Oil Should Stay in the Ground\u2014And Get Out of Politics

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Oil Should Stay in the Ground\u2014And Get Out of Politics
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'It’s time to get fossil fuel money out of politics and leave the oil in the ground.'

, ConocoPhillips and Chevron) and the American Petroleum Institute, an oil and gas lobbyist, have also been involved.The Pleiades Strategy report found the groups had limited success, getting only 22 of the proposed 165 anti-ESG laws passed, thanks to opposition from business, labour and environmental advocates, but laws that did pass — even those that were watered down — could affect climate and other policies to protect people and the planet.

Report co-author Connor Gibson warned that lack of success isn’t likely to deter oil interests. “We think this is the latest iteration of climate denial and obstruction and delay,” he told theIt’s astounding that people would put their short-term economic interests ahead of human health, well-being, and survival. But that’s what they are with all their influence over politicians, governments and media.

The fossil fuel economy is about more than just money, though. It’s also about consolidating power and wealth in a small number of people and companies, which creates greater inequality. This is far more difficult to do with energy from the sun and the wind compared to energy from coal, oil and gas. Numerous studies show the clean energy transition would save enormous amounts of money in everything from health care to energy expenses. Continuing to use coal, oil and gas, meanwhile, will become increasingly costly and deadly.. It found that in high-income countries, the richest 10 per cent of the given country’s population would bear two-thirds of the investment losses from scaling back fossil fuel production, with the wealthiest one per cent taking half that hit.

We have every reason to switch rapidly from fossil fuels to renewable sources — and to conserve energy and improve efficiency. We’re also increasingly finding that the corporate, political and media justifications for avoiding or delaying the necessary shift are brought to you by the industry itself, often clandestinely.This work is licensed under a Creative Commons Attribution-Share Alike 3.0 License.

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