June, 08 2015, 09:15am EDT

For Immediate Release
Contact:
Lindsay Meiman,Senior U.S. Communications Specialist,lindsay@350.org,us-comms@350.org,+1 347 460 9082,New York, USA
G7 Strengthens the Case for Fossil Fuel Divestment and Keeping Carbon in the Ground
KRUEN, Germany
G7 leaders released a climate communique today that lacks in crucial details, but the broad strokes of which will help strengthen the case for fossil fuel divestment and keeping coal, oil and gas in the ground.
"The G7 is sending a signal that the world must move away from fossil fuels, and investors should take notice," said 350.org executive director May Boeve. "If you're still holding onto fossil fuel stocks, you're betting on the past. As today's announcement makes clear, the future belongs to renewables."
The agreement affirms the need to decarbonize the global economy over the course of the century, decarbonizing the G7's own energy sectors by 2050. Decarbonization should proceed at a faster pace, but even the current targets will require a massive shift of investments away from fossil fuels and towards renewable energy. The 2050 target also acknowledges the importance of rich countries leading this transition while providing the resources necessary for developing countries to leapfrog dirty energy sources. As resources flow in the right direction, and the price of renewables continues to drop, the world must get off fossil fuels completely as soon as possible.
Even the current 35-year time horizon for G7 decarbonization is less than the lifespan of most fossil fuel infrastructure, particularly new coal-fired power plants or major pipelines such as Keystone XL. The commitment should serve as a dire warning for investors considering new dirty projects, like the Galilee Basin coal mines in Australia, or investors who continue to hold shares in companies such as Exxon and Chevron, who refuse to acknowledge their climate risk and continue to spend massively on high carbon projects.
"If President Obama wants to live up to the rhetoric we're seeing out of Germany, he'll need to start doing everything in his power to keep fossil fuels in the ground. He can begin by rejecting the Keystone XL pipeline and ending coal, oil and gas development on public lands. Building new fossil fuel infrastructure is completely at odds with the decarbonization goals set at this G7 meeting," continued Boeve.
The G7 leaders also reaffirmed the need to sharply reduce greenhouse gas emissions, speaking of the need to meet the upper end of IPCC recommended emissions reductions scenarios in order to keep global warming below 2degC. More ambition is needed, but even these targets should send shivers down the spines of major fossil fuel companies. Scientists are clear that meeting the 2degC target will require leaving at least 80% of known fossil fuel reserves underground. Any new investments in extracting or finding new reserves will only further inflate a carbon bubble that is bound to burst.
G7 leaders also reiterated the need to phase out the fossil fuel subsidies, a push that will only gain momentum between now and the G20 summit in Turkey this November. The leaders also spoke of the need to support for adaptation efforts, provide insurance for hundreds of millions of people facing climate impacts, and secure climate finance for the post-2020 period--but the statement still lacked crucial details, and the necessary ambition, in each of these areas.
Across the board, today's broad brush strokes will all require a greater level of detail going forward. Despite the strong signals, the G7 countries real world commitments still leave much to be desired. They've set a destination, but still need to show a roadmap of how to get there. The G7's short term plans are not in line with their long term goals: their efforts must be scaled up to meet the ambition that science and justice demand. As always, numbers speak louder than words, and the numbers must be increased in terms of finance and emissions reductions.
There is much more work left to be done, but today's announcement helps set up Paris as a referendum on the future of the fossil fuel industry. The millions of people marching in cities around the world, and the hundreds of institutions who have committed to fossil fuel divestment, have made their decision. Politicians will have to do a great deal between now and Paris to catch up.
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
Trump-GOP Budget Bill Will Give Top 1% Over $1 Trillion in Tax Breaks: Analysis
The amount set to flow to a "tiny sliver of affluent families" over the next decade is roughly equal to the Medicaid cuts included in the Republican bill, according to the Institute on Taxation and Economic Policy.
Jul 03, 2025
An analysis released Thursday estimates that the Republican legislation on the brink of final passage in Congress would deliver over $1 trillion in combined tax breaks to the richest 1% of Americans over the next decade—an amount roughly equal to the bill's unprecedented cuts to Medicaid.
The new analysis by the Institute on Taxation and Economic Policy (ITEP), which utilizes data from the nonpartisan Joint Committee on Taxation and other sources, finds that the "tiny sliver of affluent families" in the top 1% of the U.S. income distribution will "receive tax cuts totaling $1.02 trillion over the next decade."
The centerpiece of Trump's megabill is a trillion-dollar tax cut to the wealthy, paid for by increasing the national debt and cutting public services. pic.twitter.com/ISr2XuIdJQ
— ITEP (@iteptweets) July 3, 2025
ITEP has previously shown that the Republican bill's tax cuts—largely extensions of expiring provisions of the 2017 Trump-GOP tax law—would be highly skewed to the wealthy, with the small percentage of households at the very top receiving significantly more in total tax breaks than middle- and lower-income Americans.
"Sixty-nine percent of the net tax cuts would go to the richest fifth of Americans in 2026, only 11% would go to the middle fifth of Americans, and less than 1% would go to the poorest fifth," the group found. "The $107 billion in net tax cuts going to the richest 1% next year would exceed the amount going to the entire bottom 60% of taxpayers."
ITEP's new analysis was released as House Minority Leader Hakeem Jeffries (D-N.Y.) wrapped up a record-breaking, eight-hour-plus speech against the GOP legislation, which delayed a final vote on the measure. Republicans are expected to pass the unpopular bill on Thursday.
Keep ReadingShow Less
Starvation Being Used as Weapon of War as 'Israel's Genocide Has Continued Unabated in Gaza,' Says Amnesty
"Israel has continued to restrict the entry of aid and impose its suffocating cruel blockade," said Amnesty International's secretary general.
Jul 03, 2025
Human rights organization Amnesty International has released a horrifying new report alleging that the Israeli government is still deliberately allowing civilians in Gaza to starve as a "weapon of war."
In its report released on Thursday, Amnesty cites "heartbreaking testimonies gathered from medical staff, parents of children hospitalized for malnutrition, and displaced Palestinians struggling to survive" to document "acute levels of starvation and desperation in Gaza."
The report pins the primary blame for this situation on Israel's insistence on running what Amnesty describes as a "militarized" system for delivering humanitarian aid via the Gaza Humanitarian Foundation that has resulted in hundreds of Palestinians being killed and thousands more being injured by Israeli forces who have opened fire on civilians seeking food in multiple instances.
Amnesty charges that the Israeli government has barred the United Nations and other international humanitarian assistance organizations from operating inside Gaza and has transformed the process of receiving aid into a "booby trap" for civilians who risk getting shot while standing in line for food. Compounding the problem, writes Amnesty, is that Israel is delivering a level of aid that is "way below the humanitarian needs of a population that has been experiencing almost daily bombings for the last 20 months."
This slow trickle of aid is despite the fact that hundreds of trucks containing aid are stationed near the Egyptian border with Gaza but are barred from entering the territory, writes Amnesty.
"As the occupying power, Israel has a legal obligation to ensure Palestinians in Gaza have access to food, medicine and other supplies essential for their survival," said Agnès Callamard, the secretary general of Amnesty International. "Instead, it has brazenly defied binding orders issued by the International Court of Justice in January, March and May 2024, to allow the unimpeded flow of aid to Gaza. Israel has continued to restrict the entry of aid and impose its suffocating cruel blockade and even a full siege lasting nearly eighty days."
Amnesty released its report hours after the Associated Press reported that two American contractors who are helping to distribute aid in Gaza are alleging that Israeli forces have been deploying "live ammunition and stun grenades" on unarmed civilians seeking food. In one instance, a contractor alleged he saw members of Israeli forces firing bullets in "all directions—in the air, into the ground, and at times toward the Palestinians."
"There are innocent people being hurt," said one contractor, who wished to remain anonymous to avoid retaliation for revealing information on their employer's internal operations. "Badly. Needlessly."
The Israeli Foreign Ministry defended its aid program to Gaza in a post on the social media platform X and baselessly accused Amnesty of being in league with the terrorist organization Hamas.
Keep ReadingShow Less
DOJ Indicts East LA Community Defender Accused of Giving Face Shields to Anti-ICE Protesters
One group asserted that Alejandro Orellana "has done nothing wrong; speaking out against ICE terror, raids, and deportations is not a crime, protesting is not a crime!"
Jul 03, 2025
The U.S. Department of Justice on Wednesday indicted a longtime immigrant rights defender who allegedly distributed items including face shields and bottles of water to demonstrators during a downtown Los Angeles protest last month against Immigration and Customs Enforcement raids.
Alejandro Orellana, 29, of East Los Angeles was indicted by a federal grand jury for alleged conspiracy to aid and abet civil disorders. According to federal prosecutors, Orellana and others met on June 9 and loaded his Ford pickup truck with face shields, masks, bottles of water, and other items and then drove to a protest and handed out the items.
Orellana was arrested during a June 12 raid by FBI agents backed by National Guard troops and county law enforcement on his family home in East L.A. According to Los Angeles Public Press, federal agents executed a search warrant two weeks later against fellow activist Verita Topete, seizing her phone and leaving her bruised.
At a June 27 press conference at Ruben F. Salazar Park in East Los Angeles, Orellana thanked "friends, family, community, and allies" for their support.
U.S. Attorney Bill Essayli told Fox News at the time of Orellana's arrest that "we have made it a huge priority to try to identify, locate, and arrest those who are involved in organizing, supporting, funding, or facilitating these riots."
If fully convicted, Orellana—a U.S. Marine Corps veteran with no criminal record—could face up to five years behind bars.
Orellana and Topete are members of Centro CSO, a Chicano-led civil rights group that is no stranger to state surveillance and repression. Founded in 1947 by Fred Ross, Antonio Rios, and Edward Roybal—who was later elected to the Los Angeles City Council and then the U.S. House of Representatives—the group was originally known as Community Service Organization (CSO).
Notable CSO members have included César Chávez and Dolores Huerta of United Farm Workers, both of whom were targeted for FBI surveillance under longtime Director J. Edgar Hoover's COINTELPRO program.
Centro CSO was born out of CSO in the 2000s to "fight against the war in Iraq, and military recruiters, and also the fight for public education," longtime member Carlos Montes told Los Angeles Public Press. Another Centro CSO member, Sammy Carrera, told the outlet that the arrest of Orellana and seizure of Topete's phone are a continuation of state suppression of CSO.
"I don't think they anticipated such an organized community that was willing to defend our neighbors, our family members, and so they're scrambling to see, you know, see how they can smash us to stop, you, these rebellions that are being organized," Carrera said of the government's response to the anti-ICE protests.
Responding to Orellana's arrest, the Los Angeles-based Legalization 4 All (L4A) Network said last week: "Alejandro has done nothing wrong; speaking out against ICE terror, raids, and deportations is not a crime, protesting is not a crime! As Chicanos, Mexicanos, Centroamericanos around the country are being racially profiled and viciously kidnapped, activists like Alejandro have every right to speak out."
"Protesting is not a crime, fighting against ICE terror is not a crime! Legalization for all and stop the ICE raids now!" L4A added.
Noting the numerous documented injuries suffered by anti-ICE protesters at the hands of police and the Los Angeles Police Department's long history of spying on and repressing civil rights defenders, attorney Peter Bibring told Los Angeles Public Press that "taking protective measures isn't a sign of criminal activity, it's common sense."
Centro CSO has been organizing events in support of Orellana, including a planned press conference at 4:30 pm Thursday at the Edward Roybal Federal Building and a Saturday rally in La Placita Olvera.
"Our movement will continue, even if they obtain warrants to confiscate our electronic devices," Carrera said at the June 27 press conference. "Our movement will continue, even if they bring in the National Guard to raid our members. Our movement will continue. Drop the charges now!"
Keep ReadingShow Less
Most Popular