Quantcast
Environmental News for a Healthier Planet and Life

Panama Papers Prove America Has the Money to Transition to 100% Clean Energy

Climate
Panama Papers Prove America Has the Money to Transition to 100% Clean Energy

By Vien Truong, Green for All

Last week, the IRS asked anyone who might be exposed in the Panama Papers to come forward before they get caught. And for good reason—America is a hotbed of tax evasion.

There's an old myth that we can't have a comfortable lifestyle—cars, homes, creature comforts—without sacrificing clean water and clean air, because it requires lots of energy and we don't have the money to transition to cleaner energy sources.

We have the money to transform America's economy and moral reality—creating millions of jobs and ending our country's dark history of allowing the health of whole communities to be sacrificed for fossil fuels.

Conservatives argue we can't afford advancements. Liberals argue a transition is possible, but we need bridge fuels or "All of the Above" to fund a slow transition. The Panama Papers show we have the money to transition right now, but it's being looted by the global elite.

Climate change is wreaking havoc on the lives of people across the U.S. and the globe—from heat waves to floods to hurricanes to droughts. Regardless of how you feel about that, it's simply fact that the fossil fuel industry has systematically poisoned low income communities and communities of color across the globe, like the one I grew up in.

My family lived in some of the worst neighborhoods in Oakland, California. Like many others in my community, we struggled to make ends meet. As a child, it was normal for me to see families dealing with severe economic, mental and environmental problems. It wasn't until I was able to travel and live in other parts of the U.S. that I understood it was not normal for families to live in cramped apartments festering with cockroaches; kids to attend schools that are surrounded with chain-linked fences that look like prisons; or breath air filled with toxins from nearby factories or expansive highways.

In the Gulf Coast, oil and gas refineries have lead to sky-high cancer rates, asthma rates and lowered life expectancies. Many families continue living by coal plants even though their kids can't safely breathe outside because they can't afford to move nor have other viable options. And we are seeing that weird rashes, cancers and chronic health issues have become the new normal for families living near gas fracking facilities.

The fossil fuel economy wreaks havoc wherever it exists. It's past time for us to move beyond it.

But what do we hear time and time again? We can't afford to get off fossil fuels. It's just too expensive. Now, solar and battery technology are fast changing that tune—allowing rock-bottom prices that out-compete coal and gas across the country and incredible electric cars with ranges that rival their gas-guzzling competitors.

We have the money to fix it. The Panama Papers revealed just how far the ultra-rich will go to not pay taxes.

And let's not glorify it. Not one has ever gotten rich without using goods and resources financed by everybody else—electricity, the internet, roads, air, water, land. These public resources are built up by low income communities and communities of color who pay their taxes year in and year out, because to do anything else would mean facing consequences.

Not these bad actors. They've been stealing access to our national wealth all to build up their personal wealth—and then using tax havens to build yet more. At least $150 billion dollars a year of American taxes aren't paid by the ultra wealthy. And if you look at global estimates by the Tax Justice Network—the rich are likely hiding more than $21 trillion dollars of tax-free assets offshore.

Just a small portion of these robbed assets could transform America's economy and put us on track to achieving 100 percent clean and renewable energy by 2050 and 50 percent clean energy by 2030.

We have the money to transform America's economy and moral reality—creating millions of jobs and ending our country's dark history of allowing the health of whole communities to be sacrificed for fossil fuels.

Let's put this stain on America's human rights record behind us. Let's invest in the low-income communities and communities of color we've allowed to be poisoned for far too long. You can't say we don't have the money.

Vien Truong is the director of Green for All, a national initiative that puts communities of color at the forefront of the climate movement and equity at the center of environmental solutions.

YOU MIGHT ALSO LIKE

Prince's Legacy of Philanthropy Beautifully Portrayed by Van Jones

CNN Viewers See Far More Fossil Fuel Advertising Than Climate Reporting

Billionaire Climate Activist to Spend $25 Million to Register Millennial Voters

Exxon Using Tobacco's Failed Free Speech Defense for Decades of Deception on Climate Change

David Attenborough narrates "The Year Earth Changed," premiering globally April 16 on Apple TV+. Apple

Next week marks the second Earth Day of the coronavirus pandemic. While a year of lockdowns and travel restrictions has limited our ability to explore the natural world and gather with others for its defense, it is still possible to experience the wonder and inspiration from the safety of your home.

Read More Show Less
EcoWatch Daily Newsletter

By Michael Svoboda

For April's bookshelf we take a cue from Earth Day and step back to look at the bigger picture. It wasn't climate change that motivated people to attend the teach-ins and protests that marked that first observance in 1970; it was pollution, the destruction of wild lands and habitats, and the consequent deaths of species.

Read More Show Less
Trending
An Amazon.com Inc. worker walks past a row of vans outside a distribution facility on Feb. 2, 2021 in Hawthorne, California. PATRICK T. FALLON / AFP via Getty Images

Over the past year, Amazon has significantly expanded its warehouses in Southern California, employing residents in communities that have suffered from high unemployment rates, The Guardian reports. But a new report shows the negative environmental impacts of the boom, highlighting its impact on low-income communities of color across Southern California.

Read More Show Less
Xiulin Ruan, a Purdue University professor of mechanical engineering, holds up his lab's sample of the whitest paint on record. Purdue University / Jared Pike

Scientists at the University of Purdue have developed the whitest and coolest paint on record.

Read More Show Less

Less than three years after California governor Jerry Brown said the state would launch "our own damn satellite" to track pollution in the face of the Trump administration's climate denial, California, NASA, and a constellation of private companies, nonprofits, and foundations are teaming up to do just that.

Read More Show Less