Many are trying to answer the question of what the UK’s energy and climate change policy might look like if we leave the EU. So, what do those...
On March 27, the Coalition for Environmentally Responsible Economy (CERES) penned a letter calling for an end to the practice, writing,
We are a group of 37 investors, representing $500 billion in total assets, who areconcerned about the financial risks associated with the flaring of natural gas that has accompanied fast-proliferating oil production from shale formations in North Dakota, Texas and elsewhere in the U.S.
We are concerned that excessive flaring, because of its impact on air quality and climate change, poses significant risks for the companies involved, and for the industry at large,ultimately threatening the industry’s license to operate.
As you know, shale oil production, made possible by hydraulic fracturing technology,…is poised to become the world’s largest oil producer in the next five years, with nearly all of this projected growth coming from shale oil. …On a lifecycle basis, emissions from oil produced with high flaring rates may be comparable to those from Canada’s vast oil sands region.
The letter ended by calling for the building up of proper infrastructure, such as pipelines and refineries, in order to push for an eliminiation of the dirty practice. CERES concluded the letter with a firm request, stating, “We therefore are writing to request information about the amount your company is currently flaring, as well as details about your plans to reduce flaring at existing wells and prevent it at future wells.”
- D.SC. (Hon), State University of New York at Albany (1991).
- Post-doc, Statistics, Dartmouth, (1970-71).
- Ph.D., Meteorology, University of Chicago, (1949).
- M.S., Meteorology, University of Chicago, (1945).
- B.S., Meteorology, University of Chicago, (1943).
- Ph.D., Technische Universität Munich (1972).
- “Diplomphysiker,” or Degree in Physics, Technische Universität, Munich, Germany (1970).
Werner Weber is an emeritus professor of physics at the Technical Univeristy of Dortmund. He has done past research with Bell Laboratories, and was a visiting research scientist at AT&T Bell Laboratores in Murray Hill, NJ.
- Ph.D., Chemistry (1974).
- Degree in Chemistry, University of Münster (1974).
IT was an extraordinary response, but then it was an extraordinary video revealing some extraordinary alliances.
Two weeks ago I posted a story on my blog about a YouTube video featuring one of the world’s least media-shy deniers of human-caused climate change - British hereditary peer Lord Christopher Monckton, the third Viscount Monckton of Brenchley*.
In the video, the Viscount was in the boardroom of the Mannkal Economic Education Foundation, a free-market think-tank founded by west Australian mining magnate Ron Manners.
The video had been watched only 130 times when I clapped eyes on it following a Twitter post from journalist Leo Hickman, of the UK’s The Guardian. In the video, posted by Mannkal (but since removed… and then reinstated… but possibly removed again by the time you read this), Lord Monckton suggests a good way to get free-market, climate science-denying views into the mainstream media, is simply to find some “super-rich” backers to buy the mainstream media.
As I watched the video last Tuesday evening, news was just emerging that mining billionaire and Asia’s richest woman, Gina Rinehart, had bought $192 million worth of shares in Fairfax (the publisher of Brisbane Times, The Sydney Morning Herald, The Age and many regional newspapers and city-based radio stations) to take her share in the company to about 14 per cent. To me, these two events were intrinsically linked, and not just because Mr Manners is a personal friend of Ms Rinehart’s.
Joanne Nova holds a Bachelor of Science degree in microbiology from the University of Western Australia. She also has a Graduate Certificate in Science Communications from the Australian National University. 
On January 23, Bloomberg News reported Warren Buffett's Burlington Northern Santa Fe Railway (BNSF), owned by his lucrative holding company Berkshire Hathaway, stands to benefit greatly from President Barack Obama’s recent cancellation of the Keystone XL pipeline.
If built, TransCanada's Keystone XL (KXL) pipeline would carry tar sands crude, or bitumen (“dilbit”) from Alberta, B.C. down to Port Arthur, Texas, where it would be sold on the global export market.
If not built, as revealed recently by DeSmogBlog, the grass is not necessarily greener on the other side, and could include increased levels of ecologically hazardous gas flaring in the Bakken Shale, or else many other pipeline routes moving the prized dilbit to crucial global markets.
Rail is among the most important infrastructure options for ensuring tar sands crude still moves to key global markets, and the industry is pursuing rail actively. But transporting tar sands crude via rail is in many ways a dirtier alternative to the KXL pipeline. “Railroads too present environmental issues. Moving crude on trains produces more global warming gases than a pipeline,” explained Bloomberg.
A key mover and shaker behind the push for more rail shipments is Warren Buffett, known by some as the “Oracle of Omaha” – of “Buffett Tax” fame – and the third richest man in the world, with a net worth of $39 billion. With or without Keystone XL, Warren Buffett stands to profit enormously from multiple aspects of the Alberta Tar Sands project. He also, importantly, maintains close ties with President Barack Obama.