Blowing Carbon Bubbles

18 July 2013

This morning we descended upon the London Stock Exchange AGM to highlight the burgeoning carbon bubble that threatens both climate catastrophe and economic collapse if not promptly burst.

The ‘carbon bubble’ is the amount of CO2 that will be released into the atmosphere if all of the ‘proven reserves’ owned by the largest fossil fuel companies are extracted and burnt. The value of these companies is largely based upon these reserves yet burning them is totally incompatible with averting climate catastrophe. Since they make up such a substantial proportion of LSE shares (about 25% at £900 billion), and therefore our GDP, this disjuncture with reality could cause another economic crisis not dissimilar to the housing crash of 2008.

The amount of ‘unburned carbon’ held on the LSE is immense: 472 times larger than the annual emissions of the UK and more than the entire world has burned for the past six years. Clearly burning this mass of fossil fuel would constitute an unmitigated disaster when there is a desperate need to transition to clean energy. We therefore set out to bring our concerns to the attention of the LSE AGM attendees.

We handed out bottles of blowing bubbles bright and early, onto which we’d put stickers outlining the concept of the ‘carbon bubble’ and the urgent need to address it. We hope that these stakeholders took a minute to mull it over and prepare themselves for some concerted campaigning on this front.



Wallonia is standing up for all of Europe by throwing a spanner in CETA

25 October 2016

The members of the Parliament of Wallonia have done what we might expect all our parliamentarians to do: stand up for the best interests of the citizens they represent. They have blocked a deal that would serve the corporations who have been lobbying so hard for it, while putting our public services and environment at risk.

Is CETA dead yet?

24 October 2016

Some have called a victory, others are expecting to hear some awful deal has been brokered. Either way CETA, the trade and investment deal between Canada and the EU, is in mortal danger.

Time for the SNP to make up its mind on CETA

19 October 2016

Global Justice Glasgow, along with activists from across Scotland, were out in force at the SNP conference on Saturday, telling delegates that it’s time to Stop CETA. We made a bit of a visual splash with our dastardly corporate rats and spoke to several hundred SNP members as they went in to the conference.