energy, follow the money

Screenshot 2019-06-12 at 11.26.03 US dominance in oil makes impossible to reduce emissions and meet green targets

new shale oil developments will eat all of USA allowances of carbon emissions under Paris Agreement

1,9 trillion from banks to fossil fules in USA since Paris in 2016

only 1,3% of investments to renewables by oil majors

thanks to Adam Tooze, links to specific tweets:

The shale oil/gas basins of the US whose expansion is currently scheduled to derail any possible decarbonization effort not just in US but globally. https://t.co/KYj67CDFrd pic.twitter.com/q3rf0C6Vr6

— Adam Tooze (@adam_tooze) June 10, 2019

On current trends, over period to 2030 US is set to entirely dominate global expansion of oil and gas production = “energy dominance” and a climate disaster. https://t.co/KYj67Cm42D pic.twitter.com/xTKY6905Gj

— Adam Tooze (@adam_tooze) June 10, 2019

$1.9 trillion in funding were funnelled into fossil fuels since the Paris agreement. These 5 giant North American banks lead fossil fuel intensive financing over last three years: @jpmorgan @WellsFargo @Citi @BankofAmerica @RBC https://t.co/Yw22BmboKu pic.twitter.com/CZhozOulqE

— Adam Tooze (@adam_tooze) June 10, 2019

based on reports from:

Rainforest Action Network https://www.ran.org/bankingonclimatechange2019/#data-panel

PriceofOil.org http://priceofoil.org/content/uploads/2019/01/Drilling-Towards-Disaster-Web-v3.pdf

(will all these links survive of be lost as tears in the rain ? Should I screenshots like there is no (internet) tomorrow?)

here’s the screens 🙂