Truthout
Fossil Fuels
Chilean Indigenous Activist Says COP27 Promoted Devastating Mega-Projects
The COP27 climate summit has pitted the human rights of Indigenous peoples against rich nations’ energy needs.
Russia’s Uranium Sales Help Fund Ukraine War, Exiled Environmentalist Says
If the U.S. and Europe continue to pay Putin, that means more people will die in Ukraine, says Vladimir Slivyak.
Greenwashing Governments and Oil Companies Turned COP27 Into a Climate Disaster
In the end, COP27 looked more like a fossil fuel industry trade show than a climate summit.
Global South Demands Reparations From Rich Nations in Form of Climate Financing
However, the U.S. has said it would not support a “legal structure that is tied to compensation or liability.”
26 Climate Conferences Have Failed to Halt Emissions. Do We Need a New Strategy?
Negotiations and climate conferences can’t bring change on their own if major powers continue to block them.
636 Fossil Fuel Lobbyists Swarm Climate Talks, Up 25% From Last Year’s COP26
There are more fossil fuel lobbyists attending COP27 than representatives of the 10 nations most affected by the crisis.
Banks and G20 Nations Spent at Least $55 Billion a Year Financing Fossil Fuels
The U.S. spent an average of $2.6 billion on fossil fuel investments, and just $358 million on renewables from 2019-21.
BP Sees $8.2 Billion in Third Quarter Profits as People Struggle to Heat Homes
BP will buy back $2.5 billion worth of its own stock amid calls for a more aggressive windfall tax in the U.K.
East African Climate Activists Are Fighting a Destructive Pipeline Project
The project will “bring mayhem to human settlements and wildlife along the pipeline's path,” said one climate expert.
Wall Street Shrugs Off Biden and Reaffirms Commitment to Saudi Monarchy
Even as President Biden questions the U.S.-Saudi alliance, big banks in the U.S. are cozying up to the crown prince.