World Bank group

As part of its support to countries to meet their Paris Climate Agreement targets, the World Bank said on Tuesday that it would stop financing upstream oil and gas projects after 2019.

The World Bank will only make exceptions to consider possible support for financing upstream gas “in the poorest countries where there is a clear benefit in terms of energy access for the poor and the project fits within the countries’ Paris Agreement commitments,” the bank said in a statement at the One Planet Summit in Paris.

The summit, to mark the second anniversary of the Paris Agreement, is convened by France’s President Emmanuel, United Nations Secretary General Antonio Guterres, and World Bank Group President Jim Yong Kim.

Apart from ceasing to finance oil and gas, the World Bank said today that it was on track to meet its target of 28 percent of its lending going to climate action by 2020 and to meeting the goals of its Climate Change Action Plan that had been developed following the Paris Agreement.

The bank will also start reporting next year greenhouse gas emissions from the investment projects it finances in key emissions-producing sectors, such as energy. The first results will be published in late 2018, and annually after that. The World Bank will also invest in green bonds and in a green bond fund, and in loans and funding aimed at reducing fossil fuel subsidies. . .

 

via World Bank To Cut Off Oil & Gas Funding

Who Owns New Zealand Now?

Bryan Bruce (2017)

Film Review

At present, New Zealand has the worst rate of homelessness in the OECD. In 2016, 41,000 Kiwis (nearly 1%) were homeless. Half of this number were families with children. This documentary examines the forces behind New Zealand’s homeless epidemic and potential solutions.

The film is highly critical of the neoliberal reforms in the 1980s that transformed New Zealand from a regulated economy to a so-called “market” economy, leading to low wages and soaring inequality. However it focuses mainly on the role of foreign investors, who have driven up housing costs by speculating in New Zealand real estate. Because the government no longer keeps data on the New Zealand property sold to overseas buyers, filmmakers had to go to researchers at the University of British Columbia to get a rough idea about the extent of foreign investment in New Zealand real estate.

As for potential solutions, Who Owns New Zealand Now suggests bringing back the State Advances loan program, (operating in New Zealand from the the early 1930s to the late 1960s), in which the government issued money directly (rather than borrowing it from banks) that Kiwis could borrow to purchase homes. It also examines measures other countries have adopted to discourage foreign speculators from driving up housing costs.

First and foremost the government needs to keep good data on New Zealand real estate being sold offshore. Secondly they need to discourage foreign real estate sales either by implementing a foreign buyers surtax, as Hong Kong and British Columbia do, or charging all buyers a stamp duty tax, as Australia, Canada and the UK do, and/or a capital gains tax when real estate is sold.

Among other reforms advocated in the documentary are a greater restriction in immigration levels, a return to state-funded mortgages and increased government support for cooperative housing, long term lease rentals, construction of smaller, more affordable, family friendly homes and most importantly a living wage for all Kiwis.

Owing to the failure of “the market” to accommodate their housing needs, at present approximately 1/3 of the New Zealand population requires state supported housing.

*
*
Gendered exploitation is at the heart of the free trade agenda. Female workers make up most of those employed in the notoriously exploitative export sectors, particularly in garment and textile manufacturing. Most of these women lack basic employment security and experience widespread labour rights violations, working up to 16 hours a day, seven days and week while not even earning a living wage.

HUMAN WRONGS WATCH

Human Wrongs Watch

By Sophie Hardefeldt*

Gendered exploitation is at the heart of the free trade agenda — a few tweaks to the edges won’t make it feminist.

.

Container Ships, San Francisco bay. Wikimedia Commons.

Gendered exploitation is at the heart of the free trade agenda – a few tweaks to the edges won’t make it feminist. In fact, it won’t do anything much at all. If we really want an international trade system that works for women, tokenism won’t cut it. We need to overhaul our approach to trade.

View original post 716 more words

*
*
Mirror undercover operation exposes abysmal working conditions of Amazon delivery drivers.

Nwo Report

Staff have so little time for food or toilet stops they snatch hurried meals on the run and urinate into plastic bottles they keep in their vans

MIRROR

Drivers are being asked to deliver up to 200 parcels a day for Amazon while earning less than the minimum wage, a Sunday Mirror investigation reveals today.

I hopped in a white van to spend a day with one driver and experience first-hand the intolerable pressures they face from “impossible” schedules.

Many routinely exceed the legal maximum shift of 11 hours and finish their days dead on their feet.

Yet they have so little time for food or toilet stops they snatch hurried meals on the run and urinate into plastic bottles they keep in their vans.

They say they often break speed limits to meet targets that take no account of delays such as ice, traffic jams or road closures.

Many…

View original post 1,251 more words

*
*
A brilliantly logical response to Donald Trump provocation over moving the US embassy to Jerusalem.

Desertpeace

 In response to US President Donald Trump’s recognition of Jerusalem as the Israeli capital, the Palestinian National Authority has announced that it will recognize Texas as a state of Mexico since it was violently annexed by the United States in the 1840s.

Palestinians recognize Texas as part of Mexico

by ALEX HUNTLEY

*

JERUSALEM – In response to US President Donald Trump’s recognition of Jerusalem as the Israeli capital, the Palestinian National Authority has announced that it will recognize Texas as a state of Mexico since it was violently annexed by the United States in the 1840s.

“The territory north and east of the Rio Grande is very important to the Mexican people,” explained a PNA spokesperson. “Before American settlers showed up and implemented slavery, Mexico oversaw this land. Then, President Polk sent his armies to invade the rest of these Mexican territories, and force the country…

View original post 146 more words

*
*
GE cutting 12,000 jobs.

Climate Denial Crock of the Week

Snooze you lose.

Renewables are the future. GE the latest to miss the trend.

Don’t be too hard on them – they’re not alone.  We are seeing a “disruption of unprecedented scope and speed,”

Reuters:

ZURICH/LAS VEGAS (Reuters) – General Electric Co (GE.N) said Thursday it is axing 12,000 jobs at its global power business, the struggling industrial conglomerate’s latest effort to shrink itself into a more focused company.

The U.S. company launched the cuts to save $1 billion in 2018 at its Power business, saying it expects dwindling demand for fossil fuel power plants to continue. GE’s cuts follow a decision by rival Siemens AG to slash 6,900 jobs in the face of a global shift by electric utilities away from fossil fuels to renewable sources of energy such as wind and solar.

GE did not give a breakdown of the job cuts, which represent about…

View original post 265 more words

*
*
The blue whale is endangered and the sea off our coast is one of their main feeding grounds. The oil companies use seismic blasting (every 8 seconds) to explore for oil. If the government won’t stop them, I guess the people have to do it.

Climate Justice Taranaki

24796781_1711500068900299_5066012273477453816_nMultinational oil and gas giant Schlumberger has started a huge 3D-seismic survey off the Taranaki coast. The ‘Amazon Warrior’ ship returned to Aotearoa after being chased away from the East Coast. Drilling in a known whale feeding and nursing ground? We don’t think so! More emissions while the climate is changing? We don’t think so! Risking further oil spills on our pristine coast? We don’t think so!
Come to a family friendly day of community opposition to the seismic survey. Gather at Ngāmotu Beach in New Plymouth, Saturday, 30th December, from 11am.

We will rally on the water and on the beach to send a clear message to the company and the government: the ‘Amazon Warrior’ is not welcome in our waters! Join us for a community flotilla and practice blockade for resistance to fossil fuels.

Bring:
– food for a picnic
– water
– boats – kayaks, surfboards…

View original post 112 more words


%d bloggers like this: