this post was submitted on 20 Mar 2024
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Climate - truthful information about climate, related activism and politics.

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Discussion of climate, how it is changing, activism around that, the politics, and the energy systems change we need in order to stabilize things.

As a starting point, the burning of fossil fuels, and to a lesser extent deforestation and release of methane are responsible for the warming in recent decades: Graph of temperature as observed with significant warming, and simulated without added greenhouse gases and other anthropogentic changes, which shows no significant warming

How much each change to the atmosphere has warmed the world: IPCC AR6 Figure 2 - Thee bar charts: first chart: how much each gas has warmed the world. About 1C of total warming. Second chart: about 1.5C of total warming from well-mixed greenhouse gases, offset by 0.4C of cooling from aerosols and negligible influence from changes to solar output, volcanoes, and internal variability. Third chart: about 1.25C of warming from CO2, 0.5C from methane, and a bunch more in small quantities from other gases. About 0.5C of cooling with large error bars from SO2.

Recommended actions to cut greenhouse gas emissions in the near future:

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Most Passive Funds Labeled ESG Are Financing Oil, Gas Expansion (finance.yahoo.com)
submitted 8 months ago by silence7@slrpnk.net to c/climate@slrpnk.net
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[–] PeepinGoodArgs@reddthat.com 1 points 8 months ago (1 children)

That's unsurprising if you understand what ESG stocks are. They're not about being environmentally friendly:

According to Bloomberg, “[ESG] ratings don’t measure a company’s impact on the Earth and society. In fact, they gauge the opposite: the potential impact of the world on the company and its shareholders.”

[–] silence7@slrpnk.net 1 points 8 months ago (1 children)

There are some ESG funds which do not invest in fossil fuels. You need to actually look for that in their prospectus though.

[–] ProdigalFrog@slrpnk.net 3 points 8 months ago* (last edited 8 months ago)

https://fossilfreefunds.org/ is an excellent tool to discover ESG funds that actually divest from fossil fuels.