InsideClimateNews.org — A well-heeled coalition of investors is asking top fossil fuel companies to calculate the risks of plowing billions into new oil, gas and coal projects. They fear that carbon emission limits and slowing demand will turn them into bad investments that leave investors worse off.
There is no shortage of billionaires -- the Koch brothers, Carl Icahn, Dan Loeb and, yes, Mike Bloomberg, to name a handful -- who are willing to use their vast wealth to push a particular political agenda or to advocate for a specific social reform. That’s hardly a revelation.
Bill McKibben published The End of Nature in 1989, one of the first popular books to explain global warming. In recent years, he has turned to climate change activism, founding 350.org in 2008 with seven undergraduate students to build "a global grassroots movement to solve the climate crisis," according to its website. The group now has about 50 employees and works with voluntary organizers in approximately 190 countries. McKibben is one of the most visible activists fighting the construction of the Keystone XL pipeline, which would deliver Canadian oil sands crude into the U.S., if approved by the Obama administration.
Activist Bill McKibben, who helped turn an obscure oil pipeline project into a high-profile political fight, has a new target for his effort to curb global warming: energy companies such as Exxon Mobil Corp.
Bill McKibben, leader of a group that pushed President Barack Obama to reject the Keystone XL pipeline, urged the administration to seek repeal of tax breaks for U.S. oil companies in the State of the Union speech.
InsideClimateNews.org (Bonn, Germany) — On the afternoon of April 29, 1986, West Germany's Interior Minister Friedrich Zimmermann walked out of a meeting with the Commission on Radiological Protection and spoke to a TV reporter.