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Big Oil faces a flood of climate lawsuits — and they’re moving closer to trial

Grist

It’s been six years since cities in California started the trend of taking Big Oil to court for deceiving the public about the consequences of burning fossil fuels. The long delays might have strengthened the legal arguments against fossil fuel companies.

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Climate Litigation Is Increasing as Government Action Falters

DeSmogBlog

Secretary General António Guterres asked nations to arrive at the session with concrete commitments for phasing out fossil fuels, observing in his opening remarks that “humanity has opened the gates of hell.” Despite its name, ambition was largely lacking at mid-September’s Climate Ambition Summit at the United Nations in New York.

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Reaching net zero requires climate intervention and aggressive mitigation

Business Green

Currently, society is continuing to subsidise the combustion of fossil fuels at a direct and indirect cost the IMF estimates to have been $5.9tr in 2020.

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Double materiality: Why nature risk and climate risk are two sides of the same coin

Business Green

Analysis by Carbon Tracker last week tallied up total oil sector write-downs at $87bn over the past nine months, thanks to a combination of lower oil demand and the accelerating clean energy transition. As such, moves are now being made to try and address these growing risks.

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Meat Industry Climate Claims – Criticisms and Concerns

DeSmogBlog

A 2020 study by researchers from the University of Alberta warned that scaling up livestock grazing to meet future food demand could threaten the biodiversity of herbivores and pollinators worldwide. A separate analysis from Oxford University’s Our World in Data project found that transitioning to a global vegan diet could save 6.6

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Review of Climate Policy Options

Low Carbon Prosperity

A declining cap on fossil fuel consumption has a much larger set of unknowns regarding technology, resources, and other shifts that could affect the cost of compliance. In other cases where fewer practical lower cost alternatives exist, the demand for a commodity is “inelastic.” The same elasticity effect applies to pollution.

Policy 72
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? Charting a course to curb maritime emissions

Climate Tech VC

With the growth of e-commerce and demand for faster shipping (which means burning more fuel), maritime emissions increased nearly 5% between 2020 and 2021. The drop in sulfur oxide emissions, which ironically have a cooling effect in the atmosphere by reflecting light, has also played a role in record high ocean temps this year.