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.
"However, the fundamental issue that must be decided is whether a green socialism is to be attained by incremental modification of capitalism and its state, or the taking of power by the working class. In truth, Rosa Luxemburg’s differences with Eduard Bernstein, on the matter of “Reform or Revolution” and the nature of the capitalist state are still very relevant in the development of an ecosocialist project."
A new complaint sent to the FBI’s white-collar crime division and filed with U.S. financial regulators alleges Canadian oil company Reconnaissance Energy Africa (ReconAfrica) has used environmental claims to mislead investors.
ReconAfrica is drilling for oil in an ecologically sensitive region in Namibia. Its drilling plans are near the Okavango Delta — a UNESCO World Heritage Site, one of the world’s largest protected areas for endangered wildlife and a culturally significant place to the San people.
![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)
