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The House Committee on Government Oversight held the first in a series of hearings on climate change, with former Democratic Secretary of State John Kerry and Republican former Secretary of Defense Chuck Hagel both testifying that climate change presents “threat multiplying” security risks, and that intelligence and national security leaders of the last four Administrations (including President Trump’s current Director of National Intelligence and Secretary of Defense) have all been in agreement on this key point. The hearing seemed designed to stress that the security risks posed by climate have not been a partisan issue, but the Republicans on the Committee repeatedly questioned the science of climate change and preferred to attack the Green New Deal as what they considered to be the real threat. The Republicans were openly hostile to the notion of combatting climate change, and stuck to their guns.CNN described some of the key exchanges:
In another exchange, Rep. Massie “kept asking Kerry about levels of carbon dioxide being far higher millions of years ago, suggesting concerns about their rise now are overblown” to which Kerry responded, “[b]ut there weren’t human beings — it was a different world, folks.”
Secretary Hagel argued that climate change is having real impacts on military readiness — “[s]eventeen F-22 fighter aircraft are ‘out of the lineup’ because of hurricane damage at Tyndell Air Force Base in Florida.” and at Fort Bragg in North Carolina, “they can’t train, they’ve got to rebuild, they’ve got to shift their people and their structures and their planning. You could go on and on.” And Rep. Ocasio-Cortez questioned the witnesses with laser precision to establish key facts — that climate change is causing destruction to our military bases, eroding the health of our citizens and particularly our military force, exacerbating global disease outbreaks, increasing migration patterns in Europe and the Pacific and the Middle East, and fueling social unrest in many parts of the world. She also defended the government’s support for the development of clean energy as no more “socialist” than the massive tax breaks and subsidies the government provides annually to the oil and gas industry.
Why This Matters: The hearing was a pitched partisan battle — and one that foreshadows the election in 2020. Republicans will claim that Democrats are trying to use the false threat of climate change and the socialist Green New Deal as way to deprive rural citizens of the cheap power and coal, oil and gas jobs that have sustained them for many years. That threat is what makes them feel “insecure.” Democrats on the other hand feel increasingly “insecure” because as a society we are not dealing with the existential threat that climate change already is now and will be for the foreseeable future. And because we are failing to take advantage of the opportunity it presents to create a clean energy economy that will provide prosperity for future generations. Shots fired.
This past May, President Biden signed an executive order on climate-related financial risk, a cross-governmental plan that directs federal agencies to identify and mitigate financial risks presented by climate change to Americans, businesses, and the government itself. Progress on this order was made over the weekend when Treasury Secretary Janet Yellen announced that the Financial Stability […]
Why This Matters: Money talks. Investors are increasingly willing to walk away from deals like oil and gas drilling projects in the Arctic or investments in fossil fuel companies that refuse to change their business models.
American financiers are moving to divest from fossil fuels to help the U.S. reach net-zero carbon emissions, but some state Republicans are fighting back. Fifteen Republican state treasurers are now threatening to pull hundreds of billions of dollars worth of assets from large financial institutions if they move forward decarbonizing their portfolios per a letter they wrote to Climate Envoy John Kerry.
Why This Matters: Banks and financiers have invested billions in destructive environmental practices. Deforestation funded by the world’s largest banks increased in 2020 despite COVID-19.
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