+- +-

+-User

Welcome, Guest.
Please login or register.
 
 
 
Forgot your password?

+-Stats ezBlock

Members
Total Members: 52
Latest: Carnesia
New This Month: 0
New This Week: 0
New Today: 0
Stats
Total Posts: 16222
Total Topics: 264
Most Online Today: 1
Most Online Ever: 201
(December 08, 2019, 11:34:38 pm)
Users Online
Members: 0
Guests: 0
Total: 0

Author Topic: 🦕🦖 Hydrocarbon 🐍 Hellspawn Mens Rea Actus Reus modus operandi  (Read 7743 times)

0 Members and 0 Guests are viewing this topic.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 33007
  • Location: Colchester, Vermont
    • Renwable Revolution
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 33007
  • Location: Colchester, Vermont
    • Renwable Revolution


A 🦕🦖 Big Oil Bailout Would Be the Opposite of the Green New Deal We Need

ALEXIS GOLDSTEIN, TRUTHOUT

Policy makers should let oil producers fail, and devote resources to stave off the climate crisis before it gets worse.
Read the Article →
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 33007
  • Location: Colchester, Vermont
    • Renwable Revolution
Is 🦕🦖 Big Oil finally getting stranded?
6,905 views•Apr 26, 2020


Just Have a Think
61.5K subscribers

Thanks to Russia and Saudi Arabia, global oil production has not decreased in reaction to the abrupt halt in our economies. That means all the pipelines, all the oil tankers, all the refineries and all the storage facilities are full to capacity with a commodity that nobody can use right now. Oil producers large and small are haemorrhaging money in a way that is genuinely threatening to their existence, and people are learning how to work from home in a way that may mean we choose to travel far less when the pandemic finally ends. So is this a 'Perfect Storm' that spells the end for BIG OIL?

Help support and influence the growth of the Just Have a Think initiative here:
http://www.patreon.com/justhaveathink

View all Just Have a Think videos here :
http://www.youtube.com/c/JustHaveaThink

Research Links
INTERNATIONAL ENERGY AGENCY REPORT
https://www.iea.org/articles/the-global-oil-industry-is-experiencing-shock-like-no-other-in-its-history

RYSTAD REPORT 😷 😵
https://www.rystadenergy.com/globalassets/pdfs/rystad-energy_covid-19-report_15-april_2020_final-public-version.pdf

GUARDIAN ARTICLE
https://www.theguardian.com/environment/2020/apr/01/the-fossil-fuel-industry-is-broken-will-a-cleaner-climate-be-the-result

BLOOMBERG REPORT ON REFINERIES
https://www.bloomberg.com/news/articles/2020-04-08/some-of-america-s-oil-refineries-face-closure-amid-demand-plunge

GREENPEACE ARTICLE
https://www.greenpeace.org/international/story/29458/peak-oil-decline-coronavirus-economy/

#strandedassets  #bigoil  #coronavirus
Category People & Blogs
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 33007
  • Location: Colchester, Vermont
    • Renwable Revolution
Quote
"After decades of financing climate destruction, JP Morgan Chase, Wells Fargo, Bank of America, and Citigroup got what they paid for: defaulting loans, declining assets, and a dangerously warming climate." said Tamara Toles O'Laughlin, 350.org's North America Director. "Now, in a desperate attempt to recoup what costs they can, these banks are taking ownership over oil and gas companies -- clarifying what many in the climate movement have known all along: our financial institutions are in bed with fossil fuels for short-term gains and long-term destruction. Sadly, it will be the workers, our communities, and those on the frontlines of dangerous fossil fuel projects who will bear the true cost of the damage."

Quote
Along with the terrible climate and public health impacts of funding these oil and gas companies to continue to pollute, allowing financial institutions to directly own fossil fuel assets is an open invitation to corruption. In 2013, JPMorgan Chase paid a $410 million fine for manipulating electricity markets in the Midwest. The same year, Goldman Sachs was caught fixing aluminum prices by hoarding it in warehouses owned by the bank. Allowing banks to own companies in an industry already known for its corruption, disregard for public safety, and flagrant violation of environmental laws is a recipe for disaster.

Quote
"This is like a bookie purchasing the track, only the track is a dying industry killing our chance at a future. Clearly these banks' climate commitments aren't worth the 'recycled' paper they were written on," said Tara Houska (Couchiching First Nation), founder of Giniw Collective. "It's our money in their vaults — hitting 'withdrawal' is long overdue."

There is little reason to believe that the four banks mentioned in the article have any intention of mitigating the climate impact of their actions. JPMorgan Chase, Wells Fargo, Citi, and Bank of America are, in that order, the four largest global bankers of fossil fuels, as detailed in the recently released "Banking on Climate Change: Fossil Fuel Finance Report 2020." 

"JPMorgan Chase, Wells Fargo, Bank of America and Citi are the top four fracking banks in the world, and the top four fossil fuel banks in the world >:(. This development exposes the central role of banks in fossil fuels and clearly illustrates the riskiness of fossil finance," said Jason Opeńa Disterhoft, senior campaigner with Rainforest Action Network. "As the COVID recovery goes forward, a common-sense guardrail should be: banks can't take public money without committing to zero out their fossil financing. No bailout without fossil phaseout."

Stop the Money Pipeline: Private banks owning 🦕🦖 oil companies is a recipe for disaster

Stop the Money Pipeline, April 10, 2020
The news that major U.S. banks like JPMorgan Chase are preparing to ask regulators to allow them to take direct ownership of oil and gas companies should ring major alarm bells on Capitol Hill and across the nation, according to organizations with the Stop the Money Pipeline coalition.
full article:
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

 

+-Recent Topics

Experts Knew a Pandemic Was Coming. Here’s What They’re Worried About Next. by Surly1
May 12, 2020, 07:46:22 am

Doomstead Diner Daily by Surly1
May 12, 2020, 07:40:17 am

Profiles in Courage by AGelbert
May 09, 2020, 11:47:35 pm

Money by AGelbert
May 09, 2020, 11:27:30 pm

Creeping Police State by AGelbert
May 09, 2020, 10:35:38 pm

COVID-19 🏴☠️ Pandemic by AGelbert
May 09, 2020, 10:19:30 pm

Resisting Brainwashing Propaganda by AGelbert
May 09, 2020, 10:07:28 pm

Corruption in Government by AGelbert
May 09, 2020, 09:54:48 pm

🚩 Global Climate Chaos ☠️ by AGelbert
May 09, 2020, 09:10:24 pm

Intelligent Design by AGelbert
May 09, 2020, 06:38:41 pm