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The Fine Print I:
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The Fine Print II:
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Global warming poses a problem for fossil fuel systems and those who profit from them; leaving fossil fuels in the ground likely means leaving trillions of dollars of profit in the ground. Vast networks of privilege that are sustained by fossil economies are likewise threatened. As Jairus Grove reflects, ‘environmental justice will require unequal roles: significantly constraining, even repressing, the powers of the Eurocene’. Similarly, the ‘Planet Politics Manifesto’ reminds us that ‘the planet is telling us that there are limits to human freedom; there are freedoms and political choices we can no longer have’.
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.
Critical fights over the future of our energy system are underway in dozens of states, with far-reaching implications for both climate change and our economy. At issue is the recent, rapid expansion of rooftop solar, which is revolutionizing who owns and profits from electricity generation. Rather than power production being monopolized by utilities, more and more households are becoming energy producers themselves. This transition is saving families money and driving the creation of tens of thousands of well-paying jobs.
This report describes organized attacks on climate science, scientists and scientific institutions like the UN Intergovernmental Panel on Climate Change (the IPCC), that have gone on for more than 20 years. It sets out some of the key moments in this campaign of climate denial started by the fossil fuel industry, and traces them to their sources.