fuels

"In the , Nyamavhuvhu (August) signals the end of winter. The strong winds carry away the frost as they usher in the warmth of summer. With the silent strength of a new season, public discontent towards President ’s failing policies sweeps across Zimbabwe, manifesting itself through mounting displeasure and the growing threat of civil unrest. On the streets of the capital, , a middle-aged woman lies unconscious on the asphalt. An uncanny silence hangs in the air, punctuated only by the sound of water cannons patrolling the street and a sea of riot police conversing in hushed tones with each other. The blue-helmeted police, a signature of the Robert Mugabe era, march in straight lines through the central business district. Businesses are closed. Thick clouds of off-white teargas fill the sky. An old, grey-haired man who is left behind by the fleeing crowd is kicked in the ribs by two police officers and dragged by his side. A young man who tries to assist the stricken woman is arrested and bundled into a police truck. Elsewhere, Red Cross volunteers attend to an old woman who has suffered injuries to her head after being beaten."

"The perpetrators have yet to be indicted or held accountable for the loss of life, despite a theatrical commission of inquiry launched by Mnangagwa in a bid to repair his already crumbling international image."

"Protesters chanted songs similar to those sung during the liberation struggle. They sat in the middle of the road, in an act of peaceful protest. As they sat, a wave of baton-wielding riot police charged at them in an attempt to disperse the growing crowd. Many, including older people and women, who could not run away as fast as the more youthful protesters, were badly beaten. The violent police clampdown is just the latest action in a tale of unbroken state repression that continues from Mugabe’s era."

"People are increasingly dissatisfied with the impact of failing economic policies, a broken public health system, the soaring prices of basic goods and the collapse of . They had been waiting in preparation for a protest march organised by the Movement for Democratic Change at Africa Unity Square, a garden in the heart of . In this same garden, just a few years ago, stood as a lone protester calling for Mugabe to go."

"We need to rapidly shift away from our dependence on fossil fuels. [...] Nothing less than our future and the fate of humankind depends on how we rise to the climate challenge."

"The UK government’s overseas development bank has bowed to calls to end fossil fuel financing abroad by promising to invest only in companies that align with the Paris climate agreement. The CDC Group revealed its new climate strategy, which will end support for the most polluting fossil fuel projects, including the production of oil and coal, and channel almost a third of its spending towards climate finance. The publicly owned investor, which supports job-creating sectors in Africa and south Asia, will end financing for coal mining, and oil and gas production, as well as new or existing power plants and refineries that use coal or heavy oil. The UK government is under growing pressure to end its support for overseas fossil fuel projects after campaigners revealed that more than £3bn in public money was used to support polluting projects abroad since the Paris climate agreement was signed..."

"The decision to curb support follows an exodus of major institutional investors from the coal industry in recent years, including Goldman Sachs and Blackrock. Investors are wary of supporting industries that contribute to the climate crisis, and may risk the financial stability of their funds. Norway’s $1.19tn (£950bn) sovereign wealth fund, the largest in the world, has decided to reduce its exposure to oil and gas investments too."

"The UK’s biggest pension fund, the government-backed National Employment Savings Trust (Nest) scheme with nine million members, is to begin divesting from fossil fuels in what climate campaigners have hailed as a landmark move for the industry. The fund will ban investments in any companies involved in coal mining, oil from tar sands and arctic drilling. But the move puts Nest – a public corporation of the Department for Work and Pensions – potentially at odds with the current pensions minister, Guy Opperman, who earlier this month condemned divestment as “counter productive”. Nest, which handles much of the pensions of workers saving under the government’s “auto enrolment” scheme, will shift £5.5bn into “climate aware” investments as it anticipates a green economic recovery from coronavirus."

"The ban will mean that some of the world’s biggest mining companies, such as BHP, can never be part of Nest’s share holdings, as long they derive profits from digging coal. It said it will sell its final holdings in BHP by 3 August. Nest will also seek to reduce its carbon-intensive holdings, such as with the traditional oil giants, while investing more money in renewable energy infrastructure. The fund’s chief investment officer, Mark Fawcett, said Nest was sending a strong and clear message about the seriousness of climate change."

"The College’sendowment will no longer be directly invested in fossil fuels and the Dartmouth Investment Office intends to allow its remaining public holdings in the sector to expire, according to an Oct. 8 announcement. Although this release marks the College’s first formal announcement of its divestment plan, the DIO banned fossil fuel holdings in 2020. The College’s divestment approach results from two decisions made over a four-year span: a 2017 decision that barred the endowment from making any “new investments in private fossil fuel extraction, exploration and production funds” and a decision in early 2020 “for [the College’s] direct public portfolio to no longer hold investments in fossil fuel companies,” according to the announcement. The move comes after Harvard University announced a similar divestment strategy in September, after the 2021 Intergovernmental Panel on Climate Change report outlined the disastrous effects of continued climate inaction, after the student body presidents of the eight Ivy League schools called on the League to divest in April and after years of activism from Divest Dartmouth... According to the statement, “evidence that correlates the production of fossil fuels with the warming of the atmosphere is convincing and widely accepted.”"

"Together, these bylaws prohibit any future fossil fuel investments from entering the endowment....As the terms of these partnerships approach their legally-contracted conclusions… the [investment] managers will move through the sale processes of those assets... In the past few years... the College has found that the investment in sustainable energy companies provides great returns and also allows the College to support new technology developments and make a huge difference.... Our investment team’s analysis indicated that there is a continued growing global shift in demand towards renewable and clean energy,... What we’ve noticed is that investments in energy transitions are now comparable or better than the investment opportunities in fossil fuel companies...Our investment team’s analysis indicated that there is a continued growing global shift in demand towards renewable and clean energy... What we’ve noticed is that investments in energy transitions are now comparable or better than the investment opportunities in fossil fuel companies."

"A movement to divest from fossil fuel is gaining support among foundations as activists push for funding to be shifted away from coal, oil and natural gas. The call from activists to the charitable world is simple: Ditch fossil fuels and direct your investments into climate-friendly companies and funds. The worldwide divestment campaign has sought commitments from universities, corporations and other entities. Now, two of the biggest names in philanthropy — the Ford and MacArthur foundations — are reorienting their investments away from fossil fuels, a move that leaders of the divestment movement hope will prove to be a tipping point for the charitable world.... “We’re calling on governments and corporations to act on climate aggressively and commensurate with the science,” said Ellen Dorsey, executive director of the Wallace Global Fund and a leader in Divest-Invest Philanthropy, which is pushing the philanthropic community to dump its fossil fuel investments.... The MacArthur Foundation, an $8 billion organization known for its “genius grants,” pledged two years ago to halt new investments in oil and gas. It went further in September, saying it would switch to U.S. index funds that exclude fossil fuel companies. And it's aiming to change its global index funds to do the same within a year."

"On October 27, University of Toronto (UofT) President Meric Gertler announced the university’s commitment to divest from fossil fuel companies within its endowment fund of $4 billion, citing findings from the United Nations and the World Health Organization on the impending climate crisis which “now demands bold actions that have both substantive and symbolic impact.” This divestment includes a pledge to divest from all direct investments in fossil fuel companies within the next 12 months... This decision follows those of many other universities across Canada and the United States in the past few years, including Concordia University in 2019 and Harvard University this past September....As of 2021, approximately 220 postsecondary institutions have divested from the fossil fuel industry. UofT’s decision was motivated by its perceived role as a leading academic institution to meet the “urgent challenge” of the climate crisis and its responsibility for the detrimental effects that will “disproportionately fall on students and generations of future students and children around the world.”"

"The city’s mayor signed a bill to eliminate the controversial investments by 2025. Boston Mayor Michelle Wu has signed into law an ordinance to divest the city from the fossil fuel, tobacco, and private prison industries by the end of 2025. The ordinance prohibits using public funds to invest in the stocks, securities, or other obligations of any company that derives more than 15% of its revenue from those industries. Under the new law, fossil fuel investments are defined as investments in any company that derives more than 15% of its revenue from the combustion, distribution, extraction, manufacture, or sale of fossil fuels, including coal, oil and gas, or fossil fuel products. It also includes electric distribution companies with corporate affiliates that derive revenue from fossil fuels."

"Boston is among an increasing number of municipalities, universities, and private foundations that have announced plans to divest from fossil fuels. In late October, ahead of the 2021 United Nations Climate Change Conference, better known as COP26, Auckland, New Zealand; Copenhagen, Denmark; Glasgow, Scotland; Paris; Rio de Janeiro; and Seattle announced commitments to divest from fossil fuel companies and increase investments to make cities more sustainable. Also last month, Baltimore Mayor Brandon Scott signed a bill that requires the city’s three pension funds to divest from the fossil fuel industry. Those are in addition to divestment commitments made last year by Berlin; Bristol, England; Cape Town, South Africa; Durban, South Africa; London; Los Angeles; Milan; New Orleans; New York City; Oslo; Norway; Pittsburgh; and Vancouver, Canada. “Cities are at the forefront of tackling the climate emergency and there is real momentum to move investments away from fossil fuels and toward climate solutions,” London Mayor Sadiq Khan, who is chair-elect of C40 Cities, a network of mayors working to confront climate change, said in a statement. “I will continue to encourage more cities to join the movement, and urge national governments and private finance institutions to mobilize more finance to invest directly in cities to support a green and fair recovery.”"

"The state of Oregon should divest from the fossil fuels industry to protect both the environment and its investments, three Oregon lawmakers said Wednesday as a new study put the level of that investment at $1.8 billion or more. “The Oregon Treasury, which manages $130 billion of the state’s investment portfolio, is invested in oil, gas, and coal companies responsible for our climate emergency,” Reps. Khanh Pham, Paul Holvey and Jeff Golden said in a column published in The Oregonian/OregonLive, the state's largest newspaper."

"Bill McKibben"

"Greta Thunberg"

"Christiana Figueres"

"The logic of divestment couldn't be simpler: if it's wrong to wreck the climate, it's wrong to profit from that wreckage."

"We see this as both a moral imperative and an economic opportunity."

"I think this is part of a process of delegitimising this sector and saying these are odious profits, this is not a legitimate business model."

"This Agreement [...] aims to strengthen the global response to the threat of climate change, [...] including by [...] Holding the increase in the global average temperature to well below 2 °C and [...] Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development."

"It is clear the transition to a clean energy future is inevitable, beneficial and well underway, and that investors have a key role to play."

"Reasonably, all these investments are financial dead-ends or ecological disasters."

"The Vatican urged Catholics on Thursday to disinvest from the armaments and fossil fuel industries and to closely monitor companies in sectors such as mining to check if they are damaging the environment. The calls were contained in a 225-page manual for church leaders and workers to mark the fifth anniversary of Pope Francis’ landmark encyclical “Laudato Si” (Praised Be) on the need to protect nature, life and defenseless people. The compendium suggests practical steps to achieve the goals of the encyclical, which strongly supported agreements to contain global warming and warned against the dangers of climate change. The manual’s section on finance said people “could favor positive changes ... by excluding from their investments companies that do not satisfy certain parameters.” It listed these as respect for human rights, bans on child labor and protection of the environment... Last month, more that 40 faith organizations from around the world, more than half of them Catholic, pledged to divest from fossil fuel companies. The document urges Catholics to defend the rights of local populations to have a say in whether their lands can be used for oil or mineral extraction and the right to take strong stands against companies that cause environmental disasters or over-exploit natural resources such as forests."

"We have a moral responsibility to help working families in the fossil fuel industry find new jobs."

"We have a moral responsibility to stand up to the fossil fuel industry and leave our children a healthy and habitable planet."

"To control global warming, only one solution: stop burning fossil fuels."

"At present population levels, we are putting unprecedented pressure on finite resources. We are conducting a grand-scale, unauthorized experiment on the 4.5 billion-year-old planet. The fact that we have not hit the bounds in a few generations of outrageous growth should not be taken as evidence for our long-haul prospects. We live like kings today, on the backs of [at least] roughly 100 energy slaves each (human metabolism is 100 Watts, but Americans enjoy 10 KW of continuous power). Our richness is very much tied to surplus energy availability, and that so far has been a story of finite [hydrocarbon-based] fossil fuels. But even under solar power, we can’t continue our track record of 3% energy growth per year for even several hundred years! Global physical limits—thermodynamic, energy return on energy invested, finite arable land, water, fisheries, climate change, etc.—are all asserting themselves to remind us that nature doesn’t care about our dreams."

"Fossil fuels opened the door to widespread mechanization and electrification, completely transforming our way of life. As central as their role has been, it is difficult to claim that many of the benefits we enjoy today—whether health care, technology, scientific knowledge, or comfortable living standards—would have been possible without them. Much that we celebrate in this world rode on the back of fossil fuels."

"Our fossil fuel bonanza has left our ecosystem in a perilous state. We have destroyed vast forests and habitat, polluted water and soil, kicked off a rapid climate trend that natural systems may not adapt to quickly enough, and basically overrun the planet. […] 96% of mammal mass on the planet is now in the form of humans and our livestock, leaving a paltry 4% of wild mammals—land and sea. Roughly 70% of vertebrate numbers have vanished since 1970 (undoubtedly a higher fraction if the survey had started in 1700). Forests are also way down."

"We are already experiencing huge cost externalities from population hypergrowth and profligate fossil fuel use in the form of environmental devastation. Of the earth’s estimated 10 million species, 300,000 have vanished in the past fifty years. Each year, 3,000 to 30,000 species become extinct, an all-time high for the last 65 million years. Within one hundred years, between one-third and two-thirds of all birds, animals, plants, and other species will be lost. Nearly 25 percent of the 4,630 known mammal species are now threatened with extinction, along with 34 percent of fish, 25 percent of amphibians, 20 percent of reptiles, and 11 percent of birds. Even more, species are having population declines. Environmental scientists speak of an “omega point” at which the vast interconnected networks of Earth’s ecologies are so weakened that human existence is no longer possible."

"Everything characteristic about the condition we call modern life has been a direct result of our access to abundant supplies of cheap fossil fuels. Fossil fuels have permitted us to fly, to go where we want to go rapidly, and [to] move things easily from place to place. Fossil fuels rescued us from the despotic darkness of the night. They have made the pharaonic scale of building commonplace everywhere. They have allowed a fractionally tiny percentage of our swollen populations to produce massive amounts of food. They have allowed us to develop industries of surpassing ingenuity and to push the limits of what it even means to be human to the strange frontier where man imagines himself into a kind of machine immortality. All of the marvels and miracles of the twentieth century were enabled by our access to abundant supplies of cheap fossil fuels. Even the applied technology of atomic fission, which came along in the mid-[20th-]century, would have been impossible without fossil fuels and may be impossible to continue very long into the future without them. The age of fossil fuels is about to end. There is no replacement for them at hand. These facts are poorly understood by the global population preoccupied with the thrum of daily life, but tragically, too, by the educated classes in the United States, who continue to be by far the greatest squanderers of fossil fuels. It is extremely important that we make an effort to understand what is about to happen to us because it will have earth-shaking repercussions for the way we live, the way the world is ordered, and whether the very precious cargo of human culture can move safely forward into the future."

"Fossil fuels have leveraged human power and ingenuity to a remarkable degree. Their discovery and accelerating utilization utterly transformed lifestyles, achievements, and even how we perceive ourselves as a species. Yet, one thing we know for certain about fossil fuels is that they are a finite resource on this planet—slowly developed in select locations over hundreds of millions of years and being used about a million times faster than the rate of production. We know that we have already consumed a sizable fraction of the initial inheritance: perhaps now halfway through the irreplaceable allotment of oil. So we know that this phase of the human adventure is a temporary one."

"At issue is not whether the global economy will pass away. It is passing away. Rising populations and debt combined with depletion of freshwater sources and fossil fuel make the status quo untenable. The only question is whether civil society will survive the transition."

"Environmental and are at root social crises. They are caused by profound problems in the social world, by elites, and the hierarchical control of decision-making and allocation of resources in profit-driven, expansionistic, ecocidal capitalist societies. As social problems, environmental crises require social solutions, namely radical political change seeking to create just, democratic, and sustainable societies. What we today call “natural disasters,” are at [the] root [of] social disasters that must be addressed if we are to solve the global . We must not only transform our and speciesist identities, our arrogant and vainglorious forms of human supremacism and pathological alienation, we must also transform our growth-oriented, profit-driven, meat-based, fossil fuel addicted societies. For millennia, the western world above all has lived by the philosophy of humans first, even humans only. It is now time for a new philosophy of earth first whereby humanity begins the arduous process of -- radically reducing their population numbers and consumption levels, rewilding natural environments and reserving vast habitats for wildlife alone, and shifting from a growth-oriented to a steady-state sustainable economy."

"It seems to me we need something like the Manhattan Project. We need some urgency saying, "Here's what we should be doing. We've got to get off fossil fuels.""

"This generation has altered the composition of the atmosphere on a global scale through radioactive materials and a steady increase in carbon dioxide from the burning of fossil fuels."

"We may well call it black diamonds. Every basket is power and civilization. For coal is a portable climate. It carries the heat of the tropics to Labrador and the polar circle; and it is the means of transporting itself withersoever it is wanted. Watt and Stephenson whispered in the ear of mankind their secret, that a half-ounce of coal will draw two tons a mile, and coal carries coal, by rail and by boat, to make Canada as warm as Calcutta, and with its comfort brings its industrial power."