MORE Statement on New Study Showing Peabody Energy Responsible for 0.86% of Carbon Emissions
A new study released yesterday in the Guardian has found that 90 companies are responsible for two-thirds of greenhouse gas emissions since the industrial age. The study, done by Richard Heede at the Carbon Accountability Institute in Colorado, puts significant emphasis on the role of investor-owned, state-owned and government-run companies in causing the climate crisis. According to the study, Peabody Energy, the world’s largest private sector coal company headquartered in downtown St. Louis, has caused 0.86% of global greenhouse gas emissions. Peabody is the highest-ranking investor-owned coal producer on the list. Arch Coal, also headquartered in St. Louis, has caused 0.41% of global greenhouse gas emissions. These numbers do not include the amount of fossil fuel reserves that companies including Peabody and Arch are sitting on and hoping to burn.
In response, Zach Chasnoff with Missourians Organizing for Reform and Empowerment (MORE) released the following statement:
This study is an important step in recognizing just who is to blame for the climate crisis - Peabody and Arch and their CEOs Greg Boyce and John Eaves. It is time that...
Aldermen Cave and Pass $7 Million TIF to Help Laclede Gas Move Three Blocks
Despite Citizen Objections and Outcry, TIF Passes the HUDZ Committee
ST. LOUIS -- Today, the aldermen on the Housing, Urban Development and Zoning (HUDZ) Committee passed 6-1, with 1 abstention, the TIF package for Laclede Gas’ developer, the Koman Group, for the GenAmerica building. Alderwoman Phyllis Young was the sponsor of the bill. While HUDZ committee members had pledged opposition to the bill, only Alderwoman Tyus stood strong to vote against it.
Community members affiliated with Missourians Organizing for Reform and Empowerment (MORE) testified at the hearing and asked alderpeople to vote ‘no’ on the proposal. Many cited conditions in Northside neighborhoods in comparison to development incentives going downtown as reasons for opposition.
“Alderwoman Young said that the GenAmerica building is so nice because you can see straight through the big windows. Well in historic North St. Louis where I live, I can see straight through the vacant lots, broken windows and derelict buildings. I am asking you all to think about who you represent here. We need tax money for our communities,” said Ann Shirley Crenshaw, of North...
Despite Citizen Concerns, TIF Commission Approves $8.1 Million TIF to Laclede
Critics Point to Out of Control Tax Breaks and the Take Back St. Louis Initiative
ST. LOUIS -- Today, the TIF Commission voted to recommend approval to the Board of Alderman on a bill to give the Koman Group$8.1 million in tax increment financing (TIF) for Laclede Gas to move three blocks downtown to 706 Market. The TIF Commission voted with 4 yeses and 1 abstention, despite many citizens testifying with concerns about the proposal. Citizens with Missourians Organizing for Reform and Empowerment (MORE) and the Take Back St. Louis campaign held signs and chanted when the Commission voted.
Critics pointed to the Take Back St. Louis initiative which would stop the city from giving public financial incentives to extraction companies, including Laclede, and instead redirect city development dollars towards vacant land for renewable energy and sustainability projects, as reason to delay the vote on the project. Citizens also brought up questions regarding why millionaire corporations need tax breaks, how this proposal will just leave Laclede’s existing building vacant and if this TIF...
FOR IMMEDIATE RELEASE: October 28, 2013
Take Back St. Louis and MORE Demand Laclede Rescind Request for $8 Million TIF
Group Puts Pressure on Laclede and TIF Commissioners Ahead of Wednesday TIF Meeting
ST. LOUIS -- Today, a group of St. Louis citizens with Missourians Organizing for Reform and Empowerment (MORE) and the Take Back St. Louis campaign gathered downtown to deliver a letter to Laclede Gas, asking the company to rescind its developer’s application for an $8 million TIF (tax increment financing) package to move three blocks downtown. The group presented Laclede with a large gas bill, illustrating the company’s $62 million in profit last year and chanted “we want our city green and healthy, no more tax breaks for the wealthy.” Police blocked all doors to the building and refused to take a letter to Laclede CEO Suzanne Sitherwood. The group also delivered letters to TIF Commissioners, urging them to vote down Laclede’s developer’s proposal at Wednesday’s TIF Commission hearing.
“Many of us worked for months to collect 36,000 signatures for the Take Back St. Louis initiative, which would stop this tax package for Laclede....
St. Louis is about to have a vote to decide the future of Big Coal in the city. Just days ago, the St. Louis Board of Elections verified that the Take Back St. Louis Ballot Initiative had 960 signatures more than necessary, thereby guaranteeing its spot on the ballot. In other words, residents of St. Louis think that continued tax breaks to coal corporations should be brought to the ballot. In the battle against coal and other extractive industries, we are opening up a new front in which we directly target the subsidization of their corporate headquarters and subsequently, their profits.
Acting fearlessly, groups across the country seeking to curb climate calamity have intensified action against extraction sites, pipeline routes, power plants, refineries, and corporate targets. As fossil fuel corporations continue business as usual, the stakes in the climate crisis rise; groups have escalated their tactics in order to demand a change.
Meanwhile, in the land of coal corporate headquarters, corporations like Peabody Coal take public money in a “race to the bottom” which gives corporations control over our tax dollars. Over the past decade, the city of St. Louis has given “aggressive incentives” to private-sector corporations, while fundamental services in...