Tag Archives | Fossil Fuels

Big Oil Knew. Big Oil Lied.

A new report, The Climate Deception Dossiers, chronicles how Exxon and other major fossil fuel companies did not take action to disclose or reduce climate risks in the ensuing years, but instead actively misled the public and policymakers about them. (Image: Union of Concerned Scientists)

A new report, The Climate Deception Dossiers, chronicles how Exxon and other major fossil fuel companies did not take action to disclose or reduce climate risks in the ensuing years, but instead actively misled the public and policymakers about them. (Image: Union of Concerned Scientists)

This post originally appeared on Common Dreams. See more of Jon Queally’s articles here.

They knew. They lied. And the planet and its people are now paying the ultimate price.

It’s no secret that the fossil fuel industry—the set of companies and corporate interests which profit most from the burning of coal, oil, and gas—have been the largest purveyors and funders of climate change denialism in the world.

Now, a new set of documents and a report released by the Union of Concerned Scientists (UCS) answers the age-old question always asked when it comes to crimes of corruption, cover-up, and moral defiance: What did they know and when did they know it?Read the rest

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It’s Official: Global Carbon Levels Surpassed 400 ppm for Entire Month

An animation showing how carbon dioxide moves around the planet. (Screenshot: NASA/YouTube)

An animation showing how carbon dioxide moves around the planet. (Screenshot: NASA/YouTube)

This posted was originally published on Common Dreams. See more of Sarah Lazare’s posts here.

Marking yet another grim milestone for an ever-warming planet, the National Oceanic and Atmospheric Administration revealed on Wednesday that, for the first time in recorded history, global levels of carbon dioxide in the atmosphere averaged over 400 parts per million (ppm) for an entire month—in March 2015.

“This marks the fact that humans burning fossil fuels have caused global carbon dioxide concentrations to rise more than 120 parts per million since pre-industrial times,” said Pieter Tans, lead scientist of NOAA’s Global Greenhouse Gas Reference Network, in apress statement. “Half of that rise has occurred since 1980.”

This is not the first time the benchmark of 400 ppm has been reached.

“We first reported 400 ppm when all of our Arctic sites reached that value in the spring of 2012,” explained Tans.… Read the rest

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This Major Newspaper Just Declared War on Fossil Fuels

observista (CC BY-ND 2.0)

observista (CC BY-ND 2.0)

Via Tim McDonnell at Mother Jones:

After 20 years at the helm of one of the United Kingdom’s most influential newspapers, Alan Rusbridger is about to step down as editor of the Guardian. He’s not going quietly: In an op-ed a couple weeks ago, Rusbridger pledged to use his waning weeks to launch a full-out war on climate change:

So, in the time left to me as editor, I thought I would try to harness theGuardian’s best resources to describe what is happening…For the purposes of our coming coverage, we will assume that the scientific consensus about man-made climate change and its likely effects is overwhelming. We will leave the sceptics and deniers to waste their time challenging the science. The mainstream argument has moved on to the politics and economics…

We will look at who is getting the subsidies and who is doing the lobbying.

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$548 Billion In Global Fossil Fuel Subsidies “Rig The Game” Against Renewables

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via Clean Technica:

In the same week that a new study found that G20 nations, including Australia, were providing $US88 billion ($A102 billion) a year in subsidies just for fossil fuel exploration, another report – this time from the highly conservative International Energy Agency – has put a number to the global value of subsidies that artificially lowered end-use prices for all forms of fossil energy in 2013: $US548 billion.

It’s a huge number, and although $25 billion less than in 2012, the IEA notes that the $548 billion spent in 2013 – over half of which was directed to oil products – remains more than four times the value of subsidies to renewable energy and more than four times the amount invested globally on improving energy efficiency.

In its 2014 World Energy Outlook report, released on Wednesday, the IEA says the subsidisation of fossil fuels remains a big problem globally, imposing enormous economic, social and environmental costs.

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The End of Peak Oil

Peak oil has been an alarmist catch phrase for so long that many of us simply assume that oil production has in fact peaked and we’re well on the way to running out of the world’s favorite fossil fuel. Not so, according to this story in the Wall Street Journal:

Have we beaten “peak oil”?

For decades, it has been a doomsday scenario looming large in the popular imagination: The world’s oil production tops out and then starts an inexorable decline—sending costs soaring and forcing nations to lay down strict rationing programs and battle for shrinking reserves.

Estimates of Peak World Oil Production.jpg

U.S. oil production did peak in the 1970s and sank for decades after, exactly as the theory predicted. But then it did something the theory didn’t predict: It started rising again in 2009, and hasn’t stopped, thanks to a leap forward in oil-field technology.

To the peak-oil adherents, this is just a respite, and decline is inevitable.

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Rockefellers Selling Fossil Fuel Investments, Buying ‘Clean’ Energy Assets

Johndrockefeller.jpg

John D. Rockefeller

If the archetypal American oligarchs, the Rockefellers, are divesting themselves of fossil fuel assets and replacing them with so-called clean energy assets, have we moved past a tipping point or is it just propaganda? From BBC News:

Heirs to the Rockefeller family, which made its vast fortune from oil, are to sell investments in fossil fuels and reinvest in clean energy, reports say.

The Rockefeller Brothers Fund is joining a coalition of philanthropists pledging to rid themselves of more than $50 bn (£31 bn) in fossil fuel assets.

The announcement will be made on Monday, a day before the UN climate change summit opens on Tuesday.

Some 650 individuals and 180 institutions have joined the coalition.

It is part of a growing global initiative called Global Divest-Invest, which began on university campuses several years ago, the New York Times reports.

Pledges from pension funds, religious groups and big universities have reportedly doubled since the start of 2014.

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World Council of Churches to Divest from World’s Dirty Fuels

Image by Arnold Paul cropped by Gralo.

Image by Arnold Paul cropped by Gralo.

In a big move, the World Council of Churches plans to pull funding from fossil fuels.

Jon Queally writes at Common Dreams:

In what the global fossil fuel divestment movement is claiming as a “major victory,” the World Council of Churches has agreed to phase out its financial holdings in the world’s dirtiest energy sources and will encourage the congregants in the churches it represents to do the same.

Passed by a vote taken Thursday in Geneva at meeting of the Central Committee of the WWC—comprised of over 300 Christian churches from around the world and representing some 590 million people in 150 countries—the council sited both its ethical obligations, the desires of its members, and Biblical scripture as informing its decision.

“There was an explicit wish at the Finance Committee to include fossil fuels as one of the sectors where the WCC will not invest in, based on decisions to divest from fossil fuels taken by member churches in different parts of the world,” said Guillermo Kerber, who coordinates the WCC’s work on care for creation and climate justice.

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The Impossibility of Growth

Battle of Actium

Battle of Actium

British political and environmental activist George Monbiot addresses the excellent question of why industrial nations all believe that economic growth is a necessity, at The Guardian:

Let us imagine that in 3030BC the total possessions of the people of Egypt filled one cubic metre. Let us propose that these possessions grew by 4.5% a year. How big would that stash have been by the Battle of Actium in 30BC? This is the calculation performed by the investment banker Jeremy Grantham(1).

Go on, take a guess. Ten times the size of the pyramids? All the sand in the Sahara? The Atlantic ocean? The volume of the planet? A little more? It’s 2.5 billion billion solar systems(2). It does not take you long, pondering this outcome, to reach the paradoxical position that salvation lies in collapse.

To succeed is to destroy ourselves. To fail is to destroy ourselves. That is the bind we have created.

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Can Fire Ice Save The World?

A burning methane hydrate chunk - inlay is a lattice of the clathrate. USGS.

A burning methane hydrate chunk – inlay is a lattice of the clathrate. USGS.

Methane hydrate, colloquially known as Fire Ice, is being discussed as the energy of the future that will render peak oil and all the other expiring fossil fuel sources irrelevant. BBC News investigates the pros and cons of what is, after all, another hydrocarbon:

The world is addicted to hydrocarbons, and it’s easy to see why – cheap, plentiful and easy to mine, they represent an abundant energy source to fuel industrial development the world over.

The side-effects, however, are potentially devastating; burning fossil fuels emits the CO2 linked to global warming.

And as reserves of oil, coal and gas are becoming tougher to access, governments are looking ever harder for alternatives, not just to produce energy, but to help achieve the holy grail of all sovereign states – energy independence.

Some have discovered a potential saviour, locked away under deep ocean beds and vast swathes of permafrost.

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