Yesterday, the fossil fuel company Air Products announced plans for a $4.5 billion “blue hydrogen” plant and accompanying carbon capture and sequestration (CCS) facility for Ascension Parish. Parish officials, Governor John Bel Edwards, and Air Products claim that hydrogen and CCS are climate solutions that will produce low-carbon fuel, but fail to acknowledge that blue hydrogen is derived from methane, which is 20 percent dirtier than burning gas or even coal, and methane is more than 80 percent more potent than carbon in warming our climate during the time it’s in the atmosphere.
San Francisco, CA -- Wells Fargo announced today that it has joined the Net-Zero Banking Alliance (NZBA), following its commitment in March to reach net-zero emissions by 2050.
WASHINGTON, D.C. -- Public Citizen, Sierra Club, 350.org, Americans for Financial Reform, Evergreen Action, and Action Center on Race and the Economy today delivered more than 40,000 petition signatures to U.S. Treasury Secretary Janet Yellen demanding that an upcoming report highlight the gravity of climate threats to our financial system and identify concrete steps that financial regulators should take to address them.
MINNEAPOLIS, MN - From across Minnesota, public comments submitted to the Minnesota Public Utilities Commission (PUC) are calling for a rejection of Xcel Energy’s plans to build two new gas-fired peaker plants. These plants were included in the utility’s most recent Integrated Resource Plan (IRP), currently under consideration by the PUC.
Washington, DC -- Today, the White House—under the leadership of National Economic Council Director Brian Deese and National Climate Advisor Gina McCarthy—released a roadmap for a government-wide effort to identify and mitigate climate-related financial risk, as directed by President Biden’s May
A new report released today by the Carbon Tracker Initiative illustrates the problem of millions of unplugged and abandoned oil and gas wells across the United States. Industry is obligated by law to plug and clean up most of these wells, but according to the report, Race to the Top, $250 billion is needed to address the scale of the problem, and many operators are in default and will be unable to meet their closure obligations.
Thousands of people are in Washington, DC this week demanding that President Biden declare a climate emergency and stop fossil fuel projects. The People vs.
- SIERRA CLUB FEDERAL POLICY TEAM
*** Sierra Club policy staff and campaign leadership are available to discuss our clean transportation priorities in the Build Back Better Act ***
President Biden’s Build Back Better Act is a once-in-a-generation investment in the effort to tackle the climate crisis.
One of the important but lesser known aspects of the package put together by House Democrats is the nearly $3.5 billion in funding to support urban and community forestry and green space development across the country, which are essential efforts for protecting our most vulnerable communities from the worst consequences of the climate crisis.