{"id":16077,"date":"2021-03-08T07:03:00","date_gmt":"2021-03-07T18:03:00","guid":{"rendered":"https:\/\/www.greenpeace.org\/aotearoa\/?p=16077"},"modified":"2024-07-12T11:51:14","modified_gmt":"2024-07-11T23:51:14","slug":"what-is-fossil-capital-and-how-does-it-fuel-social-injustice","status":"publish","type":"post","link":"https:\/\/www.greenpeace.org\/aotearoa\/story\/what-is-fossil-capital-and-how-does-it-fuel-social-injustice\/","title":{"rendered":"What is fossil capital? And how does it fuel social injustice"},"content":{"rendered":"\n

What is fossil capital?<\/h3>\n\n

The world we live in has been built around an economic system that prioritises never-ending growth over the welfare of people and the planet. This system plunders our planet\u2019s resources while oppressing our most vulnerable. It perpetuates structural inequalities and deepens the climate crisis and fossil fuels are at its core and is known as \u201cFossil Capital\u201d<\/a>. <\/p>\n\n

How it works<\/h3>\n\n

In 2008, using the financial crisis as an opportunity, fossil fuel companies and governments sacrificed our future in the name of economic growth, punishing the least responsible with \u201causterity\u201d measures. All while exacerbating the climate crisis, and perpetuating a damaged and deeply unfair system that rewards their greed at the cost of the planet and people. <\/p>\n\n

The consequences of this model have resulted in a multitude of interlinked crises, including climate change, social and economical inequality, all of which deepened with the coronavirus pandemic. And as we try to recover from COVID-19, they are trying to do this again<\/a>.<\/p>\n\n

\"Fighting
A global week of action was organized by the Fight Inequality Alliance to highlight the growing gap between the rich and the poor. In the Philippines, national movements, people\u2019s organizations, non-government and civil society groups held an assembly and concert at an impoverished community in Intramuros at the heart of the country\u2019s capital, Manila. \u00a9 Jilson Tiu \/ Greenpeace<\/figcaption><\/figure>\n\n

Why it matters.<\/h3>\n\n

As with all crises, the people already facing the most oppression and inequalities are the ones paying the highest price. And, the only ones benefiting from it are the ones who already have the most power.<\/p>\n\n

To date, thousands of people have already been killed by climate disasters<\/a> and millions have been impacted, especially Indigenous and marginalised communities. The youth of the planet<\/a> is suffering from unemployment, low wages, stagnant job markets, and obstacles to building their own future. Women<\/a> and lower-income communities are also the hardest hit. And, at the same time, biodiversity loss is increasing at an unprecedented rate<\/a>. <\/p>\n\n

\"Sea
Dukhdev Tikadar, living in Ghoramara island, is one of the many people affected by sea level rise: \u201cI fish in the river and I love this place.\u201d Scientists estimate that over 70,000 people, will be displaced from the Sundarbans due to sea level rise by the year 2030. \u00a9 Greenpeace \/ Peter Caton<\/figcaption><\/figure>\n\n

As Togo\u2019s climate justice activist Kaossara Sani<\/a> states, \u201cRich supremacy is killing the planet. Every silence and inaction in rich and industrialised countries for climate is a crime against nature, humanity and a threat to social justice in poor countries.\u201d <\/p>\n\n

\"\u00a9
Kaossara Sani, co-founder ACT ON SAHEL MOVEMENT \u00a9 Kaossara Sani<\/figcaption><\/figure>\n\n

What can we do?<\/h3>\n\n

We can\u2019t be silent, we have to act.<\/p>\n\n

It\u2019s time to break the system, it\u2019s time to unite and reclaim our power from the ones who have used it against life in all its forms. It\u2019s time to resist and make them accountable for the damage they have made. It is time for the #FossilFreeRevolution! Stay tuned!<\/p>\n\n

Georgia Whitaker, Lead Campaigner Greenpeace Fossil Free Revolution<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The world we live in has been built around an economic system that prioritises never-ending growth over the welfare of people and the planet. This system plunders our planet\u2019s resources<\/p>\n","protected":false},"author":6,"featured_media":16078,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_planet4_optimize_post_is_variant":false,"_planet4_optimize_experiment_name":"","_planet4_optimize_variant_name":"","ep_exclude_from_search":false,"p4_og_title":"","p4_og_description":"","p4_og_image":"","p4_og_image_id":"","p4_seo_canonical_url":"","p4_campaign_name":"not set","p4_local_project":"not set","p4_basket_name":"not set","p4_department":"","footnotes":""},"categories":[10],"tags":[27],"p4-page-type":[6],"class_list":["post-16077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-greenpeace","tag-plastics","p4-page-type-story"],"yoast_head":"\nWhat is fossil capital? 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