fossil fuel capitalism

By Harrison Tasoff - The Current, May 18, 2023

As society reckons with climate change, there’s a growing call to keep fossil fuels right where they are, in the ground. But the impact of curtailing oil production will depend on the policies we implement to achieve this.

An interdisciplinary team of researchers investigated the carbon emissions, labor and health implications of several policies to reduce oil extraction, with a special focus on how the effects vary across different communities in California. Their results, published in Nature Energy, illustrate the tradeoffs between different strategies. For instance, models banning oil extraction near communities produced greater health benefits across the state, but they also led to more job losses, with disadvantaged communities feeling about one third of both the costs and the benefits.

With a goal to reach carbon neutrality by 2045, California is currently implementing some of the world’s most ambitious climate policies. As the country’s seventh largest oil-producing state and the world’s fifth largest economy, California provides a unique setting to study supply-side decarbonization policies. It already has a carbon cap-and-trade program and is currently debating a setback policy that would ban new oil production near communities.

Many considerations

Petroleum production is a multifaceted endeavor. The greenhouse gas emissions from burning fossil fuels are the main driver of climate change. Extracting these resources also emits CO₂ into the environment, in addition to air pollution and toxic substances. Any policies seeking to curb oil production will affect people for better and worse. The industry employed 25,000 Californians in 2019, and provides tax revenue to local governments. “Our analysis is trying to quantify what those tradeoffs look like as the state considers different policies,” said co-author Kyle Meng, an associate professor in UC Santa Barbara’s economics department and the Environmental Markets Lab (emLab) at the Bren School of Environmental Science & Management.

By James Tapper - The Guardian, May 14, 2023

People investing their pensions in funds that claim green credentials are being warned they may actually be backing the world’s largest oil and gas companies.

Carbon Tracker Initiative said that asset managers have invested $376bn (£295bn) in oil and gas companies, despite publicly pledging to back efforts to limit global temperature rises to 1.5C. The environmental thinktank based in London and New York found that more than 160 funds with a green label held $4.6bn in 15 companies including ExxonMobil, Chevron and TotalEnergies.

It also found that 25 members of the Net Zero Asset Managers initiative had invested in those companies and some had increased their holdings in 2022. NZAM said its international initiative started two years ago and investors needed time to change their strategies.

The warning comes as the UK’s Financial Conduct Authority prepares to publish anti-greenwashing rules that are intended to clean up how investment funds are labelled.

By Tracy Scott - Newsweek, May 3, 2023

When John Bayer got the call that the Marathon Martinez oil refinery was shutting down, he was sound asleep after his graveyard shift at the facility, where he worked a union job as a health, safety and emergency response resource. For John, the phone call did more than wake him up after a night of hard work. As an employee at the Marathon refinery for nearly two decades and as the sole provider for his wife and two kids, it shook the foundation of his life and career.

John was just one of nearly 350 workers represented by United Steelworkers Local 5, the union I lead, who lost their jobs when the Marathon refinery shut down in October 2020. John's story echoes that of thousands of oil and other workers across the country who are facing an uncertain future amid the changing energy landscape.

To be clear: In California and across the country, working people support addressing climate change and transitioning to renewable energy. But when refineries like the former Marathon facility shut down without a clear plan in place that involves unions from the outset, workers and the community inevitably get left behind.

In order to guarantee that California has an economy that works for everybody, impacted workers must be at the center of planning for the ongoing transition to clean energy, and they must have access to union jobs that guarantee financial security, strong protections, and good benefits.

By Greg Cumpton, PhD and Christopher Agbo - Ray Marshall Center and Texas Climate Jobs Project, May 2023

A new report from the Texas Climate Jobs Project and the Ray Marshall Center at the University of Texas, Austin, suggests that efforts for preventing and plugging methane leaks from oil and gas operations could result in the creation of thousands of jobs throughout Texas.

Under the U.S. Environmental Protection Agency’s (EPA's) recent methane reduction rule and a new methane fee under the Inflation Reduction Act, the oil and gas industry is expected to be hard hit, potentially resulting in the loss of untold jobs in oil and gas producing regions, notably in the Permian Basin, where nearly 40% of all oil production in the U.S. and nearly 15% of its natural gas production occurs.

However, the report suggests that an estimated 19,000 to 35,000 jobs could be created in Texas alone to mitigate such leaks. Specifically, the report suggests a significant workforce would need to be created to measure and detect methane leaks, decommission orphaned wells, replace components that leak gas, install flare systems in storage tanks, plug abandoned wells and more.

Download a copy of this publication here (PDF).

By staff - The Climate and Community Project, et. al., May 2023

It is indisputable that the climate emergency requires the United States to rapidly transform its majority fossil energy system to 100% clean and renewable energy.

The United Nations Intergovernmental Panel on Climate Change’s recent sixth synthesis report makes absolutely clear that an unprecedented bold transition to renewable energy with an equally aggressive effort to halt new fossil fuel development and phase out existing fossil fuel usage is absolutely vital to avoiding the most catastrophic consequences of climate change.

This necessary transformation presents a tremendous opportunity to pursue a far more just path forward—one that ends the status quo entrenchment of the fossil fuel industry; empowers federal agencies to use their authorities to accelerate the transitions to a justly sourced, justly implemented, resilient, and equitable power system; actualizes the principles of environmental justice; and preserves our core environmental laws.

This system is composed of our most commonsense and affordable solutions that can be deployed in an efficient and just manner: energy conservation, distributed and resilient renewable energy and storage, and responsibly-sited utility-scale renewables, all paired with robust community engagement and opportunities for real energy democracy.

However, both Congress and the Biden administration are failing to exercise their imaginations to embed justice in a renewable energy future.

After the passage of the Inflation Reduction Act, both Democratic and Republican Congress members have proposed numerous “permitting reform” proposals, but the majority continue to argue that achieving a fast transition to renewable energy necessarily means undermining bedrock environmental laws like the National Environmental Policy Act (NEPA).

This false logic must be interrogated. While these proposals might marginally improve the deployment of utility-scale renewable energy particularly on pristine lands, our energy needs can and must also be met with renewable energy on built surfaces that is more resilient, affordable, and respectful toward communities and wildlands.

Furthermore, any such purported gains of “permitting reform” proposals would be massively dwarfed by the emissions of fossil fuel projects that would also be expedited and result in deepening substantial environmental injustices for countless communities around the nation.

Download a copy of this publication here (PDF).

By Rachel Rose Jackson and Adrien Tofighi-Niaki - Corporate Accountability, May 2023

This exposé brings into question Chevron’s proclaimed climate action and ‘green’ image. Analysis of the activities associated with Chevron’s ‘net zero’ climate action plan raises significant concerns about whether its ‘climate action’ is displacing the needed emissions reductions to avoid climate catastrophe, spurring harm to communities and ecosystems, and further hindering the likelihood of meaningful climate action globally.

Key findings this research yielded:

• More than 90% of the carbon offsets Chevron has retired through the voluntary carbon market to ‘cancel out’ its emissions seem to be worthless— presumed ‘junk’ until proven otherwise.
• The technological ‘low carbon’ schemes appear to be failing to capture the emissions promised, in some cases missing targets by as much as 50%.
• A major proportion of the schemes it’s investing in as part of its ‘net zero’ plan are linked to claims of local community abuse, environmental degradation, and/or may even be fueling further emissions. Almost all of the harm claimed to have been inflicted is on communities in the Global South.
• Chevron’s ‘net zero’ pledge—even if fully implemented to the greatest effect without causing harm—overlooks 90% of the total emissions associated with its business practices.
• Chevron is ignoring the scientifically founded need for a fossil fuel phase out, projecting emissions for 2022-2025 equivalent to that of 10 European countries during a similar period.
• It invests millions annually to manipulate the political will for climate action, seeking to shape climate policy to its will.

It’s imperative that shareholders, policymakers, and the public see Chevron’s green claims for what they are—greenwashed destruction. As this exposé illustrates, Chevron appears to be continuing its legacy of preventing, not promoting, the legally binding regulations, the rapid deployment of real solutions and the fast track to Real Zero emissions that needs to happen to avert climate catastrophe.

Download a copy of this publication here (link).

By Adam Keller - Valley Labor Report, May 1, 2023

By Robert Bellefluer - La Coalition of Citizens and Organizations Committed to Rail Safety, April 29, 2023

On Saturday, April 29, 2023, prior to the screening of Academy Award-nominated director Philippe Falardeau (“The Good Lie”) and co-producer Nancy Guerin’s four-episode documentary series, Lac-Megantic:  This Is Not an Accident, a press conference is scheduled at 2:00 P.M. Eastern in the Alterna Savings Room on the ground floor of the Centre for Social Innovation,192 Spadina Avenue, Toronto, ON M5T 2C2, Canada. Residents of Lac-Mégantic along with members of Railroad Workers United and the Sierra Club are among a lineup of those who are demanding railroad safety now. 

A tragedy that should have been prevented, Lac-Mégantic’s Citizens Coalition for Railroad Safety member Gilbert Carett recalls, “Years before July 6, 2013, residents reported the industry for rolling poorly maintained, longer and heavier convoys carrying more crude oil, propane, and other chemicals on worn-out rails.” He cites a conflict of interest when, “security inspections are made by the companies themselves and are approved by their own authorities.”

No train derailment in our railroading history showcases the systemic failure of private railroad industry more comprehensively than the tragedy of Lac-Mégantic in Quebec, Canada, when a runaway train disaster sparked a series of events revealing an abyss of corporate greed, regulatory capture, disregard for human life, and scapegoating embedded in daily private corporate operations. “We call out for a public investigation of the July 6, 2013 destruction of our downtown,” insists Carett.

From the decimation of Lac-Mégantic to a recent intentional release and burn in East Palestine, OH that ignited a chemical so deadly its use as a weapon was banned in warfare after WWI, North America can only draw upon a single conclusion: “These events reveal completely that after 200 years of North American railroading, private ownership of this industry can never possibly work. It never has, and it never will,” affirms Karl ‘Fritz’ Edler, Special Representative of Railroad Workers United, Washington D.C.

By Mark Fiore, et. al. - Amazon Watch, April 26, 2023