Update – US Banks Still Investing Heavily in Coal

Coal

Banktrack.org released an updated review of various financial institutions’ holdings in dirty coal energy. Green America promoted a scorecard earlier this year outlining the banks that were the strongest supporters of coal extraction and electricity production. The lowest marks went to Wells Fargo (D+), Bank of America (D-), Citi (F) and Chase (F). Of course, each of these banks has […]

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President Obama clears the air on Keystone XL

  For many months, it’s been hard to determine the President’s exact position on the Keystone XL pipeline.  The President has frequently said that he is relying on the State Department’s review of the pipeline in order for the Secretary of State to decide whether to approve or reject it, and that review has been delayed several times. However, with the House of Representatives’ vote today in favor of the Keystone XL, the President made his clearest statement yet on the pipeline, and it was breath of fresh air.  According to the Washington Post: In a news conference Friday in Burma, the president rejected two of the most frequent arguments the project’s proponents have made on its behalf, saying he had “to constantly push back against this idea that somehow the Keystone pipeline is either this massive jobs bill for the United States or is somehow lowering gas prices.” “It is providing the ability of Canada to pump their oil, send it through our land down to the Gulf where it will be sold to everyone else,” he said. “It doesn’t have an impact on U.S. gas prices.” These are two of the most potent critiques of the pipeline, and are completely based in fact.  Analysis from Cornell Global Labor Institute demonstrates that the Keystone XL will only produce 35 permanent jobs.  No one disputes that oil produced by the Keystone XL is destined for boats that will take if […]

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Fracking Banned in Texas Town

In a decidedly disappointing mid-term election for the Green American constituency, there were still a few victories to feel good about. In a traditionally energy-friendly Texas town, residents spoke up over their concerns about hydraulic fracturing, or fracking, a controversial gas and oil extraction technique that has exploded in popularity throughout the US over the past decade. Texas is currently the nation’s largest oil and gas producer, and the political climate surrounding the issue is beginning to change. The town of Denton, TX has over 270 active gas wells within its city limits. The population is 121,123, but the majority of the mineral wealth in the city does not belong to Denton residents. With the population set to almost double in the next twenty years, concerns over air and water quality, increased seismicity, and exposure to harmful chemicals have had local legislators seriously considering the benefits of gas production. Considering that only 1% of the city’s property tax revenues come from natural gas development, and the city budget can attribute a paltry 1% to natural gas royalties, the city started to account for the implicit costs of fossil fuel development; degraded ecosystems, increased public health costs, and continued contribution to the CO2 emissions that the world is desperately trying to control. For the citizens of Denton, protecting their land, water, atmosphere, and families from the ill effects of energy production was a no-brainer. Tuesday saw 58.64% of Denton voters raise […]

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Exxon Feels the Heat and Responds to the Divestment Movement  

The global fossil fuel divestment movement has been gaining a lot of steam over the past year, enough to elicit a response from one of the largest oil companies in the world – ExxonMobil. In a blog posted to their website, the oil giant attempted to explain why the continued use of oil, gas, and coal to power our economies is the only viable way forward, while dismissing both the potential of renewable sources of energy and the costs imposed by a changing climate. The reality is that fossil fuels still provide the lion’s share of the global energy supply, but the assertion that it has to be this way couldn’t be farther from the truth. In the blog post, Exxon outlines their case for fossil fuels, stating “divestment represents a diversion from the real search for technological solutions to managing climate risks.” Exxon’s idea of a technological solution to managing a climate risk, of course, is the natural gas boom currently underway in the United States. In addition to creating plenty of jobs along the supply chain and accounting for a sizeable chunk of the nation’s GDP, natural gas is supposedly responsible for the return to 1990’s emissions levels that the US has experienced over the past few years. Even ignoring the obvious environmental risks to soil, air, and groundwater associated with natural gas production, fugitive methane emissions from drilling sites are often understated and likely have a greater […]

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DON’T HAVE A COW: New Delicious Vegan Products Coming to a Store Near You

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Editor’s Note: We’re extending the “Don’t Have a Cow” blog series to this Thursday, Oct. 2nd, to incorporate a brand new 10-Day Local Food Challenge from Your Money or Your Life co-author Vicki Robin. Meanwhile, our  Food Campaigns Director Nicole McCann blogs her experience at the Natural Products Expo East 2014 below!  As a plant-based staff member at Green America, Natural Products […]

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