Tag: finance
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Insure Our Future
Why are these people standing in the window of Talbot AIG insurance in the City of London? New fossil fuel projects need three things: permits, money and insurance. Without insurance, most new fossil fuel projects cannot go ahead, and existing ones must close. This makes insurance the Achilles heel of the fossil fuel industry. Fossil…
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Onlookers
At the heart of most environmental protests are committed activists, full of purpose and solidarity. Around the periphery, where disruption meets daily life, a kind of crust or scab forms. Spectators, police and security people, aggressive drivers, curious children with parents, and those who resolutely ignore the activists, all swirl around the edge. If they…
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Stranded Assets
Since the signing of the Paris Climate Agreement in 2015, HSBC has poured over $110bn into fossil fuel firms and projects. Valuations of fossil fuel companies include the oil, gas & coal resources they’ve claimed for future exploitation. To comply with the Paris Agreement, most of these must stay in the ground; Mark Carney (former…
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Hulks
Update. ‘Hulks’ is currently featured in the Architects’ Journal London’s ‘modern’ offices are empty and starting to look like monuments to a bygone era of commuting and communal work spaces. ‘Great, empty hulks as a painful memory of capitalist overreach..’ as Michael Regnier from my agency, Panos, put it when he saw the photos. I…