Meet the CEO of a big coal company. Robert Murray provides a perfect example of the manner in which representatives of the fossil fuel industries are resisting every effort to shut down CO2 emissions. They have plenty of money, and they are using that money to buy off as many politicians and media outlets as they can, with considerable success. Their arguments in many cases are completely bogus. We can’t really blame them for acting this way. All together, they have trillions of dollars worth of property at stake, along with the income it can produce, and they are seeing many big coal companies already going bankrupt. Protecting property is in our genes, and the right of self defense is often justified even when it is contrary to society’s better interests. These people are likely to lose the battle in the long run, leaving them at this time with little more than a strategy of slowing the process down in every possible way. Anyone who wants to speed the process up has to realize and somehow overcome the power and influence of people like Robert Murray.
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New research exposes dangerous fracking pollution. This study by Stanford scientists specifically examined the impact of industry practices on drinking water resources. The results are likely to inspire a set of more stringent regulations and possibly curtailments, thereby adding to industry costs and prices. Cheap gas has had considerable impact on the coal industry in the US, which is fine except that we appear to have largely substituted one kind of pollution for another. That opens the door a little wider for something cleaner (and price competitive) to provide us with electricity. (Increased earthquake activity in many regions is also being linked convinvingly to fracking.)
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How large is the potential availability of sources of renewable energy? Here is the result of a study that was recently conducted for the US alone:
Some US farms are now earning more money from leasing via solar panels than from crops:
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A new study describes the instability of Antarctica’s ice sheet. This post from the NY Times explains the mechanism quite well, leading to a possible sea level rise of five or six feet from all sources by the year 2100 and much more thereafter. The work complements that of James Hansen, but on a reduced scale that makes it easier to believe while yet troublesome enough to stimulate what should be a vigorous response.
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How electric vehicles will reduce the demand for oil. This interesting article is based on a variety of assumptions and a general belief that the oil industry is underestimating the impact of EVs. The effect starts to get serious in the next decade, becoming similar to the current supply/demand imbalance in the industry, then much stronger after 2030.
Carl