The End is Near for Dirty Energy: Fossil Fuels are Being Abandoned by Investors, Insurers and Banks

“I’m done with fossil fuels. They’re done. They’re just done. We’re starting to see divestment all over the world.” - CNBC’s Jim Cramer

The fact that investors, insurance companies and banks are abandoning the fossil fuel industry is a clear sign that coal, oil and gas are in the final stage of their energy dominance. Those who refuse to come to terms with this fundamental reality will by punished financially and in the court of public opinion.

Ten Climate Proposals from the Leading Democratic Presidential Candidates

For the first time ever, all of the leading Democratic presidential candidates agree that climate change is a high priority issue that demands urgent action. They all released climate proposals ahead of the historic climate town halls on September 4th.

There is a great deal of agreement between the leading Democratic contenders. They all want to reverse Trump's actions and rejoin the Paris Climate Agreement. They all support zero-emissions, carbon-neutral electricity, the electrification of transportation and ending federal fossil fuel subsidies.

The candidates also share a common focus on socioeconomic disparities. They want to address inequality through climate action that assists vulnerable people in minority and other disadvantaged communities. They all offer varying degrees of support for the Green New Deal.

Ending Fossil Fuel Subsidies is a Crucial First Step

Ending fossil fuel subsidies is the first step towards addressing climate change. We know that the climate crisis is a genuine emergency and we also know that fossil fuels are the leading cause, hence transitioning away from them is central to addressing the crisis we face.

"The first step towards that is to stop supporting the industry with our public dollars," Stephen Kretzmann, the executive director of Oil Change International is quoted as saying in a Center for Biological Diversity press release. "These subsidies are a raw deal for American taxpayers, and a disaster for our climate."