Spending $1.8 Trillion A Year To Finance Our Own Extinction
“The world is spending over $1.8 trillion a year, equivalent to 2% of global GDP, on subsidies that are driving the destruction of ecosystems and species extinction,” finds a recent study commissioned by Business for Nature and The B Team. The authors of the study are Doug Koplow and Ronald Steenblik. (This article is sourced […]
Why Are Canadian Banks and Insurance Companies Still Financing Russian Oil
“Canadian banks, insurance companies and asset managers have pumped millions into Russian-owned oil and gas companies that have flowed into the petrostate’s war chest,” wrote the National Observer in a recent article. Dependence on Fossil Fuels is Dangerous The world’s addiction to oil—our dependence on a fossil fuel system—is dangerous not just for the climate […]
Many of the coming ravages of climate change are already baked in to the global heating our planet has already absorbed since the beginning of the industrial age. In some areas of the world, we are beyond safe limits and sliding irreversibly into complete climate breakdown. (This article is part of The Energy Mix coverage […]
United Nations secretary general António Guterres calls the International Panel on Climate Change (IPCC) report “an atlas of human suffering”. “The report is a dire warning about the consequences of inaction,” remarked Guterres during his February 28th press conference. As the serious humanitarian crisis unfolds in Europe, fears are growing that climate action will become […]
The Trudeau government may be left with big gaps in its 2030 climate strategy if it delays its oil and gas emissions cap until 2023, or holds off on setting tough carbon reduction targets for the industry, according to news reports this week.
Rich countries may finally be on the verge of keeping their promise to deliver US$100 billion per year in international climate finance, but only by relying on private investment that isn’t well suited to some of the most urgent needs where people are most vulnerable to climate impacts.
