In December, 415 investors put out a statement warning that unabated climate change could cause $23 trillion in global economic destruction over the next 80 years.

The Next Financial Crisis Could Be Caused by Climate Change: After wildfires bankrupted a major utility, there’s concerns that more severe natural disasters will lead to economic devastation, Geoff Dembicki,VICE, Jan 27 2019 A bike docking station during 2017’s Hurricane Irma in Miami, one of many severe weather events that were likely made worse by climate change. Photo by Joe Raedle/Getty …

Twice Burned, Once Shy—Why Californians Should Be Wary of Bailing Out PG&E Again

Publicly owned utilities in Missouri, Texas and Vermont have already deployed 100 percent renewable electricity systems.  And industry reliability data shows that the public power system tends to have better reliability, in large part because public owners don’t shortsightedly scrimp on maintenance for better quarterly returns.  Instead of investing billions in building and maintaining vulnerable transmission infrastructure, a publicly owned …

Mileage-based fee more effective than California’s new ZEV fee

Mileage-based fee more effective than California’s new ZEV fee By Brian Lutenegger, SSTI, January 14th, 2019 Tags: alternative energy, CA, revenue, VMT fees California is among the states that have added a special registration fee for zero emission vehicles. However, research commissioned as part of the enacting legislation casts doubt on the efficacy of the fee in paying California’s infrastructure costs, instead pointing to a road …

There’s a wider scandal being uncovered by the Trump investigations: Widespread corruption and financial malfeasance:

There’s a wider scandal being uncovered by the Trump investigations, The Conversation January 24, 2019 The investigations into the financial dealings of Donald Trump and his associates join a growing body of evidence pointing to lax enforcement of certain high-level financial crime. The scope of financial crimes unearthed so far by state and federal authorities investigating President Trump and his associates …

Fracked Shale Oil Wells Drying Up Faster than Predicted, Wall Street Journal Finds

By Sharon Kelly , DeSmogBlog, January 10, 2019 In 2015, Pioneer Natural Resources filed a report with the federal Securities and Exchange Commission, in which the shale drilling and fracking company said that it was “drilling the most productive wells in the Eagle Ford Shale” in Texas. That made the company a major player in what local trade papers were calling “arguably the largest single …

A Wealth Tax Could Raise Trillions — and Save Our Democracy

A Wealth Tax Could Raise Trillions — and Save Our Democracy, by Chuck Collins, in The Hill, February 02, 2019 See further down a local wealth tax effort/Clean Energy Fund in Portland… Most progressive solutions to massive levels of inequality have focused on taxing income at the very top at a higher rate. But taxing income alone fails to address these multi-generational icebergs …

Psychology of money

Excerpted from The Food Sharing Revolution: How Start-Ups, Pop-Ups, and Co-Ops Are Changing the Way We Eat by Michael Carolan. Copyright © 2018 Michael Carolan. Island Press, Washington, D.C. In 2006, Kathleen Vohs, at the University of Minnesota’s Carlson School of Management, and her colleagues published an article titled “The Psychological Consequences of Money” in the journal Science. In one study, participants were primed …

Community lending + creating business models driven by social purpose, not single pocketbook priorities

Hidden in Plain Sight: Across the country, Americans in all walks of life are creating companies with business models driven by social purpose, not just their own pocketbook priorities. Frances Moore Lappé, Common Dreams, January 19, 2019 Cooperative Home Care Associates (CHCA) honored by NYC Dominican Parade Association and CHCA workers march in the parade on August 14, 2016. In our capitalist …

Power of public banking: Renewables generated 41% of Germany’s electricity in 2017, up from just 6% in 2000; and public banks provided over 72% of the financing for this transition.

The Financial Secret Behind Germany’s Green Energy Revolution The “Green New Deal” endorsed by Rep. Alexandria Ocasio-Cortez, D.-N.Y., and more than 40 other House members has been criticized as imposing a too-heavy burden on the rich and upper-middle-class taxpayers who will have to pay for it. However, taxing the rich is not what the Green New Deal resolution proposes. It says funding would …

Take back the grid: Start a Community Ownership of Power Administration (COPA), modeled after the New Deal’s Rural Electrification Administration

This paper, co-written by Jackson Koeppel, executive director of Soulardarity in Highland Park, Michigan, and Liz Veazey, network director of We Own It, proposes a component of the Green New Deal that is explicitly designed to free communities from the unjust power of investor-owned utilities for the sake of not only de-carbonization but in order to transform our economy so it serves everyone. It’s …