November, 08 2020, 11:00pm EDT
TD is Latest Financial Institution to Pledge Net-Zero Emissions by 2050
Plan also rules out Arctic drilling, but fails to drop tar sands
WASHINGTON
TD Bank Group released a new climate action plan today, pledging to achieve net-zero greenhouse gas emissions from its operations and financing activities by 2050. The bank is the latest major financial institution to make such a commitment, following similar announcements by Morgan Stanley and Barclays.
TD's new plan also rules out project-specific funding for oil and gas development in the Arctic Circle, including in the Arctic National Wildlife Refuge. TD is now the third major Canadian bank to prohibit financing drilling in the Arctic Refuge, following RBC and BMO, and joins a list of more than two dozen global banks that reject funding for Arctic oil and gas. However, TD's new plan does not address the bank's funding of Canadian tar sands, which is one of the most highly-polluting fuel sources on the planet. According to the annual Banking on Climate Change fossil fuel finance report, TD is the world's biggest funder of tar sands oil, pouring more than USD $22.5 billion into the tar sands industry from 2016-2019.
In response, Sierra Club Senior Campaign Representative Ben Cushing released the following statement:
"Committing to net-zero financed emissions by 2050 is a good step forward, and in recent months has become the new baseline for banks looking to clean up their act on climate. Now this commitment needs to be followed up with critical next steps for actually getting there, including a near-term target for emissions reductions and a clear plan to phase out financing for fossil fuels immediately.
"It's notable that TD has at least taken one step towards the goal of phasing out fossil fuels by pledging not to directly fund destructive drilling in the Arctic. Arctic drilling threatens the future of our climate and the human rights of Indigenous communities in Alaska and Canada. Ruling it out is low-hanging fruit for any socially or environmentally responsible bank and any institution that hasn't yet done so should follow suit. However, a realistic plan to achieve net-zero emissions and align with the Paris Agreement must include an immediate commitment to phase out dirty tar sands as well."
The Sierra Club is the most enduring and influential grassroots environmental organization in the United States. We amplify the power of our 3.8 million members and supporters to defend everyone's right to a healthy world.
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Trump's 'Phony Energy Emergency' Used by DOJ to Target State Climate Laws
"There is no energy emergency, and Trump's stated reasoning for it is as much a scam as every other pathetic con and hustle this president attempts," said one consumer campaigner.
May 02, 2025
Defenders of climate and the rule of law blasted the Trump administration on Friday for using what one consumer campaigner called a "phony" emergency to wage lawfare agaist states trying to hold Big Oil financially accountable for the planetary crisis.
On Thursday, the U.S. Department of Justice (DOJ) filed complaints against New York and Vermont over their climate superfund laws, which empower states to seek financial compensation from fossil fuel companies to help cover the costs of climate mitigation. The burning of fossil fuels is the main driver of human-caused global heating.
Separately, the DOJ also sued Hawaii and Michigan "to prevent each state from suing fossil fuel companies in state court to seek damages for alleged climate change harms."
"The use of the United States Department of Justice to fight on behalf of the fossil fuel industry is deeply disturbing."
Hours later, Hawaii became the 10th state to sue Big Oil for lying about the climate damage caused by fossil fuels. The Aloha State's lawsuit targets ExxonMobil, Chevron, Shell, BP, and other corporations for their "decadeslong campaign of deception to discredit the scientific consensus on climate change" and sow public doubt about the existence and main cause of the crisis.
"The federal lawsuit filed by the Justice Department attempts to block Hawaii from holding the fossil fuel industry responsible for deceptive conduct that caused climate change damage," Hawaii Attorney General Anne E. Lopez said. "The use of the United States Department of Justice to fight on behalf of the fossil fuel industry is deeply disturbing and is a direct attack on Hawaii's rights as a sovereign state."
The DOJ on Thursday cited President Donald Trump's April 8 executive order, " Protecting American Energy From State Overreach," which affirms the president's commitment "to unleashing American energy, especially through the removal of all illegitimate impediments to the identification, development, siting, production, investment in, or use of domestic energy resources—particularly oil, natural gas, coal, hydropower, geothermal, biofuel, critical mineral, and nuclear energy resources."
Trump also signed a day-one edict declaring a "national energy emergency" in service of his campaign pledge to "drill, baby, drill" for climate-heating fossil fuels. The "emergency" has been invoked to fast-track fossil fuel permits, including for extraction projects on public lands.
Acting Assistant Attorney General Adam Gustafson of the DOJ's Environment and Natural Resources Division said in a statement Thursday, "When states seek to regulate energy beyond their constitutional or statutory authority, they harm the country's ability to produce energy and they aid our adversaries."
"The department's filings seek to protect Americans from unlawful state overreach that would threaten energy independence critical to the well-being and security of all Americans," Gustafson added.
Robert Weissman, co-president of the consumer advocacy watchdog Public Citizen, on Friday accused the Trump administration of "using a phony energy emergency declaration to illegally attack state climate and clean energy laws."
"There is no energy emergency, and Trump's stated reasoning for it is as much a scam as every other pathetic con and hustle this president attempts," Weissman continued. "Fake constitutional claims based on a fake emergency cannot and will not displace sensible and long overdue state efforts to hold dirty energy corporations accountable."
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"When people can't get their benefits for any reason, that is a benefit cut," said one advocate.
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A new analysis out Friday makes the case that cuts proposed by the Trump administration to Social Security operations nationwide will create a "significant new burden" for millions of people, particularly "those who live in rural areas or have transportation or mobility difficulties."
Those who collect Social Security benefits will no longer be able to update their direct deposit banking information solely by phone. Instead of verifying their identity via security questions over the phone, the agency will require those who rely on Social Security to use a multifactor authentication process that includes a one-time PIN code or to visit a social security office in person.
The left-leaning think tank behind the new analysis, the Center on Budget and Policy Priorities (CBPP), warned Friday that even though Trump officials within the SSA have claimed that the policy shift is designed to reduce fraud, "the agency's own figures show that direct deposit fraud is a very small problem—less than one-hundredth of one percent of benefits are misdirected."
A document from the agency gives "estimated burden figures," which indicates that nearly 2 million beneficiaries will need to visit a field office as a result of the changed process.
An April analysis from CBPP estimated that some 6 million live more than a 45-mile trip away from the nearest Social Security field office.
"The new PIN code requirement will be impossible for many beneficiaries to meet," according to the analysis from CBPP released Friday. "Many seniors and people with disabilities lack internet service, computers or smartphones, or the technological savvy to navigate SSA's online services."
What's more, the analysis states, "the PIN requirement expects callers to complete a multi-step, multifactor authentication and generate a PIN code while on the phone with an agent. Or if they don't have an account, they must hang up, establish an online account, then call back—a not-insignificant inconvenience when most callers to SSA do not reach an agent on the first try, and the wait time for a call back from SSA averages 2.5 hours."
Alex Lawson, executive director of Social Security Works, told Common Dreams on Friday that the CBPP analysis helps show how "the Trump administration and its goons are waging a full scale war against Social Security. They are forcing millions of Americans into Social Security offices at the same time they are cutting a huge percentage of the workforce."
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Trump, with the help of his billionaire advisor Elon Musk and the so-called Department of Government Efficiency, have endeavored to slash government spending and personnel. A tracker from The New York Times estimates that there has been a 5% staff reduction at SSA, but total planned reductions at the agency could ultimately cut staff by 17%.
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"No sentence can restore what was taken, but today's outcome delivers a necessary measure of justice. Wadee was an innocent child. He was targeted because of who he was—Muslim, Palestinian, and loved."
May 02, 2025
A judge told an Illinois man Friday that his hate-fueled murder of six-year-old Wadee Alfayoumi in October 2023 was "brutal and heinous" as she sentenced him to 53 years in prison.
The sentence was handed down three months after Joseph Czuba, 73, was found guilty of murdering the Palestinian-American kindergartner, who lived with his family in two bedrooms they rented from Czuba in Plainfield Township, Illinois.
Prosecutors found that Czuba became "paranoid and violent" after Hamas attacked Israel on October 7, 2023 and as Israel's bombardment of Gaza's population of 2.3 million Palestinians began in retaliation.
Alfayoumi's mother, Hanan Shaheen, testified during Czuba's trial that he had attacked her first before moving on to stab her son 26 times. Czuba told Shaheen before the attack that the family had to leave their home because they were Muslim.
Mahmoud Yousef, an uncle of Alfayoumi's father, told the court at the sentencing that no prison sentence for Czuba would lessen the family's pain.
"Together, we must build a society where no one lives in fear because of who they are, and no family mourns a loved one lost to hate."
"That's more than just hate, that went way beyond that," Yousef said of the murder. "We're talking about a 6-year-old kid whose father had plans for him."
Yousef also looked directly at Czuba and demanded that he say something to the family "for peace of mind," but Czuba did not speak during the hearing.
"Wadee Alfayoumi should still be alive today," said Rep. Bill Foster (D-Ill.). "While justice has been served, nothing can bring Wadee back. Together, we must build a society where no one lives in fear because of who they are, and no family mourns a loved one lost to hate."
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"No sentence can restore what was taken, but today's outcome delivers a necessary measure of justice," said Ahmed Rehab, executive director of Chicago's chapter of the Council on American-Islamic Relations. "Wadee was an innocent child. He was targeted because of who he was—Muslim, Palestinian, and loved."
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