Monthly Archives: July 2015

Liberia to register more than 70,000 children post Ebola

CCTV Africa

Published on Jul 31, 2015

Birth registration in Liberia dropped by 39% on the onset of the Ebola epidemic. In 2015 only 700 births have been recorded. Liberia’s government is now seeking to make up for lost time. CCTV’s Kathryn Ogunde reports.

Global Climate Change
Environment Ethics
Environment Justice

Behind the lines of the Burkina Faso uprising


Journeyman Pictures

Published on Jul 31, 2015

Revolution: The End of a Dictator – a look at the uprising that brought down a government, and the revolutionary legacy that inspired it.

Global Climate Change
Environment Ethics
Environment Justice

Cops Generating Money off Black Communities…


thomhartmann

Published on Jul 31, 2015

Thom Hartmann talks with Kymone Freeman, Activist w/ #DCFerguson & #Black Lives Matter DC/ Award-winning playwright / program director of We Act Radio, 103.1FM in Washington, DC
Website: WeActRadio.com / DCFerguson.org

Global Climate Change
Environment Ethics
Environment Justice

Coal giant Peabody posts $1bn second quarter losses

Last updated on 29 July 2015, 10:30 am

The US coal sector is being squeezed by divestment campaigns and oversupply in global markets

A once-reliable investment, the US coal sector is struggling (Pic: Flickr/Dennis Dimick)

By Megan Darby

Peabody Energy posted a net loss of US$1 billion last quarter, in the latest sign of a coal sector in tailspin.

The world’s biggest private coal company suspended dividends and is cutting 550 jobs in the US and Australia to save cash.

With sales and revenues down, the mining giant took a $901 million hit to the value of its coal portfolio.

Peabody chief Glenn Kellow promised “aggressive actions on multiple fronts” to restore the long-term value of the company.

The results statement blamed slow economic growth, declining steel demand and competition from cheap US gas for low coal prices.

Kellow characterised the slump as “extended low-cycle market conditions”.

‘Structural decline’

The Institute for Energy Economics and Financial Analysis (IEEFA), a US-based think tank. argued this was not a cyclical downturn but a structural decline.

There had been a “continued failure” to deal with oversupply in global coal markets, plus some ill-advised takeovers, said IEEFA’s Tim Buckley.

“The consequences in terms of shareholder wealth destruction has been significant.”

Another coal major, Alpha Natural Resources, has been delisted from the New York Stock Exchange, while Walter Energy this month filed for bankruptcy.

“Financial distress in the US coal industry is clear,” said Buckley.

Report: Mark Carney set for new ‘stranded assets’ intervention

The coal sector has been hit by growing concerns among investors about the clash between its profitability and efforts to combat climate change.

…(read more).

Global Climate Change
Environment Ethics
Environment Justice

Mark Carney set for new ‘stranded assets’ intervention | Divest

Last updated on 29 July 2015, 8:43 am

Bank of England governor to front debate on carbon bubble threat with UN climate chief one month before Paris summit

By Ed King

Bank of England governor Mark Carney is set to make a new intervention on the financial security of fossil fuel assets in late October, RTCC understands.

Organised by a group of leading philanthropic foundations, the event Carney is to speak at will be focused on the danger that billions of dollars of oil, gas and coal investments will be stranded as countries try and limit greenhouse gas emissions.

UN climate chief Christiana Figueres, who is steering 195 countries towards a global carbon cutting pact to be finalised in December, will also attend the London meeting.

The timing is significant, coming two weeks before the G20 meets in Turkey and a month before the Paris climate conference officially opens.

The Financial Stability Board, which Carney chairs, is due to report to G20 leaders in November on how banks can avoid a shock to the financial system from a potentially drastic revaluing of fossil fuel assets.

The United States, China, India, Russia, Australia, and Saudi Arabia are among the countries who have carried out internal investigations to contribute to the study.

Last December, Carney launched a separate Bank of England enquiry into the threat of a crisis similar to the subprime mortgage crash.

(read more).

Global Climate Change
Environment Ethics
Environment Justice

BP or Not BP


Occupy.com

Published on Jul 30, 2015

Activist and theater lover Jess Worth was never a fan of BP, but when they took over the Shakespeare Festival, her and a few friends sprung into action on the big stage. 3 years later, it’s time to take on the British Museum.

Global Climate Change
Environment Ethics
Environment Justice

Future Sea Level Rise: Top 10 Countries In Danger

Published on Jul 30, 2015

These are the top 10 countries threatened by the 6 meter sea level rise we are almost guaranteed to see in the not-too-distant future, according to the projected pace of global warming and ice melt in Greenland and Antarctica.

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How Do We Dismantle White Supremacy?

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This could be You

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Richard Wolff: Why Oil & Gas Prices are dropping

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