ccs coal

Six Commitments Missing From the Oil and Gas Major’s Climate Declaration

Major fossil fuel companies have today released a Joint Collaborative Declaration under the Oil & Gas Climate Initiative (OGCI) recognising the need to limit global average temperature rise to 2⁰C. Launched in Paris this morning, they are calling for an “effective climate change agreement at COP21”.

In the declaration, ten oil and gas giants call for “widespread and effective pricing of carbon emissions”. Signatories include the CEOs of Total, Statoil, BP, Shell, BG Group, Saudi Aramco, Pemex, Sinopec, Eni, Reliance, and Repsol.

The companies also back natural gas as a cleaner alternative to coal and want to see more research and development into renewables and carbon capture and storage.  However, the declaration has been criticised for lacking concrete targets.

The True Cost Of Coal - Up To A Half Trillion Dollars Per Year

Update: Here is the Epstein paper:”Full cost accounting for the life cycle of coal.” [PDF]

Dr. Paul Epstein from the Center for Health and the Global Environment at Harvard’s Medical School has written an article set for publication this month in the Annals of the New York Academy of Sciences quantifying the true costs of coal in terms of economic, health and environmental impacts.

Dr. Epstein’s study details how each stage of coal’s life cycle (extraction, transportation, processing, and combustion) has enormous costs, all of which are directly borne by the public. Notably, the report estimates some $74.6 billion a year in public health costs for Appalachian communities, mainly from increasing healthcare burdens, injury and death.

Beyond the direct health damage coal extraction and burning has on communities, the American public is paying $187.5 billion due to air pollutants, $29.3 billion for mercury poisoning, and anywhere between $61.7 and $205.8 billion for global warming emissions.

Top coal CEO isn't buying the techno-hope of carbon capture and storage

One of the most compelling chapters in the PBS Frontline 2-hour special on global warming that aired earlier this week was the segment on America’s Addiction to Coal. PBS dives headfirst into the myth of clean coal and pretty much tears it apart using something we  don’t often see these days when it come US energy issues: facts.

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