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'Tomorrow Is Too Late': Climate Strikers Target Fossil Fuel Financing Worldwide

By Jessica Corbett - Common Dreams, March 3, 2023

"The capitalistic system continuously puts profit over people," says Fridays for Future. "The Global North's fossil finance is the cause of the climate crisis, neocolonial exploitation, wars, and human rights violations."

"It's time to end fossil finance because #TomorrowIsTooLate!"

That's the takeaway message from climate strikers who took to the streets worldwide on Friday to demand an immediate end to the financing of all fossil fuel projects amid a worsening global emergency largely driven by coal, gas, and oil.

"The capitalistic system continuously puts profit over people," the youth-led Fridays for Future movement said in a statement. "Corporations' greed for more profit is driving the destruction of ecosystems and the climate. At the same time, frontline communities are paying the highest price while being the most affected by the climate crisis."

The Future of Energy and Work in the United States: The American Oil and Gas Worker Survey

By Megan Milliken Biven and Leo Lindner - True Transition, March 2023

At the end of 2021 and beginning of 2022, we circulated a cross sectional survey via social media platforms and through word of mouth. In total, 1,635 workers completed the survey. While responses revealed shared themes, such as the desire for employment stability, workers who participated in the survey were not a monolith. Workers ex- pressed unique and individual views specific to their career and life experiences, oftentimes revealing contradictions that all humans possess. No one is perfectly consistent and respondents to this survey are no different in that regard. One recurring theme, however, emerged. Workers ex- pressed gratitude for the opportunity to say their piece to a larger audience. As one survey respondent said, “I wish people knew our stories.”

Of course, a few dozen questions can only tell part of a story. We followed up with several survey participants to ask additional questions and learn more about their individual experience and attitudes towards their work and the future of the industry in their own words. We feature those conversations throughout this report as case studies.

Download a copy of this publication here (PDF).

New Report: Building Public Renewable Energy

By Johanna Bozuwa, Sarah Knuth, Grayson Flood, Patrick Robbins, and Olúfẹ́mi O. Táíwò - Climate & Community Project, March 2023

The Inflation Reduction Act provides tax incentives for corporate investment in renewable energy — but what if “we the people” created our own publicly owned and community controlled renewable energy system?

Building Public Renewables in the United States, a new report from the Climate and Community Project, proposes a “Federal Public Power Program [that] would inject straightforward, public investment into the electricity system.”

The report proposes to “counter the monopolized, fossil-fueled, and profit-driven status quo of today” with a federal program that would invest in:

  • Existing publicly owned and cooperative utility energy providers

  • Tribal Nations

  • Newly authorized Regional Power Authorities

  • Grants for democratic development and transparency

The report says, “The transition to renewable energy requires far more than just a technological swap driven by private companies. It requires reordering the electricity system so that it values good-paying jobs, justice, and democracy.”

A federal program could require projects to provide good jobs, prioritize funds to disadvantaged communities, and demand real accountability to the community.

Download this document (PDF).

L20 statement to the G20 Labour and Employment Ministers Meeting, 2023

By staff - International Trade Union Confederation, March 2023

In 2022, labour market conditions worsened significantly, chiefly due to tightening monetary policies. While households in all countries struggle with the rising cost of living, low wages and economic growth prospects, many developing countries are close to having exhausted their fiscal space. Austerity and budget consolidation at this stage would further reduce demand and employment levels, as well as impact social cohesion and resilience to future crises.

In this challenging setting, hundreds of millions of people are unemployed or remain outside the labour market. An estimated 214 million people are in jobs of such a low quality that their wages are insufficient to lift them out of extreme poverty.

As leading institutions warn of recession or severe economic slowdown, the G20 Labour Ministers need to act now to cushion against job losses, and to tackle all forms of forced labour, precarious work and poverty, inequality, and the price gauging that corrodes any nominal wage growth. Working people need higher wages which can be delivered through respecting and promoting trade union freedoms and collective bargaining and raising the level of minimum living wages. Labour Ministers must send a clear message to G20 Leaders on the realities and needs in the world of work. We urge Ministers to advocate for a fiscal and monetary policy that delivers a just transition and addresses the enormous investment gaps in public services, social protection, infrastructure, and development. We emphasise that strong social protection systems build climate resilience for workers and communities. We call for action to support gender equality, equal pay, and to put an end to violence and discrimination in the workplace.

Download a copy of this publication here (PDF).

Promise Breakers: Assessing the impact of compliance with the Glasgow Statement commitment to end international public finance for fossil fuels

By staff - Oil Change International, March 2023

This report, Promise Breakers: Assessing the impact of compliance with the Glasgow Statement commitment to end international public finance for fossil fuels, reveals that the Glasgow Statement, a joint commitment forged at the 2021 UN climate summit (COP26), is already shifting an estimated USD 5.7 billion per year out of fossil fuels and into clean energy, with the potential of a further 13.7 billion per year if all Glasgow Statement signatories fulfill their commitments.

The report’s key findings include that out of sixteen high-income signatories that provide significant levels of international public finance:

  • Eight have adopted policies that broadly meet the promise they made in Glasgow (Canada, the European Investment Bank, the United Kingdom, France, Finland, Sweden, Denmark, and New Zealand), shifting an estimated USD 5.7 billion per year out of fossil fuels and showing that the Glasgow Statement is having a real-world impact;
  • Four signatories (Belgium, Switzerland, the Netherlands, and Spain) have new policies that further restrict fossil fuel support but leave major loopholes and/or do not meet the end of 2022 deadline; 
  • Four signatories (Germany, Italy, Portugal, and the United States) have yet to publish new or updated policies. The United States has reportedly adopted a policy, but is refusing to publish it. Ongoing policy debates in Germany and Italy suggest that these countries are likely to introduce loopholes in any forthcoming policies that allow continued fossil fuel financing;
  • Just days after this report was finalized, it appears Canada’s export credit agency, Export Development Canada is already in breach of their policy by approving four international oil and gas transactions totaling at least USD 5.5 million already in 2023.

The report contains a detailed report card on each signatories’ policies, with recommendations for improvement. It highlights key opportunities for signatories to increase their clean energy finance levels, work together to reiterate and strengthen their commitment to end international finance for fossil fuels at the Japan-led G7 in May and negotiate oil and gas export finance restrictions at the OECD.

Read the entire statement (PDF).

Rooftop Solar Justice

By Howard Crystal, Roger Lin, and Jean Su - Center for Biolgical Diversity, March 2023

A war over the nation’s energy future is raging across the United States. On one side are everyday people who can benefit from clean, renewable energy through distributed-solar projects like rooftop and community solar. On the other side are for-profit electric utilities threatened by distributed solar’s impact on their lucrative, guaranteed profits. These companies are using their influence with regulators and legislators in a coordinated effort to undermine the expansion of distributed solar. They recently succeeded in California. This report addresses the environmental and economic justice of net energy metering, or NEM, and the utility industry’s false and self-serving claims against distributed-solar growth.

To combat the climate emergency and pervasive energy inequity, we need to maximize distributed solar development. NEM already exists in many states and is a key policy driver to expand distributed solar. Customers pay only for the net electricity they use each month, considering both the power going to the grid when rooftop-solar systems generate excess electricity and the power coming in from the grid (particularly at night). Net metering substantially reduces electricity bills, allowing people to recoup their distributed-solar investments.

For-profit utilities are fighting NEM on multiple fronts and in many states. In California, for example, they recently convinced regulators to gut net metering for new customers. In Florida a utility-backed bill to gut net metering passed the legislature. Utility companies fight NEM because it undermines their business model, which assumes that centralized utilities are the only legitimate makers and sellers of electricity.

As this report shows, anti-net-metering talking points are based on an outdated version of the grid, where for-profit utilities control everything. Utilities want to gut net metering to maintain control and use the proceeds to pay for rising utility costs, including the growing costs of addressing climate-fueled catastrophes and stranded assets in fossil fuel infrastructure.

Read the entire statement (PDF).

Groundbreaking alliance of unions and campaigners join XR action next month

By staff - Morning Star, March 2023

A GROUNDBREAKING alliance of unions and campaigners have announced their commitment to stand with Extinction Rebellion as the climate group is set to take mass action next month.

Thousands are expected to descend on Parliament between April 21 and 24 for The Big One, a weekend of protest against the government’s ongoing failure to tackle the climate emergency.

PCS union, NEU Climate Change Network, the Campaign for Nuclear Disarmament (CND), Greenpeace, Friends of the Earth, Global Justice Now and Black Lives Matter (BLM) are among groups that have joined the alliance.

John Moloney, PCS assistant general secretary, said: “PCS members taking strike action understand the need to co-ordinate across our movements to win our demands for better pay and to safeguard jobs.

“The climate and nature emergency requires the same to win the future we desperately need in the face of multiple crises — this is why we are supporting XR’s action.”

The announcement falls on the day the latest UN intergovernmental panel on climate change (IPCC) report is published, warning that drastic action is needed to meet its target of limiting global temperature rises to 1.5°C.

Episode 2: Finding your niche in the renewable energy sector

Nationalize the Railroads Now!

There’s a big pot of climate bill money waiting to be seized: activists can’t miss the opportunity

By Jeff Ordower and Daniel Hunter - Waging Nonviolence, February 22, 2023

The Inflation Reduction Act wasn't written for climate justice, but there’s a ton of money for organizers and movement players to access.

Yes, the Inflation Reduction Act is the most consequential piece of climate legislation in the U.S. Yes, it’s also the only federal legislation. Yes, it’s imperfect. Yes, parts of it are downright vile. Yes, the negotiations exacerbated tensions between insider green organizations and those on the frontlines. 

But let’s be real, nothing more is going to pass at the federal level in the foreseeable future. So now that the IRA is the law of the land, how do organizers and movement players work with it? 

As long-time organizers and climate justice activists, we see organizing opportunities in the roughly $390 billion in climate funding available. As an analysis from Just Solutions points out, the bill was not written for climate justice. But there’s a ton of money that suddenly we can access for poor and disenfranchised communities — and it would be a wasted opportunity to leave that money on the table.

With all its limitations, the IRA can further our campaigns if we use the opportunity.

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