Oil Change International
FOR IMMEDIATE RELEASE
Mounting progressive groups demand a reimagined Fed to tackle climate, racial, and economic justice
WASHINGTON, D.C. Following recent reports about the potential renomination of Jerome Powell as the Chair of the Federal Reserve, national organizations including Oil Change International, 350.org, Climate Hawks Vote, Public Citizen, Rainforest Action Network, Revolving Door Project, and Sierra Club are demanding President Joe Biden appoint as Chair a strong climate leader who will implement policies and rules at the scale needed to address the climate crisis.
Jerome Powell’s tenure ends in February, with reappointment or another nomination to be solidified by January 2022. Biden is expected to make an announcement as early as Labor Day.
Biden plan leaves an opening for financing of global gas projects
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Oil Change International Day: April 23, 2021
“California is the highest-producing jurisdiction in the world so far to commit to a phase-out of oil extraction, and other major producers need to join the state in committing to move beyond oil and gas,” said Collin Rees of Oil Change International.
Oil Change International is a 501(c)3 non-profit organization.
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SUMMIT TAKEAWAYS: Now that we can catch our breath, below are a few takeaways from President
Joe Biden’s two-day climate summit of global leaders that ended this morning.
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Oil Change International
FOR IMMEDIATE RELEASE
Last Chance Alliance: California becomes largest oil producer in world to commit to total O&G phaseout, ban fracking but not soon enough
SACRAMENTO, CA Today, Gov. Newsom announced a ban on new fracking projects by 2024 and directed the California Air Resources Board (CARB) to analyze pathways to phase out oil extraction across the state by no later than 2045.
The Governor’s announcement comes after years of pressure from environmental justice, public health, labor and climate organizations across California, who call on Newsom to stop issuing new oil and gas drilling permits, phase out existing oil extraction, and establish 2,500-foot setbacks between oil wells and sensitive land uses. While the announcement sets a vision for a managed decline of fossil fuel extraction, it sets a sluggish pace that fails to keep pace with science-backed timelines necessary to stave off the worst impacts of climate change.
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