fossil fuels

Six Months Later: Glasgow University’s Fossil Fuel Divestment Is Only Just Beginning

The campaign for fossil fuel divestment doesn’t end once someone agrees to divest, Sophie Baumert, coordinator of the Glasgow University Climate Action Society, tells DeSmog UK.

Glasgow University was the first academic institution in Europe to announce it would divest from the fossil fuel industry over the next 10 years. Its landmark decision was heralded as “a dramatic beachhead for the divestment movement” by American environmentalist Bill McKibben and has inspired universities across Britain and Europe to follow suit.

But six months later, the university is still mulling the decision. It has yet to begin divesting its £18m-worth of fossil fuel investments in companies including Shell, BP, Chevron and Centrica.

Will New Mexico Double Down On Dirty Energy?

The future of energy development in New Mexico’s Four Corners region is at a crossroads. The San Juan Generating Plant is slated to shut down half of its coal-burning capacity in 2017 and a new energy replacement plan must be decided upon.

The Four Corners, where New Mexico, Arizona, Colorado, and Utah intersect, was dubbed a national energy sacrifice zone in a report by the National Academy of Sciences during the Nixon Administration. The area has been mined for coal and uranium and drilled for oil and gas for decades.

The Four Corners Generating Station, a coal-fired power plant near the San Juan Generating Plant. ©2015 Julie Dermansky

Fossil Fuel Industry Funds Study That Concludes Fossil Fuel Divestment Is A Bad Idea

As of September 2014, 181 institutions and local governments as well as 656 individual investors representing more than $50 billion in assets had pledged to join the growing fossil fuel divestment movement, which seeks to take investments away from the oil, gas and coal companies that are cooking our atmosphere and reinvest that money in the development of a low-carbon economy.

This has, understandably, caused quite a bit of alarm amongst the fossil fuel set.

Enter Daniel Fischel, chairman and president of economic consulting firm Compass Lexecon, who recently published an op-ed in the Wall Street Journal called “The Feel-Good Folly of Fossil-Fuel Divestment” in which he discussed the findings of a forthcoming report that “indicates that fossil-fuel divestment could significantly harm an investment portfolio.”

Fischel goes out of his way to appear to have the interests of the poor universities called on to divest at heart: “Every bit of economic and quantitative evidence available to us today shows that the only entities punished under a fossil-fuel divestment regime are the schools actually doing the divesting,” he concludes.

You had to get past the WSJ’s paywall and then read to the bottom of the piece before you got to the most salient point: “The report discussed in this op-ed, ‘Fossil Fuel Divestment: A Costly and Ineffective Investment Strategy,’ was financed by the Independent Petroleum Association of America.”

Obama’s Secret Anti-Environmental Agenda: Ring Of Fire Features DeSmog On Obama Policies That Fly In The Face Of Climate Legacy

The new Republican majority in the Senate was just a few hours old when Mitch McConnell vowed to pass legislation that would greenlight the Keystone XL tar sands pipeline, despite President Obama’s veto threat.

That’s just one of the many domestic actions that would undermine efforts by the Obama Administration to rein in greenhouse gas emissions and promote clean energy. But the thing is, Obama himself regularly supports policies that are at odds with his purported climate legacy, like the recent news that his administration is quietly allowing oil companies to skirt the crude oil export ban.

An all-star cast of DeSmog experts—including DeSmog Canada managing editor Carol Linnitt, DeSmogBlog executive director Brendan DeMelle and DeSmog contributor Justin Mikulka—recently joined Farron Cousins on Ring of Fire Radio to discuss “Obama’s Secret Anti-Environmental Agenda.” Watch it here:

Obama Vows To Fight For Climate Policies In State Of The Union But What He Didn’t Mention Was Just As Telling

President Barack Obama could not have signaled more clearly in his 2015 State of the Union address that he intends to fight for his legacy on climate change in the face of a hostile, anti-science GOP-led House and Senate.

But it was what the President didn’t mention that could negate his climate legacy: free trade deals like the Trans Pacific Partnership that undermine local efforts to lower emissions, projects like Keystone XL that lock us into decades of continued dirty energy use, and the exporting of American-made coal, crude oil and natural gas to overseas markets.

Which is not to say that every policy position Obama laid out regarding energy and the environment entirely matched his lofty rhetoric about climate change.

Top 5 Clean Energy Revolution Stories of 2014

The steady march of renewable energy, primarily wind and solar, toward mainstream usage continued apace in 2014.

Here are the top 5 clean energy revolution stories in the U.S. this year:

Convenient Conspiracy: How Vivian Krause Became the Poster Child for Canada’s Anti-Environment Crusade

Vivian Krause The Province

Today Vivian Krause published an opinion piece in The Province claiming “a vote for Vision is a vote for U.S. oil interests.” So, you might be wondering: just who is Vivian Krause? We’re so glad you asked…

An essential component of all public relations campaigns is having the right messenger— a credible, impassioned champion of your cause.

While many PR pushes fail to get off the ground, those that really catch on — the ones that gain political attention and result in debates and senate inquiries — almost always have precisely the right poster child.

And in the federal government and oil industry’s plight to discredit environmental groups, the perfect poster child just so happens to be Vivian Krause.

The EU’s New Climate Commitments Make Canada and the U.S. Look Ridiculous

connie hedegaard, climate change, EU

The European Union has reached a new legally-binding climate change agreement that would see greenhouse gas emissions drop by at least 40 per cent of 1990 levels by 2030.

The agreement, signed off in Brussels two weeks ago by the EU’s 28 member nations, is designed to ensure Europe meets its objective of cutting emissions by at least 80 per cent by mid-century.

It also puts Europe in the lead position to help persuade other nations trailing far behind the EU’s emissions-reduction goals to reach a long-sought global climate change accord next year in Paris.

The 2030 climate and energy plan also calls for the share of renewable energy to increase to 27 per cent of 1990 levels while seeing a 27 per cent increase in energy efficiency.

In an official statement, European Commission President José Manuel Barroso said the 2030 package is very good news for the fight against climate change.

In Starkest Warning Yet, IPCC Calls on Politicians To Rapidly Transition to Renewables to Avoid Climate Disaster

In its starkest warning yet about the challenges facing humanity, the Intergovernmental Panel on Climate Change said Sunday humans are responsible for all of the planet’s warming since 1951.

The Fifth Assessment Report by the Intergovernmental Panel on Climate Change includes a strict carbon budget for governments for the first time. More than two-thirds of that carbon budget has already been used up and at current rates the world would burn through the rest in less than 30 years, the panel warned.

With this latest report, science has spoken yet again and with much more clarity. Time is not on our side,” said UN Secretary-General Ban Ki-moon. “Leaders must act.”

For the best chance of avoiding severe levels of warming, governments will need to peak emissions, rapidly phase fossil fuels down to zero and transition to 100 per cent renewable energy, the report said.

This transition is not only possible, but economically viable, according to the IPCC. Since 2007, clean energy costs have dropped dramatically and continuing down a path of investing in renewable energy will be cheaper than paying a growing bill for “severe, pervasive, and irreversible impacts.”

The report sets governments a clear choice: “Either put policies in place to achieve this essential shift, or they can spend the rest of their careers dealing with climate disaster after climate disaster.”

DeSmogCAST Episode 1 Drilling Down: Fracking, Lobbying and the U.S. Midterm Elections

This week DeSmog is launching its inaugural episode of DeSmogCAST, a weekly newscast featuring our writers, experts and invited guests. Each week we’ll discuss breaking stories and engage in analysis of politics, energy and environment issues in the U.S., Canada and around the world.

In this episode, hosted by DeSmog contributor Farron Cousins, our team discusses Steve Horn’s recent story on the new Post Carbon Institute report that calls into question the viability of forecasts for oil and gas production via fracking.

A Horn explains, “if you look at this report it second guesses a lot of the estimates put out by the Energy Information Agency in the States.”

There’s a concept called the drilling treadmill in industry: you have to drill more and more just to maintain productivity. Which means all the things we know about, water contamination, climate change impact, on a county by county basis across the U.S. those happen all over the place just so industry can maintain flat levels of production.”

It’s a story of false premises,” Horn adds.


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