Mastodawn

The €700 electricity bill we got a couple of weeks ago has literally up ended my plans for this entire year. 😢

Clif Nov 16, 2023

“the “carbon majors” responsible for the crisis at hand knowingly spent decades that could have been used to avoid disastrous global warming to make so much money they could have paid their “fair share” of climate-related damages and still pocketed US$10 trillion” #climatechange #energyextortion https://www.nationalobserver.com/2023/11/16/news/30-trillion-reasons-make-big-oil-pay

30 trillion reasons to make Big Oil pay up

Who should pay for climate-related destruction will be a contentious topic at COP28, and a new analysis shows that "carbon majors" have offloaded trillions of dollars of harm to the public while raking in trillions of dollars of benefit for shareholders.

Canada's National Observer

Clif Sep 20, 2023

"the only reason oil prices are high right now is because the Saudis and other OPEC members have decided to voluntarily cut millions of barrels of their production. But there’s only so far they’re going to cut, and only so long they’ll be willing to prop up the market — and by extension, Alberta’s treasury. When the Saudis decide it’s in their best interests to stop — say, when they see demand rolling over as renewables continue to take market share — they’ll happily flip the switch and flood the market all over again."

#energyextortion #energy #climate #climatedenial #climatechange #cdnpol

https://www.nationalobserver.com/2023/09/20/opinion/so-much-ethical-oil

So much for ethical oil

For years, Danielle Smith and other Alberta conservatives have called attention to Saudi Arabia's human rights abuses in order to advance their own economic interests. Now, they're allied in a fight against reality — and our future.

Canada's National Observer

Clif Aug 25, 2023

“even as unprecedented heat waves and simultaneous extreme weather events blow holes in household and public budgets alike, the industry responsible is receiving $13 million from the public every minute.” #energyextortion #climatechange https://www.imf.org/en/Blogs/Articles/2023/08/24/fossil-fuel-subsidies-surged-to-record-7-trillion

Fossil Fuel Subsidies Surged to Record $7 Trillion

Scaling back subsidies would reduce air pollution, generate revenue, and make a major contribution to slowing climate change

IMF

Clif May 18, 2023

Approaching 6 times its projected cost, Canada's TMX fiasco continues from the ridiculous firmly into the absurd, Canadian banks remain the only financial institutions in the world financing it and the Canadian government continues to ensure its own climate obligations will never be met. #energyextortion #climate #climatechange
https://www.nationalobserver.com/2023/05/16/news/canadas-biggest-banks-pitch-another-3-billion-trans-mountain-pipeline

Canada’s biggest banks pitch in another $3 billion for Trans Mountain

Trans Mountain will have to repay the banks, with interest, and experts warn it is unlikely the company will be able to repay banks based on the project’s construction costs, tolls and international oil markets.

Canada's National Observer

Clif May 10, 2023

Yet another Big Oil company finally being held accountable for decades of greenwashing (lying).
#greenwashing #EnergyTransition #energyextortion #climate #ClimateChange #ClimateJustice
https://www.desmog.com/2023/05/09/italys-eni-faces-lawsuit-alleging-early-knowledge-of-climate-change/

Italy’s Eni Faces Lawsuit Alleging Early Knowledge Of Climate Change

Italian oil major Eni is facing the country’s first climate lawsuit, with environmental groups alleging the company used “greenwashing” to push for more fossil fuels despite knowing of the risks posed by burning its products since 1970. Greenpeace Italy and Italian advocacy group ReCommon aim to build on a similar case targeting Anglo-Dutch oil major […]

DeSmog

Clif May 9, 2023

Big Oil’s latest record-breaking profits just further illustrate the folly of believing we can depend on corporations to voluntarily do the right thing for people who aren’t shareholders, much less the planet. After all, much of these Q1 profits were paid out in dividends to shareholders.
#climate #ClimateChange #energyextortion #EnergyTransition
https://open.substack.com/pub/heated/p/putting-big-oils-profits-in-perspective?r=1g5ep&utm_campaign=post&utm_medium=web

Putting Big Oil’s profits in perspective

The Q1 profits of the world’s four highest-polluting investor-owned companies could buy flood insurance for every home in Louisiana, among other things.

HEATED

Clif Mar 3, 2023

"These groups fighting offshore wind say it’s about whales—but they’re funded by Big Oil
To date, no evidence has been found to link wind-farm construction to whale deaths."
#misinformation #disinformation #energyextortion #ClimateChange
https://www.fastcompany.com/90856401/these-groups-fighting-offshore-wind-say-its-about-whales-but-theyre-funded-by-big-oil

Clif Mar 3, 2023

Oil and Gas knew 50 years ago and lied, and continue to lie to this day - even about gas stoves.
#energyextortion #ClimateChange #disinformation #misinformation #energytransition
#EXXONknew
https://www.desmog.com/2023/03/02/american-gas-association-knew-stoves-air-pollution-1970s/

Industry Knew About Gas Stoves’ Air Pollution Problems in Early 1970s

At the end of December 2022, when Americans were getting ready to spend hours indoors with family and friends — often in their kitchens, preparing holiday meals on the stovetop — a new study reignited a decades-old debate. The peer-reviewed research by the environmental think tank RMI (formerly Rocky Mountain Institute), the University of Sydney, […]

DeSmog

Clif Feb 27, 2023

"Canadians are struggling with the cost of living, while oil companies are reporting record profits and continuing to rake in public subsidies. Meanwhile, Trans Mountain gets the benefit of low interest rates and extended payback periods." #energyextortion #disinformation #fossilfuelsubsidies #ClimateChange
https://www.nationalobserver.com/2023/02/27/opinion/chrystia-freeland-trans-mountain-pipeline-propped-up-canadian-banks

Chrystia Freeland’s Trans Mountain pipeline is being propped up by Canadian banks

While the average Canadian is struggling with inflation and increased interest rates, TMX is getting special treatment from Canadian banks and hiding its full financial picture.

Canada's National Observer