Central banks could play a critical role in catalyzing the rapid shift of financial flows away from oil, fossil gas, and coal, and toward the zero-carbon solutions required to confront the climate crisis. To date, however, this is still not happening.
A great new investigation by a wonderful old colleague of mine, Antonia Juhasz for Floodlight News and the Guardian, has found that Exxon's operations in Guyana will send more than 2 billion metric tons of carbon dioxide into the atmosphere.
New research, published in Nature Climate Change, has found “an almost complete loss of stability over the last century” of the ocean currents known as AMOC or more commonly the Gulf Stream. The currents are already at their slowest point for 1,600 years. But scientists worry that AMOC could be reaching a tipping point, leading to a total collapse.
In the coming months in the run up to the crucial climate talks, COP26 in Scotland, there will be a slew of false solutions on climate change announced, whether carbon, capture and storage (CCS) or carbon offsetting.
Oil giant Shell continues to excel as a climate villain, happy to drive humanity beyond the limits of a liveable future. And now it has been caught "gagging" the British Museum in a major greenwashing sponsorship exhibition on climate change.
Despite record floods in Europe and massive wildfires in the Pacific NorthWest, Big Oil remains in denial over climate change.
