Climate Change and Business

Oil and Gas Producers are Setting Us on a Course for Severe Climate Change Disruption

The oil and gas industry intends to invest an estimated $4.9 trillion over the next 10 years to explore for and extract oil and gas from new fields. An analysis from Global Witness concludes that we can't afford any production from new oil and gas fields, much less new fields, if we're to meet the U.N. Paris Climate Agreement goals and avoid moving beyond a critical climate change tipping point.

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The Rapidly Growing Fossil Fuel Divestment Movement

A growing divestment movement gains traction worldwide

There is a movement that has the potential to help the world reduce greenhouse gas emissions. That movement is the rapidly growing divestment from fossil fuels. More than 1,000 institutions that represent over $8 trillion in assets have committed to divestment. By the end of 2014, only 181 institutions with $50 billion worth of assets committed to divestment. There are over 43 cities that …

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Trump Signs Executive Orders to Expedite Permitting For Pipelines

Trump fast tracks unnecessary fossil fuel pipelines

If the Trump administration had an energy motto, it would be “drill, baby drill.” The administration has demonstrated its affinity for fossil fuel companies over and over. Recently, President Trump signed two executive orders that speed up the permitting process for oil and gas pipelines. It’s a decision made just a week after the KMCO chemical plant explosion in Crosby, Texas killed one person …

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Global Banks’ Fossil Fuel Financing Continues to Lead Us Down the Path Towards Climate Disaster

Thirty-three global banks have financed the fossil fuel industry to the tune of $1.9 trillion since adoption of the U.N. Paris Climate Agreement in 2016. JPMorgan was the fossil fuel industry's biggest banker overall, while Chinese banks financed more coal mining and power plants than others.

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