Undoing Equivalence: Rethinking Carbon Accounting for Just Carbon Removal

Front. Clim., 16 April 2021 | https://doi.org/10.3389/fclim.2021.664130 by Wim Carton1*, Jens Friis Lund2 and Kate Dooley3 – 1Lund University Center for Sustainability Sciences (LUCSUS), Lund, Sweden; 2Department of Food and Resource Economics (IFRO), Copenhagen University, Copenhagen, Denmark; 3Climate and Energy College, University of Melbourne, Parkville, VIC, Australia https://www.frontiersin.org/articles/10.3389/fclim.2021.664130/full Concerns are increasingly raised over the centrality of carbon removal in climate policy, particularly in the …

Biden Can Go Bigger and Not ‘Pay for It’ the Old Way

Excerpt: https://www.nytimes.com/2021/04/07/opinion/biden-infrastructure-taxes.html A Biden-led plan that is overly protectionist is a much greater inflation threat than a plan that isn’t paid for in the traditional deficit-neutral budgetary sense. This framework — based on the principles of Modern Monetary Theory — redefines fiscal responsibility by flipping the age-old question “How will you pay for it?” The real challenge is “How will you resource …

New York’s Public Power Bill Could Be a Model for the Rest of the Country. NY State Build Public Renewables Act sets path for faster, cheaper, better decarbonization.

The New York State Build Public Renewables Act. “We could see, for instance, federal money going to states so that they could set one up themselves so that they can build out public renewable energy in their states, bring down the cost, make it accountable to the people, and bring down energy poverty at the same time.” Dharna Noor 5/13/21, Gizmodo …

Plugging Abandoned and Leaking Wells

Excerpt from https://insideclimatenews.org/news/23052021/north-dakota-orphaned-abandoned-oil-gas-wells-methane-emissions/ June 2021 by Nicholas Kusnetz, The Environmental Protection Agency estimates that the nation’s unplugged wells leaked about 263,000 tons of methane in 2019, which, when compared to carbon dioxide over a 20-year period, is equivalent to the climate-warming emissions of more than 5 coal-fired power plants. The agency added that the actual figure could be significantly smaller or three …

G7 agrees to stop international funding for coal

In climate push, G7 agrees to stop international funding for coal Reuters | Elizabeth Piper and Markus Wacket The world’s seven largest advanced economies agreed on Friday to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets. Stopping …

RTD freed from farebox requirement

CO: Gov. Polis signs law giving RTD flexibility to reduce bus and train fares, charge for parking in lots https://www.masstransitmag.com/management/news/21224129/co-gov-polis-signs-law-giving-rtd-flexibility-to-reduce-bus-and-train-fares-charge-for-parking-in-lots It will be up to metro Denver’s transit system to make those decisions, but House Bill 1186 removes several restrictions in state law that had limited RTD’s options. Jon Murray, The Denver Post (TNS) May 25th, 2021 The Regional Transportation …

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 …