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Paul Merrell

Fossil Fuel Divestment Has Grown to $2.6 Trillion in Assets | InsideClimate News - 0 views

insideclimatenews.org/...-movement-grows-fiftyfold-2014

climate change fossil-fuel-divestment

shared by Paul Merrell on 27 Sep 15 - No Cached
  • The fossil fuel divestment movement skyrocketed in the past year as hundreds of institutions and thousands of individuals committed to selling their oil, natural gas and coal holdings, according to a new report. So far, 436 institutions and 2,040 individuals representing $2.6 trillion in assets have agreed to sell their fossil fuel investments, according to a review by Arabella Advisors, a Washington, D.C.-based consultant that works with philanthropies. It represents a 50-fold increase from a year ago, when the divestment totals were 181 institutions and 656 individuals representing more than $50 billion in assets.
Paul Merrell

The Rockefeller Family Fund vs. Exxon | by David Kaiser | The New York Review... - 0 views

www.nybooks.com/...ckefeller-family-fund-vs-exxon

climate-change Rockefellers Exxon-Mobil Tillerson must-read

shared by Paul Merrell on 15 Feb 17 - No Cached
  • Earlier this year our organization, the Rockefeller Family Fund (RFF), announced that it would divest its holdings in fossil fuel companies. We mean to do this gradually, but in a public statement we singled out ExxonMobil for immediate divestment because of its “morally reprehensible conduct.”1 For over a quarter-century the company tried to deceive policymakers and the public about the realities of climate change, protecting its profits at the cost of immense damage to life on this planet.Our criticism carries a certain historical irony. John D. Rockefeller founded Standard Oil, and ExxonMobil is Standard Oil’s largest direct descendant. In a sense we were turning against the company where most of the Rockefeller family’s wealth was created. (Other members of the Rockefeller family have been trying to get ExxonMobil to change its behavior for over a decade.) Approached by some reporters for comment, an ExxonMobil spokesman replied, “It’s not surprising that they’re divesting from the company since they’re already funding a conspiracy against us.”2What we had funded was an investigative journalism project. With help from other public charities and foundations, including the Rockefeller Brothers Fund (RBF), we paid for a team of independent reporters from Columbia University’s Graduate School of Journalism to try to determine what Exxon and other US oil companies had really known about climate science, and when. Such an investigation seemed promising because Exxon, in particular, has been a leader of the movement to deny the facts of climate change.3 Often working indirectly through front groups, it sponsored many of the scientists and think tanks that have sought to obfuscate the scientific consensus about the changing climate, and it participated in those efforts through its paid advertisements and the statements of its executives.
  • t seemed to us, however, that for business reasons, a company as sophisticated and successful as Exxon would have needed to know the difference between its own propaganda and scientific reality. If it turned out that Exxon and other oil companies had recognized the validity of climate science even while they were funding the climate denial movement, that would, we thought, help the public understand how artificially manufactured and disingenuous the “debate” over climate change has always been. In turn, we hoped this understanding would build support for strong policies addressing the crisis of global warming.Indeed, the Columbia reporters learned that Exxon had understood and accepted the validity of climate science long before embarking on its denial campaign, and in the fall of 2015 they published their discoveries in The Los Angeles Times.4 Around the same time, another team of reporters from the website InsideClimate News began publishing the results of similar research.5 (The RFF has made grants to InsideClimate News, and the RBF has been one of its most significant funders, but we didn’t know they were engaged in this project.) The reporting by these two different groups was complementary, each confirming and adding to the other’s findings.
  • Following publication of these articles, New York Attorney General Eric Schneiderman began investigating whether ExxonMobil had committed fraud by failing to disclose many of the business risks of climate change to its shareholders despite evidence that it understood those risks internally. Massachusetts Attorney General Maura Healey soon followed Schneiderman with her own investigation, as did the AGs of California and the Virgin Islands, and thirteen more state AGs announced that they were considering investigations.Bernie Sanders and Hillary Clinton each called for a federal investigation of ExxonMobil by the Department of Justice. Secretary of State John Kerry compared Exxon’s deceptions to the tobacco industry’s long denial of the danger of smoking, predicting that, if the allegations were true, Exxon might eventually have to pay billions of dollars in damages “in what I would imagine would be one of the largest class-action lawsuits in history.”6 Most recently, in August, the Securities and Exchange Commission began investigating the way ExxonMobil values its assets, given the world’s growing commitment to reducing carbon emissions. An article in The Wall Street Journal observed that this “could have far-reaching consequences for the oil and gas industry.”7
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  • We didn’t expect ExxonMobil to admit that it had been at fault. It is one of the largest companies in the world—indeed, if its revenues are compared to the gross domestic products of nations, it has one of the world’s larger economies, bigger than Austria’s, for example, or Thailand’s8—and it has a reputation for unusual determination in promoting its self-interest.9 One way or another, we expected it to fight back—most likely, we thought, by proxy, through its surrogates in the right-wing press and in Congress.Sure enough, various bloggers have been calling for “the Rockefellers”10 to be prosecuted by the government for “conspiracy” against Exxon under the Racketeer Influenced and Corrupt Organizations (RICO) Act.11 (Such lines of attack are being tested and refined, and we expect they will soon be repeated in journals with broader readership.) And in May, Texas Republican Lamar Smith, the chair of the House Committee on Science, Space, and Technology, sent a letter to the RFF and seven other NGOs (including the RBF, 350.org, Greenpeace, and the Union of Concerned Scientists),12 as well as all seventeen AGs who said they might investigate ExxonMobil. He accused us of engaging in “a coordinated effort to deprive companies, nonprofit organizations, and scientists of their First Amendment rights and ability to fund and conduct scientific research free from intimidation and threats of prosecution,” and demanded that we turn over to him all private correspondence between any of the recipients of his letter relating to any potential climate change investigation. When we all refused, twice, to surrender any such correspondence, Smith subpoenaed Schneiderman, Healey, and all eight NGOs for the same documents.We will answer Smith’s accusations against us presently. In order to explain ourselves, however, we first have to explain what Exxon knew about climate change, and when—and what, despite that knowledge, Exxon did: the morally reprehensible conduct that prompted our actions in the first place.
  • Paul Merrell on 15 Feb 17
     
    A must-read. Very nice fully referenced rendition on what Exxon-Mobil knew when about climate change and the efforts they made to mislead the public.
Paul Merrell

In massive shift, Lutherans vote to halt US aid to Israel | The Electronic Intifada - 0 views

electronicintifada.net/...herans-vote-halt-us-aid-israel

war & peace Israel BDS churches Lutherans

shared by Paul Merrell on 20 Aug 16 - No Cached
  • The Evangelical Lutheran Church in America has become the latest US denomination to take economic action against the Israeli occupation. At its triennial assembly last week in Baton Rouge, Louisiana, the four million-member church, one of the largest in the US, voted on two separate resolutions targeting Israel’s occupation and human rights abuses, passing each by a landslide. The first resolution calls for the end of US aid to Israel until it ceases violations of international human rights norms, specifically the ongoing construction of settlements on occupied Palestinian land. It passed by a 751-162 vote, or 82 percent, on 12 August. The US gives Israel more than $3 billion every year, despite laws that prohibit aid to countries with persistent records of human rights violations. The Obama administration has vowed to increase that sum over the coming decade in what would be the largest military aid package the US has ever given any country.
  • Fries cited huge majority support for resolutions also put to vote at the assembly about supporting refugees and immigrants (by an 842-48 vote), and expressing solidarity with Black Lives Matter (846-73). Resolutions on fossil fuel divestment and opposition to US military spending also passed with overwhelming support. Still, the votes on the Israeli occupation marked a notable shift in position. Dale Loepp, an Isaiah 58 leader, noted that at the previous church assembly in 2013, there was visible and organized opposition from the Zionist activist group Christians for Fair Witness on the Middle East. At that time, Loepp told The Electronic Intifada, the main strategy to defeat such measures was to introduce amendments that removed any economic consequences, allowing such “toothless” resolutions to pass easily. Similar tactics were used to effectively deflect divestment actions targeting occupation-linked firms during the United Methodist Church convention earlier this year.
  • “The surprising story here is that there has been a massive shift in the stance of the Evangelical Lutheran Church in America on the occupation in only three short years – 70 percent opposed to economic tools to end the occupation, versus 90 percent in favor today,” Loepp said. “Though these are three years that I’m sure seem like two eternities to Palestinians.”
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  • At this year’s assembly, Loepp observed no such visible organized opposition. At the same time, grassroots organizers from the US Campaign to End the Israeli Occupation joined Isaiah 58 and allies from the Israel Palestine Mission Network of the Presbyterian Church (USA), American Friends Service Committee, Friends of Sabeel North America, New Orleans Palestinian Solidarity Committee and Jewish Voice for Peace to support the resolutions.
  • Paul Merrell on 20 Aug 16
     
    BDS continues to grow exponentially.
Paul Merrell

Because the 'Time for Climate Action Is Now,' Oslo Makes Landmark Move to Ban Cars | Co... - 0 views

www.commondreams.org/...o-makes-landmark-move-ban-cars

environment climate-change Oslo

shared by Paul Merrell on 18 Dec 15 - No Cached
  • As part of a plan to rein in carbon emissions, Oslo's new city council announced this week that the city's center would be car-free by 2019. Ars Technica reports that the move, which aims to help the city halve greenhouse gas emissions compared to 1990 levels, "will make Oslo the first European capital where cars are permanently banned, plus it's a strong indicator that similar bans may be enacted in other major cities across the continent." To make the shift, the Norwegian capital will boost its investment into public transportation and add roughly 37 miles (60 kilometers) of bike lanes, Reuters reports 
  • The new coalition running the city, made up of the Labor Party, the Socialist Left, and the Greens, additionally said that it would divest its pension fund from fossil fuels.  "Divestment," Nguyen Berg added, "sends a strong message to the world prior to the Climate Change Conference in Paris that we need a strong agreement that will ensure that we avoid dangerous global warming."
  • Paul Merrell on 18 Dec 15
     
    Can you imagine a major U.S. city with no cars allowed in the city center? 
Gary Edwards

Liberal Activists Worked With AGs to Target Conservatives - 0 views

dailysignal.com/...th-ags-to-target-conservatives

shared by Gary Edwards on 07 May 16 - No Cached
  • violate “constitutionally protected rights of freedom of speech, freedom from unreasonable searches and seizures, and due process of law and constitute the common law tort of abuse of process.”
  • ExxonMobil also alleges that Walker’s delegation of his prosecutorial power to a private law firm “likely on a contingency-fee basis” violates basic “due process of law and fundamental fairness,” particularly because that same law firm has “pursued a bitterly contested and contentious litigation in an unrelated lawsuit against ExxonMobil … which could result in a substantial fee award if Cohen Milstein’s client were to prevail.”
  • That raises “substantial doubts about whether that firm should be permitted to serve as the ‘disinterested prosecutor’ whose impartiality is demanded by law and expected by the public.”
  • ...6 more annotations...
  • ExxonMobil asks the Texas court to declare that the “issuance and mailing of the subpoena” violates various provisions of the U.S. Constitution, federal law, and the Texas Constitution.
  • . According to The Washington Free Beacon, “a small coalition of prominent climate change activists and political operatives” met on Jan. 8 in a closed door meeting at the Rockefeller Family Fund in Manhattan. Their agenda: taking down oil giant ExxonMobil through a coordinated campaign of legal action, divestment efforts, and political pressure.”
  • A copy of the agenda from that meeting states that two of the common goals of these activists are to “establish in public’s mind [sic.] that Exxon is a corrupt institution that has pushed humanity (and all creation) toward climate chaos and grave harm” and to “delegitimize them as a political actor.” Part of the discussion of their grand strategy was how to include “industry associations, scientists and front groups” in their targeting. And at the top of their list for “legal actions & related campaigns” was state “AGs.”
  • That last goal was apparently put into action. According to Fox News, a series of emails obtained by the Energy & Environmental Legal Institute showed communications between some of these same anti-fossil fuel activists and the attorneys general that are part of this “Green” coalition against climate change dissenters.
  • Some of them secretly briefed state attorneys general before their March press conference on arguments they could present to justify “climate change litigation” and the “imperative of taking action now.” The attorneys general and their staff tried to hide this discussion and coordination with the activists by “using a ‘Common Interest Agreement’… [that] sought to protect as privileged the discussions about defending President Obama’s controversial global warming rules, and going after political opponents using the Racketeer Influenced and Corrupt Organizations Act.”
  • Some state attorneys general have criticized the dangerous and misguided efforts of their inquisitorial peers. As Louisiana Attorney General Jeff Landry correctly states, they are using “prosecutorial weapons to intimidate critics, silence free speech, or chill the robust exchange of ideas” about a public policy issue. And it is just as malevolent as the burning of books in the society depicted by Bradbury in “Fahrenheit 451.”
  • Gary Edwards on 07 May 16
     
    "In Ray Bradbury's classic dystopian novel, "Fahrenheit 451," a future society criminalizes the possession of books and burns them in order to suppress any dissenting ideas, opinions, and views. Today, we have state attorneys general trying to implement their own version of "Fahrenheit 451" to criminalize dissent over a disputed, unproven scientific theory: man-induced climate change. Recently, the attorney general of the Virgin Islands, Claude Walker, unleashed a subpoena on the Competitive Enterprise Institute seeking 10 years' worth of research and communications about climate change. It turns out that same Grand Inquisitor, Claude Walker, has hit ExxonMobil with a similar subpoena that seeks all of that company's communications, conversations, and correspondence with 88 conservative and libertarian think tanks, foundations, and universities, and 54 individual researchers, scientists, and writers."
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