Climate Politics/Capitol Light (47)
The world is not doing well in its efforts to meet the existing voluntary goals of the Paris climate accord—targets that collectively were known to be inadequate from the day the accord first came into force.
Energy featured
Corporations as Private Sovereign Powers: The Case of Total
Having studied, written on and engaged in public discussion about transnational corporations (TNCs), I have reached the conclusion that we are not collectively equipped to think about the kind of power that they represent, the silent way they exercise their specific form of sovereignty and the numerous mechanisms that allow them to circumvent the law wherever they operate.
Teck’s Oilsands Mine: The Case Kept Getting Worse and Worse
The abrupt decision by Teck Resources to withdraw its application for the Frontier bitumen mine project reveals a truth that politicians like Jason Kenney and other industry boosters continue to deny — that investing large sums of money in Canada’s oilsands no longer makes any financial sense.
Stock Market Turmoil Undermines Claimed Energy Dominance Benefits of US Shale Drilling
Oil prices collapsed Monday amid falling energy demand and the global response to the novel coronavirus outbreak, as the number of confirmed COVID-19 cases worldwide reached over 113,000. On Friday, talks disintegrated inside the so-called OPEC+ alliance, which includes Organization of Petroleum Exporting Countries (OPEC) as well as non-OPEC members like Russia.
Share The Great Switch – Lessons from when 14 Million Homes and Businesses Changed Fuel in Less than a Decade
Between 1970 and 2018, the UK population rose from 56m to 66m, but both total energy use and carbon emissions fell in this same period. This was because coal – the most carbon-intensive of the fossil fuels – was nearly eliminated, cleaner natural gas consumption rose slightly and then fell, and oil consumption stayed the same, as the growing area of transport remained oil-dependent.
Energy Storage and our Unpredictable Future
Their new book Energy Storage and Civilization: A Systems Approach (Springer, February 2020) is an important contribution to biophysical economics – marvelously clear, deep and detailed where necessary, and remarkably thorough for a work of just over 150 pages.
The Government Must Abandon its Fossil Fuel Power Projects. If Not, we’ll Sue
No longer should our survival be an afterthought. If we are to withstand the climate crisis, every decision should begin with the question of what the planet can endure. This means that any discussion about new infrastructure should begin with ecological constraints. The figures are stark.
UK’s CO2 Emissions have Fallen 29% Over the Past decade
The UK’s CO2 emissions fell by 2.9% in 2019, according to Carbon Brief analysis. This brings the total reduction to 29% over the past decade since 2010, even as the economy grew by a fifth.
Human Consumption of Natural Resources Exceeds an Annual 100 Billion Tonnes
In 1969, the late Professor Albert Bartlett famously delivered a lecture, entitled “Arithmetic, Population and Energy”, which begins with the observation that, “The greatest shortcoming of the human race is our inability to understand the exponential function.” The truth of this is profound and irrefutable…
Peak Permian Oil Production May Arrive Much Sooner Than Expected
In mid-January, Adam Waterous, who operates the private equity firm Waterous Energy Fund, made a prediction about the crown jewel of the U.S. shale oil industry, the Permian shale play that straddles Texas and New Mexico.
“We think we are at or near peak Permian,” Waterous told Bloomberg. “The North American oil market has been grossly overcapitalized, which is not sustainable.”
New Study Finds Far Greater Methane Threat from Fossil Fuel Industry
A new study published in Nature may have ended a long scientific debate about the key source of rising methane levels in the atmosphere.
It found that methane emissions from human activities — mainly fossil fuels — are probably 25 to 40 per cent higher than previously estimated, while natural sources of methane emissions are up to 90 per cent lower than previously estimated.
To Many’s Dismay, Permian Produces More Gas and Condensate Instead of Oil and Profits
As oil prices plummet, oil bankruptcies mount, and investors shun the shale industry, America’s top oil field — the Permian shale that straddles Texas and New Mexico — faces many new challenges that make profits appear more elusive than ever for the financially failing shale oil industry.
Many of those problems can be traced to two issues for the Permian Basin: The quality of its oil and the sheer volume of natural gas coming from its oil wells.
