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This Earth Day, we must stop the fossil fuel money pipeline | Bill McKibben

Taking down the fossil fuel industry requires taking on the institutions that finance it. Even during a pandemic, this movement is gaining steam

1970 was a simpler time. (February was a simpler time too, but for a moment let’s think outside the pandemic bubble.)

Simpler because our environmental troubles could be easily seen. The air above our cities was filthy, and the water in our lakes and streams was gross. There was nothing subtle about it. In New York City, the environmental lawyer Albert Butzel described a permanently yellow horizon: “I not only saw the pollution, I wiped it off my windowsills.” Or consider the testimony of a city medical examiner: “The person who spent his life in the Adirondacks has nice pink lungs. The city dweller’s are black as coal.” You’ve probably heard of Cleveland’s Cuyahoga River catching fire, but here’s how the former New York governor Nelson Rockefeller described the Hudson south of Albany: “One great septic tank that has been rendered nearly useless for water supply, for swimming, or to support the rich fish life that once abounded there.” Everything that people say about the air and water in China and India right now was said of America’s cities then.

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Studying Pterosaur fossils 'could help engineers design more efficient drones'

Learning more about flying reptiles that lived more than 200 million years ago could help more efficient drones be developed, scientists have said.




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Harvard didn’t divest from fossil fuels. So what does its ‘net-zero’ pledge mean?

Harvard has a new net-zero by 2050 plan for its endowment. But it’s not yet clear what it will entail, and whether the school will be able to fulfill it.




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Fossil fuel methane emissions have been 'vastly underestimated', researchers say

A new study has found the oil and gas industry has had a far worse impact on the climate than previously believed.




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Picking away at fossilized skeletons




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Unmasking the Tully Monster: fossils help to tackle a decades-old mystery




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Ghosts of Resolutions Past: The G20 Agreement on Phasing Out Inefficient Fossil Fuel Subsidies


As much as the nostalgic might hate to admit it, a new year is coming up. And for climate change negotiators, 2015 is a big one: it’s the make-it-or-break it year for a serious, last-ditch effort at an international agreement to slow runaway climate change. 

A new year brings new, hopeful resolutions. Of course, just as ubiquitous are the pesky memories of past resolutions that one never quite accomplished.

Some resolutions fade, understandably. But failure is less forgivable when the repercussions include the increased exploration of fossil fuels at the expense of our warming world. To avoid the most destructive effects of climate change, we must keep two-thirds of existing fossil fuel reserves underground, instead of providing subsidies to dig them up.

One group not living up to its resolution: the G20 members —19 countries and the European Union that make up 85% of global GDP. At the 2009 G20 summit in Pittsburgh, the group agreed to “rationalize and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption.” At the 2013 summit in St. Petersburg, they reaffirmed this resolution. Yet that same year, these countries funneled $88 billion into exploring new reserves of oil, gas, and coal.

Another resolution abandoned.

This year’s G20 summit will convene in Brisbane, Australia (November 15th - 16th) — a perfect opportunity to commiserate about the backsliding on the agreement and to develop a new approach that includes some means of holding each other accountable. So how can the G20 follow through on its laudable and necessary pledge?

1. Get help from the experts.

A new report by the Overseas Development Institute and Oil Change International criticizes the G20 for “marry[ing] bad economics with potentially disastrous consequences for climate change.” It points out that every dollar used to subsidize renewables generates twice as much investment as the dollar that subsidizes fossil fuels.

And the G20 can try harder to heed the doctor’s orders. This report outlines specific recommendations, including revamping tax codes to support low carbon development instead.

2. Set a timeline and stick to it.

National timelines for fossil fuel subsidy phase out would be different depending on the governmental structures and budgeting processes of individual countries. Also, countries can utilize the timeline of the incoming international climate treaty, by including a subsidy phase out as part of a mitigation plan to be measured and reported.

3. It’s easier with friends.

The G20 got it right that no one country should have to go it alone. Now it is time to strengthen its methodology for peer review of inefficient fossil fuel subsidies, and agree upon a transparent and consistent system for tracking and reporting.

That said, it can also be easier to cheat with friends. The new report tracks where investments from G20 state-owned energy companies are directed. As it turns out, G20 countries continue to fund each other’s fossil fuel exploration. Instead of cheating together on their own resolution, G20 members should leverage these relationships to advance investments in clean energy.  

4. Hold each other accountable.

The G20 is not the only group that has committed to phase out fossil fuel subsidies. The issue has received support from advocacy groups, religious leaders, and business constituencies alike. The public will be able to better hold leaders accountable if the G20 declares its commitment and progress loud and proud.

Moreover, G20 members and advocacy organizations can make the facts very clear: fossil fuel subsidies do not support the world’s poor, and the public ends up paying for the externalities they cause in pollution and public health. This accountability to addressing concerns of the people can help the G20 stand up to the fossil fuel industry.

5. If at first you don’t succeed…

True, phasing out fossil fuel subsidies is no piece of cake. There is no G20 standard definition of “inefficient subsidies” or timeline for the phase out. It also hasn’t helped that countries report their own data. They can even opt out of this unenforced commitment altogether. Yet the pledge is there, as is the urgency of the issue. New Year’s resolutions take more than just commitments — they take work. This week’s G20 Leaders Summit is a wonderful place to commit to phasing out fossil fuel subsidies. Again.

Authors

Image Source: © Francois Lenoir / Reuters
     
 
 




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Viral Video Calls for Mass Exodus from Fossil Fuels

Popular anger at profiteering energy utilities is high. One wind-power pioneer is hoping to harness that sentiment with a funny viral video.




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Is Sunlight Unfairly Competing With Fossil Fuels?

We can and should go back and forth about the merits, demerits, risks and potential rewards of the spectrum of geoengineering techniques, from the simple but slow and effective (like afforestation) to the well, more fraught with potential catastrophic




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Fossil fuels may ruin your retirement

Ever heard of a 'stranded asset'? They are well known in the world of sustainability, and they can put a dent in your retirement savings.




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New geothermal technology could produce 10 times the electricity using CO2 from fossil fuel plants

This integrative technology keeps CO2 out of the atmosphere and makes geothermal energy widely available




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Church of England divests from dirtiest fossil fuels

Tar sands and thermal coal are out but natural gas and conventional oil can stay. For now...




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United Church of Canada divests from fossil fuels

In the grand scheme of things, $5.9 million is not a huge amount to take from fossil fuels. But when you reinvest in renewables...




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Big North American banks still banking on extreme fossil fuels

Big risks evidently still promise big rewards.




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Is The Post-Fossil Fuel Economy Already Emerging?

Growing bike sales, a boom in sharing, and an interest in growing your own food are ust some of the signs that we could be moving beyond our current energy paradigm. Add your own to the list.




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Church of England fleshes out plans for fossil fuel divestment

Oil and gas companies have until 2023 to make 'Paris compatible' plans, or face divestment.




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Greenpeace urges Hillary to dump fossil fuels

She's made big promises on solar. But will she also break up with fossil fuel lobbyists?




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Naomi Klein's 'Leap Manifesto' calls on the Canadian government to divest from fossil fuels

Klein, author of 'This Changes Everything,' launched the Leap Manifesto at the Toronto International Film Festival. Read and sign it here to join the call for a more sustainable and equitable future.




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Citing threat to human survival, doctors divest from fossil fuels

Climate change is already killing people around the world. Now the British Medical Association has vowed to do something about it.




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London assembly tells mayor: Divest £4.8B pension fund from fossil fuels

The motion is non-binding, but that doesn't mean it doesn't matter.




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An entire country just divested from fossil fuels

This is beginning to get real.




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Church of England to fight "great demon" climate change, mulls divestment from fossil fuels

Inspired by massive flooding in the UK, the Church of England is renewing its commitment to fighting climate change. And that's sending a signal to the markets.




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Union Theological Seminary and Catholic university both divest from fossil fuels

Fossil fuel divestment is a moral issue. Religious institutions appear to be taking a stand.




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Palm Oil Biodiesel, Now With 2000% the Emissions of Fossil Fuels

Can we just all put palm oil biodiesel produced on deforested peatlands to rest already: A new report from the United Nations Environment Programme shows that biodiesel production under these




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Mayors of London and New York issue joint call for fossil fuel divestment

Great cities know the future is renewable.




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Divestment is now considered a 'material risk' by fossil fuel industries

And we thought it was all about symbolism...




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How one American family has moved away from fossil fuels

"Being the Change" is proof that weaning oneself off fossil fuels is not only possible, but also joyful and fun for a young suburban family.




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Morocco pledges to ax fossil fuel subsidies

A level playing field for renewables is about to get a step closer, at least in Morocco.




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UK now has more renewables capacity than fossil fuels

The country's onward march of low carbon energy shows no signs of stopping.




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France plans to end all fossil fuel production by 2040

Although somewhat symbolic, the new legislation coincides with the 2040 end of gas and diesel vehicle sales.




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Alaska SeaLife Center replaces fossil fuels with sea water power

The aquarium and wildlife rescue center uses a unique heat pump system to cover 98% of its heating needs.




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Costa Rica hasn't used any fossil fuels for electricity so far in 2015

Prices have fallen 12% thanks to this switch to renewables.




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Smart money should be investing in renewables, not fossil fuels

Once you have paid for the panels or turbines, renewable power is almost free.




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Best way to cut Arctic "black carbon"? Stop burning fossil fuels

70% of this potent pollutant comes from fossil fuels, not biomass burning.




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Large solar selling cheaper than fossil fuels in Texas, Georgia, India, Brazil, and Chile

Solar power has grown up, and it's ready to blow up.




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How we got "locked in" to fossil fuel consumption

More on why our personal consumption habits matter in the climate emergency.




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Computer program solves mysteries of fossilized leaves

The new program can learn and classify leaves so well that it could reveal the "tree of life" of ancient plants.




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Newly discovered fossils fill gaps in amphibian evolution

The newfound fossils shed light on the early evolution of one of the planet’s most mysterious amphibians.




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Do fossil fuel industries understand how unpopular they are?

As alternatives to Big Oil and Big Coal emerge, it would be a mistake for executives to rely on loyalty or love from the public.




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Clean tech is better for economic growth than fossil fuels (take that, Big Oil!)

Anti-greens often try to make economic arguments against the big spring-cleaning that our civilization is going through.




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Unearthing the True Cost of Fossil Fuels

Fossil fuel company executives and D.C. politicians have long worked together to ensure coal and oil prices stay low enough to keep Americans hooked. Here's how we can break the addiction.




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Fossil ‘monster’ looks alien but may be related to primitive fish

The Tully Monster is a famously odd 300-million-year-old fossil that looks like an alien, but a new analysis suggests it was a backboned animal like a hagfish or lamprey




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Effect Of Fossil Fuel Pollution on Children's Health

Estimated per-case costs of six childhood health conditions linked to air pollution have been first compiled by the Columbia Mailman School of Public Health.




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OECD welcomes ground-breaking peer reviews by China and US of their fossil fuel subsidies

The OECD has welcomed the release by China and the US of peer reviews of their fossil fuel subsidies.




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Fossil fuel support is rising again in a threat to climate change efforts

Fossil-fuel subsidies are environmentally harmful, costly, and distortive. After a 3 years downward trend between 2013 and 2016, government support for fossil fuel production and use has risen again, in a threat to efforts to curb greenhouse gas emissions and air pollution, and the transition to cleaner and cheaper energy.




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Wealthiest 10 percent of the world consume 187 times more fossil fuels than poorest 10 percent 

Rich people are the leading cause of climate change according to a new study from researchers at the University of Leeds, consuming more for transportation and home energy needs.




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Oxford University cuts ties to fossil fuel industry

Vice-chancellor Louise Richardson said Oxford had to take up the mantle of 'reducing carbon emissions and tackling climate change before it is too late.'




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Fossil remains of 22 Ice Age SLOTHS the size of elephants found preserved in asphalt in Ecuador 

The specimens - which included 15 adults, 5 juveniles and two newborns or fetuses - were unearthed from the Tanque Loma site on the county's Santa Elena peninsula.




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My fossil fuels, your land


The BioCarbon Fund promises to plant trees across a swathe of Himachal Pradesh, amidst questions about the environmental value and fairness of the program. Sudhirendar Sharma reports.




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Researchers Link 400 Million-Year-Old Fossil to Evolution of Plant Reproduction

The research, which was published in Current Biology, is aimed at studying about how the reproduction process evolved in the plants over the years.