Fossil Fuels

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Wall street is bending to pressure to halt Arctic-oil loans

Arctic Drilling

By Jennifer A. Dlouhy, Bloomberg Green Highlights Environmental activists are fighting oil companies to keep drilling out of the Arctic National Wildlife Refuge by putting divestment pressure on banks. Tribal representatives and other environmental activists pressed banking executives about their policies during shareholder meetings and in conversations with sustainability directors Morgan Stanley has announced that … Read more

Categories Divestment Fossil Fuels
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Methane levels reach an all-time high

By Jeremy Deaton, Nexus Media Highlights The National Oceanic and Atmospheric Administration (NOAA) found that the greenhouse gas methane has reached all-time high levels in the atmosphere, threatening Paris Agreement climate goals. Methane is about 80 times more potent than CO2 and has been increasing its presence in the atmosphere for the last 20 years … Read more

Categories Fossil Fuels
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Environmental groups sue EPA over ‘reckless’ response to coronavirus

 By Yvette Cabrera, Grist Highlights The National Resources Defence Council (NRDC) is suing the U.S. Environmental Protection Agency (EPA) on behalf of a dozen environmental groups. Environmental groups across the country petitioned the EPA to publish an emergency rule that requires polluters to submit a public notice that they are taking advantage of newly relaxed … Read more

Categories Climate Justice Fossil Fuels Public Health
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Oil price collapses to below zero as demand takes a dive during pandemic

From Bloomberg Highlights The coronavirus pandemic has caused oil markets to plunge into the negative due to a lack of storage for unused oil.  Michael Tran, managing director of global energy strategy at RBC Capital Markets, says that there is little to be done about the market nose-diving even further: “Refiners are rejecting barrels at … Read more

Categories Fossil Fuels
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Gov. Newsom leads on public health, except when it comes to the oil industry

Fracking rig operates next to a walking and bike way for residents of Signal Hill drilling into the Los Angeles Oil Field. Photo by Sarah Craig.

By Rosanna Esparza and Ashley Hernandez, The Sacramento Bee ACTION ALERT: Send Governor Newsom a message now to reverse his decision and halt fracking. Highlights California Governor Gavin Newsom approved 24 new fracking permits for the state in the midst of shelter-at-home mandates as the COVID-19 pandemic rages on. Though Newsom is doing great at … Read more

Categories Divestment Fossil Fuels Public Health
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Trump’s move to suspend enforcement of environmental laws is a lifeline to the oil industry

By Marianne Levelle, Inside Climate News Highlights The Trump administration suspended U.S. environmental laws due to calls for help from the American Petroleum Institute. The suspension of the rules will ultimately lead to more pollution, making more people in frontline communities susceptible to health risks, including COVID-19.  The Environmental Protection Agency announced a policy that … Read more

Categories Climate Justice Fossil Fuels Public Health
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Air pollution linked to far higher Covid-19 death rates, Harvard study finds

by Damian Carrington, The Guardian Highlights New research from the Harvard TH Chan School of Public Health suggests that air pollution is linked to higher death rates for people that have contracted COVID-19 compared to those living in areas with cleaner air. Living in a polluted city in the past has an effect on death … Read more

Categories Fossil Fuels Public Health Transportation
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UBS says investors should prefer green bonds over regular debt

By David Caleb Mutua, Bloomberg Highlights According to UBS Global Wealth’s head of credit, Thomas Wacker, sustainable bonds are a “defensive opportunity” that credit investors should favor over non-green, investment-grade corporate notes The fossil fuel industry has no presence in the green bond market and are feeling the impacts of the turning economy due to … Read more

Categories Business Network Clean Energy Divestment Fossil Fuels