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Fossil Fuel Companies Make Billions in Profit as We Suffer Billions in Losses: 2024 Edition

Union of Concerned Scientists

Last year, I wrote that fossil fuel companies made billions of dollars in profit during 2022 as people around the world suffered billions of dollars in damage from climate and weather related disasters. Above: Lahaina, Hawai’i after the devastating August 2023 wildfire that killed more than 100 people and destroyed 2,700 homes.

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Here’s What We’re Asking Major Fossil Fuel Corporations at This Year’s Annual Meetings

Union of Concerned Scientists

At this year’s annual general meetings, major investor-owned fossil fuel corporations are facing fewer climate-related shareholder proposals than at any time since the adoption of the Paris climate agreement in 2015. Department of Justice to investigate the fossil fuel industry’s decades-long history of engaging in deceptive practices.

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Making Fossil Fuels Pay for Their Damage

Legal Planet

Production and combustion of fossil fuels imposes enormous costs on society, which the industry doesn’t pay for. One option, a tax on carbon dioxide emissions, gets the most attention but seems politically impossible. A more promising alternative might be a clean-up tax on the fossil fuel industry.

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Climate Litigation: Reflection and Anticipation for 2024

Union of Concerned Scientists

Below I reflect on my predictions before venturing into the uncharted territory of 2024. There was a glimmer of hope in Hawaii, however, when a state Supreme Court ruling opened the door for a potentially historic trial against oil companies set for 2024. Predictions for 2024 Now for the fun part.

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Angry About Stalled Progress on Fossil Fuels? Biden’s Not the Culprit.

Legal Planet

If you want our vote if you don’t want the blood of our generations to be on your hands, end fossil fuels.” Another said the president “is in a unique position to be a leader to end the fossil fuel movement globally.” The second reason is politics. There are three big reasons why his options are very limited.

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Climate Election 2024: “Drill, Baby, Drill” but Then What?

Legal Planet

The right-wing approach to energy in this critical 2024 election is straightforward: The U.S. should prop up fossil fuels, constrain renewables wherever possible, and claw back the federal government’s historic investments in clean energy, while reinvesting in nuclear energy and new nuclear weapons.

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Opinion: Donald Trump drills deep into the pocket of fossil fuel

A Greener Life

Especially since even some Republicans have begun to acknowledge the fact that renewable energy solutions are essential and that it’s time to pivot from fossil fuels — not to mention that, under the Biden administration, the US is already extracting fossil fuels at the highest rate in its history.