Skip to main content
Default Image

The Death of the Fossil Fuel Industry Could Be Disastrous for Workers. Now’s the Time to Nationalise It

Transitioning to ecological sustainability Expanding democratic ownership

With so many firms already begging for bailouts, governments could simply demand equity in exchange for aid, making full use of the powers that the Obama administration wilfully abandoned when it bailed out the auto industry in 2009. Especially for the US, even buying up a 51% stake in the country’s largest coal, oil and gas producers, as suggested by researchers at the Democracy Collaborative, would be relatively cheap; the total market capitalisation of ExxonMobil yesterday was just $173bn. BP was worth just $73bn.

Read the full article at Novara Media

Publication date: 2020-12-08
Publisher: Novara Media
Publication URL: The Death of the Fossil Fuel Industry Could Be Disastrous for Workers. Now’s the Time to Nationalise It

More related work

Default Image

HAN Anchoring Resilience: Aligning supply chains and impact purchasing for community health summit

The Healthcare Anchor Network (HAN) convened the “Anchoring Resilience: Aligning Supply Chains and Impact Purchasing for Community Health” summit to spark collaboration in the healthcare sector around onshoring and localizing production of PPE and other supplies, with an emphasis on equity, sustainability, and supply chain resilience.

read more
November 19, 2020
We can't wait to see you again (Nick Bolton/Unsplash)

Local economy preservation fund proposal goes to Biden administration

A plan for local economy preservation funds that would “save local businesses at scale” that would otherwise be casualties of the economic damage done by the CIVID-19 epidemic was delivered on November 19, 2020 to the Biden-Harris transition team by The Democracy Collaborative and the Council of

read more
November 2, 2020
YouGov-Democracy Collaborative 2020 poll

Our poll shows a popular mandate for bold moves toward a democratic economy

The 2020 poll by YouGov for The Democracy Collaborative shows broad support for innovative policies that lead to a reparative and sustainable economy in which wealth and power are shared broadly.
read more