“even as unprecedented heat waves and simultaneous extreme weather events blow holes in household and public budgets alike, the industry responsible is receiving $13 million from the public every minute.” #energyextortion #climatechange https://www.imf.org/en/Blogs/Articles/2023/08/24/fossil-fuel-subsidies-surged-to-record-7-trillion

Approaching 6 times its projected cost, Canada's TMX fiasco continues from the ridiculous firmly into the absurd, Canadian banks remain the only financial institutions in the world financing it and the Canadian government continues to ensure its own climate obligations will never be met. #energyextortion #climate #climatechange
https://www.nationalobserver.com/2023/05/16/news/canadas-biggest-banks-pitch-another-3-billion-trans-mountain-pipeline

Yet another Big Oil company finally being held accountable for decades of greenwashing (lying).
#greenwashing #EnergyTransition #energyextortion #climate #ClimateChange #ClimateJustice
https://www.desmog.com/2023/05/09/italys-eni-faces-lawsuit-alleging-early-knowledge-of-climate-change/

Big Oil’s latest record-breaking profits just further illustrate the folly of believing we can depend on corporations to voluntarily do the right thing for people who aren’t shareholders, much less the planet. After all, much of these Q1 profits were paid out in dividends to shareholders.
#climate #ClimateChange #energyextortion #EnergyTransition
https://open.substack.com/pub/heated/p/putting-big-oils-profits-in-perspective?r=1g5ep&utm_campaign=post&utm_medium=web

"These groups fighting offshore wind say it’s about whales—but they’re funded by Big Oil
To date, no evidence has been found to link wind-farm construction to whale deaths."
#misinformation #disinformation #energyextortion #ClimateChange
https://www.fastcompany.com/90856401/these-groups-fighting-offshore-wind-say-its-about-whales-but-theyre-funded-by-big-oil

Oil and Gas knew 50 years ago and lied, and continue to lie to this day - even about gas stoves.
#energyextortion #ClimateChange #disinformation #misinformation #energytransition
#EXXONknew
https://www.desmog.com/2023/03/02/american-gas-association-knew-stoves-air-pollution-1970s/

"Canadians are struggling with the cost of living, while oil companies are reporting record profits and continuing to rake in public subsidies. Meanwhile, Trans Mountain gets the benefit of low interest rates and extended payback periods." #energyextortion #disinformation #fossilfuelsubsidies #ClimateChange
https://www.nationalobserver.com/2023/02/27/opinion/chrystia-freeland-trans-mountain-pipeline-propped-up-canadian-banks

“Enbridge is proposing ways to mitigate its own risk while opposing ways to mitigate risks for customers,” Elson said. He called it “hypocritical” because in other parts of Enbridge’s application, it’s arguing the risk isn’t enough for the regulator to protect customers.
#energyextortion #ClimateChange #ClimateJustice #energytransition
https://www.nationalobserver.com/2023/02/22/news/risk-death-spiral-enbridge-increases-rate-hike-application

“At this point, we know the price of gas is volatile and anything we do that locks us deeper into depending on gas as a fuel to heat our homes or power our buildings is not the right approach. The biggest thing to me that Polis said was underscoring the need to reduce our dependence on this volatile fuel.”
#energyextortion #ClimateChange #renewables #climate
https://www.eenews.net/articles/why-energy-bills-skyrocketed-in-the-u-s-west/

Just more deception and duplicity from oil and gas...
"While price volatility for gas in Europe is already easing, most of the new contracts won’t deliver gas until 2026 or later, after which they will lock in purchases for 20 years or more." #energyextortion
https://www.theguardian.com/environment/2023/feb/22/us-oil-gas-lng-contracts-russia-ukraine

"The report slammed oil and gas majors’ refusal to pay up the some $100 billion needed for technologies to spearhead the emissions cuts, which is less than 3% of the industry’s profits in 2022." #energyextortion #ClimateChange #climate #energytransition #energy #methane #pollution
https://apnews.com/article/climate-and-environment-business-612def51e397db74daab9ef7ae22b17e

"the fossil fuel industry needs the public to believe that the positives of fossil fuels outweigh the negatives.

It’s much easier to push that narrative when the worst negatives—the oil refinery air pollution, the coal ash water contamination, the petrochemical train derailments—only affect the poorest in society."
#ClimateChange #environment #climate #pollution #energyextortion #misinformation
https://heated.world/p/this-is-what-they-call-essential

#energyextortion #climatechange #energytransition #climate

https://www.nationalobserver.com/2023/02/14/news/enbridge-ontario-gas-expansion

"The European Commission has told member countries that a joint EU exit from a controversial international energy treaty appears inevitable, according to a document seen by Reuters, with some of them already announcing they would leave the accord over climate concerns."
#energy #energyextortion #climate #climatechange #energytransition
https://www.climatechangenews.com/2023/02/08/europe-proposes-mass-exit-from-energy-treaty/

"The science is clear, however: In order to avert climate disaster, the world needs to stop using fossil fuels as quickly as possible. As BP’s announcement clearly illustrates, as long as there’s still money to be made in fossil fuels, oil companies can’t be trusted to do what needs to be done."

#climatechange #climate #renewables #energyextortion

https://gizmodo.com/bp-backtracks-climate-goals-oil-profits-1850084748