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

Illustration courtesy of United Nations

All health is public health: Busting the myths of choice and commodity

For decades, we have been sold a myth of private health. It is a myth that our health is largely a product of individual choices and personal responsibilities. It is a myth that our healthcare is a service that private corporations can provide, and for which we must pay to survive. But the COVID-19

read more
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
May 12, 2021
Default Image

New York needs “a public option” in electricity to meet climate and equity goals, report says

FOR IMMEDIATE RELEASE Contact: Isaiah J. Poole, ipoole@democracycollaborative.org A bill currently awaiting action in the New York state legislature that would expand the publicly owned New York Power Authority (NYPA) to speed up the deployment of renewable energy, give residents a public option for

read more