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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

Solidarity School #1: Our Fight for A Just Recovery

Self-Help in the Coronavirus Depression

By Jeremy Brecher - Labor Network for Sustainability, August 11, 2020

The second in a series of Mass Action in the Coronavirus Depression, LNS Research and Policy Director offers this: "Self-Help in the Coronavirus Depression." In the early years of the Great Depression of the 1930s, unemployed and impoverished workers turned to dramatic forms of self-help to survive. Anti-eviction “riots” led by organizations of the unemployed made it possible to protect hundreds of thousands of families from being evicted from their homes and ultimately forced government in many cities to halt evictions. And the unemployed in hundreds of communities formed mutual aid organizations through which they exchanged food, services, and labor outside the cash economy. These efforts are described in the commentary “Fighting the Great Depression – From Below. This commentary tells how those affected by today’s Coronavirus Depression are using self-help techniques like rent strikes and mutual aid exchange to survive depression conditions.

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.

Letter from USW Local 675 on Orphan Wells

By Philip Baker and David Campbell - United Steelworkers Local 675, August 5, 2020

We write to support an important economic recovery opportunity that will create jobs, provide tremendous health and environmental benefits to frontline communities, and advance a just transition away from fossil fuels: the accelerated remediation of oil and gas wells in California.

California law already requires that oil and gas operators fully fund the cost of oil and gas well remediation in California.

The job creation from this work is substantial. A recent national study estimated a total of 15.9 total jobs (direct, indirect, and induced) per million dollars spent.

Remediation of Oil and Gas Wells Must be Accelerated in Tandem with a Halt on Permitting New Wells and a Managed Phaseout of Oil and Gas Extraction.

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.

Forward Together: A Good Jobs and Climate Action Budget

By staff - Canadian Labour Congress, August 2020

The Canadian Labour Congress (CLC) believes that saving lives, protecting public health, and containing the coronavirus outbreak must remain the federal government’s overriding priority. In the near term, this includes continued income support for individuals unable to work due to COVID-19, as well as proper personal protective equipment, workplace health and safety precautions, and training for workers.

As public health measures permit, fiscal policy measures responding to the recession and unemployment crisis will need to prioritize helping Canadians return to decent jobs. The economic crisis has disproportionately affected low-paid, vulnerable workers in precarious employment, especially women, young workers, newcomers, workers of colour, and workers with disabilities. Accordingly, the plan for economic recovery must be gendered, inclusive, inequality-reducing, and sustainable.

Read the report (PDF).

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