Big Banks’ Trillion-Dollar Finance For Fossil Fuels ‘Shocking’ — Report
"The world’s biggest 60 banks have provided $3.8tn of financing for fossil fuel companies since the Paris climate deal in 2015, according to a report by a coalition of NGOs."
"The world’s biggest 60 banks have provided $3.8tn of financing for fossil fuel companies since the Paris climate deal in 2015, according to a report by a coalition of NGOs."
"MINNEAPOLIS — The Minnesota Court of Appeals on Tuesday heard arguments over Enbridge Energy’s Line 3 replacement project in northern Minnesota, which opponents are calling unnecessary due to an eventual decline in the demand for oil.
"Senate Democrats plan to deploy an obscure but powerful legislative weapon in the coming weeks to try to quickly reinstate a major Obama-era climate change rule that the Trump administration had effectively eliminated."
"At a normal tide on a normal day on the Southern California coast, ankle-high waves glide over a narrow strip of gold sand. On one side sits the largest body of water in the world. On the other, a row of houses with a cumulative value in the hundreds of millions of dollars, propped on water-stained stilts.
Property value ebbs and flows, but when it comes to coastal real estate "the trend lines are pretty clear," says California state Sen. Ben Allen, squinting in the sun. "And they're not pretty."
"Conservatives have long argued against regulating fossil fuel production for the climate’s sake, claiming that doing so would interfere with the holy free market. A new study shows that’s a total fairy tale because the invisible hand isn’t responsible for dirty fuels’ market dominance—implicit government subsidies are. The findings show those subsidies total in the billions each year."
"Wildfire smoke was associated with a far greater number of pediatric respiratory care visits than other sources of airborne fine particles, according to a new study, even when wildfires were less severe."
"President Biden’s next big thing would fuse the rebuilding of America’s creaky infrastructure with record spending to fight climate change, a combination that, in scale and scope, represents a huge political shift, even for Democrats who have been in the climate trenches for decades."
"Hotter summers in Iraq are blasting soldiers sitting inside armored vehicles. Flooding is threatening the world’s largest navy base. Russian submarines are prowling the melting Arctic. Now NATO Secretary General Jens Stoltenberg wants to make global warming a major focus of the military alliance’s strategy and planning, pushing environmental issues to the center as a security threat."
"In Houston’s poorest neighborhoods, an unfamiliar winter storm stoked a familiar anguish, one fueled by recurring floods and what residents see as a pattern of neglect."