A new report, published by BankTrack members Greenpeace, Platform, and Pacific Environment, along with ShareAction, Oil Change International and Oceana, examines the risks to shareholder value from Royal Dutch Shell’s Alaskan Arctic drilling program.
First published on the Huffington Post Energy Blog Last year President Obama launched Power Africa, an initiative to double access to power in sub-Saharan Africa, where more than two-thirds of the population is without electricity. In a parallel move, the House Foreign Affairs Committee leadership introduced the Electrify Africa Act to encourage access to electricity … Read more
Yesterday, the CEO of Shell Oil announced sharply lower earnings and canceled plans to try to drill in Arctic seas off the coast of Alaska. While couched in terms of a temporary decision applying only to this summer’s drilling season, the actual press announcement by the company had the feel of a more dramatic change … Read more
For more than seven years, Pacific Environment and allies have single-handedly been stopping Shell Oil from drilling in fragile Arctic seas. Now, Shell is busy preparing to return to the Arctic in time to drill during the summer season. But this week a federal court threw a wrench into the oil giant’s plans when it … Read more
Today, the Directors of the U.S. Government’s largest trade promotion agency, the Export-Import Bank (Ex-Im Bank), approved restrictions on financing for coal plants abroad. In doing so, the Ex-Im Bank became the first government export credit agency in the world to curb coal plant financing. But the restrictions include unnecessary exemptions. For example, in some … Read more
This summer was big for our efforts to halt public financing for fossil fuel projects. In June, President Obama launched a Climate Action Plan that calls for a partial ban on U.S. Government financing for coal plants abroad, except in limited circumstances. The ban includes U.S. taxpayer-backed financing for coal plants through federal agencies such as … Read more
I hear that a lot these days from my friends in the U.S., along with expressions of concern for my health whenever I travel to China. It is nice to get sympathy for the job hazards I face, but then I have to remind these folks that people in China live with life-threatening air pollution … Read more
Suit charges taxpayer-backed U.S. Export-Import Bank with failure to assess environmental impacts of its dirty-fuel exports
A leading U.S. Government finance agency, the Export-Import Bank, yesterday voted to deny financing for the polluting and inefficient Thai Binh II coal power plant in Vietnam based on environmental concerns. The decision reinforced President Obama’s recently released Climate Action Plan, which included a commitment to end US funding of coal plants abroad except for rare exceptions and coincides with yesterday’s World Bank decision to also end virtually all coal plant financing.
Pacific Environment is applauding today’s decision of an obscure but rich federal bank called Export-Import Bank to implement one of the strongest elements of President Obama’s recently released Climate Action Plan—a commitment to end U.S. funding of fossil fuel plants abroad except for rare exceptions. Today, the Export-Import Bank’s Board of Directors voted to deny financing for the highly polluting and inefficient Thai Binh II coal power plant in Viet Nam.
Earlier this year, Pacific Environment exposed how the U.S. delegation to the U.N. agency overseeing the creation of new international shipping rules in Arctic waters led the charge for shockingly weak environmental protections. Headed by the U.S. Coast Guard, our representatives at the International Maritime Organization (IMO) strongly opposed Canada and Russia’s proposal to prohibit … Read more
On April 3, 2013, I met two girls playing outside their rural home in the Xigu District near Lanzhou, in Gansu Province, China. Like most kids, they were playful and full of laughter, but unlike most kids, these girls are only allowed to play outside for a limited time every day. I traveled to Xigu … Read more
When you throw a piece of trash from your car window, or get rid of your old computer in the woods anywhere in the United States, you’re violating littering or dumping laws, and chances are that you’d have to pay a fine if caught red-handed. But when it comes to the Arctic, our representatives think it’s okay to let … Read more
Back in January, I was asked to present on the topic of food sovereignty and climate change for the International Funders for Indigenous Peoples conference. As I was mulling over what to say, it dawned on me that most issues and threats that indigenous communities are facing today are quite similar, regardless of where they live. Indigenous … Read more
I was hopeful that some real progress would be made when the Department of the Interior suspended Shell’s drilling program in the Arctic because of the company’s chain of embarrassing failures and near-disasters in 2012. But last week, the government’s 60-day investigation of Shell’s Arctic drilling program mainly confirmed what we already knew: Shell is … Read more
When Shell announced yesterday that it was giving up on its plans to drill for oil in Alaska’s Arctic this year, I was elated—but not exactly surprised. A chain of embarrassing accidents in 2012 clearly demonstrated Shell’s inability to drill safely in the Arctic. These fiascoes prompted a review of Shell’s drilling program by the … Read more
In China, where coal is king, Pacific Environment is harnessing the power of social media to show that the emperor is wearing some very dirty clothes. We just launched “The Problem with Coal,” a Chinese-language blog on Weibo.com, China’s hugely popular social networking site. It focuses exclusively on coal’s devastating impacts on people’s health and … Read more
When I arrived at 1 Market Plaza in San Francisco this past Sunday, I saw an entire city block filled with people demanding that President Obama block the Keystone XL pipeline and take action on climate change. This was the largest environmental rally in San Francisco history, with 5,000 participants, and the largest nation-wide environmental … Read more
Campaigners are calling for a fundamental overhaul of World Bank lending to financial markets actors, following the publication of an Ombudsman audit.
We, the undersigned non-governmental organizations, write to urge you to use the occasion of the historic second meeting of Arctic environment ministers to strongly encourage Arctic states to take significant action to reduce emissions of black carbon.