American higher education endowments represent $400 billion worth of investments and there is a movement afoot to divest these funds from fossil fuels. The EPA, the IPCC, and many others have stated that fossil fuels are the primary driver of climate change. However, rather than moving away from fossil fuels, the US is intensifying its exploration efforts. Right now ExxonMobil spends $100 million a day trying to find more hydrocarbons. For companies like ExxonMobile who are stalwart supporters of dirty energy, divestment is a powerful instrument to induce change.
In finance and economics, a divestment is the reduction of an asset (the opposite of an investment). Historically, a good example of ethical divestment was the withdrawal of support from companies doing business with the apartheid regime in South Africa.
Showing posts with label influence. Show all posts
Showing posts with label influence. Show all posts
Friday, October 19, 2012
Monday, October 1, 2012
Big Oil's Influence on US Politicians
A new analysis from the NRDC Action Fund and the advocacy group Environment America reveals that money from oil interests appears to be influencing the voting records of US lawmakers. The analysis of the relationship between oil money and American politicians was published on September 12 in a report titled "Who Votes Dirty?" Along with examining the votes on House and Senate bills for or against air pollution regulations, the NRDC analysis also looked at campaign contributions from "dirty industries."
The NRDC Action Fund analysis found a strong link between campaign contributions from polluters, and votes against clean air legislation. Congresspersons who took more than $100,000 in campaign contributions from career polluters also voted against clean air laws nearly twice as many times as those who accepted less than $100,000 from dirty industries. In the Senate, those who took more than $500,000 in campaign contributions from career polluters, voted against clean air laws three times as often as those taking less.
The NRDC Action Fund analysis found a strong link between campaign contributions from polluters, and votes against clean air legislation. Congresspersons who took more than $100,000 in campaign contributions from career polluters also voted against clean air laws nearly twice as many times as those who accepted less than $100,000 from dirty industries. In the Senate, those who took more than $500,000 in campaign contributions from career polluters, voted against clean air laws three times as often as those taking less.
Saturday, July 14, 2012
Environmental Advocacy through Citizen Journalism
Exposing all the environmental insults taking place around the world is an important part of changing the way we treat the Earth. This video shows you how to become a citizen journalist and report important environmental stories effecting your community.
How to Help Pass Environmental Legislation
This video addresses an approach to changing environmental and energy laws. This class teaches you how to get results by developing and proposing adoptable solutions at government meetings. Although the course suggests "ready to adopt" laws, there is no need to confine yourself to this list. In this world of negative politics this no-blame approach may improve the chances of successfully passing environmental legislation.
Environmental Advocacy Influence on Policy and Law
Environmental advocacy can change laws. When enough people get involved lawmakers will listen. In this video Allen Grosboll, co-legislative director of the Environmental Law & Policy Center, explains how you can use environmental advocacy to have a positive impact on policy.
Saturday, February 4, 2012
Video: The Koch Brothers are Oil Billionaires on a Maniacal Mission
The Koch brothers are oil billionaires who have spent hundreds of millions of dollars to increase their own profits through decreasing regulations. With a net worth of $43 billion the Kochs have already spent decades of their lives and over $324 million of their wealth exerting their influence. Here is a video from Brave New Foundation outlining the top five worst things this climate denying duo are doing to fulfill their self serving agenda.
Video: What do the Koch Brothers talk about at thier Secret Right Wing Retreats?
The Koch brothers are right-wing, climate change denying, oil billionaires. They hold secret retreats for rich conservatives. During one of these retreats Charles Koch was caught comparing president Obama to killed 9/11 mastermind Osama Bin Laden. In this video, the Young Turks host Cenk Uygur shares more details.
Friday, October 22, 2010
Republican Political Finance and the 2010 Midterm Elections
Campaign finance is a big issue this election cycle in part because a Supreme Court ruling that removed contribution limits. This year, is the first national election since the Court's decision opened the floodgates enabling companies (primarily the fossil fuel industry) to spend unlimited sums to support candidates who will protect the interests of the old energy economy.
To help facilitate the influx of money, Republicans and their allies have set up new organizations, nicknamed super PACs, these groups accept and spend unlimited contributions without disclosing their donors.
The Sunlight foundation, a nonpartisan group that advocates for government transparency, estimates that nearly $100 million in what it calls "dark money" is finding its way into midterm election races. That's about half of all the money from outside groups, and most of it is going to Republicans.
The Sunlight foundation says Republican-supporting super PACs and other independent groups are outspending those allied with Democrats by nearly $41 million. The Campaign Finance Institute at George Washington University puts the disparity at $63.5 million. They also cite a 73 percent rise in spending since 2008 by independent outside groups.
Environmental groups also donate money and influence the debate, however, the massive resources of the oil industry dwarf environmental groups. In 2009, the oil industry spent over $175 million lobbying against climate change legislation whereas all environmental groups together spent about 7 percent of that amount or $24 million.
Another important distinguishing factor of environmental groups lobbying efforts is that they are working to create green jobs, reduce pollution and combat climate change. Republican candidates are taking money from the petrochemical industry who are seeking to protect oil interests at the expense of green jobs and a clean energy economy.
The Democrat's efforts to pass a disclosure bill this year, ran into a wall of GOP opposition. With all the money flowing to Republican candidates from big oil, it is no wonder they resist transparency. It also helps to explain poll results favoring Republican candidates.
Americans deserve to know the truth about money that is coming from out of state, particularly money coming from those with a dirty agenda.
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