The drafting process has been "completely captured by swarms of fossil fuel lobbyists and shamefully weaponized by low-ambition countries," says Environmental Justice Foundation CEO.
Morgan Stanley joined Bank of America and Citigroup in leaving the Net-Zero Banking Alliance.
A host nation that promises progress but relies on regressive policies is revealing just how seriously fossil fuel interests have coopted UN climate talks.
"The Biden administration has clearly fallen for this scam hook, line, and sinker," said one campaigner. "This multibillion-dollar bet on greenwashed dirty energy will undermine efforts to address the climate crisis."
Existing pledges tend to ignore emissions caused by the distribution and consumption of petroleum products, and not a single fossil fuel company has committed to ending oil and gas production by 2050.
You might think oil and gas execs would hate the largest piece of climate legislation ever passed. But it actually gives them money that helps maintain their core business model.
"Big Oil executives are laughing at the people trying to protect our planet while they knowingly work to destroy it," says Rep. Ro Khanna.
Net zero policies will not keep warming to within 1.5°C because they were never intended to.
Marxist economist Michael Roberts shares his take on the Glasgow climate talks -- what is on and what is not on the agenda.
The get-rich-quick scheme, banned in China and elsewhere, is invading U.S. communities unchecked, posing as an “equalizing, democratizing” currency.
It’s not.
