Momentum Builds Against Obama Admin Plans To Auction Oil and Gas Drilling Rights In Gulf of Mexico

Hundreds of Gulf Coast residents are expected to join a coalition of environmental and social justice groups on Wednesday to protest outside the Superdome, where the Bureau of Ocean Energy Management (BOEM) intends to auction off leases for offshore oil and gas drilling in the Gulf of Mexico.

Forty-seven organizations sent a letter to President Obama last week calling for him to cancel the planned lease auctions that would release millions of acres in the Gulf of Mexico for oil and gas drilling. The sales include 43 million acres set to be auctioned on Wednesday, and another 47 million acres proposed for auction in 2017. 

Investors Urge Oil Companies to Stress Test Portfolios Against Two Degree Scenario

Earlier this month Bill McKibben wrote that “Across the northern hemisphere, the temperature, if only for a few hours, apparently crossed a line: it was more than two degrees Celsius above “normal” for the first time in recorded history.”

Of course this comes on the heels of February breaking temperature records in such a stunning fashion that it resulted in a comment from NASA climate scientist Gavin Schmidt of simply - “Wow.”  

Seeing as the Paris climate agreement set a goal of limiting global warming to two degrees Celsius above “normal” this would appear to stress the urgency of addressing climate change and ending our dependence on fossil fuels.

That's why many investors in oil companies are now asking the companies to address this reality by stress testing their portfolios against a scenario where the two degree goal is achieved. The only way to achieve this goal is to leave a significant amount of oil company assets “stranded” or “in the ground.”

February's Global Temperature Spike is a Wake-Up Call

By Steve Sherwood, UNSW Australia and Stefan Rahmstorf, Potsdam Institute for Climate Impact Research

Global temperatures for February showed a disturbing and unprecedented upward spike. It was 1.35℃ warmer than the average February during the usual baseline period of 1951-1980, according to NASA data.

This is the largest warm anomaly of any month since records began in 1880. It far exceeds the records set in 2014 and again in 2015 (the first year when the 1℃ mark was breached).

In the same month, Arctic sea ice cover reached its lowest February value ever recorded. And last year carbon dioxide concentration in our atmosphere increased by more than 3 parts per million, another record.

What is going on? Are we facing a climate emergency?

Will Happer Rebrands George C. Marshall Institute As CO2 Coalition

The George C. Marshall Institute (GMI) was a leader in climate denial from 1990 onward, but disbanded in 2015. Its chairman Will Happer and CEO WIlliam O'Keefe rebranded its climate denial effort as the CO2 Coalition, more accurately a CoalOILition.

Of its 18 people, 15 signed Happer's “300 scientists” (sic) letter to help Lamar Smith(R-TX) waste more taxpayer money harassing NOAA. Early analysis of the signers list makes it look even sillier than Happer's 2009 petition to the American Physical Society, as will be seen in a forthcoming detailed post. Oil and coal industry people are well-represented.


Inspired by DeSmog UK's recent exposure of Patrick Moore's work for European coal, this post summarizes known connections of those involved in the CO2 CoalOILition. People were tagged Coal and/or OIL, explained below.1  For example, of 18, five worked directly for Exxon, Shell or the American Petroleum Institute.  Also, 14 have been involved with Heartland ICCC meetings.

DuPont Has Quietly Replaced One Deadly Toxin With Another

In early October 2015, a jury awarded $1.6 million to Carla Bartlett after attorneys presented ample evidence to prove that a kidney tumor that Ms. Bartlett had developed was a result of ingesting a chemical known as C8. The chemical was discharged into the Ohio River by DuPont, and it was used for decades as a chemical in the development of Teflon.
 

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