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This feels like the most serious announcement from a =n oil major: after years of pressure from activists, BP to cut oil and gas production 40% by 2030. Far from perfect, but far from normal
cnn.com/2020/08/04/bus…
The smart people @PriceofOil say BP has recognized that 2030 is the money date, not the 2050
priceofoil.org/2020/08/04/sta…
And #carbontracker, noting that markets embraced BP's move, want to know who will follow
carbontracker.org/changing-the-g…
Basic message: keep pressure on. Even the biggest targets can be bent. And such thanks to all who fight.
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Bill McKibben
@billmckibben
Right before Xmas New Yorker editor David Remnick called to ask if I'd do a weekly climate newsletter under the magazine's auspices. My 1st reaction was yes: it was where I'd begun writing about all this in my early 20s and now I was...older if not wiser
newyorker.com/home/newslette…
But my 2nd reaction was, what about this newsletter HEATED that @emorwee had just launched, and that I was very much enjoying. Would it damage her effort? So I asked, and she graciously said she thought not: "there's plenty of space out there for more newsletters...Hell yeah!"
So I decided to proceed--I'm not competing with HEATED, which you can sign up for here: heated.world And since mine is free, you will have money to subscribe to hers, and since mine is weekly you will have time to read her daily output
Read 8 tweets
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Bill McKibben
@billmckibben
Went out for a long ski in the woods this morning, and thought about why the @nytimes editorial rankled me so much. It had nothing to do with their picks, and everything to do with the depiction of @klobuchar as 'realist' and @SenWarren as 'radical.' (i.e., 'unrealistic')
In the field I know best, climate change, the 'adversary' is physics. Because we have waited (thanks to the fossil fuel industry) so long to get started, physics leaves us no choice but to move very swiftly. Say, at the speed envisioned by people like @warren or @SenSanders
That doesn't make her radical--it makes her far more realistic, in any meaningful sense of the word, than those who think we still have room for politically easier, less robust approaches. That's not 'realism,' that's the opposite: a kind of pleasant fantasy
Read 5 tweets
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Bill McKibben
@billmckibben
Biggest news in a long time. After a ton of pressure, Blackrock--which owns more fossil fuel stock than anyone on earth--announces it will put 'climate change at the center of its investment strategy.' A huge--if by no means final--win for activists!
nytimes.com/2020/01/14/bus…
Here's the CEO, Larry Fink: “The evidence on climate risk is compelling investors to reassess core assumptions about modern finance.”
They are saying they will sell stock, reshape indexes, and vote for shareholder resolutions. This puts huge pressure on other players
It also will require huge vigilance--my guess is they'll start with coal. That's no longer good enough: given the timeline of the climate crisis we need to be moving on oil and gas with the same speed.
Read 4 tweets

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