The Bank of England’s warning is pretty clear – beware the Carbon Bubble. The bank is urging major insurance companies, top tier investors, to divest from fossil fuels, get out while the getting’s good.
Insurance companies could suffer a “huge hit” if their investments in fossil fuel companies are rendered worthless by action on . . . → Read More: The Disaffected Lib: While the Getting’s Good
There are times when governments must intercede to protect their citizens against significant threats and dangers.
Fossil fuels present a significant threat and danger to life of all forms around the world.
We know if we are to have any reasonable prospect of limiting global warming to no more than 2 degrees Celsius, about . . . → Read More: The Disaffected Lib: Is It Time to Nationalize Fossil Fuels?
Depending heavily for jobs, profits and taxes on our most rapidly increasing source of greenhouse gas emissions is environmental folly. It may mean more economic prosperity in the short term, but by contributing to global warming, it will undermine economic prosperity, and a lot else, in the long term. It is a dangerous dependence. And . . . → Read More: Bill Longstaff: Are we gambling our economy on the tar sands?
One way to think about climate activism is to see if it focuses on the supply of or demand for fossil fuels – pipelines or cars, hydrocarbons or carbon emissions. This distinction is not a new one, is doubtless very simplistic and has often been used to chastise activists. Here, I hope it will draw . . . → Read More: Political Eh-conomy: What’s the risk? Climate activism aiming at supply and demand
Friday, February 21, 2014
When U.S. President Obama met with Prime Minister Harper earlier this week, he highlighted the importance of considering climate change in key energy decisions, like the Keystone XL, but was polite enough not to highlight that Canadian energy decisions do their best to ignore climate change. The reality . . . → Read More: Environmental Law Alert Blog: Dear President Obama: In Canada climate change affects none of our decisions
Word is coming out of the discovery of a truly massive, shale oil field in Australia that’s expected to produce from 233 upwards to 400-billion barrels of crude oil. That’s crude oil, not bitumen.
Even at the lowest range, 233-billion barrels considerably exceeds Canada’s 175-billion barrel petro-reserves, most of which are high-cost, high-carbon bitumen.
. . . → Read More: The Disaffected Lib: If This is Fact, We Need to Rethink Our Bitumen Policy, Pipelines Included.
Nick Stern is the latest voice to warn of the Carbon Bubble that threatens to plunge world markets into yet another financial crisis.
The former World Bank chief economist, currently I.G. Patel professor of economics at the London School of Economics, has joined with the Carbon Tracker thinktank to release a report finding that . . . → Read More: The Disaffected Lib: Nick Stern’s Carbon Bubble Warning
By: Canadian Centre for Policy Alternatives | Press Release: OTTAWA – Canada’s economy is experiencing a “carbon bubble” that could have significant consequences for Canada’s financial markets and pension funds, according to a new study released March 26 by the Canadian Centre for Policy Alternatives. Between two-thirds and four-fifths of known […]
The post Fossil . . . → Read More: The Canadian Progressive | News & Analysis: Fossil fuel divestment necessary to avoid “carbon bubble”, says study
I don’t think even Sideshow Steve Harper believes the fable of Canada’s energy superpowerdom any more. My guess is that he knows full well that the federal government is riding a tiger and Steve doesn’t want to be the prime minister who has to step off. I suspect bitumen is a problem Steve would . . . → Read More: The Disaffected Lib: Riding the Petro-Tiger
The Carbon Bubble has arrived. It has finally emerged as a subject for consideration and debate. Hardly a day goes by that there isn’t some discussion of the Carbon Bubble.
In case you’re not familiar with it, the Carbon Bubble arises out of the calculation, based on pure physics, of how much CO2 our . . . → Read More: The Disaffected Lib: The Power of the Carbon Bubble