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Despite what was and was not agreed in Baku, meaningful climate action will only become more urgent than ever.
After extra time of exhausting negotiations, the 29th U.N. Conference on Climate Change is over.
First, a quick refresher of what COP29 was meant to achieve: dubbed a ‘finance COP,’ countries were expected to come to Baku, Azerbaijan ready to present in good faith various finance deals to strengthen the global response to climate change.
Signs call for for the Global North to "pay up" during a COP29 action in Baku, Azerbaijan. (Photo: Marie Jacquemin/Greenpeace)
The final agreement
After two slow-moving weeks of climate talks, COP29 ended with a woefully inadequate agreement on a new annual public climate finance goal of US$300 billion by 2035, a dismaying offering. The final agreement overall also included disappointing loopholes on carbon markets and little climate action, but no backsliding on the COP28 decision to transition away from fossil fuels. The final outcome in Baku removed the references to the Make Polluters Pay principle at the last hour, further disheartening civil society and countries already bearing the brunt of the climate crisis.
A Greenpeace projection Photo Booth in the Civil Society Hub at COP29 in Baku, Azerbaijan with portraits and images of climate impacts sends a message to country delegates that the time for action is now. (Photo: Marie Jacquemin/Greenpeace)
COP29 was an opportunity to agree on a significant climate finance goal and follow up on what was promised at COP28 and the Biodiversity COP16. But that did not exactly happen. Despite what was and was not agreed in Baku, meaningful climate action will only become more urgent than ever.
A moment of hope
Not all is lost though. The final outcome fell short of what was hoped for, and what is needed to battle the climate crisis. But the people power in Baku made its presence felt. Navigating tight guidelines and pushback on peaceful protest for a third year in a row, civil society got creative to still make its demands heard, and will return even more determined next year. The time for debate is over; decisive action is the demand of the hour.
A close-up of hands with "pay up" written on them at COP29 in Baku, Azerbaijan. (Photo: Marie Jacquemin/Greenpeace)
What comes next for climate action
COP30 will return next year, in the Amazon city of Belem, Brazil, with high expectations for renewed climate action.
A sign of "persistir," Portuguese for "to persist," sends a signal that the work must continue onto COP30 in Brazil. (Photo: Marie Jacquemin/Greenpeace)
But climate justice will only be delivered when there is adequate, and then some, finance for climate-vulnerable communities, and not just distributed for loss and damage, but for adaptation and mitigation too. A future with climate justice means the production and consumption of oil and gas has been ended, forests protected, and polluters paying for the damage, destruction, and deaths the climate crisis is causing.
Baku might have stumbled on climate justice, but we will persist in the fight for our future.
"Ordinary people shouldn't pay for disasters they couldn't prevent," said one group. "But Big Oil should"
In the wake of one of the hottest summers ever recorded in the United States and the deadly destruction wrought by Hurricane Helene, climate defenders on Monday urged Congress to pass recently introduced legislation that would make polluters pay into a $1 trillion fund to finance efforts to combat the planetary emergency.
"Emissions from burning oil, gas, and coal are cooking the planet and super-charging deadly heatwaves, floods, and storms," the international NGO Global Witness said in a statement. "Several major fossil fuel firms knew for decades about the climate impacts of their products, but they ignored scientific advice and denied the climate crisis was happening."
"The Polluters Pay Climate Fund Act can help redress this injustice by making fossil fuel companies pay for some of the damage they're doing to America," the group added. "This would create a $1 trillion fund that would pay for climate disaster relief and efforts to help keep us cool and safe. They can afford it—in 2023 the top five oil and gas producers in the U.S. made over $74 billion in profits."
Introduced last month by Sen. Chris Van Hollen (D-Md.) and Reps. Jerry Nadler (D-N.Y.) and Judy Chu (D-Calif.), the Polluters Pay Climate Fund is backed by dozens of climate and environmental justice groups.
"From sweltering heat waves to rising sea levels to ever more intense storms, our planet is screaming out every day for us to take action on global warming," Van Hollen said at the time of the bill's introduction. "And after fueling the climate crisis for decades, big polluters can no longer run from their responsibility to address the harm they have done."
"The principle behind this legislation is simple but very powerful—polluters should pay to clean up the mess they made and build a more resilient future, and those who have polluted the most should pay the most," the senator added.
With an eye on next month's U.S. presidential election, campaigners demanded a president who will make polluters pay for fueling the climate crisis. With former President Donald Trump, the Republican nominee, running on a "
drill, baby, drill" platform and previously calling climate change a "Chinese hoax," activists have focused on imploring Democratic Vice President Kamala Harris to make fossil fuel companies pay for their damages.
"We need a president who is willing to take on Big Oil. A president who will make polluters pay for the damage they've done to our climate," the Make Polluters Pay campaign said in a video posted last week on social media.
"As California's attorney general, Kamala Harris prosecuted big polluters like BP and Chevron and launched an investigation into ExxonMobil's climate lies," the video continues. "As vice president, she cast the tie-breaking vote on the Inflation Reduction Act, helping lower energy costs and reduce our dependence on fossil fuels."
"Kamala Harris says she'll take on corporate price gouging and hold Big Oil accountable. Donald Trump? He's asking the oil companies for bribes," the video adds, referring to his promise to fossil fuel executives that he would gut the Biden administration's climate regulations if they donated $1 billion to his campaign.
Fossil Free Media director Jamie Henn cited a December 2023 survey conducted by his group and Data for Progress that found 64% of U.S. voters—including 89% of Democrats, 58% of Democrats, and 42% of Republicans—are more likely to vote for a candidate "who will make polluters pay for climate damages."
The campaigners' calls come as extreme weather fueled by the burning of fossil fuels
wreaks havoc around the world, including in the United States, where Hurricane Helene and its remnants tore a deadly path of destruction from the Florida Gulf Coast to the mountains of North Carolina. The storm has claimed at least 121 lives across the Southeast.
"It's obscene that communities across North Carolina are suffering and dying from the reality of the climate emergency while Donald Trump denies that it even exists," Brett Hartl, political director at the Center for Biological Diversity Action Fund, said in a statement.
"While roads, bridges, and entire towns are being washed away, Trump and Project 2025 plan to gut [the Federal Emergency Management Agency] and roadblock every agency from confronting the climate crisis," he said, referring to the right-wing blueprint for overhauling the federal government. "Vice President Harris will act on climate change, and she'll hold the polluters that caused it accountable for their willful destruction."
Responding to Helene's devastation, Sen. Elizabeth Warren (D-Mass.) said on social media Monday that "I'm heartsick for the families who lost their homes and their loved ones."
"It's a sad reality that this hurricane rapidly intensified into a powerful Category 4 storm because of climate change," she added. "We must do more to confront the climate crisis as we rebuild."
From ExxonMobil's long-running climate denial to Pioneer's recent price-fixing, it's clear this rogue industry's business model is deny, deceit, and delay.
You know how the oil industry is always saying the U.S needs to drill more to lower gas prices and protect energy independence? Well it turns out they've actually been scheming behind the scenes with the Organization of the Petroleum Exporting Countries to do the exact opposite.
A bombshell complaint filed by the Federal Trade Commission (FTC) last week reveals that Scott Sheffield, the former CEO of Pioneer Natural Resources—one of the largest oil producers in the Permian Basin—colluded with OPEC officials in an attempt to artificially limit supply and jack up prices.
The FTC's complaint alleges that Sheffield exchanged private WhatsApp messages with leaders at OPEC, assuring them that Pioneer and other Permian companies would pump the brakes on output in order to keep prices high. He even threatened to "punish" any companies that dared to ramp up production. I don't know about you, but to me it's hard to imagine anything more un-American and anti-competitive than that.
The FTC complaint is the latest proof: The fossil fuel industry will always put their greed above American consumers and fair competition.
This private coordination with OPEC glaringly contrasts with Big Oil's public rhetoric blaming the Biden administration for constraining U.S. production and raising energy costs—a bogus talking point that Republicans have been parroting for months now. The bad faith has been laid bare: Oil executives themselves are colluding with a foreign cartel to throttle supply and price-gouge American consumers to pad their own pockets.
These revelations fit into a broader pattern of the fossil fuel industry's deception and abuse. Just one day before the FTC filing, the Senate Budget Committee held an explosive hearing detailing how oil giants have waged a decades-long, industry-wide disinformation campaign to downplay the catastrophic climate damage that they knew their products would cause, all while raking in record profits. From ExxonMobil's long-running climate denial to Pioneer's recent price-fixing, it's clear this rogue industry's business model is deny, deceit, and delay.
Here's the kicker: Big Oil is about to get a whole lot more powerful. With it looking like the Exxon-Pioneer merger is going to move forward (without Scott Sheffield), and Chevron pursuing a $50 billion takeover of Hess, a few mega-corporations are rapidly consolidating to control our energy grid. Studies show that mergers like these are pretty certain to squash competition, send prices soaring, and concentrate massive political influence to block necessary climate action.
That's the grim future we face if we let them get away with it: A world where a handful of greedy oil oligarchs collude with OPEC to bleed us dry at the pump while knowingly burning our planet. Fortunately, cities and states are fighting back with lawsuits and legislation to make polluters pay for their lies and damages.
Last year, California joined the fight, suing Exxon, Shell, BP, Chevron, and their lobbying arm for deliberately deceiving the public about fossil fuels' climate impacts, aiming to force them to cough up billions for disaster recovery. And right now, states like Vermont are advancing bills to create climate "superfunds" funded by Big Oil's ill-gotten gains. In fact, New York just passed their polluter pay bill in the Senate this week, bringing New Yorkers and the nation one step closer to accountability for Big Oil.
But in order to truly rein in this reckless industry, we need help at the federal level. At a minimum, Congress should eliminate fossil fuel subsidies and strengthen antitrust laws. At the Department of Justice, leaders must investigate the industry's long history of spreading disinformation. And in the White House, President Joe Biden should declare a climate emergency and wield his powers to rapidly increase the production of clean energy resources.
For decades, Big Oil has ransacked our wallets, ravaged our environment, and rigged our democracy. The FTC complaint is the latest proof: The fossil fuel industry will always put their greed above American consumers and fair competition. It's time to make polluters pay.