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Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact
By Sharon Kelly
A report published Wednesday names the banks that have played the biggest recent role in funding fossil fuel projects, finding that since 2016, immediately following the Paris agreement's adoption, 33 global banks have poured $1.9 trillion into financing climate-changing projects worldwide.
By Julie Dermansky
On February 21, the New Orleans City Council unanimously voted to uphold approval of Entergy's proposed natural gas power plant, which faces a growing number of lawsuits, and passed a resolution to impose a $5 million fine on the company for its role in a paid-actors scandal.
Before the vote, in nearly three hours of often emotional testimony mostly against the plant, many contended that the $5 million fine was not a sufficient punishment. This was in light of the council's commissioned investigation, which concluded the company "knew or should have known" that a subcontractor was paying actors to support its proposed power plant at council meetings.
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By Simon Davis-Cohen
When the incumbent Democratic Governor Kate Brown defeated Republican Knute Buehler in a contentious race for Oregon's governorship, many in the state's climate movement let out a momentary sigh of relief. Brown had promised to "lead on climate" while Buehler had pledged his support for new fossil fuel infrastructure.
Now, residents are working to hold Governor Brown to task over what they see as the most pressing climate issue facing the state: the proposed Jordan Cove liquefied natural gas (LNG) export terminal and its Pacific Connector Gas pipeline. Backed by the Canadian company Pembina Pipeline Corporation, the project would transport natural gas extracted via hydraulic fracturing (fracking) from Colorado to Oregon's coast, where it would be super-cooled into liquid form and loaded on ships to international markets.
2018 is set to rank as the fourth warmest year on record—and the fourth year in a row reflecting a full degree Celsius (1.8° Fahrenheit) temperature rise from the late 1800s, climate scientists say.
This was the year that introduced us to fire tornadoes, bomb cyclones and in Death Valley, a five-day streak of 125°F temperatures, part of the hottest month ever documented at a U.S. weather station.
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Fossil Fuels and Climate Denial Still Reign in Louisiana Despite Scientists’ Dire Warnings
By Julie Dermansky
Louisiana is ground zero for the devastating impacts of climate change. Even though the state is already feeling the costly impacts to life and property due to extreme weather and an eroding coastline linked to a warming planet, its government continues to ignore the primary cause—human use of fossil fuels.
The impacts to the region, such as worsening floods, heat waves and sea level rise, will only be intensified as the globe continues warming, warn federal scientists in the latest National Climate Assessment report.
By Justin Mikulka
2018 was the year the oil and gas industry promised that its darling, the shale fracking revolution, would stop focusing on endless production and instead turn a profit for its investors. But as the year winds to a close, it's clear that hasn't happened.
Instead, the fracking industry has helped set new records for U.S. oil production while continuing to lose huge amounts of money—and that was before the recent crash in oil prices.
By Justin Mikulka
A Harvard research team recently announced plans to perform early tests to shoot sunlight-reflecting particles into the high atmosphere to slow or reverse global warming.
These research efforts, which could take shape as soon as the first half of 2019, fall under the banner of a geoengineering technology known as solar radiation management, which is sometimes called "sun dimming."
Energy Transfer Partners and Banks Lost Billions by Ignoring Early Dakota Access Pipeline Concerns
By Sharon Kelly
Roughly four years ago, Energy Transfer Partners (ETP) filed a federal application to build a 1,172 mile oil pipeline from North Dakota's Bakken shale across the U.S. to Illinois at a projected cost of $3.8 billion.
Before that application was filed, on Sept. 30, 2014, the Standing Rock Sioux Tribe met with ETP to express concerns about the Dakota Access pipeline (DAPL) and fears of water contamination. Though the company, now known as Energy Transfer, had re-routed a river crossing to protect the state capital of Bismarck against oil spills, it apparently turned a deaf ear to the Tribe's objections.
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By Chloe Farand
The Polish government has implemented a terrorism alert in the province where the annual UN climate talks are about to start.
Climate campaigners are warning of a tense atmosphere in and around the city of Katowice in southern Poland, where the global climate negotiations, known as COP24, are due to kick off on Monday.
Koch Industries Lobbies Against Electric Vehicle Tax Credit
By Dana Drugmand
Koch Industries is calling for the elimination of tax credits for electric vehicles (EVs), all while claiming that it does not oppose plug-in cars and inviting the elimination of oil and gas subsidies that the petroleum conglomerate and its industry peers receive.
Outgoing Nevada Republican Senator Dean Heller introduced a bill in September that would lift the sales cap on electric vehicles eligible for a federal tax credit, and replace the cap with a deadline that would dictate when the credit would start being phased out.
Why Plans to Turn America’s Rust Belt Into a New Plastics Belt Are Bad News for the Climate
By Sharon Kelly
The petrochemical industry anticipates spending a total of over $200 billion on factories, pipelines, and other infrastructure in the U.S. that will rely on shale gas, the American Chemistry Council announced in September. Construction is already underway at many sites.
This building spree would dramatically expand the Gulf Coast's petrochemical corridor (known locally as "Cancer Alley")—and establish a new plastics and petrochemical belt across states like Ohio, Pennsylvania and West Virginia.