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The Fine Print I:
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The Fine Print II:
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Climate change is a fact of life in the twenty-first century. Our society’s dependence on fossil fuels to encourage more economic growth is directly contributing to the global warming crisis. Climate models accounting for changes in surface air temperatures, ocean currents, land masses, and polar ice cover have forecast extreme weather events occurring on a more regular basis.
As this report was going to press, a massive storm caused unprecedented flooding in Louisiana, destroying tens of thousands of homes and killing at least 11 people. Thousands of others were forced to evacuate. This is exactly the kind of extreme weather projected to become more severe on the Gulf Coast as the climate crisis intensifies.
This report quantifies the cost of climate change to millennials and their children, compared to a world without climate change. The climate change costs are compared to other significant economic burdens millennials will face over the course of their lifetime, including student debt, child care, stagnant wages, and the lack of good jobs. The key findings of this analysis include:
This report documents massive exports of federally owned coal from 2000-15. The US Bureau of Land Management sold private companies the right to mine this coal for a pittance—in some cases, for less than 20 cents per ton. And when Asian demand was red-hot, these companies made massive profits selling millions of tons of federal coal overseas. Nonetheless, the Bureau of Land Management (BLM) has essentially ignored export economics when setting the “fair market value” that it will accept for federal coal leases. Now that the Department of Interior has placed a three-year moratorium on new coal leases pending a thorough review of federal coal policies, BLM has an ideal opportunity for a thorough review of the economics of exports. And our report points to evidence that by ignoring exports, the BLM has been selling many federal coal leases at just a fraction of their true economic value.
In four hours of flight from Moscow, in the middle of the country, lies the coal heart of Russia.
In this 34-page comic book for both youth and adults, 16-year-old Gabe Sanchez of East Oakland tells the story of how he and his grandfather time-travel 50 years into the future. His 60-year-old self tells him the story of how climate change has shaped his life: the superstorm that destroyed his home and livelihood, the collapse of California agriculture, and more. But 60-year-old Gabe also shows the many ways people today are fighting to stop fossil fuels and build a green economy. Gabe and Grandpa return to 2016 determined to join the movement for climate justice.
The global development of ‘unconventional’ fossil fuels (UFF) such as shale gas has provoked much debate involving scientists,industry, political decision-makers, environmental groups and civil society. More than a decade of large- scale development in North America has left a legacy of environmental damage, primarily resulting from the use of high- volume horizontal hydraulic-fracturing (also known as ‘fracking’) to extract the unconventional oil and gas. Despite the controversy surrounding this technique, the numerous unknowns and uncertainties concerning its impacts and the growing number of questions about the economic benefits of this industry, oil and gas operators are eager to identify new opportunities and so are engaged in a battle to make frackingpublicly and socially acceptable worldwide.
THE INTERNATIONAL FORUM ON GLOBALIZATION’S earlier report, Faces Behind a Global Crisis: U.S. Carbon Billionaires and the U.N. Climate Deadlock followed the flow of fossil fuels industry funds to find that Charles and David Koch are, in fact, the single largest financiers of efforts to stop the phase out of fossil fuels. This report reveals one reason for their spending: the Kochs’ enormous investments in tar sands could become “stranded assets” if Keystone XL, the Alberta Clipper, and other important infrastructure for tar sands expansion is not approved.
Governments across the G20 countries are estimated to be spending $88 billion every year subsidising exploration for fossil fuels. Their exploration subsidies marry bad economics with potentially disastrous consequences for climate change. In effect, governments are propping up the development of oil, gas and coal reserves that cannot be exploited if the world is to avoid dangerous climate change.
What do rigged corporate trade agreements like the Trans-Pacific Partnership and the Paris Treaty, an international climate agreement to be signed in 2015, have in common? They are both tools being pushed by the power elite to rip away our hopes for democracy and to commodify all things to monetize them for profit.