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Whitehouse calls fossil fuel industry, Russia and far right an 'Axis of Climate Evil' at OSCE meeting

Speaking to a European security assembly in Andorra, the Rhode Island Democrat warned that climate risk could crash insurance, mortgage and property markets and urged governments to confront what he called the industry's political allies.

U.S. Sen. Sheldon Whitehouse, D-R.I., told a European security forum that the fossil fuel industry, its "front groups," Russia and far-right political groups amount to what he called a new "Axis of Evil" working against action on climate change, according to remarks his office released Friday.

Whitehouse, the Senate ranking member of the Commission on Security and Cooperation in Europe, known as the Helsinki Commission, spoke at the Organization for Security and Cooperation in Europe Parliamentary Assembly's 24th Autumn Meeting in Andorra la Vella, Andorra. His office said he co-led a session titled "Strengthening Energy Sovereignty within the OSCE Area: Security, Efficiency, Sustainability" as part of a bipartisan delegation.

In the speech, Whitehouse said climate risks are making whole areas uninsurable, and he argued that this could set off a cascade in which insurance collapse leads to mortgage collapse, falling property values and broader economic collapse, "like the global crash of 2008, but likely without the rebound." He said such warnings were coming from Freddie Mac, the insurers Allianz and Aon, the Federal Reserve and the Bank of England, among others, and cited a warning in The Economist of a $25 trillion hit to global real estate markets.

"The fossil fuel industry fights fiercely to pollute for free," Whitehouse said, calling what he described as its "pollute-for-free business model" "lethal to our climate safety as humankind." He also said, "Vladimir Putin's covert schemes in Europe both disrupt democracy and prop up fossil fuel, his primary revenue. In the United States, the political right, fueled by dark money, still denies climate science."

The delegation included Sen. Roger Wicker, R-Miss., the Senate chair of the Helsinki Commission; Sen. Kevin Cramer, R-N.D.; and Rep. Marc Veasey, D-Texas. Whitehouse's office said he also met with the Ukrainian and Canadian delegations and took part in events on authoritarian information manipulation, Russia's coercive recruitment of foreign nationals into its armed forces, and Hungary's democratic renewal.

According to his office, the assembly adopted two Whitehouse amendments at its annual meeting in July, one aimed at Russia's "shadow fleet" of oil tankers and one spotlighting what the office called Russia's illegal resettlement operation in occupied Ukraine.

The release included no response from the groups Whitehouse criticized.

This brief was drafted by AI from a public agency or political press release and published by The New England Signal. Why we use AI for stories like this one.

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