Climate Letter #493

The full story of the pope’s encyclical and the science behind it.  One of the main points here is that the science nearly duplicates the important conclusions of the IPCC studies, implying that it was expertly constructed.  It also adds a valuable dimension the IPCC is unable to handle, which is explained here in a section toward the end headed “Limits of Science.”  In short, the pope and his views on climate change deserve all of the attention they have been getting.

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Nine more major corporations have pledged to go 100% renewable.  That brings the total to 36, one of which is already there.  “Research shows that the most ambitious companies have seen a 27 percent return on their low carbon investments.”
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The fossil fuel divestment movement has now reached $2.6 trillion in value.  Most of this has come about in just one year, since the program started.  Many portfolio managers point to climate risk as a motivating factor along with general principles.  The new Exxon revelations should add more trimmings to the list.
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Is Apple really going into the automobile business?  Affirmative evidence is piling up.  You may be surprised by the extent of it, and also the hint of a launch date as early as 2019!
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Another threat to the oil industry.  This story has only a little to do with global warming, but it contains good news for anyone who is concerned about the effects of today’s plastics on the environment.  Biofriendly changes are in sight.
Carl

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