The world’s largest oil companies gathered in New York City on Monday [September 23, 2019]. At the same time, global leaders met at the UN Climate Summit. Executives from thirteen fossil fuel companies talked about how to defend their industry as countries around the world planned to cut carbon dioxide emissions. The chief executive of […]
New Oil Projects Won’t Pay Off If World Meets Paris Climate Goals, Report Shows
by Nicholas Kusnetz The world’s leading oil companies increasingly have argued that they must be part of the world’s transition to a low-carbon future. But a new report shows that despite their rhetoric, they continue to spend their money as if that transition may never come. In just the past year, the biggest global companies […]
Economics favor an all-renewable grid
One of the ongoing arguments that the forces opposed to dealing with climate change make is that transitioning the grid to renewables will be economically devastating. A nuance that’s emerging is that a mixed grid with lots of fossil fuels is economically superior. It isn’t, and it’s worth pulling together the set of arguments for […]
Democratize Finance, Euthanize the Fossil Fuel Industry
How can we Value our Values – The Green New Deal won’t get far if it’s left hostage to the whims of private finance. We need to set up public banks and democratize the Federal Reserve. How can we afford it? Ever since Representative Alexandria Ocasio-Cortez released her Green New Deal legislation last month, that’s been […]
A Review Our Renewable Future by Richard Heinberg and David Fridley
Questioning “Our Renewable Future” is the title Ted Trainer uses for his review of Our Renewable Future, by Heinberg and Fridley, and he urges a reconsideration of some of its conclusions: “This valuable book explains many of the difficulties making the achievement of 100% renewable energy uncertain. However a much stronger case can be given, indicating […]