Read the latest insights and analysis from the experts at Oil Change International.
“Today is a historic day for the Standing Rock Sioux Tribe and the many people who have supported us in the fight against the pipeline,” said Chairman Mike Faith of the Standing Rock Sioux Tribe. “This pipeline should have never been built here. We told them that from the beginning.”
For years, coal lobbyists have been saying we needed the dirty fossil fuel for when the wind didn’t blow or the sun didn’t shine. We always knew that was a lie. For years, Donald Trump tried to prop up a dying industry. And now the market has proved them both wrong. And there will be no going back.
There is no doubt we are at a historical moment with the industry in deep structural and financial trouble and where a post-COVID-19 recovery could see a radical shift away from oil and into a just transition into renewables. But will that happen?
By all accounts Trump’s handling of the Coronavirus pandemic has been a disaster for months.
Later today, U.S. President Donald Trump is set to meet with at least seven senior oil executives in person at the White House to discuss the historic plunge in the oil price.
Later today, the Senate is set to vote on an unprecedented $2 trillion bi-partisan stimulus package that is designed to try and prop up a creaking American economy, which has been brought to a juddering halt by the Coronavirus.
What America needs is a comprehensive vision for energy security, one that goes beyond fossil fuel independence. This plan should entail sustained investment in alternative fuel sources and technologies… If the United States really wants to be energy independent, it must look toward preparing for a post-oil future.”
Instead of responding responsibly to the climate crisis, the chief climate denier in the White House, Donald Trump, continues to promote the fossil fuel industry. And even worse, he wants to bail out his fossil fuel friends in response to the rapidly declining oil price.
“Shell’s concern, deeper than its fossil-fuel identity and more urgent than the climate crisis, is Shell. I don’t believe it’s going to lead us to the Paris climate goals, and Shell probably doesn’t believe it will either.”
We must fight climate denial with a new energy and vigor. In this new decade, we must ensure that the deniers’ day is finally done. As Greta Thunberg and the millions of young climate activists demand every week: it is time to listen to the science.
