Posts in September 2008
- The International Energy Agency (IEA) estimates that nearly 50% of global electricity supplies will have to come from renewable energy if we want to halve CO2 emissions by 2050 in order to minimise irreversible climate change. Meeting these very ambitious objectives will require unprecedented political commitment, which has so far been badly lacking across both...
Continue reading 'IEA: “Urgent Action” Needed on Renewables'.
- Last week, environmental groups were celebrating that Congress did not repeal or weaken Section 526 of the U.S. Energy Independence and Security Act of 2007, as part of the Senate Authorisation bill. Under Section 526 of the act, US federal government agencies are restricted from entering into contracts to purchase non-conventional fuels such a tar...
Continue reading 'Section 526: Canadian paper wonders if its “all bark no bite?”'.
- Looking for something great to do on Saturday? All of us here at Oil Change urge you to join the National Day of Action for Green Jobs. Its a perfect way to address the crises in both our economy and our ecology at the same time. Green Jobs Now is a National Day of Action...
Continue reading 'Green Jobs Now!'.
- Whilst the biggest political fight of the moment in Congress concerning the toxic bank bail-out continues to make headlines, another bitter political fight is coming to a head, but this one is in Brussels. On the one side are progressive MEPs, and members of the European Commission coupled with environmental groups and scientists who are...
Continue reading '“A Good Day for Democracy”'.
- Two weeks ago a jury in Britain ruled that it is acceptable to break the law if you are protesting against climate change. They acquitted six Greenpeace protestors who had been charged with $70,000 worth of criminal damage after painting the side of the controversial Kingsnorth coal-fired powered station. Now Al Gore, the former vice...
Continue reading 'Gore: Its Time for Direct Action'.
- It could be the ultimate irony for millions of people who opposed the illegal war in Iraq – within months when they switch on their heating or their cooker, they could be burning Iraqi gas. Their homes could be heated by the spoils of war. Yesterday Shell signed a $4 billion gas deal – the...
Continue reading 'The spoils of war are coming home…'.
- For nearly twenty years anyone concerned about climate change has been worried about the millions and millions of tonnes of frozen methane locked in the permafrost slowly melting and being released into the atmosphere. It was seen as a nightmare scenario, known as a positive feedback mechanism, where the more the Arctic melted the more...
Continue reading 'The Methane Time Bomb Explodes'.
- Tackling climate change can have a significant impact on your company’s value to the total of $7 trillion, according to a new report by the London-based Carbon Trust. The report, based on analysis by McKinsey & Co, found that companies’ futures will be highly dependent on how well prepared they are for the move to...
Continue reading 'The Trillion Dollar Wake Up Call'.
- You would think that as the US government thinks about buying up large numbers of distressed mortgages held by the country’s ailing financial institutions and sticking them in the “Bad Bank”, it would be in need of every dollar it could get. As one financial analyst said last night, the bad bank might work until...
Continue reading 'US Government Loses Billions in Oil Royalties'.
- It was inevitable that some sections of the Canadian press would defend tar sands, but the arguments they are using are fundamentally flawed. In an editorial entitled “’Dirty oil’ beats bloody oil” today, the Calgary Herald tries to hit back at recent moves (see blog here) that highlight the financial risks of oil sands. The...
Continue reading 'The Flawed Defence of “Dirty Oil”'.
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