SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
For Immediate Release
June, 29 2020, 12:00am EDT
Contact:
Lindsay Meiman, lindsay@350.org, (347) 460-9082
GW Commits to Fossil Fuel Divestment
On Monday morning, the George Washington University Board of Trustees announced GW's commitment to fully divest the university endowment from the fossil fuel industry by 2025, achieve carbon neutrality by 2030, and further sustainability measures on campus.
WASHINGTON
On Monday morning, the George Washington University Board of Trustees announced GW's commitment to fully divest the university endowment from the fossil fuel industry by 2025, achieve carbon neutrality by 2030, and further sustainability measures on campus.
The Sunrise GW leadership team released the following statement in response to the announcement:
"The decision today is a profound victory for the GW community. Eight years ago, GW students launched a campaign to force our university to reckon with the climate crisis and divest from the fossil fuel industry. The climate crisis is an existential threat to humanity, and has been caused not by everyday people, but by a handful of fossil fuel executives who have put their profits over our future. Continued investment in fossil fuel corporations is complicity in their crimes. We commend GW for taking this action, but we want to make clear that this would not have happened without years of student organizing. For too long, the Board of Trustees has ignored and dismissed student voices. We hope that the Board continues to act on issues brought forth by students. Today, we celebrate our victory, and tomorrow we go back to our fight for a livable and just future for all."
Sunrise GW led the successful fossil fuel divestment campaign at George Washington University, is fighting for action on the fossil fuel industry-backed GW Regulatory Studies Center, and is building support for the Green New Deal, the only solution that meets the climate crisis at the scale that science and justice demand.
350 is building a future that's just, prosperous, equitable and safe from the effects of the climate crisis. We're an international movement of ordinary people working to end the age of fossil fuels and build a world of community-led renewable energy for all.
LATEST NEWS
Ahead of COP30, Report Finds Oil and Gas Expansion Continues to Outpace Climate Action
"While the Loss and Damage Fund sits almost empty, oil and gas companies are investing more than $60 billion each year into new exploration," said one campaigner.
Nov 04, 2025
The fossil fuel industry is "racing toward climate breakdown with its foot on the accelerator," said one official at the German environmental rights group Urgewald on Tuesday as the group released its Global Oil and Gas Exit List.
The report shows that as world leaders prepare to meet in Brazil for the annual United Nations climate summit, any discussion they have there regarding a green transition is being undercut by massive expansion in oil and gas extraction and production, including in the fracking and liquefied natural gas (LNG) industries.
Four years after the International Energy Agency (IEA) stated that no new oil and gas fields have a place on a pathway to limiting planetary heating to 1.5°C—marking global energy experts' public endorsement of warnings that had come from climate scientists for years prior—96% of fossil fuel firms are exploring and developing new oil and gas resources, said Urgewald.
Short-term expansion is up 33% since 2021, when the IEA issued its warning, with fossil fuel giants planning to bring 256 billion barrels of oil and gas equivalent (bboe) into production in the coming years.
Five companies account for about one-third of global short-term expansion: QatarEnergy (26.2 bboe), Saudi Aramco (18.0 bboe), ADNOC in the United Arab Emirates (13.8 bboe), Russian state-owned entity Gazprom (13.4 bboe) and US firm ExxonMobil (9.7 bboe).
Nils Bartsch, head of oil and gas research at Urgewald, said the largest fossil fuel companies in the world "are treating the Paris Agreement like a polite suggestion, not a survival plan."
The analysis comes a decade after 195 countries signed the legally binding Paris Agreement, committing to develop and implement national climate action plans to draw down fossil fuel emissions.
"With 256 billion barrels of new projects on the table, this is not a transition—it is defiance," said Bartsch.
The Paris Agreement also included a demand for wealthy countries to contribute funds to help the Global South mitigate and adapt to the climate emergency, and annual UN conferences have addressed climate finance, but the industry is still spending about 75 times more on oil and gas exploration than governments have pledged to the UN Loss and Damage Fund, according to the report.
On average, companies listed in the Global Oil and Gas Exit List (GOGEL) spent an average of $60.3 billion over the last three years on oil and gas expansion.
“Brazil is showing an alarming level of climate hypocrisy—presenting itself as a climate leader at COP30 while allowing oil and gas expansion right at the summit’s doorstep, threatening one of our most fragile ecosystems."
The US has pledged just 17.5 million to the Loss and Damage Fund, while two of its biggest fossil fuel companies, Chevron and ExxonMobil, have spent $1.3 billion and $1.1 billion on oil and gas exploration, respectively, in the last three years.
"While the Loss and Damage Fund sits almost empty, oil and gas companies are investing more than $60 billion each year into new exploration, exacerbating the problem the fund is meant to alleviate. This is financial and moral negligence. Regulators and supervisory authorities need to start treating this as a risk, not a footnote," said Fiona Hauke, oil and gas researcher and financial regulation expert at Urgewald.
The report was released a week before world leaders are scheduled to meet in Belém, Brazil for the 2025 United Nations Climate Change Conference (COP30), even as state-owned fossil fuel company Petrobras begins drilling in Foz do Amazonas Basin in the fragile, biodiverse Amazon rainforest.
Petrobras was named in GOGEL as the 15th largest fossil fuel exporter worldwide, currently spending $1.1 billion annually searching for new reserves, as Brazil prepares to host a meeting that is meant to focus on implementing emissions reduction plans.
“Brazil is showing an alarming level of climate hypocrisy—presenting itself as a climate leader at COP30 while allowing oil and gas expansion right at the summit’s doorstep, threatening one of our most fragile ecosystems,” said Nicole Oliveira, executive director of the Arayara International Institute in Brazil.
GOGEL also pointed to oil and gas expansion in the US under the Trump administration, with the US overtaking China as the number-one developer of gas-fired power even as a recent UN and World Bank report found that nine out of 10 renewable energy projects are cheaper than even the lowest-cost fossil fuel alternatives.
The US is home to the largest LNG export developer worldwide, Venture Global, as companies are planning an export capacity of around 847 million tons per year—a 171% increase from current operational capacity.
Urgewald noted that even TotalEnergies CEO Patrick Pouyanné recently acknowledged that the LNG sector is "building too much."
"Analysts warn that if current plans proceed, the world could face an oversupplied gas market within five years, with far more capacity than global demand can absorb," reads GOGEL. "Yet despite industry leaders acknowledging the risk, investment continues."
"US fracking companies are producing far more gas than they can sell domestically," adds the report, noting that the country is turning to Mexico as an export platform. "Now faced with a flood of excess gas, companies are racing to build new LNG facilities to liquefy their surplus and push it onto countries around the globe."
Pablo Montaño, director of Conexiones Climáticas, Mexico, said new LNG projects "are not for the benefit of Mexicans."
"They will import fracked gas from the US, liquefy it in Mexico and send it straight to Asia. Gas liquefaction is an incredibly dirty business," he said.
Despite clear warnings from energy and climate experts, said Cathy Collentine, Beyond Dirty Fuels campaign director at the Sierra Club in the US, "fossil fuel expansion continues to put communities and the climate at risk."
"Under the Trump administration," she said, "we are seeing a disregard for both to do the bidding of Big Oil and Gas."
Keep ReadingShow Less
$70 Trillion in Inherited Wealth Shows Global 'Inequality Emergency' Spiraling Out of Control
"Inequality is a crisis in need of concerted action," said Nobel Prize-winning economist Joseph Stiglitz.
Nov 04, 2025
A panel of experts convened by South Africa's president warned Tuesday that the world is facing an "inequality emergency" as the richest people on the planet capture a disproportionate share of new wealth and prepare to pass it down to their heirs—perpetuating the chasm between economic elites and everyone else.
The panel, led by Nobel Prize-winning economist Joseph Stiglitz, notes in a new report that over $70 trillion in wealth will be passed down to heirs over the next decade. In the next 30 years, the panel estimates, 1,000 billionaires will transfer more than $5.2 trillion to their heirs mostly untaxed.
"Inequality is one of the most urgent concerns in the world today, generating many other problems in economies, societies, polities and the environment," states the report, published ahead of the G20 meetings in Johannesburg at the end of the month.
Joining Stiglitz on the panel, formally called the Extraordinary Committee of Independent Experts on Global Inequality, were Adriana Abdenur of Brazil, Winnie Byanyima of Uganda, Jayati Ghosh of India, and Imraan Valodia and Wanga Zembe-Mkabile of South Africa.
"Inequality is not a given; combating it is necessary and possible," the experts wrote. "Inequality results from policy choices that reflect ethical attitudes and morals, as well as economic trade-offs. It is not just a matter of concern for individual countries, but a global concern that should be on the international agenda—and therefore the G20's."
Since 2000, the global 1% has captured more than 40% of all new wealth while the bottom half of humanity saw its wealth grow by just 1%, according to the new report. More than 80% of countries—accounting for roughly 90% of the global population—have high levels of income inequality, which undermines social cohesion, economic functioning, and democratic institutions nationally and worldwide.
The panel recommends a broad scope of policy changes to tackle runaway income and wealth inequality, from ensuring the fair taxation of multinational corporations and ultra-rich individuals, to antitrust policies that reduce corporate concentration, to major investments in public services.
The experts also called for the creation of an International Panel on Inequality—inspired by the Intergovernmental Panel on Climate Change (IPCC)—"to support governments and multilateral agencies with authoritative assessments and analyses of inequality" that would "empower policymaking."
"The committee's work showed us that inequality is a crisis in need of concerted action," Stiglitz said Tuesday. "The necessary step to taking this action is for policymakers, political leaders, the private sector, journalists and academia to have accurate and timely information and analysis of the inequality crisis. This is why our recommendation above all is for a new International Panel on Inequality."
"It would learn from the remarkable job the IPCC has done for climate change, bringing together technical expertise worldwide to track inequality and assess what is driving it," he added.
Keep ReadingShow Less
Calling Climate Change a 'Public Health Crisis,' Open Letter Urges Action at COP30
"By putting health first, leaders can design climate policies that protect lives, reduce inequalities, and rebuild trust in international cooperation," the letter reads.
Nov 04, 2025
In the lead-up to the United Nations Climate Change Conference in Belém, Brazil, more than 230 climate and health organizations, activists, policymakers, artists, and experts have signed an open letter urging world leaders to prioritize health as they discuss how to address the climate emergency.
The letter, "Put Health at the Heart of Climate Action," was publicized on Tuesday. It urges leaders not only to center health but to "raise ambition" in crafting policy to respond to the health harms caused by the burning of fossil fuels and the subsequent heating of the atmosphere.
"Health is not a secondary benefit of climate policy—it is the foundation of resilience, prosperity, and justice. Yet health remains marginal in most climate negotiations, treated as an outcome rather than a driver," the letter reads. "At COP30, this must change."
The letter—backed by major public health groups like Médecins Sans Frontières and the Alliance of Nurses for Healthy Environments; green organizations like Amazon Watch, Greenpeace UK, and several Fridays for Future branches; prominent climate activists like Vanessa Nakate; and environmentally minded artists like director Adam McKay—urges five central actions for governments attending COP30 to take:
- Follow through on a just transition from fossil fuels to renewable energy;
- Fund local climate action, especially in poorer countries;
- Don't let polluting industries like fossil fuels, industrial agriculture, or transportation influence climate and health policy;
- Make sure that health is incorporated into all climate plans and policies, including Nationally Determined Contributions and National Action Plans; and
- Include "planetary health education" into school lesson plans and medical training.
“The climate crisis is not just an environmental issue. It is a health and human rights emergency," said Marta Schaaf, director of the Program on Climate, Economic, and Social Justice, and Corporate Accountability for Amnesty International, which signed the letter. "Governments need to take decisive action to fully phase out fossil fuels, to save lives, build resilient communities, and uphold people's right to a healthy environment.”
In particular, the letter writers emphasized the health importance of rapidly phasing out fossil fuels. In addition to being the root cause of all climate-caused health impacts—from deaths, illness, and injury due to more frequent and severe heatwaves and wildfires to waterborne diseases spread by flooding—the burning of oil, gas, and coal also leads to 8 million early air pollution deaths every year and sickens communities living near wells and mines.
"These are not abstract numbers but real people—families struggling to breathe, children developing lifelong conditions, health workers pushed to [the] breaking point," the letter writers said.
The open letter acknowledges the Belém Health Action Plan, which is designed to help the health sector adapt to the climate emergency. However, it argues that COP30 could go further by recognizing and acting upon "the role of fossil fuels in driving the climate crisis and impacting human health."
“Promoting resilient health systems is a central objective of the COP30 Action Agenda," said COP30 Special Envoy for Health Ethel Maciel. "Efforts like this open letter are helping build a broad coalition to drive implementation of the Belém Health Action Plan and its shared goals. I am pleased to add my name as the COP30 health envoy and to see a wide range of partners doing the same as we move closer to the 30th Conference of the Parties in Belém. This letter sends an unequivocal message that health is an essential component of climate action.”
The letter was instigated by Think-Film Impact Production, which has launched a Healthy Planet Now campaign linked to the upcoming documentary My Planet Now, produced by Sandpaper Films and codirected by Jenny Saunders and Henry Singer.
“Every signature on this letter represents a shared story of human resilience and hope," said Amy Shepherd, the chief operating officer of Think-Film Impact Production. "It is essential that policy leaders champion films like My Planet Now, which translate the urgency of the climate and health crisis into emotion and movement—because only when people feel the story will they fight to change its ending.”
It isn't only Think-Film Impact Production and the letter signers who are raising the alarm about the health dangers of the climate crisis. The letter's announcement comes one week after The Lancet published its annual "Countdown on Health and Climate Change."
The 128-authored paper reached several alarming conclusions, including:
- Climate change caused 84% of life-threatening heatwave days between 2020 and 2024;
- Heat-related deaths have risen by 63% since the 1990s, to reach one per minute;
- Extreme drought impacted 61% of land area in 2024;
- Global heating has increased the risk of dengue fever and tick-borne diseases;
- A record-breaking 639 billion work hours were lost due to extreme heat in 2024; and
- A lack of climate action has led to millions of preventable deaths each year.
"With the threats to people's lives and health growing, delivering a health-protective, equitable, and just transition requires all hands on deck. There is no time left for further delay," The Lancet authors wrote at the end of their executive summary.
The Healthy Planet Now letter also concludes with a call to action: "At COP30, governments must treat climate change not only as a planetary emergency but as a direct public health crisis and opportunity. By putting health first, leaders can design climate policies that protect lives, reduce inequalities, and rebuild trust in international cooperation."
"The health of billions—and the future of generations to come—depends on it," it says.
Keep ReadingShow Less
Most Popular