To see our fate clearly, we must face these hard facts about energy, growth and governance. Part one of two.
No one wants to be the downer at the party, and some would say that I am an unreformed pessimist. But consider this — pessimism and optimism are mere states of mind that may or may not be anchored in reality. I would prefer to be labeled a realist, someone who sees things as they are, who has a healthy respect for good data and solid analysis (or at least credible theory).
By some estimates, “the price of oil could permanently plummet to $25 a barrel by the mid-2020s. Only the cheapest oil in places like Saudi Arabia could be economically produced. Canada's oil sands, where most projects need an oil price of $60 to $80 a barrel just to break even, would cease to make financial sense.”
While many Canadians are looking to the October 21st federal election for solutions to global climate disruption, the climate plans from the four major parties offer none.
Any genuine solution will require reining in an economic system that demands eternal growth in a finite ecosystem, mitigating or adapting to multiplying environmental and social disasters, and drastically reducing consumption. Deadline: yesterday!
While 2020 hopefuls Elizabeth Warren and Bernie Sanders often aligned on climate policy at CNN’s climate crisis town hall Wednesday evening, the candidates diverged on the question of nationalizing public utilities. Bernie is for the proposal, while Warren is against. We speak with journalist Kate Aronoff.
This article contains some rare information and analysis about U.S. unions' positions on the Green New Deal and the climate disruption crisis in general.
Published onTuesday, August 06, 2019 by TomDispatch
World’s biggest fund manager urged to invest in clean energy for good of the climate and its investors
BlackRock, the world’s biggest investor, has lost an estimated $90bn over the last decade by ignoring the serious financial risk of investing in fossil fuel companies, according to economists.
Global investment of more than $1 trillion in planned LNG plants at risk
Employees work next to tanks for liquefied natural gas at a factory in Xian, China in June. China is a prime customer in a worldwide LNG expansion. (Reuters)
