October, 26 2021, 11:59am EDT

COP26: Just transition, or just greenwashing?
As climate change threatens people and the planet, COP26 poses a crucial opportunity to solidify commitments that will protect life in all its forms. While heads of state preemptively congratulate themselves on the success that this year's climate talks will be, millions of people, especially across the Global South, are suffering the impacts of the climate crisis, global vaccine apartheid, and ever-growing inequality.
GLASGOW
As climate change threatens people and the planet, COP26 poses a crucial opportunity to solidify commitments that will protect life in all its forms. While heads of state preemptively congratulate themselves on the success that this year's climate talks will be, millions of people, especially across the Global South, are suffering the impacts of the climate crisis, global vaccine apartheid, and ever-growing inequality.
What's the cause for celebration among the corporate elite and heads of state? The growing popularity of 'net zero' pledges, which are the fossil fuel industry's latest marketing attempt to convince the public that they can realize 'carbon neutrality.' In reality, these schemes are just Big Polluters' 'get out of jail free card' to avoid truly cutting emissions to zero or answering for decades of deception about their role in fueling the climate crisis. Later this week, CEOs of Exxon, Chevron, BP America, and Shell will be called in front of the U.S. Congress to answer for decades of deception.
" Big Oil not only lied to the American public about the reality and dangers of the climate crisis, they continue to churn out propaganda that downplays their central role in the greatest existential threat to humanity of our time," says Representative Ro Khanna (D-CA), chair of the Oversight Environmental Subcommittee, hosting this week's Congressional hearings. "The fossil fuel industry's 'net zero' campaign is just one more way Big Oil is trying to deny responsibility for their central role in climate disruption, as extreme weather, flash floods, fires and record breaking temperatures wreak havoc for life on earth. Thursday's hearing is the fossil fuel industry's Big Tobacco moment and just as it was for Big Tobacco, Big Oil must know they're no longer going to be able to lie and get away with it."
But these polluters will continue to parade a 'net zero' agenda at COP26, as revealed in Still a Big Con: How Big Polluters are using 'net zero' to block meaningful action at COP26, new research out today from Corporate Accountability, Corporate Europe Observatory, Global Forest Coalition, and Friends of the Earth International. In the lead-up to this year's negotiations, all boasting 'net zero' pledges, BP and Shell have each met with UK officials more than 50 times; Microsoft continues to hold contracts with Exxon while sponsoring COP26; and BlackRock, still heavily invested in coal, is both lobbying the EU and advising it on climate finance.
"Big Polluters have pulled out all the stops promoting their flakey 'net zero' plans on the road to COP26, from schmoozing decision-makers and sponsoring conferences to rubbing shoulders with the Queen of England." says Pascoe Sabido, researcher with Corporate Europe Observatory. "But look behind their vague ambitions and you see a chilling future of climate chaos and continued planetary destruction. These climate criminals should have no seat at the table while they continue to try and burn it down. Why has the UNFCCC not kicked them out already?"
While polluters are playing their cards via governments and greenwashing gambits, this year's Conference of the Parties is no game of Monopoly. Billions of lives are at stake, no matter how much Big Polluters stand to profit from continued delay of climate policy that can protect people and the planet.
Leonela Yasuni Moncayo, youth activist with UDAPT (Union of Affected Peoples by Chevron/Texaco), speaks from her firsthand experience in Ecuador. "The Amazon, my community and I, our skin shows the destruction and disease that big polluting companies have left in their wake. My present and future cannot depend on the will of corporations. They have shown that they will stop at nothing to make a profit, even when our rivers fill with oil, our lungs with gases, our bodies with cancer, our plants with poison and the air with smoke."
Without drastic action by governments at the UNFCCC and at home, the corporations that brought us this crisis will retain access to those decision-making spaces at COP, where rules for real solutions, as well as dangerous distractions like carbon markets, could get finalized. It's impossible to write strong climate policies with polluters in the room--but there is already a strong international precedent for protecting policy from industry influence.
"The WHO Framework Convention on Tobacco Control (WHO FCTC) provides tools that can protect policymaking from interference by the tobacco industry--which prioritizes profits over the health of the public and of the planet," explains Dr. Adriana Blanco Marquizo, Head of the Secretariat of the WHO FCTC. "Some features of the WHO FCTC that make it a strong protector of public health--such as articles on liability and conflicts with commercial and other vested interests--may also help to protect climate policy from industries that pose a danger to people and the planet."
As evidenced by the strength of the WHO FCTC, negotiating international policies without industry interference can save lives. Further, in place of any empty 'net zero' scheme brought forward by the likes of BP and Microsoft, there are real solutions that governments can deploy. People most directly impacted by these intersecting crises are closest to the solutions, as on the African continent.
"Africans are clear: we must set the agenda for African policymaking, not corporate shills," says Aderonke Ige, Associate Director at Corporate Accountability and Public Participation Africa. "It is we who experience vaccine apartheid and climate disaster. 'Net zero' is a death sentence for Africans. COVID-19 remains a mortal threat. Not only do we demand life--we demand to be in leadership on real solutions to addressing these crises."
It's time for governments around the world to reject dangerous 'net zero' distractions--and boldly advance a plan for real zero, real solutions, and a just, livable future.
Speakers included:
- Pascoe Sabido, researcher at Corporate Europe Observatory, on key takeaways from original findings about polluter influence at COP26.
- Dr. Adriana Blanco Marquizo, Head of the Secretariat of the WHO Framework Convention on Tobacco Control, on legal precedent from tobacco control policy and potential applications in international climate policy.
- Representative Ro Khanna of California (D-17), spoke about the upcoming House Oversight Committee hearings on Big Oil's historic disinformation campaign, and the importance of fossil fuel accountability efforts.
- Leonela Yasuni Moncayo, 11 year old youth plaintiff in the case of gas flaring in the Ecuadorian Amazon against the Ecuadorian state, and member of UDAPT (Union of Affected Peoples by Chevron/Texaco) on the urgent need for action to address historic harms and protect a livable future.
- Aderonke Ige, Associate Director, Corporate Accountability and Public Participation Africa, on the need for real solutions over corporate greenwash.
The event was moderated by Scott Tully, a member of Glasgow Calls Out Polluters (GCOP), a grassroots group organizing for climate justice at COP26.
Speakers are available for additional questions or comments upon request.
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'No to War': Spanish Leader Sánchez Undeterred by Trump's Trade Threat
European leaders expressed solidarity with Spain after Trump threatened a trade embargo in retaliation for the prime minister saying the US could not use Spanish military bases to attack Iran.
Mar 04, 2026
Spanish Prime Minister Pedro Sánchez on Wednesday appeared undaunted by President Donald Trump's threat to impose a full trade embargo on Spain in retaliation for its refusal to allow the US to use its military bases to wage war on Iran.
In a 10-minute televised address, Sánchez told the Spanish public that the country "will not be complicit in something that is bad for the world and contrary to our values and interests simply out of fear of reprisals from someone."
Despite Trump's threat, the Spanish government's position on the US and Israel's attacks on Iran, the prime minister said, can be summarized as "no to war."
The address came hours after Trump claimed the US military would use Spain's military bases to launch warplanes "if we want," despite Spanish Foreign Minister José Manuel Albares' earlier statement that the facilities could not be used "for anything that isn’t covered by the [United Nations] Charter.”
The US and Israel began attacking Iran early Saturday morning after Oman's foreign minister said American and Iranian officials had been making progress toward a deal on Iran's nuclear program.
Legal experts have said the unprovoked attacks are a clear violation of international law and the UN Charter, which prohibits the use of force unless it is "authorized by the UN Security Council or is a necessary and proportionate act of individual or collective self-defense in response to an armed attack.”
Secretary of State Marco Rubio stunned observers this week when he claimed the US and Israel had waged war because of an "imminent threat"—one that was posed because the US believed Israel was planning to strike Iran, and Iran was expected to retaliate against that potential attack.
On Wednesday, Sánchez said the US and Israeli strikes against Iran, which have so far killed more than 1,000 people, according to Iranian officials, signify a "breakdown of international law."
He compared the bombings to the George W. Bush administration's invasion of Iraq, which led to eight years of war and killed over 100,000 Iraqi civilians, and warned against “repeating the mistakes of the past."
“Very often great wars start with a chain of events spiraling out of control due to miscalculations, technical failures, and unforeseen circumstances," said the prime minister, who has also been outspoken in his opposition to Israel's US-backed assault on Gaza and the Trump administration's invasion of Venezuela in January. "Therefore, we must learn from history and cannot play Russian roulette with the fate of millions."
Trump on Tuesday also expressed anger over Spain's refusal to cave to his demand that all North Atlantic Treaty Organization (NATO) member states commit to spending 5% of their gross domestic product on defense by 2035.
But other members of the European Union, which collectively negotiates trade with the US, were quick to express solidarity with Spain.
German Chancellor Friedrich Merz, who met with Trump at the White House on Tuesday, told the president that European countries would not agree to a trade agreement with the US that didn't include Spain, while French President Emmanuel Macron spoke to Sánchez to convey his "solidarity." European Council President António Costa also said he has spoken to the Spanish prime minister and reaffirmed the EU's "firm commitment to the principles of international law and the rules-based order everywhere in the world."
Despite Europe's strong stance against Trump's threats, US Treasury Secretary Scott Bessent on Wednesday doubled down on the president's rhetoric, appearing on CNBC to accuse Spain of "not meeting their NATO requirement" and of putting "American lives at risk" by not allowing the US to use its bases.
Stéphane Séjourné, the EU's internal market commissioner, was not deterred by Bessent's comments, warning that "any threat against member state is by definition a threat against the EU."
He noted that European countries already joined together this year to defend Greenland from Trump's claim that he would take over the autonomous territory, part of the Danish kingdom, by force.
"If you threaten one particular country... well, we’ve seen that about Greenland," said Séjourné. "I think we saw that there was a lot of unity.”
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A group that tracks pro-Israel lobbying said his victory "proves that the AIPAC era is over."
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A pro-Palestine pastor has won the Democratic primary to fill the House seat in Texas that will be left behind by the pro-Israel Rep. Jasmine Crockett, who was a congregant at his church for years.
Frederick Haynes III, who has led the Friendship-West Baptist Church in Dallas for more than 40 years and was chosen by the late Rev. Jesse Jackson to lead his famed Rainbow PUSH coalition, won the primary for the seat now held by the two-term congresswoman with 72% of the vote.
Crockett announced in December that she would run for the US Senate rather than for reelection to her House seat.
Haynes—who campaigned on Medicare for All, abolishing Immigration and Customs Enforcement (ICE), and hiking the minimum wage—was endorsed by Crockett (D-Texas), who lost the bitterly contested Senate primary to state Rep. James Talarico (D-50) on Tuesday.
But where Crockett has faced heat from the Democratic base over her statements and votes in support of Israel amid its genocide in Gaza and her backing by pro-Israel megadonors, Haynes's credibility was bolstered by his willingness to call out Israel's human rights abuses against Palestinians when few other Democrats would.
On October 8, 2023, as Israel was just beginning what would become a two-year campaign to destroy Gaza in retaliation for Hamas' killing of around 1,200 Israelis the previous day, Haynes delivered a sermon questioning what was then a bipartisan consensus of unwavering military and diplomatic support for Israel.
“I recognize that we’ve got to be pro-Israel... or we get in trouble,” he said, echoing the views of a small number of progressive members of Congress at the time. “Well, I’m coming to get in trouble.”
Quoting former President Jimmy Carter, he said, "Israel is engaging in apartheid with Palestinians."
The Palestinians... don’t have the weaponry of Israel, the Palestinians don’t have the financial backing from the United States that Israel has. And so they throw their rocks and shoot their arrows, and Israel is able to bomb them and kill them. Watch in the news the disparity between Palestinians being killed and Israelis being killed. It is totally unfair. But this country is going to stand on the side of apartheid because that’s its track record.
It was a speech that would prove prescient, as Israel’s military campaign would result in the deaths of around 73,000 Palestinians in the coming years, according to official tallies from the Gaza Health Ministry, nearly 70% of whom were women and children, according to the United Nations Human Rights Office. Independent estimates suggest the actual death toll is much higher.
In that time, neither Democratic former President Joe Biden nor current Republican President Donald Trump cut off weapons sales despite a tremendous collapse of public support for Israel.
Haynes' run for Congress began mere months ago. After testifying against Republicans' efforts to racially gerrymander Texas in July, he waited right up until the federal filing deadline in December to announce a bid for Crockett's seat.
His campaign did not focus heavily on the Israel-Palestine conflict—instead emphasizing issues closer to home like the high cost of living, voting rights, and Trump's use of ICE to attack immigrant and minority communities.
But the virality of his past comments and his campaigning for the Biden administration to cut off weapons to Israel back in 2024 bolstered his image as a fighter for Palestinian rights, which earned him the endorsement of Justice Democrats and $72,000 in support from the American Priorities PAC, a newly formed group intended to support progressive candidates and counter the influence of the American Israel Public Affairs Committee (AIPAC).
His victory on Tuesday comes as Palestinian rights have become vastly more salient among Democratic voters and the public at large. Less than a week ago, a Gallup poll showed that for the first time, a larger percentage of Americans sympathize with the Palestinians than the Israelis.
While support for Israel was also not at the forefront of the Senate primary, both Talarico and Crockett avoided joining the bulk of the party base in calling the US-backed Israeli assault on Gaza a "genocide." However, Talarico referred to the destruction of Gaza as a "moral and spiritual emergency" and condemned Israeli "war crimes."
Haynes's district is considered one of the safest in Texas for Democrats, and he is believed to be the overwhelming favorite to win the seat in November and head to Congress.
The group AIPAC Tracker, which monitors donations that politicians receive from the powerful group and the rest of the pro-Israel lobby, said that Haynes’ “big win” on Tuesday “proves that the AIPAC era is over.”
"Candidates like him all over the country," they said, "are speaking the truth rather than running away in fear."
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"What should really terrify Republicans is... the futures price on wholesale gasoline," said economist Paul Krugman.
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President Donald Trump's unprovoked attack on Iran has sent oil prices surging, and it's already hurting Americans at the gas pump.
Petroleum industry analyst Patrick De Haan reported on Wednesday that the average US price for diesel has hit $4 per gallon, the highest it's been since April 2024.
De Haan also projected that the price of diesel would keep rising in the coming days before eventually reaching a price in the range of $4.25 to $4.45 per gallon.
The average price of gasoline is now approaching $3.20 per gallon, De Haan reported, and is projected to rise to at least $3.30 per gallon in the coming days. According to data from the US Energy Information Administration, average US gas prices haven't been that high since September 2024.
Nobel Prize-winning economist Paul Krugman on Wednesday flagged data showing that the price of Reformulated Blendstock for Oxygenate Blending (RBOB) gasoline futures contracts has been going through the roof since the start of the Iran war.
"What should really terrify Republicans is RBOB—the futures price on wholesale gasoline," Krugman commented. "This is up 75 cents a gallon since its low earlier this year."
According to a Wednesday report at Market Watch, researchers at the investment bank Goldman Sachs this week raised their price forecast for Brent crude oil for the second quarter of 2026 to $76 per barrel, an increase of $10.
What's more, Market Watch noted, Goldman is projecting that the price of Brent crude could hit $100 per barrel if the Strait of Hormuz remains closed for the next five weeks due to the war.
Goldman isn't the only investment bank projecting sky-high oil prices if the Strait of Hormuz stays closed for a prolonged period, as JPMorgan Chase earlier this week projected that the price of Brent crude could top $120 if the Iran conflict drags on, according to a Monday report from Market Watch.
Robert Brooks, senior fellow at the Brookings Institution's Global Economy and Development program, said in an interview with Seeking Alpha that global investors at the moment seem to be underestimating the economic risks of a prolonged conflict with Iran, citing "a weird tendency in markets to downplay unexpected shocks when they happen.”
However, Brooks told Seeking Alpha that what's happening with the global oil market right now "is absolutely massive" and should not be ignored.
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