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Should Your Union’s Pension Fund Divest from Fossil Fuels?

By staff - Labor Network for Sustainability, November 2018

This guide is designed to help you and your union consider whether you should divest from fossil fuels.

Working people collectively own an enormous amount of capital in our pensions. As a sector, pensions are the largest source of investment in financial holdings, even larger than standard investment houses and banks! Pensions constitute over $40 trillion! Our pension funds are invested in stocks and bonds that may not be serving our interests as working people and may be harming our families’ futures. Imagine what we might be able to support and build, imagine the great jobs we could create, if we use more of our pension funds to directly benefit our members and our families.

The Guide Contains:

  • An introduction to pension fund divestment and links to further information about it
  • Whether failure to divest can constitute a failure in fiduciary responsibility
  • How you can respond to divestment proposals and what questions need to be answered to reach a decision
  • How to start a divestment campaign yourself and answers to questions you may encounter from union members and divestment opponents

Download and Read the PDF Here.

Working Together for a Just Transition

By David Powell, Alfie Stirling and Sara Mahmoud - New Economics Foundation, November 2018

This short pamphlet has been produced to launch the New Economics Foundation’s new programme of work on the 'just transition'. Our interest is in the practicality of change: the policies, processes, narrative and investment needed to accelerate the UK’s progress on 'just transition', here and now. Over the coming months and years we will be working at local and national levels to explore what is needed to build common cause and provide the right mixture of incentives and critical challenge to all parties to help unlock a new momentum for a 'just transition' for the UK.

It has been produced in association with the Friedrich-Ebert-Stiftung’s London Office, part of the international network of FES. The London office was established in 1988 to promote better understanding of British- German relations. FES's work in the United Kingdom focuses in particular on the exchange of ideas and discussion on the following topics: common challenges facing Germany, the United Kingdom and the European Union; economic and social policy; experiences gained from differing regional and local policies and practices; and a continuing dialogue between politicians as well as between the trade unions in both countries.

Read the report (PDF).

Just cuts for fossil fuels? Supply-side carbon constraints and energy transition

By Philippe Le Billon and Berit Kristoffersen - Economy and Space, November 2018

Reducing greenhouse gas emissions has generally been approached through demand-side initiatives, yet there are increasing calls for supply-side interventions to curtail fossil fuel production. Pursuing energy transition through supply-side constraints would have major geopolitical and economic consequences. Depending on the criteria and instruments applied, supply cuts for fossil fuels could drastically reduce and reorient major financial flows and reshape the spatiality of energy production and consumption. Building on debates about just transitions and supply constraints, we provide a survey of emerging interventions targeting the supply of, rather than the demand for, fossil fuels. We articulate four theories of justice and selection criteria to prioritize cuts among fossil fuel producers, including with regard to carbon-intensity, production costs, affordability, developmental efficiency, and support for climate change action. We then examine seven major supply-constraint instruments, their effectiveness, and possible pathways to supply cuts in the coal, oil and gas sectors. We suggest that supply cuts both reflects and offers purposeful political spaces of interventions towards a 'just' transition away from fossil fuel production.

Read the text (PDF).

Why “Good Liberals” Won’t Save the Climate

By Scott Parkin - CounterPunch, October 24, 2018

“Shallow understanding from people of good will is more frustrating than absolute misunderstanding from people of ill will. Lukewarm acceptance is much more bewildering than outright rejection.”
–Martin Luther King Jr.

Radical Realism for Climate Justice

By Lili Fuhr and Linda Schneider - P2P Foundation, October 4, 2018

Limiting global warming to 1.5°C above pre-industrial is feasible, and it is our best hope of achieving environmental and social justice, of containing the impacts of a global crisis that was born out of historical injustice and highly unequal responsibility.

To do so will require a radical shift away from resource-intensive and wasteful production and consumption patterns and a deep transformation towards ecological sustainability and social justice. Demanding this transformation is not ‘naïve’ or ‘politically unfeasible’, it is radically realistic.

This publication is a civil society response to the challenge of limiting global warming to 1.5°C while also paving the way for climate justice. It brings together the knowledge and experience of a range of international groups, networks and organisations the Heinrich Böll Foundation has worked with over the past years, who in their political work, research and practice have developed the radical, social and environmental justice-based agendas political change we need across various sectors.

Download a complete PDF of this collection of documents.

Missing Pathways to 1.5°C: The role of the land sector in ambitious climate action

By Kate Dooley, Doreen Stabinsky, et. al. - Climate Land Ambition and Rights Alliance, October 2018

Current climate strategies are leading us to brink of disaster. While some level of removal of atmospheric carbon is inevitably required for the 1.5°C goal, due to historical and committed emissions, it is critical to limit this removal to the lowest amount possible, by restricting future greenhouse gas (GHG) emissions. Ecosystem-based solutions can offer immediate, accessible, cost-effective and equitable strategies for meeting the 1.5°C temperature goal. In the context of international efforts to address climate change and increasing evidence of its rapid environmental impacts this report presents a global call to action for governments, development institutions and the broader climate community that challenges the fundamental assumptions that have so far guided national and international climate policies. Here we demonstrate the potential for targeted policies in the land sector to reduce the sustainability risks associated with mitigating climate change, while protecting human rights—particularly the customary rights of indigenous and local communities—and ensuring ecosystem integrity and food security.

Many narratives about climate change begin by asking what mitigation actions are technically or economically feasible, and how we can use the land sector to sequester as much carbon as possible. They focus on addressing climate change now so that we might ensure food security, human rights and biodiversity in the future, with little emphasis on who bears the brunt of the impacts of mitigation. The analysis in this report starts from a different place, giving primacy to food security, protecting human rights and protecting and restoring natural ecosystems in the battle against climate change.

This report addresses the shortcomings of current modelling approaches to deep mitigation pathways. Integrated Assessment Models (IAMs) for 2°C and 1.5°C almost universally rely on intervention in the land sector on a truly massive scale, with most relying on bioenergy with carbon capture and storage (BECCS) to remove carbon-dioxide from the atmosphere and sequester it underground. In this report we substantiate and quantify the evidence that a large proportion, if not all of the required removals, could be achieved by conserving and enhancing natural sinks, while better land management and agricultural practices could avoid significant amounts of ongoing emissions. Further, when the protection and restoration of natural sinks is achieved through the stewardship of Indigenous Peoples and local communities, securing collective land and forest rights represents a far more equitable and cost-effective way to achieve

climate mitigation targets than other carbon capture and storage measures (Frechette et al., 2016).

This approach relies on ecosystem restoration to deliver ‘the missing pathway’ through avoided conversion of natural sinks and enhancing and protecting terrestrial ecosystems. It prioritises securing indigenous and community rights to land and utilises transformative agricultural practices to help eliminate over-production and consumption, including shifting diets and reducing demand for land for agricultural expansion.

Despite the advantages of multiple ecosystem-based carbon removal pathways in maintaining a liveable planet, such approaches have received little attention from policymakers. Policy choices have been largely informed by modelling that is geared toward accommodating our combustion-based economies, for instance building in the false solution of replacing fossil fuels with bioenergy. Policymakers have largely not been offered options that incorporate how behavioural and societal shifts—and strengthening tenure rights—can mitigate climate change.

The frame for considering pathways to 1.5°C must not be narrowly focused on emission reductions. Certainly the need for climate change action is urgent, but understanding the context for action is paramount. The world is one of growing inequality. Climate change arises from that inequality and feeds it, as the world’s wealthy continue over-consuming diminishing resources. The rest of this introductory section situates climate responses in the intersecting crises of climate, rights and biodiversity; addresses the shortcomings of modelling-based approaches to climate mitigation; and outlines our vision for ecosystem-based solutions that are centred on rights and food sovereignty.

Read the report (PDF).

Jobs vs the Environment?: Mainstream and Alternative Media Coverage of Pipeline Controversies

By Robert A Hackett and Philippa R Adams - Corporate Mapping Project, September 2018

Much of the argument advanced in support of expanding Canada’s fossil fuel production centres on job creation and economic benefits. Politicians, pundits and corporate spokespeople who support fossil fuel infrastructure projects—such as new oil and gas pipelines—often evoke this rhetoric when they appear in the media.

This study examines how the press—including corporate and alternative outlets—treats the relationship between jobs and the environment. Focusing on pipeline projects that connect Alberta’s oil sands to export markets, it also asks which voices are treated as authoritative and used as sources, whose views are sidelined, which arguments for and against pipelines are highlighted, and what similarities and differences exist between mainstream and alternative media coverage of pipeline controversies.

Read the report (PDF).

A Guide for Trade Unions: Involving Trade Unions in Climate Action to Build a Just Transition

By staff - European Trade Union Confederation, September 2018

A guide to a ‘just transition’ to a low carbon economy is published by the European Trade Union Confederation on May 15.

The 48 page document ‘Involving trade unions in climate action to build a just transition’ contains

  • Recommendations for economic diversification and industrial policy, skills, social protection and governance for a socially just transition
  • Information on how trade unions can and have been engaged in shaping national climate action
  • Examples of innovative projects that can inspire a more just transition

Key recommendations include

  • Promote economic diversification in regions and industries most affected by the transition
  • Negotiate agreements at sectoral and company level to map the future evolution of skills needs and the creation of sectoral skills councils
  • Establish dialogue with all relevant stakeholders and regional authorities to identify and manage the social impacts of climate policies
  • Promote the establishment of adequate social protection systems
  • Unions and workers should assess the risks linked to ‘stranded assets’

The guide shows that up to half of trade unions have NOT been consulted on sectoral decarbonisation strategies, but over 75% were consulted on long-term decarbonisation strategies for 2050.

Read the report (PDF).

Petro-masculinity: Fossil Fuels and Authoritarian Desire

By Cara Daggett - SagePub, June 20, 2018

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’.

Perhaps not surprisingly, given the amount of money and privilege at stake, the tragic ethos demanded by global environmental justice is being resisted. Those regions that have emitted the most carbon dioxide are positioning themselves to profit from a warming earth by advancing a militarised and corporatised version of climate security. The result, as Christian Parenti foresees it, is the likelihood of a ‘politics of the armed lifeboat’, given that, already,

the North is responding with a new authoritarianism. The Pentagon and its European allies are actively planning a militarized adaptation, which emphasizes the long-term, open-ended containment of failed or failing states – counter-insurgency forever. This sort of ‘climate fascism’ – a politics based on exclusion, segregation and repression – is horrific and bound to fail.

‘Climate fascism’, with its camps, barbed wire and police omnipresence, is a likely outcome of climate (in)security.

A nascent fossil fascism is already evident in the wake of the 2016 election of Donald Trump as President of the United States and the conservative capture of the US Congress. In a short time, the Trump Administration and the Republican Party have shored up fossil
fuel systems by denying climate change and dismantling a host of environmental policies including: withdrawing from the Paris Climate Agreement, installing a climate denier (Scott Pruitt) to lead the Environmental Protection Agency, taking steps to kill the Clean
Power Plan, weakening the Clean Air Act and the Clean Water Act, lifting a moratorium on new coal leases on federal land, ending a study on the health effects of mountaintop coal removal, and moving to open nearly all US coastal waters to offshore drilling for oil.

Climate denial obviously serves fossil-fuelled capitalist interests. However, coal and oil do more than ensure profit and fuel consumption-heavy lifestyles. If people cling so tenaciously to fossil fuels, even to the point of embarking upon authoritarianism, it is
because fossil fuels also secure cultural meaning and political subjectivities. Since the new imperialism of the 19th century, fossil fuels have become the metaphorical, material, and sociotechnical basis of Western petrocultures that extend across the planet.

In other words, fossil fuels matter to new authoritarian movements in the West because of profits and consumer lifestyles, but also because privileged subjectivities are oil-soaked and coal-dusted. It is no coincidence that white, conservative American men – regardless of class – appear to be among the most vociferous climate deniers, as well as leading fossil fuel proponents in the West.

Read the text (Link).

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