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Fri, 2014-10-10 09:53Sharon Kelly
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A Shift from Fossil Fuels Could Provide $1.8 Trillion in Savings, Two New Reports Conclude

A worldwide transition to low carbon fuels could save the global economy as much as $1.8 trillion over the next two decades, according to two reports published Thursday by the Climate Policy Initiative.

By switching to renewable energy sources, the high costs associated with extracting and transporting coal and gas could be avoided, the reports, titled Moving to a Low Carbon Economy: The Financial Impact of the Low-Carbon Transition, and Moving to a Low Carbon Economy: The Impact of Different Policy Pathways on Fossil Fuel Asset Values, conclude.

This would free up funds to bolster financial support for wind, solar and other renewables – with enormous sums left over, the reports conclude. Following an approach aimed at capping climate change at 2 degrees Celsius will require walking away from massive reserves of fossil fuels, stranding the assets of major corporations, many researchers have warned. The new reports give this issue a closer look, demonstrating that more than half of the assets at risk are actually owned by governments not corporations.

This finding could be double-edged, since that means taxpayer money in many countries is at stake and those governments have the power to establish policies that could promote or repudiate the fossil fuels they control. But the reports' conclusion that trillions could be freed up if governments and private companies abandon those assets could make it easier for governments to leave those fossil fuels in the ground.

Tue, 2014-09-23 05:00Steve Horn
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Peabody Energy Booted From S&P 500, King Coal on the Defensive as Market Signals Industry Decline

King Coal and industry multinational Peabody Energy (BTU) have taken a beating in the markets lately, and it has some executives in the dirty energy industry freaking out

On September 19, Dow Jones removed Peabody Energy from its S&P 500 index, considered a list of the premier U.S. stocks for investors. The St. Louis Post-Dispatch cited the downward trajectory of the company's market capitalization as the rationale behind the ouster of Peabody from the S&P 500 index. Peabody will now join the JV leagues in the S&P MidCap 400.

Peabody's downfall symbolizes ongoing market trends within the coal industry overall.

“The total market value of publicly traded U.S. coal companies has rebounded slightly in recent months, but remains nearly 63% lower than a total of the same companies at a near-term coal market peak in April 2011,” explained SNL Energy in April. 

“A perfect storm of factors, including new federal regulations impacting coal-burning power plants, cheap competing fuels, railroad service issues and weak global markets has kept pressure on a number of coal operators since the industry's 2011 near-term peak.”

A new study published this week by the Carbon Tracker Initiative — best known for its work accounting for a “carbon budget” and unburnable carbon — raises further questions about the future of coal's global market hegemony. It's another blow to the coal industry as the United Nations convenes this week's Climate Summit in New York City to discuss climate disruption, in no small part driven by antiquated coal-fired power plants.

Sun, 2014-08-31 21:53Brendan DeMelle
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DeSmog UK Launches To Combat Climate Denial in Europe Ahead of Paris Climate Talks

A welcome message from DeSmogBlog executive director Brendan DeMelle.

We’re pleased to introduce DeSmog UK, a brand new investigative journalism and research outlet dedicated to clearing the PR pollution that clouds climate science and exposing the individuals and organizations attacking solutions to global warming.

Sun, 2014-08-31 08:00Steve Horn
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Legal Case: White House Argues Against Considering Climate Change on Energy Projects

Just over a month before the United Nations convenes on September 23 in New York City to discuss climate change and activists gather for a week of action, the Obama White House Council on Environmental Quality (CEQ) argued it does not have to offer guidance to federal agencies it coordinates with to consider climate change impacts for energy decisions.

It came just a few weeks before a leaked draft copy of the Intergovernmental Panel on Climate Change's (IPCC) latest assessment said climate disruption could cause “severe, pervasive and irreversible impacts for people and ecosystems.”

Initially filed as a February 2008 petition to CEQ by the International Center for Technology Assessment, the Sierra Club and the Natural Resources Defense Council (NRDC) when George W. Bush still served as President, it had been stalled for years. 

Six and a half years later and another term into the Obama Administration, however, things have finally moved forward. Or backwards, depending on who you ask. 

NEPA and CEQ

The initial February 2008 legal petition issued by the plaintiffs was rather simple: the White House's Council for Environmental Quality (CEQ) should provide guidance to federal agencies it coordinates with to weigh climate change impacts when utilizing the National Environmental Policy Act (NEPA) on energy policy decisions. 

A legal process completely skirted in recent prominent tar sands pipeline cases by both TransCanada and Enbridge, NEPA is referred to by legal scholars as the “Magna Carta” of environmental law.

Magna Carta; Photo Credit: Wikimedia Commons

CEQ oversees major tenets of environmental, energy and climate policy. It often serves as the final arbiter on many major legislative pushes proposed by Congress and federal agencies much in the same way the White House's Office of Information and Regulatory Affairs (OIRA) does for regulatory policy. 

Wed, 2014-04-16 13:09Sharon Kelly
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Study Finds Methane Leaks 1,000 Times EPA Estimates During Marcellus Drilling

This week, a United Nations panel on climate change issued one of its most urgent warnings to date, explaining that unless major changes to greenhouse gas emissions are made within the next few years, it will become extraordinarily difficult to ward off the worst impacts of climate change.

We cannot afford to lose another decade,” Ottmar Edenhofer, a German economist and co-chairman of the committee, told The New York Times

With the time to cut emissions running out, the Obama administration has seized upon the hope that greenhouse gasses can be cut dramatically by switching from coal to natural gas, because gas gives off half as much carbon dioxide as coal when it’s burned. Indeed, when the EPA published its annual greenhouse gas inventory this Tuesday, it credited a switch from coal to natural gas with helping to cut carbon emissions nationwide.

But a new scientific paper, also published Tuesday in the prestigious peer-reviewed journal Proceedings of the Natural Academy of Sciences, further upends the notion that the current shale gas drilling rush is truly helping the U.S. cut its total greenhouse gas emissions.

In fact, the evidence suggests, the Obama administration has understated the full climate impacts of natural gas, focusing too much on only carbon dioxide and failing to take into account another key greenhouse gas: methane.

The paper, the first to directly measure methane plumes above natural gas drilling sites in Pennsylvania’s Marcellus shale, recorded methane leaks far more powerful than EPA estimates. Methane is especially important because its global warming effects are at their strongest during the first 20 years after it enters the atmosphere — in other words, during the small window of time identified as crucial by the U.N.’s climate panel.

Tue, 2013-11-19 10:47Graham Readfearn
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Climate Denial Group CFACT Congratulates Australia During Warsaw Talks

AUSTRALIA finally has a vocal cheerleader at the COP19 United Nations climate talks currently taking place in Warsaw - a climate denial activist think tank which rejects the science of human-caused climate change.

The Committee for a Constructive Tomorrow, or CFACT, a fossil fuel-funded group which denies that emissions from burning fossil fuels cause climate change, declared in a UN-sanctioned press conference inside the talks that the world should be following Australia's lead in repealing laws to price carbon emissions.

Environment groups have been critical of Australia at the talks, giving the country four “Fossil of the Day” awards for slowing down the talks, while one group said Australia is taking an “anti-climate” stance in Warsaw.

Campaigners have been shocked at the rhetoric coming from Australia's Prime Minister Tony Abbott, who recently described carbon pricing as a “so-called market in the non-delivery of an invisible substance to no-one” and characterised moves to financially support developing countries to manage climate change as “socialism masquerading as environmentalism.”

Marc Morano, the editor of the ClimateDepot denial website, appeared Tuesday alongside CFACT executive director Craig Rucker. Morano unleashed a torrent of previously debunked climate denial talking points to a sparsely populated and occasionally perplexed press conference audience.

“Coal is the moral choice, particularly for the developing world,” said Morano in the CFACT Warsaw press conference - a comment greeted with laughter from many in the room. Conference hosts Poland have been criticised for simultaneously hosting a World Coal Association conference elsewhere in Warsaw.

“The model for the world right now should be Australia,” Morano said. “Australia gets it. Scientifically they get it, politically they get it and particularly when it comes to the United Nations, they get it. They are pulling out of this, they are repealing their carbon tax and Canada seems to be intrigued by what Australia is doing.”

“Australia gets it - they have realised what the United Nations is doing here today. Viva Australia - let's hope the world follows Australia's model,” said Morano, who is a former advisor to Republican Senator James Inhofe, who has said global warming is a scientific “hoax”.

Support from CFACT is not the kind of attention which Australia will welcome.

Tue, 2013-04-09 20:52Connor Gibson
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Koch & Exxon-funded Willie Soon Challenged by Students at Climate Denial Event

Crossposted from PolluterWatch.

Rarely do we meet those who have made careers selling us lies. Consider the oddball doctors who took tobacco money to deny a link between cigarette smoking and cancer, or the handful of scientists who take oil and coal money to discredit global warming science, or the people who have done both.

Last week, students in Wisconsin and Michigan stepped up to such an opportunity when CFACT Campus, the student arm of a well-known cabal of fossil fuel apologists, hosted climate change denier Willie Soon at several campus events around the country.

Fri, 2012-12-07 16:02Ben Jervey
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UN Climate Delegates Agree on Something: Geo-engineering Is No Solution

The UN's annual climate meetings wrap up in Doha today, and though the feckless agreements are a “delight to no one,” there is one silver lining. Geo-engineering, that grand, scary global experiment of last resort, won “scant enthusiasm” from the vast majority of participants.

“Let's face it, geo-engineering has a lot of unknowns,” Rajendra Pachauri, chairman of the U.N.'s panel of climate scientists, told Reuters.

Christiana Figueres, head of the U.N. Climate Change Secretariat, agreed, emphasizing the need to focus on actual greenhouse gas emissions reductions and mitigation strategies first. “Let's first use what we know,” said Figueres. “There are so many proven technologies we know exist that are tried and true that have not been used to their maximum potential,” she told Reuters. “To begin with, the simplest is energy efficiency.”

Advocates of geo-engineering strategies – which range from tinkering with the planet, the oceans or the atmosphere itself to force cooling in an effort to combat climate change – claimed a breakthrough in the international negations arena in the Cancun climate talks back in 2010. “The taboo is broken,” Paul Crutzen, a Nobel Prize-winning atmospheric scientist who has published on geo-engineering, then told The Associated Press.

That enthusiasm from 2010 seems to be on the wane as opponents of these strategies – including those at the highest levels of leadership in the U.N.'s climate bodies – highlight just how unproven all of these concepts are. Many advocates of real climate change mitigation are also wary of how rich nations could implement these massive, world-changing engineering efforts, the impacts of which are entirely beyond prediction.

Thu, 2012-11-01 09:43Steve Horn
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Merchants of Doubt Deny Climate Change Connection to Hurricane Sandy

Many serious, thought-provoking post-mortems have ensued in the aftermath of Hurricane Sandy, which recently tore through the heart of the financial capital of the world. The disaster will cost the city roughly $60 billion to repair, according to an Associated Press report

Figures such as New York Gov. Andrew Cuomo, former President Bill Clinton, writer and activist Bill McKibben, environmental reporter Mark Hertsgaard, and numerous others all have connected the dots between the tragedy in New York City and its excerbation at the hands of climate change.  

On the other side of the spectrum, no matter how bad the tragedy, it seems, climate change denial will continue apace by the “merchants of doubt.” Hurricane Sandy was no exception this time around.

Patrick Michaels of the Koch-funded Cato Institute - who recently authored a report described by Greenpeace USA's Connor Gibson as a “Counterfeit Climate Report to Deceive Congress” - denied any connection between climate change and Sandy, going so far as to raise the specter of “global cooling.” 

Tue, 2012-06-19 13:57Ben Jervey
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Senator John Kerry Speaks the Scary, Ugly Truth on Climate Change

There are precious few voices in the U.S. capital these days that are speaking the truth about climate change. Which is what makes Senator John Kerry's speech on the Senate floor today so powerful, and so necessary. 

In his speech, which clocked in at nearly 55 minutes, Senator Kerry attacked a “calculated campaign of disinformation” that, he says, “has steadily beaten back the consensus momentum for action on climate change and replaced it with timidity by proponents in the face of millions of dollars of phony, contrived ‘talking points,’ illogical and wholly unscientific propositions and a general scorn for the truth wrapped in false threats about job loss and tax increase.”

The senator from Massachusetts' words were clearly timed to inject some energy into the Rio+20 meetings of the United Nations Conference on Sustainable Development, which begin in earnest tomorrow and which are struggling to stay relevant during a time when Europe is barely functioning and the U.S. is moving into election season. President Obama's decision not to attend the meetings has many diplomats and activists gathering in Brazil questioning the American committment to climate change and the great global environmental challenges.

Senator Kerry didn't mince words in his talk, calling out the “disgraceful” campaign of climate denial as the “conspiracy” that it is, and also placing some blame on the media for its reluctance or inability to bring reason and truth to the climate conversation.

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