We cannot rely on linear developments and a steady energy transition over the next 30 years to 2050. The group believes the European Commission’s public consultation on the revision of the renewable energy directive provides an opportunity to remind the EU to step up its game. “Scientific evidence shows we have less than 15 years left to avoid a grim future.William Gillett, Energy Programme Director of the European Academies’ Science Advisory Council (EASAC).
A new UN Climate Change report shows that climate plans submitted so far by countries do not put us on a path to meet the Paris Agreement goals.
— UN Climate Change (@UNFCCC) February 26, 2021
“Committing to consult on a modernized policy” — that was the second shoe Energy Minister Sonya Savage dropped when she announced she was reinstating Alberta’s 1976 Coal Policy. The public’s demand to be consulted about coal mining was the accelerant for the firestorm of criticism the Kenney government endured after it quietly rescinded that policy last year.
What should the minister’s consultation commitment offer Albertans? Nothing less than the opportunity to determine the future of Alberta’s iconic Eastern Slopes. Public consultation should ask this question: “Should new coal surface mines be allowed anywhere in Alberta’s Rockies and foothills?”
Tom Steyer: If businesses don’t move on climate change, the U.S. will lose its global competitive edge
Tom Steyer, who made his fortune running his hedge fund Farallon Capital, first rose to political fame by spending millions of dollars in politics to get others to stop spending millions of dollars in politics, to end what he called “the corporate stronghold on democracy.” But that doesn’t mean he thinks business leaders can eschew all political responsibility, especially when it comes to climate change.
Steyer once profited greatly off investments in various oil companies but had a change of heart in the mid-2000s; now he’s hoping others may do the same. By 2012 he stepped down from his role in the financial world, sold all of his personal fossil fuel assets, and became involved in politics—donating millions to candidates across the country who campaigned on climate change action and opposed fossil fuel development. In 2013, he founded NextGen Climate to register and mobilize voters around climate change. He has since given over $240 million to federal candidates through his organization.
His 2020 presidential run gave him his largest platform yet, and while he broadened his message significantly, he remained adamant that it was the biggest problem the U.S. faced, reiterating climate change should be the foundation of any policy proposal on any subject.
In a conversation with Fortune, Steyer outlined his concerns about what he calls the American decision to fall behind on green energy and technology instead of leading and innovating in the field. The repercussions, he explained, will have disastrous effects not only on the environment but also on the U.S. economy.
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