DITCHED:  Is 2020 the Tipping Point for Fossil Fuel Divestment?

DITCHED: Is 2020 the Tipping Point for Fossil Fuel Divestment?

Despite economic disruptions caused by the coronavirus pandemic, a growing number of countries, companies and financial institutions are committing to quit coal and are beginning to ditch oil and gas projects, too. 

In this episode of Political Climate’s special DITCHED series, host Julia Pyper speaks to Tim Buckley at the Institute for Energy Economics and Financial Analysis (IEEFA) about what’s driving the increase in fossil fuel exits around the globe, including in historically coal-dependent economies such as China and India.

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It’s a New Day in Washington.  What Will Business Do? click button

It’s a New Day in Washington.  What Will Business Do?

By Monica Medina, Co-Founder and CEO, Our Daily Planet  When it comes to climate action, conservation, and environmental justice, the election of Joe Biden and Kamala Harris will bring about a marked change in the federal government’s approach to these issues. Given that major environmental legislation will be hard to achieve in Congress, much will […]

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Ørsted Works to Bring More Union Labor to Offshore Wind

Ørsted Works to Bring More Union Labor to Offshore Wind

On Wednesday, Danish energy company Ørsted joined with North America’s Building Trades Unions (formerly known as the AFL-CIO’s Building and Construction Trades Department) to create a program that trains wind energy workers in hopes of deploying more offshore wind along the East Coast. In doing so, these groups have piloted a new way to create […]

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ExxonMobil Suffers Huge Losses, Job Cuts

ExxonMobil Suffers Huge Losses, Job Cuts

ExxonMobil ended its third quarter with a net loss of $680 million, compared to a $3.2 billion profit at the same time last year. The loss may prove to be the industry’s largest write-down in over a decade.

Why This Matters: It is hard to fathom how far the oil giant has fallen — and how fast.  ExxonMobil in 2013 was the largest company in the world, but it failed to modernize like its competitors.

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Pandemic Disrupts Growing Wind Industry

Pandemic Disrupts Growing Wind Industry

by Ashira Morris, ODP Contributing Writer The pandemic has created massive supply chain problems across industries, including for the growing wind energy business. According to reporting by the New York Times, the American Wind Energy Association estimates that the pandemic could threaten a total of $35 billion in investment and about 35,000 jobs this year. […]

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Post-Debate Poll Finds 57% of Registered Voters Support Phasing Out Fossil Fuels

Post-Debate Poll Finds 57% of Registered Voters Support Phasing Out Fossil Fuels

During the final presidential debate, Joe Biden affirmed that he supports phasing out the fossil fuel industry over time to make way for sustainable energy. A new Morning Consult/Politico poll found that 3 out of 5 voters support the idea.

Why This Matters: As Election Day draws near, new polls by Pew Research found that 68% of registered voters consider climate change to be a “very important” or “somewhat” important issue.

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