article thumbnail

Banks Continue to Prop Up the Fossil Fuel Industry

Union of Concerned Scientists

Last month, the British-based Bureau of Investigative Journalism (TBIJ) reported that London-based HSBC, one of the world’s top-10 biggest banks, has helped raise $47 billion for the fossil fuel industry since its 2022 announcement that it would not finance new gas and oil infrastructure. degrees Celsius, or 2.7

article thumbnail

These Attorneys General Are Defending the Fossil Fuel Industry, Not Their States

Union of Concerned Scientists

Attorneys general (AGs) in the five states most vulnerable to climate change, however, are doing the exact opposite: Instead of defending their constituents, they are defending the fossil fuel industry. Moody also jumped in head-first to protect the fossil fuel industry.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Calling Out Climate Lies for a Living

Union of Concerned Scientists

Rex Tillerson, ExxonMobil CEO from 2006 to 2016. In my retelling of the show, I quickly pointed out that the UN Intergovernmental Panel on Climate Change had by then concluded that “most” of the increase in average global temperatures since 1950 was “very likely” due to the increase in human-made carbon emissions. His reply ?

article thumbnail

Ask a Scientist: Top Takeaways from the New EPA Carbon Pollution Rules

Union of Concerned Scientists

Last month, the Environmental Protection Agency (EPA) proposed new power plant carbon pollution standards that, if strengthened, would go a long way to help meet the Biden administration’s goal of slashing carbon emissions in half from 2005 levels by the end of this decade. Not even close. EPA Supreme Court decision in 2022.

article thumbnail

Wildfires and Power Grid Failures Continue to Fuel Each Other

Union of Concerned Scientists

Both fossil fuel and utility companies bear some responsibility for wildfires’ damage, and must be held accountable to ensure disadvantaged and low-income communities aren’t left to shoulder the costs and impacts of these disasters. Emissions traced to fossil fuel companies, on the other hand, have contributed to 19.8

article thumbnail

South Korea and Climate Change

Legal Planet

With economic growth have come carbon emissions. As of 2016, half of its total emissions are from the power sector, with 20% from industry and 15% from transportation, and. According to the Energy Information Agency , South Korea’s power sector is heavily reliant on fossil fuels.

article thumbnail

Have We Begun the Third Age of Climate Law?

Legal Planet

As this century began, things looked optimistic, with both presidential candidates favoring reductions in carbon emissions. Bush reversed himself and fervently embraced fossil fuels. California followed up the Pavley Act with AB32, which attacked carbon emissions more broadly and established a cap-and-trade scheme.

Law 266