CALGARY — By betting it can solve its emissions problem with carbon capture and storage, Canada's oil and gas industry risks saddling itself with expensive stranded assets, a new report argues.
CALGARY — By betting it can solve its emissions problem with carbon capture and storage, Canada's oil and gas industry risks saddling itself with expensive stranded assets, a new report argues.
Last year’s combined $200bn profit for the ‘big five’ oil and gas companies brings little hope of driving down emissions
While 2022 inflicted hardship upon many people around the world due to soaring inflation, climate-driven disasters and war, the year was lucrative on an unprecedented scale for the fossil fuel industry, with the five largest western oil and gas companies alone making a combined $200bn in profits.
More than a billion tonnes of climate pollution pours out American tailpipes every year. For scale, that's more than the combined emissions from the 100 least-polluting nations.
Ending this gargantuan climate pollution disaster will require a sharp increase in new lithium extraction to build the zero-emission alternatives — battery electric vehicles. A new report by the University of California, Davis and the Climate and Community Project (CCP) reveals just how much more lithium will be needed.
Winter 2023 (New Politics Vol. XIX No. 2, Whole Number 74)
An Interview with Alyssa Battistoni
Alyssa Battistoni teaches political theory at Barnard College. She is the co-author of A Planet to Win: Why We Need a Green New Deal (Verso 2019) and is currently writing a book titled Free Gifts: Capitalism and the Politics of Nature. Phil Gasper spoke with Alyssa on behalf of the New Politics editorial board on November 4, 2022.
Given the scale and complexity of the transition away from hydrocarbons, some worry that economic analysis has been given short shrift in the policy planning process. A clear-eyed assessment of the transition's prospects requires a deeper understanding of at least four major challenges.
