Coal has long been in decline, but with financial giants rethinking oil and gas, and a major proposed oil project folding, is the end in sight for new fossil fuel projects as well?
Around the globe, energy and urgency is growing to limit human-driven climate change as quickly as possible. A youth movement, responding to rising anxiety about a future dominated by climate change and the grim realities climate models foretell, is growing on a daily basis. Their battle? Take on the fossil fuel industry, the single largest contributor to our shared climate crisis.
Finding its future less certain than ever, fossil fuel giants insist they will play a positive role in reining in climate change, while their actions tell a totally different story. Spending millions of dollars on social media ads while pouring money almost exclusively into expanded production of products made from fossil fuels, their public “do-good” message is anything but. It’s just more duplicitous greenwashing. But it appears everyone from youth activists to investment bankers is starting to see through the thin green veneer.
Source: The Energy Shift Approaches as Fossil Finance Dries Up | NRDC