Carbon Capture and Storage (CCS) won’t save us.

Here are just three major reasons why: 🧵 Image
1. Even if CCS *did* actually capture all CO2, it would then be transported through CO2 pipelines that, like all pipelines, risk disastrous leaks.

It also wouldn’t do anything to capture other greenhouse gases like methane, water contamination from fracking, or other pollutants.
2. CCS is inordinately expensive.

Even CCS proponents acknowledge this fact, and argue for public subsidies for CCS on the basis that it’s too expensive and risky for private investment.
3. Finally, CCS *hasn’t even been proven to work.*

The only power plant in the U.S. with CCS captured only 7% of its emissions while operational.

Relying on an unproven, experimental technology with a record of failure to address the climate crisis is a reckless gamble.
As polluting industries are threatened by communities resisting their poison, they’re desperately pushing false “solutions” that will allow them to keep polluting.

CCS, hydrogen fuel, and nuclear energy aren’t the answer.

We need a #JustTransition away from fossil fuels.
Our latest report looks at New Mexico as a case study in debunking false climate solutions and uplifting real answers.

Learn about the Indigenous and frontline-led efforts now leading the way to a #JustTransition: ips-dc.org/report-new-mex…

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More from @IPS_DC

Jan 27
NEW: Months ago, Biden refused to send tanks to Ukraine. Now, he's pledged 31 of them. @GuardianUS asked experts about this move:

"Sending tanks to Ukraine escalates the war and will only prolong the killing," says @PhyllisBennis. "We need a ceasefire."
theguardian.com/commentisfree/…
The tanks that the U.S. is sending "could take years."

They "won’t guarantee a Ukrainian victory against Russia’s next assault, let alone a long war of attrition," says @PhyllisBennis.

"We need clear calls for negotiations, from Washington and beyond."
theguardian.com/commentisfree/…
@RevDrBarber of @UniteThePoor adds that we can't let the war in Ukraine overshadow deaths here at home from poverty, shootings, and lack of care.

"We must negotiate away from our tendencies toward killing, death, destruction and violent public policy." theguardian.com/commentisfree/…
Read 4 tweets
Jan 25
The ways billionaires evade taxes are designed to be complex to the point of boredom.

In reality, famous family scandals exposing the money-stuffed underbelly of the U.S. trust system isn't that complex—and it is fascinating. @Chuck99to1 @inequalityorg: inequality.org/great-divide/g…
Much of what we know about the global hidden wealth system comes from leaks from those who run it.

A new blockbuster investigation traces the decision of a whistleblower to expose how the oil-rich Getty family use Nevada trusts to avoid California taxes: inequality.org/great-divide/g…
Wealth advisor Marlena Sonn worked for Getty family members for years. But she was troubled by the family’s use of Nevada-based trusts to pretend they didn't live in higher-tax California.

When she suggested they pay the CA taxes they owed, she was fired. inequality.org/great-divide/g…
Read 4 tweets
Jan 18
In the last decade, the global rich have seen their wealth explode.

We found that an annual #WealthTax on the wealthiest could raise $1.7 trillion to tackle inequality in 60 countries.

NEW report with @Oxfam, @PatrioticMills, and @FightInequality: ips-dc.org/release-new-re…
In the past ten years, global billionaire wealth has skyrocketed by 99.6%, a gain of over $5.9 trillion.

@Chuck99to1: "The concentration of wealth in the hands of the ultra-wealthy is endangering our democracy, economic stability, and social cohesion." ips-dc.org/release-new-re…
In the U.S., households with more than $50 million have seen their wealth increase 53.9% since 2012.

"The only reasonable way to fix our extreme wealth problem is by taxing that wealth directly," says @Chuck99to1. "We need a national #WealthTax." ips-dc.org/release-new-re…
Read 4 tweets
Jan 17
This week, it was exposed that members of the Getty family have used Nevada trusts to dodge $300 million in taxes owed to California over the last decade.

This shadowy trend is growing. New from @Chuck99to1 and @kalenasthom of @inequalityorg @thehill: thehill.com/opinion/financ…
The global release of the Pandora Papers in October 2021 revealed that billionaires around the world use the U.S. as a tax haven.

This wouldn’t be possible without the U.S. trust industry — and the growing number of states beholden to it. thehill.com/opinion/financ…
When the trust industry creeps into a state, it demands three requirements:

No transparency, no taxes on trusts, and no limit on how long a trust can exist.

This allows anyone, in total secrecy, to hide fortunes from fair taxation—possibly forever. thehill.com/opinion/financ…
Read 4 tweets
Jan 17
☀️ NEW: New Mexico is particularly vulnerable to climate change impacts, and dirty industries have treated the state like a sacrifice zone.

Fresh findings expose those industries' false climate claims and outline a #JustTransition to a healthy future: ips-dc.org/report-new-mex…
The oil & gas and uranium mining industries have poisoned communities in New Mexico while residents don't see the benefits.

While New Mexico ranks second in the country for oil and gas production, it’s the third poorest state. ips-dc.org/report-new-mex…
Monopoly investor-owned electric utilities often charge high rates to poorer New Mexicans, a pattern that risks being repeated even if cleaner energy sources are adopted.

For an energy transition to benefit all residents, it must be a #JustTransition. ips-dc.org/report-new-mex…
Read 4 tweets
Oct 31, 2022
In 2003, we awarded Luiz Inácio Lula da Silva a Letelier-Moffitt Human Rights Award for his historic organizing of poorer Latin American countries against unjust economic rules imposed by the Global North.

Yesterday, he was elected to be president of Brazil.

This is huge. 🧵 A color photo shows Lula ho...
Lula's victory amazingly marks the third winner of our Letelier-Moffitt Human Rights Awards to become president this year, with Gustavo Petro in #Colombia & Gabriel Boric in #Chile.

The message is clear: People in Latin America and around the world want a progressive future. 🌎
In his victory speech, Lula emphasized that he will continue to prioritize cutting poverty, ensuring access to food and housing, ending deforestation, and protecting Indigenous communities.

These are human-centered priorities that leaders everywhere can, and should, hold.
Read 4 tweets

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