R12 A3: End the Fossil Fuel Economy. Now.

Energy prices are rising exponentially, while fossil fuel companies are making
record profits. Governments spend millions of tax money on subsidizing them. At
the same time, the increasing inflation makes basic needs a luxury, while wages
are drastically losing value. At this moment, many people cannot pay for their
basic needs, don’t know how to pay their energy bills and homelessness is on the
rise. Meanwhile, the fossil fuel dependence of the European Union continues to
fill Russia’s bank accounts for continuing the war in Ukraine, causing
unspeakable destruction and losses. And on top of that the European Commission
contributes to the green washing of fossil fuels by labeling fossil natural gas
as "sustainable investment". Furthermore, policies on phasing out fossil fuels
are being blocked by the Energy Charter Treaty that allows energy corporations
to put forward compensation claims to states if the former deem their
investments and expected profits have been damaged by policy changes. This has
led to climate friendly policies becoming a financial risk for all states as big
fossil fuel companies are currently suing European states for fossil fuel phase
outs and demand several billion euros.

The economic system is deeply rotten, providing more and more money for the
richest companies that massively destroy our planet and human lives, while the
majority of peoples‘ living situations become more precarious than ever. This
can only be tackled by a drastic revolution of our energy system. Only by
phasing out fossil fuels by 2030 and massively increasing subsidies, jobs and
resources in renewable energies, the earth overheating can be limited, while at
the same time ensuring a democratization of the energy system and the European
independence from authoritarian regimes that are a serious threat to human lives
and human rights. Fossil fuel companies will never stop exploiting the earth and
working with oppressive regimes, unless we don’t remove their profit by
nationalizing them and replacing them as an energy source.

Therefore, we demand all European Countries

• to immediately stop all fossil fuel subsidies

• to immediately stop the import of oil and gas, especially coming from
  dictatorships and LNG production

• develop just transition plans which rapidly phase out fossil fuel usage while minimising the socio-economic disruptions to workers and communities

• to drastically increase the taxation of fossil fuel companies

• to put a cap on profits in the energy sector

• to nationalize all fossil fuel companies with the goal of closing them
  down

• to massively expand renewable energy production

• to redirect all current fossil fuel subsidies into renewable energy
  projects

• to put in place effective measures that keep energy prices affordable for
  everyone

• to immediately pull out of the Energy Charter Treaty and stop its further
  expansion

Furthermore, we ask the European Commission to immediately withdraw its
declaration of gas as sustainable.