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Wed, 2011-09-21 14:06Farron Cousins
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Global Financial Leaders Recommend Cutting Fossil Fuel Subsidies

Global financial institutions including the International Monetary Fund and the World Bank have released a new set of recommendations for G20 countries to meet their goal of providing $100 billion a year in aid for developing nations to combat climate change. In addition to calls for charges on carbon emissions and higher prices for carbon-intensive fuels, the financial experts said the first source of funding should come from redirecting fossil fuel subsidies.

In a move that will surely leave the dirty energy industry in a fit of rage, global economists said that fossil fuel subsidies should be cut and redirected towards helping developing nations fight climate change. The total amount spent on industry subsidies for G20 countries is currently $60 billion a year, more than half of what the countries have pledged to spend per year on climate initiatives and renewable energy projects.

From The Huffington Post:
  

The draft paper says the starting point should be a review of fossil fuel subsidies, amounting to $40 billion to $60 billion a year. But many of those subsidies are handed out in poor countries, where people living on the edge of subsistence need help, for example, to buy cooking gas. Still, subsidy reforms in industrialized countries and emerging economies could contribute $10 billion a year to a climate fund, it said.
Tue, 2011-01-25 12:54Farron Cousins
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Right Wing Billionaire Koch Brothers Summit To Be Met With Protests

This weekend the Koch brothers will host a gaggle of extreme right wing billionaires and millionaires at a posh summit in Rancho Mirage, California. This Palm Springs meeting is not open to the public, it’s a private invitation-only gathering of the wealthy elite who share the Koch’s democracy-destroying goals for America. But on Sunday, January 30th, the final day of the secret summit, a coalition of consumer and labor groups, environmentalists, civil liberties and faith groups will assemble in Rancho Mirage to protest the Kochtopus’s stranglehold on American progress. 

The New York Times first reported on the gathering back in October, before these high-power industry leaders bought the midterm elections for the Republicans. As reported by Peter Dreier on The Huffington Post, those in attendance at the upcoming 3-day summit are responsible for the creation of the Tea Party, financially supporting climate change-denying organizations like the Cato Institute, and pouring millions of dollars into the campaign coffers of Republican lawmakers.

The Koch brothers have returned to a more high profile political life after remaining mostly in the shadows during the Bush administration. They resurfaced earlier this year when they dumped more than a million dollars into a failed effort to pass Proposition 23 in California, which would have scaled back the state’s progressive action on climate change in the name of “creating jobs.” In reality, there was no evidence to prove that California’s environmental laws had ever caused businesses to cut jobs, but there is ample evidence that these initiatives are on track to create lots of clean energy jobs. Charles Koch was even challenged to a debate by a former Marine named Joel Francis asking the billionaire to explain why he supported Prop 23, but he refused to participate.

Common Cause, who last week filed a complaint with the Department of Justice claiming that Supreme Court Justices Scalia and Thomas should have recused themselves from the Citizens’ United case, will be organizing most of the protesters for the event. Bus loads of folks from all over California will be carrying passengers to the protest, and a full schedule can be found at Common Cause’s “Uncloaking the Kochs” page.

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