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Green New Deal (GND)

The End of Oil? Pandemic Adds to Fossil Fuel Glut, But COVID-19 Relief Money Flows to Oil Industry

Antonia Juhasz interviewed by Amy Goodman- Democracy Now, September 2, 2020

AMY GOODMAN: Longtime Massachusetts senator and Green New Deal champion Ed Markey won his primary against challenger Congressmember Joe Kennedy III Tuesday, marking a victory for progressives and the first time a Kennedy has lost an election in the state of Massachusetts. Senator Markey secured 54% of the vote in a primary race seen by many as a showdown between the Democratic establishment and its new and growing progressive wing. House Speaker Nancy Pelosi endorsed Kennedy, while Markey had the support of New York Congressmember Alexandria Ocasio-Cortez and the youth-led Sunrise Movement. The Sunrise Movement tweeted in response to the victory, quote, “After winning elections across the country, you think we’re gonna stop now? They wish. We will protest outside the halls of Congress while our allies on the inside negotiate the Green New Deal,” they said.

This comes as Democratic presidential candidate Joe Biden said he would not ban fracking during a speech in Pittsburgh. A group of 145 organizations, including Sunrise Movement and Greenpeace, have released a letter calling on Biden to ban fossil fuel interests from his campaign and administration, if he wins. The letter reads, quote, “To advance environmental justice, you must stand up to fossil fuel CEOs, stop the expansion of oil, gas and coal production, and rapidly transition us away from fossil fuels,” unquote.

This comes as the global oil industry is in crisis with falling demand and crashing prices exacerbated by the coronavirus pandemic. Despite this, fossil fuel companies continue to pump out an excess of oil, much of it stored on tankers in the ocean. In May, as 390 million barrels of oil and gas sat in storage on the world’s oceans, Greenpeace activists sailed out along the San Francisco Bay, unfurling a banner saying “Oil Is Over! The Future Is Up to You.”

GREENPEACE ACTIVIST: I’m here in San Francisco Bay, where floating oil storage tankers are now idling, storing oil that no one wants and where we have nowhere to put.

AMY GOODMAN: Despite this, Congress has poured billions of dollars of COVID relief funds into bailing out the fossil fuel industry.

We go now to Boulder, Colorado, where we’re joined by Antonia Juhasz, an oil and energy reporter, a Bertha fellow in investigative journalism. And her recent cover story for Sierra magazine is “The End of Oil Is Near,” along with another report, “Bailout: Billions of Dollars of Federal COVID-19 Relief Money Flow to the Oil Industry.” She’s the author of several books, most recently, Black Tide: The Devastating Impact of the Gulf Oil Spill.

Job Creation Estimates Through Proposed Economic Stimulus Measures

By Robert Pollin and Shouvik Chakraborty - The Prying Mantis, September 2020

In a Sierra Club commissioned report, PERI's Robert Pollin and Shouvik Chakraborty estimate the employment impacts of a $6 trillion, 10-year economic stimulus program designed by the Sierra Club and other civil society organizations. Pollin and Chakraborty estimate that spending at about $600 billion per year for 10 years would generate about 4.6 million jobs annually to upgrade American infrastructure, and another 4.5 million jobs annually to transition the country to a clean energy economy.

The report assumes the public investment in clean energy would be matched equally by another $300 billion per year in private sector clean energy investments. This would generate another 4.5 million jobs per year for 10 years.

Read the text (PDF).

Young Workers and Just Transition

By Staff - Labor Network for Sustainability, August 26, 2020

In case you missed it, on Wednesday, Aug. 26, at 8 p.m. Eastern, the Labor Network for Sustainability and friends hosted "Young Workers and Just Transition," the fourth in a series of webinars as part of the Just Transition Listening Project.

Moderated by Climate Justice Alliance Policy Coordinator, Anthony Rogers -Wright, the panel featured young workers in the labor and climate justice movements: 

  • Celina Barron, International Brotherhood of Electrical Workers Local 11 RENEW
  • Eboni Preston, Greening for Youth; Georgia NAACP, Labor and Industry Chair
  • Judy Twedt, United Auto Workers, Local 4121
  • Ryan Pollock, International Brotherhood of Electrical Workers Local 520
  • Yolian Ogbu, This is Zero Hour

Watch this event now to glean insight into who the challenges these young movement leaders face when initiating dialog around transitioning to a sustainable economy that offers equitable and just opportunities for future workers. Also learn about LNS' Young Worker Project and to hear what's next:

Special thank you to the following on the Labor Network for Sustainability team: Joshua Dedmond, Veronica Wilson and Leo Blain; and Vivian Price, Professor of Interdisciplinary Studies, California State University Dominguez Hills for their organizing and technical support before and during this important conversation.

Just Recovery Workshop: Another World is Possible

The End of Oil Is Near: the pandemic may send the petroleum industry to the grave

By Antonia Juhasz - Sierra, August 24, 2020

This past spring, coastlines around the globe took on the feel of an enemy invasion as hundreds of massive oil tankers overwhelmed seaports from South Africa to Singapore. Locals and industry analysts alike used the word armada—typically applied to fleets of warships—to describe scenes such as when a group of tankers left Saudi Arabia en masse and another descended on China. One distressed news article proclaimed that a “floating hoard” of oil sat in tankers anchored across the North Sea, “everywhere from the UK to France and the Netherlands.” In April, the US Coast Guard shared an alarming video that showed dozens of tankers spread out for miles along California’s coast.

On May 12, Greenpeace activists sailed into San Francisco Bay to issue a challenge to the public. In front of the giant Amazon Falcon oil tanker—which had been docked in the bay for weeks, loaded up with Chevron oil—they unfurled a banner reading, “Oil Is Over! The Future Is Up to You.”

The oil industry has turned the oceans into aquatic parking lots—floating storage facilities holding, at their highest levels in early May, some 390 million barrels of crude oil and refined products like gasoline. Between March and May, the amount of oil “stored” at sea nearly tripled, and it has yet to abate in many parts of the world.

This tanker invasion is only one piece of a dangerous buildup in oil supply that is the result of an unprecedented global glut. The coronavirus pandemic has gutted demand, resulting in the current surplus, but it merely exacerbated a problem that’s been plaguing the oil industry for years: the incessant overproduction of a product that the world is desperately trying to wean itself from, with growing success.

Today, the global oil industry is in a tailspin. Demand has cratered, prices have collapsed, and profits are shrinking. The oil majors (giant global corporations including BP, Chevron, and Shell) are taking billions of dollars in losses while cutting tens of thousands of jobs. Smaller companies are declaring bankruptcy, and investors are looking elsewhere for returns. Significant changes to when, where, and how much oil will be produced, and by whom, are already underway. It is clear that the oil industry will not recover from COVID-19 and return to its former self. What form it ultimately takes, or whether it will even survive, is now very much an open question.

Under President Donald Trump, the United States has joined other petroleum superpowers in efforts to maintain oil’s dominance. While government bailout programs and subsidies could provide the lifeline the industry needs to stay afloat, such policies will likely throw good money after bad. As Sarah Bloom Raskin, a former Federal Reserve governor and former deputy secretary of the Treasury, has written, “Even in the short term, fossil fuels are a terrible investment. . . . It also forestalls the inevitable decline of an industry that can no longer sustain itself.”

In contrast to an agenda that doubles down on dirty fuels, a wealth of green recovery programs aim to keep fossil fuels in the ground as part of a just transition to a sustainable and equitable economy. If these policies prevail, the industry will rapidly shrink to a fraction of its former stature. Thus, as at no other time since the industry’s inception, the actions taken now by the public and by policymakers will determine oil’s fate.

The Greenpeace activists are right. Whether the pandemic marks the end of oil “is up to you.”

The Green New Deal Just Won a Major Union Endorsement. What's Stopping the AFL-CIO?

By Mindy Isser - In These Times, August 12, 2020

The American Federation of Teachers (AFT), the second largest teachers’ union in the country, passed a resolution in support of the Green New Deal at its biennial convention at the end of July. The Green New Deal, federal legislation introduced in early 2019, would create a living-wage job for anyone who wants one and implement 100% clean and renewable energy by 2030. The endorsement is huge news for both Green New Deal advocates and the AFL-CIO, the largest federation of unions in the United States. The AFT’s endorsement could be a sign of environmental activists’ growing power, and it sends a message to the AFL-CIO that it, too, has an opportunity to get on board with the Green New Deal. But working people’s conditions are changing rapidly, and with nearly half of all workers in the country without a job, the leaders of the AFL-CIO and its member unions may choose to knuckle down on what they perceive to be bread-and-butter issues, instead of fighting more broadly and boldly beyond immediate workplace concerns.

The AFT endorsement follows that of the Association of Flight Attendants-CWA (AFA-CWA), Service Employees International Union (SEIU), National Nurses United (NNU) and the Maine AFL-CIO — all of which declared their support for the Green New Deal in 2019. And while local unions have passed resolutions in support of the Green New Deal, the AFT, NNU and AFA-CWA are the only national unions in the AFL-CIO to endorse the Green New Deal. (SEIU is affiliated with another labor federation, Change to Win.)

Yet the AFL-CIO has remained resistant. When Sen. Ed Markey (D‑Mass.) and Rep. Alexandria Ocasio-Cortez (D‑N.Y.) introduced the Green New Deal legislation in February 2019, AFL-CIO President Richard Trumka told reporters, ​“We need to address the environment. We need to do it quickly.” But he also noted that, ​“We need to do it in a way that doesn’t put these communities behind, and leave segments of the economy behind. So we’ll be working to make sure that we do two things: That by fixing one thing we don’t create a problem somewhere else.”

Where Trumka has been skeptical and resistant, some union leaders in the federation have been more forceful in their opposition; many unions with members who work in extractive industries, including the building trades, slammed the legislation. Cecil Roberts, president of the United Mine Workers of America (UMWA), and Lonnie Stephenson, president of the International Brotherhood of Electrical Workers, wrote a letter to both Markey and Ocasio-Cortez on behalf of the AFL-CIO Energy Committee that said, ​“We will not accept proposals that could cause immediate harm to millions of our members and their families. We will not stand by and allow threats to our members’ jobs and their families’ standard of living go unanswered.”

Solidarity School #1: Our Fight for A Just Recovery

The Prospects for Revolutionary Green Union Led Transformation

By x344543 - IWW Environmental Unionism Caucus, August 8, 2020

The evidence becomes more and more clear with each passing day: in order to avoid climate catastrophe and the irreparable destruction of our planet's biosphere, we need nothing less than a revolutionary green transformation of our civilization from stem to stern. These are sobering truths. The reassuring news is that the number of people that realize this, and are prepared to act, is growing day-by- day, throughout our world, in spite of the threats of resurgent fascism, capitalism's perpetual melt downs, and pandemics caused by the likes COVID-19.

The evidence can be seen by the following:

  • A growing number of people willing to take direct action to protect the earth from ecological destruction, climate catastrophe, and capitalist extractivist projects;
  • Increased awareness of the inseparability of ecocidal capitalism, colonialism, racism, and misogyny; this has corresponded with the growth of intersectionality.
  • The decline of climate change denialism;
  • The cancellation of numerous pipeline and other fossil fuel mega projects;
  • Persistently high levels of support for transformative frameworks, like the Green New Deal, limited and reformist though it may ultimately prove to be;
  • And, notable among these trends are growing levels of class consciousness among the climate justice and ecological movements, as shown by the rapid growth and widespread calls for just transition for workers affected by the transitions and transformations the current crises demand.

These developments are welcome, and they point to both the broadening and deepening of an anti-capitalist green transformational movement. However, no transformation can occur without the active support of the working class, and such support is but the beginning of what is needed to motivate the transformation. No revolutionary green transformation can occur without the participation of workers organized at the points of production and/or destruction, because it is precisely there where the capitalist class maintains its economic stranglehold of power over our civilization.

Is achieving such organized power even remotely possible?

The good news is the answer is "yes"; the not so good news is that getting to "yes" will be challenging.

The justice and equity implications of the clean energy transition

By Sanya Carley and David Konisky - Nature Energy, August 2020

The transition to lower-carbon sources of energy will inevitably produce and, in many cases, perpetuate pre-existing sets of winners and losers. The winners are those that will benefit from cleaner sources of energy, reduced emissions from the removal of fossil fuels, and the employment and innovation opportunities that accompany this transition. The losers are those that will bear the burdens, or lack access to the opportunities. Here we review the current state of understanding—based on a rapidly growing body of academic and policy literature—about the potential adverse consequences of the energy transition for specific communities and socio-economic groups on the frontlines of the transition. We review evidence about just transition policies and programmes, primarily from cases in the Global North, and draw conclusions about what insights are still needed to understand the justice and equity dimensions of the transition, and to ensure that no one is left behind.

Read the text (PDF).

There May Be No Choice but to Nationalize Oil and Gas—and Renewables, Too

By Sean Sweeney - New Labor Forum, August 2020

Once on the margin of the margins, calls for the nationalization of U.S. fossil fuel interests arebgrowing. Before the Covid-19 pandemic, the basic argument was this: nationalization could expedite the phasing out fossil fuels in order to reach climate targets while ensuring a “just transition” for workers in coal, oil, and gas. Nationalization would also remove the toxic political influence of “Big Oil” and other large fossil fuel corporations. The legal architecture for nationalization exists—principally via “eminent domain”—and should be used.

But the case for nationalization has gotten stronger in recent months. The share values of large fossil fuel companies have tanked, so this is a good time for the federal government to buy. In April 2020, one source estimated that a 100 percent government buyout of the entire sector would cost $700 billion, and a 51 percent stake in each of the major companies would, of course, be considerably less. However, in May 2020 stock prices rose by a third or so based on expectations of a fairly rapid restoration of demand.

But fears of a fresh wave of Covid-19 outbreaks sent shares tumbling downward in June. Nationalizing oil and gas would be a radical step, but this alone would not be enough to deliver a comprehensive energy transition that can meet climate goals as well as the social objectives of the Green New Deal. Such a massive task will require full public ownership of refineries, investor-owned utilities (IOUs), and nuclear and renewable energy interests.

Progressives may feel it’s unnecessary to go that far; why not focus on the “bad guys” in fossil fuels and leave the “good guys” in wind, solar, and “clean tech” alone? But this is not an option. The neoliberal “energy for profit” model is facing a full-spectrum breakdown, and the energy revolution that’s required to reach climate targets poses a series of formidable economic and technical challenges that will require careful energy planning and be anchored in a “public goods” approach. If we want a low carbon energy system, full public ownership is absolutely essential.

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