#Fossilflation in action, European edition.

#climate #economics

Take that, #Fossilflation
https://www.nytimes.com/2023/07/17/business/ford-f150-lightning-electric-vehicle-prices.html
#climate #EV

#fossilflation > #greenflation

#climateflation > #fossilflation

#climate

Fossil fuel companies should not be profiteering off a global crisis – but they are: in the second quarter of 2022 alone, Canada’s top fossil fuel companies made $12 billion in excess profits, a three-fold increase compared to the same period last year. While ordinary Canadians struggle to put food on the table, cover rent and pay for basic necessities, Big Oil is raking it in, taking from your wallet and dumping it into rich shareholder pockets. This is #Fossilflation – and it’s a key driver of the cost-of-living crisis. Supporting Canadians with the soaring costs of living means a #WindfallTax on Big Oil's excessive profits. Join me in demanding the government immediately implement a Windfall Tax on greedy oil and gas companies to give back to Canadians and accelerate the shift away from fossil fuels >> https://act.gp/3RDDpXO

Fossil fuel companies should not be profiteering off a global crisis – but they are: Canada’s top fossil fuel companies made $12 billion in excess profits, a three-fold increase compared to the same period last year. This is #Fossilflation – and it’s a key driver of the cost-of-living crisis. Supporting Canadians with the soaring costs of living means a #WindfallTax on Big Oil's excessive profits.
https://act.gp/3VhBmvR Thanks!

Hey look, Tellurian agrees we should stop burning gas for electricity. It's just too valuable a source of fertilizer for food. #fossilflation

RT @PositiveMoneyUK: ⚡️ NEW: Shell, BP & Jeremy Hunt don’t want you to watch this video.

What’s the ONE word that tells you everything you need to know about your soaring energy bills?

📢 Watch, RT and take action now 👉 https://actionnetwork.org/petitions/break-free-from-fossil-fuels-to-bring-down-food-and-energy-prices/#01 #Fossilflation

🐦🔗: https://n.respublicae.eu/CarolineLucas/status/1646557774413692940

This one word captures everything you need to know about the energy + cl... https://youtu.be/EY7er3BXK9w
#Fossilflation

Fossilflation means our deadly dependence on fossil fuels is hurting our wallets as well as the planet.

Their prices are unpredictable, and determined by international markets beyond our control.

Recent shocks have been triggered by Russia's invasion of Ukraine & burst pipelines.

But why are we so exposed to these shocks?

This government has created a crisis by making us beholden to foreign despots & fossil fuel giants.

Read more about #fossilflation below ⤵️

https://positivemoney.org/2023/04/fossilflation-the-short-term-shocks-from-a-fossil-fueled-future/

#fossilflation gets top billing

Great story to boot https://www.nytimes.com/2023/02/18/climate/climate-change-cotton-tampons.html

After you've insulated the place, got the heat pump, upgraded appliances, cut the gas line, what next?

In #NYC (and plenty of other places), sign up for time-of-use pricing! ConEd isn't exactly advertising the step, but you'll cut your rates to 1.80 cents/kWh at night (e.g. when your dishwasher is set to run)

https://www.coned.com/en/accounts-billing/your-bill/time-of-use
#fossilflation #sustainability #climate #ClimateTech

Austrian national news: only 25% of Austrians ski regularly.

The two reasons cited: warm winters & costs aka fossil fuels & #fossilflation

https://oesterreich.orf.at/stories/3190889 #climate #skiing

Oh, FT. You're right, of course, that ECB and BoE have different statutory obligations — e.g. including "social progress" and improving the environment — than does the U.S. Fed. But #fossilflation falls into everyone's remit, as you say at least indirectly.

That means much more work on the fossil bit, for everyone. #climate #sustainability

Seems like #climatecrisis also hit #Bavaria at its core. #Hops harvest is on an all-time low, due to very dry summer. Additionally the #fossilflation kicks in, since hops drying is done with oil. Very original for Bavaria. 🤦🏻‍♂️ #Electrification of the drying process, of course, is not a topic being discussed. #StopFossilFuels #KeepItInTheGround #SaveBavariasBeer https://www.sueddeutsche.de/muenchen/freising/hallertau-landkreis-freising-hopfenernte-einbussen-energiekosten-1.5705551

Robust gas storage levels this winter must indeed "not provide 'false sense of security'."

The only way through is to get off oil, coal and gas, Russian or otherwise. #fossilflation

NYT: "German cabinet approved brakes on energy prices"

The key bit: actual structural reforms of the electricity market, not just the equivalent of a tax holiday. #fossilflation #ClimateEcon

(1) "Kuwait City: Money can insulate people from the heat, but only to a point and at a social cost. Many Kuwaitis never step outside for longer than it takes to walk to their cars. The rest of life is air-conditioned."

(2) "As Rich Spend, Rising Prices Challenge Poor"

Does anyone out there make the connection? 🤷🏾‍♂️
#fossilflation #ClimateEcon

@gwagner REALLY like that term. *makesnote to start using #fossilflation whenever possible...

RT @vale_caracci: 🔴 Almost 40% of inflation still driven by fossil fuel prices ⛽

👉Not a reason to hike interest rates up but to accelerate the energy transition! 🌱

#fossilflation

🐦🔗: https://nitter.eu/ernesturtasun/status/1531659753553805312

RT @OGestalten@twitter.com

Der Aufschrei-Reflex wegen teurem Sprit ist eine chronische Dummheit der Gesellschaft.
"Die Tarife für öffentliche Nahverkehre sind stärker gestiegen als die Benzinpreise."
#inflation #fossilflation #Fossilflation
https://taz.de/Benzinpreis-erreicht-Rekordhoehe/!5830449/ via @tazgezwitscher@twitter.com