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Amid Runaway Warming, Richest Nations Spend $200 Billion Backing Fossil Fuels

Amid Runaway Warming, Richest Nations Spend $200 Billion Backing Fossil Fuels

Published on Monday, September 21, 2015 by Common Dreams by Lauren McCauley, staff writer One of the greatest contradictions of our time is that while world leaders profess concern over a rapidly warming planet, they continue to spend hundreds of billions of taxpayer dollars subsidizing the fossil fuel industries that are driving climate change. In fact, according to a […]

Melting Permafrost Could Cost World Economy $43 Trillion by 2100: Study

Melting Permafrost Could Cost World Economy $43 Trillion by 2100: Study

Published on Monday, September 21, 2015 by Common Dreams by Jon Queally, staff writer The melting of the Earth’s permafrost could unleash hundreds of billions of tons stored CO2 and methane by the end of this century, warned prominent researchers on Monday, with resulting economic costs that could reach $43 trillion in damages related to the runaway impacts of […]

History’s Lesson for Climate Action: No Other Choice ‘But Mass Mobilization’

History’s Lesson for Climate Action: No Other Choice ‘But Mass Mobilization’

Published on Wednesday, August 26, 2015 by Common Dreams by Jon Queally, staff writer With less than 100 days until high-level UN climate talks take place in Paris, key leaders from the global climate justice movement have come together with a joint statement that affirms their belief that only mass popular mobilizations across the planet demanding a drastic reckoning […]

Russia Restakes Claim as Race for Arctic Resources Continues

Russia Restakes Claim as Race for Arctic Resources Continues

Published on Wednesday, August 05, 2015 by Common Dreams by Andrea Germanos, staff writer The rush for claims to the resource-rich Arctic continued on Tuesday when Russia submitted to the United Nations a renewed bid for territories, sparking environmental fears. The Russian Foreign Ministry said in a statement that the “application covers an underwater space covering an area of […]

Big Oil Knew. Big Oil Lied. And Planet Earth Got Fried.

Big Oil Knew. Big Oil Lied. And Planet Earth Got Fried.

They knew. They lied. And the planet and its people are now paying the ultimate price. It’s no secret that the fossil fuel industry—the set of companies and corporate interests which profit most from the burning of coal, oil, and gas—have been the largest purveyors and funders of climate change denialism in the world. Now, […]

Bank of England Issues Warning Over Looming ‘Carbon Bubble’ Threat

Bank of England Issues Warning Over Looming ‘Carbon Bubble’ Threat

Published on Tuesday, March 03, 2015 by Common Dreams by Deirdre Fulton, staff writer The Bank of England, one of the oldest banks in the world, has joined the growing ranks of those warning of the financial risk posed by a “carbon bubble,” which will occur if urgently needed climate change regulations render coal, oil, […]

World Council of Churches to Divest from World’s Dirty Fuels

World Council of Churches to Divest from World’s Dirty Fuels

Published on Friday, July 11, 2014 by Common Dreams – Jon Queally, staff writer In what the global fossil fuel divestment movement is claiming as a "major victory," the World Council of Churches has agreed to phase out its financial holdings in the world's dirtiest energy sources and will encourage the congregants in the churches […]