petro-oligarchy
ICJ hearings on state climate obligations
The International Court of Justice (ICJ), the principal judicial organ of the United Nations, commenced hearings Dec. 2 on the obligations of states concerning climate change. The oral proceedings are scheduled to run for nine days at the Peace Palace in The Hague, Netherlands.
The request for an advisory opinion from the ICJ was submitted in March 2023, following the unanimous adoption of Resolution 77/276 by the UN General Assembly. The resolution sought the court's guidance on the obligations of sates to "ensure the protection of the climate system…for present and future generations," and the legal implications of "acts and omissions [that] have caused significant harm to the climate system." The second question especially addresses the international community's legal responsibilities to small island developing States, which are disproportionately threatened by the adverse effects of climate change.
Global carbon emissions hit record high in 2024
Global carbon emissions from fossil fuels have hit a record high in 2024, with still no sign that they've peaked, according to a "carbon budget" assessment by the UK-based Global Carbon Project. The researchers found that burning of oil, gas and coal emitted 41.2 billion tons (37.4 billion metric tons) of carbon dioxide into the atmosphere in 2024, a 0.8% increase over 2023. When added to emissions generated by land-use changes such as deforestation, a total of 45.8 billion tons (41.6 billion metric tons) of CO2 was emitted in 2024. At this rate, the researchers estimate there's a 50% chance that global warming will exceed the 1.5 Celsius (2.7 degrees Fahrenheit) warming target set by the Paris Agreement within six years. The findings were published Nov. 13 in the journal Earth Systems Science Data. (LiveScience, DW)
Small Island States conference rebukes developed nations
The president of the Fourth International Conference of Small Island Developing States (SIDS), Gaston Alphonso Browne, accused wealthy nations of empty climate pledges on May 27, referring to a lack of financial help to developing countries, along with the inadequacy of carbon emission reduction efforts. The summit, entited "Charting the Course Toward Resilient Prosperity," was hosted by Antigua & Barbuda, where Browne serves as prime minister. Browne blasted developed nations for failing to meet their "obligation to compensation" to the SIDS nations. This refers to the annual $100 billion that was agreed to under the 15th Conference of Parties (COP15) of the United Nations Framework Convention on Climate Change (UNFCCC) in 2009 and reiterated in the 2015 Paris Agreement.
Lower emissions from US power grid (at least)
The US Department of Energy on April 25 released its preliminary estimate for the nation's carbon emissions in the previous year. While falling far short of the kind of drop needed to meet the Paris Agreement goals, a dip in emissions was recorded—almost entirely due to changes in the electric power sector. US carbon emissions have been trending downward since 2007, when they peaked at about six gigatonnes. The COVID-19 pandemic produced a dramatic drop in emissions in 2020, bringing the yearly total to below five gigatonnes for the first time since before 1990, when DoE monitoring began. Carbon dioxide releases rose after the return to "normalcy"; 2023 marked the first post-pandemic decline, with emissions again below five gigatonnes.
Podcast: geopolitics of the Essequibo dispute
In Episode 205 of the CounterVortex podcast, Bill Weinberg looks at the recent re-escalation and (hopefully) denouement of the dispute over Esequibo—an oil-rich territory controlled by Guyana and claimed by Venezuela. Ironically, this claim was first asserted by the conservative, anti-communist Venezuela of the 1960s to help destabilize the anti-imperialist Guyana of Cheddi Jagan. Today, the left-populist but increasingly nationalistic regime of Nicolás Maduro even entertains hubristic claims to sovereignty over Venezuela's other much larger neighbor, Colombia. But this revanchism appears to mask the fact that "revolutionary" Venezuela largely remains a petro-state with a rentier economy, vulnerable to drops in the global oil price, even if Chinese corporate exploiters have been replacing gringo ones. With the recent easing of sanctions, US giants like Chevron have even returned to Venezuela—while the extractivist model results in indigenous resistance. Contrary to the dogmas of left and right alike, the real root of the Venezuelan crisis is that the country is insufficiently socialist.
Houthis vow to continue attacks on Red Sea shipping
Senior Houthi official Mohammed Al-Bukaiti issued a statement Dec. 19 saying the Yemeni armed movement would not stop its military operations in the Red Sea unless Israel stops what he referred to as "genocide crimes" in Gaza and allows humanitarian aid to enter the Strip. The move comes despite the US announcement of a new naval coalition to counter the attacks.
COP28: landmark deal, or messy compromise?
In the time-honored tradition of climate summits, COP28 wrapped up in overtime in Dubai Dec. 13, after frantic late-night horse-trading secured a deal that divided opinion. For some, the so-called "UAE Consensus" that agrees to "transition away from fossil fuels" is a historic first commitment (albeit vague and non-binding) to eliminate the main cause of climate change. For many climate activists and other sceptics, however, it represents a baby step on a marathon that requires a flat-out sprint. Arguably of greater import was the agreement to launch a loss and damage fund, after a hard year of talks. COP28 also agreed on a first Global Stocktake: an assessment of climate progress to date, and a roadmap for what still needs to be done—it calls, for example, for a tripling of renewable energy capacity.
Alberta invokes Sovereignty Act over emission regs
The legislature of the Canadian province of Alberta invoked the controversial Alberta Sovereignty Act on Nov. 27 in response to new federal environmental policies. The provincial legislature passed a resolution resolving to "urge the Government to use all legal means necessary to oppose the implementation and enforcement of the Federal Initiative in Alberta." The initiative refered to is Canada's proposed Clean Energy Regulations, which the resolution says mandate "a set of emissions standards and timelines that are unattainable within the context of Alberta's electricity industry and available energy resource," and would have "an extreme chilling effect on investment in Alberta's electricity generation industry."
Recent Updates
6 hours 14 min ago
9 hours 34 min ago
1 day 2 hours ago
1 day 2 hours ago
1 day 2 hours ago
2 days 4 hours ago
5 days 6 hours ago
5 days 6 hours ago
1 week 5 hours ago
1 week 5 hours ago