Climate Change

Poverty and Petrochemicals Converge as Hurricane Laura’s Devastation Exposes Entire Gulf Coast as ‘Sacrificial Zone’

With the full devastation caused by Hurricane Laura along the Gulf Coast in Texas and Louisiana still coming into view Friday, climate justice activists and other progressives are calling the destruction—credited with claiming at least 6 lives and potentially billions of dollars in damages—just the latest painful example of willful neglect by political leaders and …

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‘Underwhelming and Inadequate’: Green Groups Slam New Senate Democrats’ Climate Report

A climate action report released Tuesday by Senate Democrats drew disappointed reactions from green groups and progressive campaigners who say it does not do nearly enough to combat the potentially existential threat of catastrophic global heating caused by human activity.  The report—titled “The Case for Climate Action: Building a Clean Economy for the American People” (pdf)—was …

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‘What Stage of Capitalism Is This?’ Hedge Fund $3 Billion Richer Thanks to Wager on Wildfire Insurance Claims

The social and environmental toll of the unfolding fire catastrophe in California—where over 100,000 people have been displaced, seven have died, and approximately 1.2 million acres have burned since August 15—is incalculable, but hedge fund Baupost Group has found a way to turn the state’s devastating wildfire epidemic over recent years into profits for investors.   …

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Trump Administration Denounced for ‘Foolish and Deeply Damaging’ Plan to Drill in Arctic Wildlife Refuge

Environmental advocates vowed to sue the U.S. Department of Interior following its announcement Monday that the Trump administration has finalized plans to auction off oil and gas leasing rights in Alaska’s Arctic National Wildlife Refuge. “The door is being flung wide open for oil and gas drilling to impose irreversible harm to one of America’s iconic …

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‘Has BP Just Woken Up to the #ClimateEmergency?’ Oil Giant Announces 40% Production Cut by 2030

Amid declining fossil fuel consumption worldwide during the Covid-19 pandemic, oil giant BP on Tuesday said it would reduce its oil and gas production by 40 percent by 2030. Climate campaigners said the announcement—on top of a $16.8 quarterly loss—should be a warning to other giants in the industry about the economic writing on the wall …

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Pressured by Climate Activist Groups, Deutsche Bank Ditches Drilling in the Arctic

Climate activists are celebrating Deutsche Bank’s new energy policy banning financial support of drilling in the Arctic, a move which comes after years of pressure from advocacy groups. The bank, a multinational investment company headquartered in Germany, announced Monday that it will no longer offer financial services to new projects that involve drilling for oil …

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