Fossil fuel risk bond programs underway in Oregon and Washington, now part of national legislation

Center for Sustainable Economy’s (CSE) work on fossil fuel risk bond programs (FFRB) – a signature ‘polluter pays’ project on fossil fuel infrastructure that was launched about 2 years ago — would provide a major deterrent for building new fossil fuel infrastructure as well as incentives to retire existing infrastructure early in any jurisdiction that adopts it.   2019 and 2020 brought …

Opportunity amid crisis: Invest in different structures, organizing alongside or outside of the traditional unions, base-building and nonprofit organizations, enriching our movement ecosystem and augmenting our work for the multi-year struggles ahead

Crisis presents movement opportunities of which we cannot yet conceive—but we can build the scaffolding, skills, and people who are able to vision, throw down and support in these times of crisis. May we strengthen the old and build the new. BUILD NEW INFRASTRUCTURE FOR A BROADER MOVEMENT By Jeff Ordower, Organizing Upgrade, February 25, 2021 | ORGANIZE! Organizers can draw so much …

Whistleblower Accuses Exxon of ‘Fraudulent’ Behavior for Overvaluing Fracking Assets For Years

By Nick Cunningham • DeSmog, February 2, 2021 ExxonMobil announced a $19.3 billion write-down on Tuesday, a big hit to a company reeling from depressed oil and gas prices and a rapidly changing global energy market. The write-down reduces the value of the assets on Exxon’s books. The announcement comes as part of the company’s fourth quarter earnings for 2020. The fossil fuel giant, however, may …

Xcel Energy looks to avoid Colorado wildfires — and PG&E’s fate — and wants customers to pay for it

The company wants $589.7 million by the end of 2025 to maintain infrastructure and keep trees at bay. Consumer advocates say that’s not necessary. Lucy Haggard, Colorado Sun, Jan 20, 2021 Xcel Energy wants to charge its Colorado customers $589.7 million during the next five years to reduce their risk of causing wildfires, but consumer advocates aren’t buying it.  Xcel’s …

M4All saves money while covering everyone. Support for Medicare for All reaching 70%, according to Fox. Health insurance companies double profits. Over 90 million Americans uninsured or underinsured and can’t afford to go to a doctor when they get sick

By Matt Bruenig the Congressional Budget Office (CBO) released an estimate of the cost of implementing a single-payer health insurance program in the United States. The CBO’s report is more exhaustive than any other recent study on the subject and concludes that replacing our current system with a single-payer system would insure every American while reducing overall health spending in the country. …

U.S. Renewable Energy Consumption Surpasses Coal For 1st Time In Over 130 Years, but Still a Long Ways to Go for Electricity

December 31st, 2020 by U.S. Energy Information Administration   Monthly Energy Review in Clean Technica In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885, according to the U.S. Energy Information Administration’s (EIA) Monthly Energy Review. This outcome mainly reflects the continued decline in the amount of coal used for electricity generation over the past …

Just recovery policies

Foundations for a Just Recovery Many of the policy solutions we advocate for a just recovery are cross-cutting by nature. They aim to shift mindsets, cultural norms, how people are treated, how our voices are heard, and how bedrock environmental laws are upheld, creating an overarching structure from which to fight for social, environmental, and economic justice. Honor those whose …

651 American billionaires have gained $1 trillion of wealth – they could send a $3,000 check to every person in America and still be as rich as they were before the pandemic. Trickle-Down Economics vs. Build-Up Economics

Oh, and tax rates are historically low. Yet at the same time, more than 20 million Americans are jobless, 8 million have fallen into poverty, 19 million are at risk of eviction and 26 million are going hungry. Mainstream economists are already talking about a “K-shaped” recovery – the better-off reaping most gains while the bottom half continue to slide. …

Creative rebalancing of funding that goes to the source of our problems

By Thom Hartmann, LA Progressive, Dec 2020 excerpt The only way to deal with a death-dealing cult is to end it; thus, we must embark on a campaign to defund the Republican Party. Back in 1981, the Republican Party decided to defund the Democratic Party, and actually pulled it off. While the Republican Party had principally been funded by rich …