SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
");background-position:center;background-size:19px 19px;background-repeat:no-repeat;background-color:var(--button-bg-color);padding:0;width:var(--form-elem-height);height:var(--form-elem-height);font-size:0;}:is(.js-newsletter-wrapper, .newsletter_bar.newsletter-wrapper) .widget__body:has(.response:not(:empty)) :is(.widget__headline, .widget__subheadline, #mc_embed_signup .mc-field-group, #mc_embed_signup input[type="submit"]){display:none;}:is(.grey_newsblock .newsletter-wrapper, .newsletter-wrapper) #mce-responses:has(.response:not(:empty)){grid-row:1 / -1;grid-column:1 / -1;}.newsletter-wrapper .widget__body > .snark-line:has(.response:not(:empty)){grid-column:1 / -1;}:is(.grey_newsblock .newsletter-wrapper, .newsletter-wrapper) :is(.newsletter-campaign:has(.response:not(:empty)), .newsletter-and-social:has(.response:not(:empty))){width:100%;}.newsletter-wrapper .newsletter_bar_col{display:flex;flex-wrap:wrap;justify-content:center;align-items:center;gap:8px 20px;margin:0 auto;}.newsletter-wrapper .newsletter_bar_col .text-element{display:flex;color:var(--shares-color);margin:0 !important;font-weight:400 !important;font-size:16px !important;}.newsletter-wrapper .newsletter_bar_col .whitebar_social{display:flex;gap:12px;width:auto;}.newsletter-wrapper .newsletter_bar_col a{margin:0;background-color:#0000;padding:0;width:32px;height:32px;}.newsletter-wrapper .social_icon:after{display:none;}.newsletter-wrapper .widget article:before, .newsletter-wrapper .widget article:after{display:none;}#sFollow_Block_0_0_1_0_0_0_1{margin:0;}.donation_banner{position:relative;background:#000;}.donation_banner .posts-custom *, .donation_banner .posts-custom :after, .donation_banner .posts-custom :before{margin:0;}.donation_banner .posts-custom .widget{position:absolute;inset:0;}.donation_banner__wrapper{position:relative;z-index:2;pointer-events:none;}.donation_banner .donate_btn{position:relative;z-index:2;}#sSHARED_-_Support_Block_0_0_7_0_0_3_1_0{color:#fff;}#sSHARED_-_Support_Block_0_0_7_0_0_3_1_1{font-weight:normal;}.grey_newsblock .newsletter-wrapper, .newsletter-wrapper, .newsletter-wrapper.sidebar{background:linear-gradient(91deg, #005dc7 28%, #1d63b2 65%, #0353ae 85%);}
To donate by check, phone, or other method, see our More Ways to Give page.
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
"The petrochemical industry and its toxic products pose an urgent threat to human health and the global climate," a campaigner said.
Environmental and policy groups on Tuesday called for financial institutions to stop funding the U.S. petrochemical industry.
Break Free from Plastic, Friends of the Earth, the Center for International Environmental Law (CIEL), and the Texas Campaign for the Environment issued a 39-page report, Exiting Petrochemicals, that they called a "guide" for financial institutions to divest from the industry.
Petrochemicals are made from fossil fuels and are the basis for a wide array of industrial feedstocks and end products, mostly in plastics or fertilizers. The products drive climate change and harm public health throughout their life cycle, from the frontline communities—disproportionately marginalized and low-income—where fuels are extracted to the oceans and human bodies where microplastics, for example, end up.
The report calls for financial institutions—banks, investment firms, and insurance companies—to stop funding fracking, rapidly phase out all fossil fuel financing, and require petrochemical clients to publicly release transition plans. It also calls for an immediate halt on the financing of new petrochemical projects, about 120 of which are currently planned in the U.S., mostly in the Gulf and the Ohio River Valley.
"The communities most impacted by these developments, often low-income and communities of color, bear the brunt of pollution and health risks," Sharon Lavigne, executive director of RISE St. James, a campaign group in Louisiana, said in a statement.
"We must hold financial institutions accountable for their role in financing these harmful projects," Lavigne added. "It's time to stop funding environmental racism and start investing in a cleaner, safer future for everyone."
Diane Wilson, the executive director of the San Antonio Bay Estuarine Waterkeeper and a fourth-generation fisher, said the industry had already had a negative impact on her area.
"Given the terrible damage that I have seen corporations like Formosa Plastics do to communities, workers, fisheries, bays, and fishermen, the line has to be drawn: No more funding for plastics and petrochemicals!" she said.
Brandon Marks, a CIEL campaigner, summarized the problems the report seeks to address: "The petrochemical industry and its toxic products pose an urgent threat to human health and the global climate."
Source: "Exiting Petrochemicals" report (2024)
Primary plastics production accounted for 5.3% of global greenhouse gas emissions as of 2019—more than commercial aviation and international shipping combined, according to the report.
Fertilizers are also a major emissions source, especially those used in cornfields. Synthetic nitrogen fertilizers derived from fossil fuels account for an estimated 2-5% of total global emissions.
In total, the U.S. petrochemical industry alone releases roughly the emissions equivalent of 40 coal-fired power plants every year, the report says.
The climate impact, however, is only part of the problem, as the report details.
"Petrochemical production releases carcinogenic and other highly toxic substances into the air, exposing fenceline communities to higher risks of cancer, leukemia, reproductive and developmental problems, nervous system impairment, and genetic impacts," the authors wrote in the executive summary.
"Petrochemical production also pollutes waterways with contaminated wastewater," they continued. "In fact, Formosa Plastics was fined $50 million in 2019 for illegally discharging plastic pollution into Texas waterways and another $19.2 million as of June 2024 for continuing violations."
Fossil fertilizers also pose major risks, endangering farmworkers, polluting drinking water, and causing dead zones in marine environments like the Gulf of Mexico, the report says.
Two-thirds of the people living on the fenceline of petrochemical projects are from marginalized racial backgrounds, making these groups disproportionately represented—they make up only 39% of the U.S. population, according to the report.
The authors also put forth the business case against financing the petrochemical industry, arguing that new regulations and decreased demand will make petrochemical plants stranded assets.
"Choosing to finance and insure these projects is not just irresponsible; it's a poor investment," Marks of CIEL said. "Banks, insurers, and investors must stop financing petrochemicals now."
"Felony disenfranchisement echoes policies of the past, like poll taxes and literacy tests," an advocate said.
The Sentencing Project on Thursday released a report estimating that 4 million U.S. adults are ineligible to vote in the 2024 election due to felony disenfranchisement, including a disproportionate number of people of color.
The research and advocacy group's 40-page report, Locked Out 2024, finds that 1.7% of adults nationwide are disenfranchised due to felony voting bans, and in certain states—including swing states that could decide the presidential race—that figure is far higher.
Advocates for restoring voting rights to people with felonies argue that disenfranchisement laws are racist and undemocratic.
"Felony disenfranchisement remains a critical barrier to full civic participation, particularly for communities of color," Kara Gotsch, executive director of the Sentencing Project, said in a statement.
"Felony disenfranchisement echoes policies of the past, like poll taxes and literacy tests," she added. "Felony voting bans keep communities that have been historically unheard and under-resourced from having equal representation in our democracy. It's time to guarantee voting rights for all, including those with felony convictions, to create a truly inclusive democracy."
Source: The Sentencing Project
Gotsch noted that there's been progress in many states in recent years, leading to decreased national figures. Felony disenfranchisement peaked in the 2010s; a 2016 report from the Sentencing Project estimated the national figure at 5.9 million. The current 4 million figure represents a 31% decline over 7 years.
Democratic-controlled states have generally instituted more reforms, though some Republican-led states have also done so.
The only states that don't restrict voting while in prison—or at any time thereafter, for convicted felons—are Maine and Vermont; Puerto Rico and Washington, D.C. have the same policy.
Tennessee has the highest percentage of felony disenfranchisement at 7.68% of the adult population.
Florida has the second highest percentage—6.13%—and the highest number of disenfranchised people in absolute terms, at an estimated 961,757, accounting for nearly a quarter of the national total. Florida's Electoral College tally is expected to go to Republican presidential nominee Donald Trump—himself a felon awaiting sentencing—in the election, though the race there remains competitive.
Floridians voted in favor of a referendum to restore voting rights to felons in most cases in 2018, which progressives considered a monumental victory. However, the following year, the Republican-led state Legislature teamed with Republican Gov. Ron DeSantis to weaken the outcome by instituting a law requiring that court fees be paid before reinstatement—they "re-disenfranchised" the majority of those whose rights had been restored, according to the Sentencing Project report. A federal appeals court upheld the Republican law.
Two states that could be even more competitive in next month's presidential election are also deeply affected by felony disenfranchisement. Arizona disenfranchises 4.2% of its adults, while Georgia prevents 3.25% from voting, according to the report.
In each of the four states mentioned, the percentage of Black adults who are disenfranchised is far higher than the overall, cross-racial percentage, as is true at the national level: While 1.7% of U.S. adults are disenfranchised, 4.5% of Black adults are. In Florida, 12.74% of Black people are disenfranchised.
The Sentencing Project and other groups have tackled disenfranchisement as a racial justice issue, pointing out that many of the laws barring felons from voting date to the post-Reconstruction, Jim Crow period.
"The Locked Out 2024 report underscores a harsh reality: Our nation remains ensnared by the remnants of Jim Crow through the practice of felony disenfranchisement," Nicole Porter, the Sentencing Project's advocacy director, said in the statement. "Black and brown communities bear the brunt of felony voting bans, further perpetuating the persistent racial inequities that plague our country."
Most of the people who've lost the right to vote due to a felony conviction are no longer in prison or jail. In fact, about 40% have completed their sentencing requirements entirely, the report says.
Source: The Sentencing Project
The report was written by five researchers based at different U.S. universities, most of whom are criminologists. They didn't conduct an exact count of disenfranchised adults but rather used social science methods to estimate the figures. The Sentencing Project has released research of this type every two years since 1998.
The findings don't take into account de facto disenfranchisement "wherein individuals legally allowed to vote do not do so due to legal ambiguity, misinformation regarding voting eligibility, fear of an illegal voting conviction," the report says.
To overcome centuries of inequality, we’ll need dedicated public policy such as Investment in quality education, access to affordable healthcare, affordable housing, job creation, and Baby Bonds.
As the country moves rapidly toward the 2024 elections, Black Americans are experiencing the best economic conditions they’ve had in generations. Record low unemployment rates, record low poverty rates, and record high levels of income and wealth paint a picture of Black prosperity.
Yet African Americans remain mired in great economic insecurity, reflected in their low opinion of the economy, widespread asset poverty, and ongoing economic inequality between Black and white households.
The best Black economy in generations, in short, isn’t enough. To overcome centuries of inequality, we’ll need dedicated public policy.
Black median income today is still nearly $30,000 lower than the white median—it’s not even caught up with the white median income of 1972.
Let’s look at some numbers from a new report we put out for the Joint Center and the Center for Economic and Policy Research.
From 1972 to 2022, the annual Black unemployment rate averaged 11.6%. Last year, it averaged 5.5%, a historic low. That’s good news, but it’s barely put a dent in the gap between Black and white employment.
We calculate that Black America would need an additional 1.4 million jobs for Black people to be employed at the same rate as white people. This employment gap cost Black Americans roughly $60 billion last year compared to what they’d have made if those jobless individuals were working.
So for African Americans, the racial employment divide remains quite costly. Other indicators tell a similar story.
For example, Black median household income is also at its highest point in a generation, growing from about $41,000 in 2011 to nearly $53,000 in 2022—a nearly 30% increase. That same year, median Black wealth also reached a new high of nearly $45,000, more than double the post-Great Recession low of about $17,000.
Still, Black median income today is still nearly $30,000 lower than the white median—it’s not even caught up with the white median income of 1972. And the average Black median wealth of about $45,000 means the vast majority of African Americans fall well short of the $190,000 to $570,000 estimated as necessary to reach middle-class status.
Will these disparities correct themselves on their own? Not likely.
As the Institute for Policy Studies and the National Community Reinvestment Coalition found in their 2023 “Still A Dream” report, the nation is still moving at a glacial pace when it comes to bridging Black/white economic inequality. If the country continues at the rate it’s been moving since the 1960s, it will take over 500 years to bridge the racial income gap—and nearly 800 years to bridge the racial wealth gap.
So while Black Americans are experiencing significant economic gains, these advances are insufficient to overcome entrenched inequalities. The economic progress we see today is a foundation, not a finish line. It speaks to the need for comprehensive policies that address ongoing barriers to economic security and wealth-building.
Investment in quality education, access to affordable healthcare, affordable housing, job creation targeted to high-unemployment communities, and new publicly financed asset building opportunities like Baby Bonds are essential. These measures can help ensure that the economic gains of today translate into sustained prosperity and security for future generations.
As we approach the presidential election, let’s not make this election a contest between individuals but of policies that can heal our deep wounds of racial and economic inequality.
Addressing these issues with urgency and commitment will not only improve the economic outlook for Black Americans—it will create the basis for a more united country.