🛑 Business As Usual will lead to our demise. 🛑

Sooner or later, perhaps within years, certainly within a decade or two, the fragile and tenuous structure of our complex modern industrial society will break down. It won’t take much — overlapping natural disasters, collapse of the marine food web, an even worse pandemic, serious supply chain disruption, a major crop failure — some of these, or maybe all at once, and everything falls apart.

That’s not an outcome we should welcome. It can only lead to widespread suffering and starvation, with millions and possibly billions of human deaths.

If we are to have any hope of avoiding such a catastrophic societal collapse, we must rapidly reduce the extraction and burning of fossil fuels. But that will never happen as long as capitalism remains in charge.

So capitalism must go. The system must be changed.

Those at the top, however, will not give up easily. They will have to be forced to surrender, to step down and relinquish their power. The only way I can see that happening, short of violent revolution, is through a critical mass of people agreeing that it’s time for ACTION, then joining together for coordinated civil disobedience at a level never seen before.

The primary tactic is a prolonged general strike.

But it must be carefully thought out, every step meticulously organized. This would start with activists and neighborhood leaders meeting up and developing practical plans, locating resources, evaluating areas of strength and also of weakness.

Community groups could then begin stockpiling food and basic supplies and organizing voluntary systems of local/regional assistance, whether with transportation, health care, or finances, in preparation for the strike.

And when it begins:

⦿ No one goes to work

 ⦿ No one buys anything

 ⦿ No one pays any bills

If a wide-scale action like this could last at least a month, or even better two or three months, then I think we *might* have a chance of getting our demands met.

We’re at an inflection point, a moment of decision: either stay with capitalism and face disaster, or do whatever is necessary to bring about degrowth.

#Capitalism #BusinessAsUsual #Environment #Climate #ClimateChange #ClimateAction

More than 140 banks worldwide have "pledged" to cut emissions associated with their lending and investments to almost zero by 2050.

But meanwhile...
___________________________________

Less than a hundred miles from where world leaders are discussing how to meet their climate pledges, BP is drilling for gas. The project, a sprawling gas field off the Azerbaijani coast, could inject more than 1 billion metric tons of carbon into the atmosphere, striking a major blow to efforts to slow global warming.

BP has said it intends to invest heavily in new oil and gas fields in the coming years. But it would be unable to pursue these dirty projects without billions in support from big banks. Citigroup, JPMorgan Chase, and Wells Fargo, along with a number of other banks, all helped BP raise more than $5 billion last year.

Since May 2021, global banks committed to "Net-zero" have poured almost $1 trillion into companies pursuing expansion of oil and gas projects that would push the world beyond its survivable limits. Taken together, these projects would produce almost seven times the annual emissions of the U.S.
___________________________________

FULL STORY -- grist.org/accountability/net-z…

#Environment #Climate #ClimateChange #ClimateCrisis #Economics #Capitalism #BusinessAsUsual

In the six years between 2016 and 2021, according to data published in the most recent Circularity Gap Report, the global economy consumed 582 billion tonnes of materials — nearly as much as the 740 billion consumed in the *entire* 20th century.

REPORT ➡️ circularity-gap.world/2024

That’s very bad! But I wonder, do you think the world has been doing better since 2021? 🤔

I'm going to go out on a limb here and guess that global consumption has NOT declined during the past three years. In fact, the level almost certainly has increased. But let’s just say it has remained steady.

If that’s true, it means another three years of the world annually consuming ~97 billion tonnes of materials. So the total over the past nine years is now at least 873 billion tonnes — or about 18% MORE than all the materials consumed in the 20th century!

Driven by capitalism’s incessant demand for profits at any cost, we are consuming ourselves to death. But who cares about that? As long as billionaires keep getting richer, that’s all that matters, right?

Business As Usual must go on.

#History #Economics #Capitalism #BusinessAsUsual

What do you think happens when a UN climate conference is hosted by a petrostate — a country like Azerbaijan whose economy relies heavily on oil and gas?

Turning over a new leaf? Acknowledging it’s time for capitalism to end? Mea culpa?

Ha-ha, no.
_________________________________

A senior official at the COP29 climate change conference in Azerbaijan appears to have used his role to arrange a meeting to discuss potential fossil fuel deals.

A secret recording shows the chief executive of Azerbaijan's COP29 team, Elnur Soltanov, discussing "investment opportunities" in the state oil and gas company with a man posing as a potential investor.

"We have a lot of gas fields that are to be developed," says Soltanov.

As well as being chief executive of COP29, Soltanov is also the deputy energy minister of Azerbaijan and is on the board of Socar, Azerbaijan's state energy firm.
_________________________________

FULL STORY -- bbc.com/news/articles/crmzvdn9…
SEE ALSO -- globalwitness.org/en/campaigns…

#Environment #Climate #ClimateChange #Capitalism #BusinessAsUsual #COP29

Global temperatures heating up faster than ever? Monster storms on the rise? Ecosystems destroyed and species going extinct?

Who cares about all that?!

It's time to invest in fossil fuels!!!
______________________________________

Private equity firms are using US public sector workers’ retirement savings to fund fossil fuel projects pumping more than a billion tonnes of greenhouse gas emissions into the atmosphere every year, according to an analysis.

They have ploughed more than $1 trillion into the energy sector since 2010, often buying into fossil fuel projects and, thanks to exemptions from many financial disclosures, operating them outside the public eye, the researchers say.

In many cases they are mortgaging workers’ futures by taking the money they have put away for old age and investing it in assets that risk serious damage to the climate.
______________________________________

This is Business As Usual at its worst and most cynical. Outrageous. 😡

FULL ARTICLE -- theguardian.com/business/2024/…

#Economics #Climate #ClimateChange #Capitalism #BusinessAsUsual