10.3m) a minute in 2022, according to the International Monetary Fund, despite being the primary cause of the climate crisis.
Neoliberalism's relentless cheerleaders are largely unchallenged in their dangerous belief that capitalism's growth paradigm can be squared with sustainability. It may cost us the Earth
The debate about the climate crisis should have been settled in the early 1990s. And yet, three decades later, the extent, imminence and even existence of a looming catastrophe are still hotly disputed. That is not by accident.
![Lawsuit to put the spotlight on the fossil fuel industry while seeking compensation for future damage caused by climate-related disasters [File: Bing Guan/Reuters]](https://ecosocialistsvancouver.org/sites/default/files/styles/medium/public/article-image/screenshot_2023-09-17_142939.png?itok=YbJlCzTl)
