Posted on July 14th, 2012 No comments
Rex Tillerson, Chief Executive Officer of ExxonMobil, was recently invited to talk to the Council on Foreign Relations in the United States of America, as part of their series on CEOs.
His “on the record” briefing was uploaded to YouTube almost immediately as he made a number of very interesting comments.
The thing most commented upon was his handwaving away the significance of climate change – a little change here, a little change over there and you could almost see the traditional magician’s fez here – shazam – nothing to worry about.
In amongst all the online furore about this, was discussion of his continued Membership of the Church of Oil Cornucopia – he must have mentioned the word “technology” about seventy-five times in fifteen minutes. He clearly believes, as do his shareholders and management board, that his oil company can continue to get progressively more of the black stuff out of tar sands, oil shales or oil-bearing shale sediments and ever-tighter locked-in not naturally outgassing “natural” gas out of gas shales. At least in Northern America.
As numerous commentators with a background in Economics have claimed, well, the price of oil is rising, and that creates a market for dirtier, harder-to-reach oil. Obviously. But missing from their Law of Supply and Demand is an analysis of how oil prices are actually determined in the real world. It’s certainly not a free market – there are numerous factors that control the price of the end-product, gasoline, not least state sponsorship of industries, either through direct subsidies, or through the support of dependent industries such as car manufacture. At least in North America.
In the background, there is ongoing shuttle diplomacy between the major western economies and the assortment of regimes in the Middle East and North Africa (MENA) who still have the world’s largest pool of cleaner-ish petroleum under their feet. That, naturally, has an impact on supply and pricing : even though the strength of this bonding is not as tight-fast as it historically was, there appears to have been more of it since around 2005. Or at least, that’s when I first started monitoring it consciously.
In addition to that, there are only a limited number of players in the oil industry. It is almost impossible to break into the sector without an obscene amount of capital, and exceedingly good buddy-type relationships with everybody else in the field – including sheikhs you formerly knew from when you attended specialty schools. So, no, the market in oil is not free in any sense. It is rigged – if you’ll excuse the pun.
And then there’s foundational reasons why oil prices are artificial – and may not cause a boom in the “unconventional” production that Rex Tillerson is so excited about (in a rancher-down-the-farm kind of way). Oil is still fundamental to the global economy. In fact, the price of oil underpins most business, as oil is still dominant in the transportation of goods and commodities. Despite all the techno-wizardry, it is fundamentally more costly to drill for fossil fuels in shale, than from pressure wells where oil just gloops out of the ground if you stick a pipe in.
It’s not the drilling that’s the major factor – so the technology is not the main driver of the cost. It’s the put-up, take-down costs – the costs of erecting the infrastructure for a well, or putting underground shale heating or fracturing equipment in place, and the cleaning up afterwards. Some of the technologies used to mine shales for oil use an incredible amount of water, and this all needs to be processed, unless you don’t mind desecrating large swathes of sub-tropical scenery. Or Canada.
The price of oil production has a knock-on effect, including on the very markets that underpin oil production – so increasing oil prices have a cyclic forcing effect – upwards. It also has an impact on the prices of other essential things, such as food. One can see a parallel rise in the price of oil and the price of staple crops in the last few years – and the spiralling cost of grain wheat, rice and corn maize is not all down to climate change.
Oil companies are in a quandary – they need to have higher oil prices to justify their unconventional oil operations – and they also need good relationships with governments, who know they cannot get re-elected if too many people blame them for rising costs of living. Plus, there’s the global security factor – several dozen countries already have economies close to bust because of the cost of oil imports. There are many reasons to keep oil prices depressed.
Let’s ask that subtle, delicate question : why did Rex Tillerson espouse the attitudes he did when asked to go on the record ? Why belittle the effects of climate change ? The answer is partly to soothe the minds of American investors, (and MENA investors in America). If such a powerful player in the energy sector believes “we can adapt to that” about climate change, clearly behind-the-scenes he will be lobbying against excessive carbon pricing or taxation with the American federal administration.
And why be so confident that technology can keep the oil flowing, and make up for the cracks appearing in conventional supply chains by a frenzy of shale works ? Well, logically, he’s got to encourage shareholder confidence, and also government confidence, that his industry can continue to deliver. But, let’s just surmise that before he was shunted onto the stage in June, he’d had a little pre-briefing with some government officials. They would be advising him to show high levels of satisfaction with unconventional oil production growth (in America) – after all, this would act against the rollercoaster of panic buying and panic selling in futures contracts that has hit the oil markets in recent months.
So Rex Tillerson is pushed awkwardly to centre stage. Global production of oil ? No problem ! It’s at record highs (if we massage the data), and likely to get even better. At least in America. For a while. But hey, there’s no chance of oil production declining – it’s important to stress that. If everyone can be convinced to believe that there’s a veritable river of oil, for the forseeable future, then oil prices will stay reasonable, and we can all carry on as we are. Nothing will crash or burn. Except the climate.
Rex Tillerson’s interview on global (American) oil production may have been used to achieve several propaganda aims – but the key one, it seems to me, was to talk down the price of oil. Of course, this will have a knock-on effect on how much unconventional oil is affordable and accessible, and maybe precipitate a real peak in oil production – just the thing he’s denying. But keeping the price of oil within a reasonable operating range is more important than Rex Tillerson’s impact on the American Presidential elections, or even Rex Tillerson’s legacy.Bait & Switch, Big Picture, Burning Money, Carbon Commodities, Carbon Pricing, Carbon Taxatious, Climate Change, Conflict of Interest, Corporate Pressure, Delay and Deny, Demoticratica, Disturbing Trends, Divide & Rule, Dreamworld Economics, Emissions Impossible, Energy Insecurity, Engineering Marvel, Environmental Howzat, Feed the World, Financiers of the Apocalypse, Food Insecurity, Foreign Interference, Foreign Investment, Fossilised Fuels, Freemarketeering, Gamechanger, Growth Paradigm, Hydrocarbon Hegemony, Landslide, Mass Propaganda, Media, Near-Natural Disaster, No Blood For Oil, Not In My Name, Nudge & Budge, Obamawatch, Paradigm Shapeshifter, Peak Oil, Policy Warfare, Political Nightmare, Price Control, Public Relations, Pure Hollywood, Resource Wards, Revolving Door, Shale Game, Sustainable Deferment, Tarred Sands, Technofix, Technological Fallacy, Technological Sideshow, Technomess, The Myth of Innovation, The Power of Intention, The Price of Oil, Toxic Hazard, Unconventional Foul, Ungreen Development, Unnatural Gas, Vote Loser, Water Wars, Western Hedge
Posted on July 7th, 2012 1 comment
My electronic mail inbox and Twitter “social media” timeline are full of people sparking and foaming about George Monbiot’s latest kow-tow to American academia. Apparently, he has discarded the evidence of many, many researchers, energy engineers and market players and poured luke-warm, regurgitated scorn on the evidence and inevitability of “Peak Oil”.
The level of agitation contradicting his stance has reached a new peak – in fact, I think I might claim this as “Peak Agitation”.
Here is just one example from Paul Mobbs, author of “Energy Beyond Oil”, and a multi-talented, multi-sectoral educator and researcher.
I initially read it in my inbox and nearly fell of my chair gobsmacked. When I had recovered from being astonished, and asked Mobbsey if I could quote him, perhaps anonymously, he wrote back :-
“No, you can quite clearly and boldly attach my name and email address to it ! And perhaps ask George for a response ?”
Sadly, George Monbiot appears to have jammed his thumbs in his ears as regards my commentary, so he is very unlikely to read this or become aware of the strength of opposition to his new positioning. But anyway – here’s for what’s it’s worth (and when it comes from Paul Mobbs, it’s worth a great deal) :-
Re: Peak oil – we were wrong. When the facts change we must change.
I’ve sat patiently through the various emails between you all — mainly to
take soundings of where you’re all at on this matter. In addition, over the
last few days I’ve separately received four dozen or so emails all asking
to “take on” Monbiot. I wasn’t going to reply because I’ve so many more
pressing matters to take care of, but given the weight of demands I can’t
I don’t see any point in “taking on” Monbiot; the points he raises, and the
debate that he has initiated, are so off beam compared to the basis of the
issues involved that it there’s no point proceeding along that line of
thought. You can’t answer a question if the question itself is not
Let’s get one thing straight — present economic difficulties are not simply
to do with “oil”, but with the more general issue of “limits to growth”.
That’s a complex interaction of resource production, thermodynamics,
technology, and relating all of these together, economic theory. Reducing
this just to an issue of oil or carbon will fail to answer why the trends
we see emerging today are taking place. Instead we have to look towards a
process which sees energy, resources, technology and human economics as a
The problem with this whole debate is that those involved — Monbiot
included — only have the vaguest understanding of how resource depletion
interacts with the human economy. And in a similar way, the wider
environment movement has been wholly compromised by its failure to engage
with the debate over ecological limits as part of their promotion of
alternative lifestyles. Unless you are prepared to adapt to the reality of
what the “limits” issues portends for the human economy, you’re not going
to make any progress on this matter.
Monbiot’s greatest mistake is to try and associate peak oil and climate
change. They are wholly different issues. In fact, over the last few years,
one of the greatest mistakes by the environment movement generally (and
Monbiot is an exemplar of this) has been to reduce all issues to one
metric/indicator — carbon. This “carbonism” has distorted the nature of
the debate over human development/progress, and in the process the
“business as usual” fossil-fuelled supertanker has been allowed to thunder
on regardless because solving carbon emissions is a fundamentally different
type of problem to solving the issue of resource/energy depletion.
Carbon emissions are a secondary effect of economic activity. It is
incidental to the economic process, even when measures such as carbon
markets are applied. Provided we’re not worried about the cost, we can use
technological measures to abate emissions — and government/industry have
used this as a filibuster to market a technological agenda in response and
thus ignore the basic incompatibility of economic growth with the
ecological limits of the Earth’s biosphere. As far as I am concerned, many
in mainstream environmentalism have been complicit in that process; and
have failed to provide the example and leadership necessary to initiate a
debate on the true alternatives to yet more intense/complex
industrialisation and globalisation.
In contrast, physical energy supply is different because it’s a prerequisite
of economic growth — you can’t have economic activity without a
qualitatively sufficient energy supply (yes, the “quality” of the energy is
just as important as the physical scale of supply). About half of all
growth is the value of new energy supply added to the economy, and another
fifth is the result of energy efficiency — the traditional measures of
capital and labour respectively make up a tenth and fifth of growth. As yet
mainstream economic theory refuses to internalise the issue of energy
quality, and the effect of falling energy/resource returns, even though this
is demonstrably one of the failing aspects of our current economic model
(debt is the other, and that’s an even more complex matter to explore if
we’re looking at inter-generational effects).
The fact that all commodity prices have been rising along with growth for
the past decade — a phenomena directly related to the human system hitting
the “limits to growth” — is one of the major factors driving current
economic difficulties. Arguably we’ve been hitting the “limits” since the
late 70s. The difficulty in explaining that on a political stage is that
we’re talking about processes which operate over decades and centuries, not
over campaign cycles or political terms of office. As a result, due to the
impatience of the modern political/media agenda, the political debate over
limits has suffered because commentators always take too short-term a
viewpoint. Monbiot’s recent conversion on nuclear and peak oil is such an
example, and is at the heart of the report Monbiot cites in justification of
his views — a report, not coincidentally, written by a long-term opponent
of peak oil theory, working for lobby groups who promote business-as-usual
solutions to ecological issues.
Likewise, because the neo-classical economists who advise governments and
corporations don’t believe in the concept of “limits”, the measures they’ve
adopted to try and solve the problem (e.g. quantitative easing) are not
helping the problem, but merely forestall the inevitable collapse. For
example, we can’t borrow money today to spur a recovery if there will be
insufficient growth in the future to pay for that debt. Basically, whilst you
may theoretically borrow money from your grandchildren, you can’t borrow
the energy that future economic growth requires to generate that money if
it doesn’t exist to be used at that future date. Perhaps more perversely, a
large proportion of the economic actors who have expressed support for
limits are not advocating ecological solutions to the problem, they’re
cashing-in by trying to advise people how to make money out of economic
Carbon emissions and resource depletion are a function of economic growth.
There is an absolute correlation between growth and carbon emissions. I
don’t just mean that emissions and the rate of depletion fall during
recessions — and thus “recessions are good for the environment”. If you
look at the rate of growth in emissions over the last 50 years, the change
in energy prices has a correlation to changes in carbon emissions as the
price of fuel influences economic activity. That’s why carbon emissions
broke with their historic trend, halving their previous growth rate, after
the oil crisis of the 1970s; and why they then rebounded as energy prices
fell during the 90s.
The idea that we can “decarbonise” the economy and continue just as before
is fundamentally flawed. I know some of you will scream and howl at this
idea, but if you look at the research on the interaction between energy and
economic productivity there is no other conclusion. Due to their high
energy density and relative ease of use, all fossil fuels have an economic
advantage over all the alternatives. That said, as conventional oil and gas
deplete, and “unconventional” sources with far lower energy returns are
brought into the market, that differential is decreasing — but we won’t
reach general parity with renewables for another decade or two.
Note also this has nothing to do with subsidies, or industrial power –
it’s a basic physical fact that the energy density of renewables is lower
than the historic value of fossil fuels. On a level playing field, renewable
energy costs more and has a lower return on investment than fossil fuels.
We do have the technology to develop a predominantly renewable human
economy, but the economic basis of such a system will be wholly different to
that we live within today. Unless you are prepared to reform the economic
process alongside changing the resource base of society, we’ll never
see any realistic change because all such “ecological” viewpoints are
inconsistent with the values at the heart of modern capitalism (that’s not
a political point either, it’s just a fact based upon how these systems
must operate). E.g., when the Mail/Telegraph trumpet that more wind power
will cost more and lower growth/competitiveness, they’re right — but the
issue here is not the facts about wind, it’s that the theory/expectation of
continued growth, which they are measuring the performance of wind against,
is itself no longer supported by the physical fundamentals of the human
The present problem is not simply “peak oil”. Even if volumetric production
remained constant, due to the falling level of energy return on investment
of all fossil fuels the effects of rising prices and falling systemic
efficiency will still disrupt the economic cycle (albeit at a slower rate
than when it is tied to a simultaneous volumetric reduction). Allied to the
problems with the supply of many industrial minerals, especially the
minerals which are key to the latest energy and industrial process/energy
technologies (e.g. rare earths, indium, gallium, etc.), what we have is a
recipe for a general systems failure in the operation of the human system.
And again, that’s not related to climate change, or simple lack of energy,
but because of the systemic complexity of modern human society, and what
happens to any complex system when it is perturbed by external factors.
The worst thing which can happen right now — even if it were possible,
which is entirely doubtful — would be a “return to growth”. The idea of
“green growth”, within the norms of neo-classical economics, is even more
fallacious due to the differing thermodynamic factors driving that system.
Instead what we have to concentrate upon is changing the political economy
of the human system to internalise the issue of limits. At present, apart
from a few scientists and green economists on the sidelines, no one is
seriously putting that point of view — not even the Green Party. And as I
perceive it from talking to people about this for the last 12 years, that’s
for a very simple reason… it’s not what people, especially the political
establishment, want to hear.
Rio+20 was an absolute failure. In fact what annoyed me the most was that
the media kept talking about the “second” Rio conference, when in fact it
was the third UNCED conference in the Stockholm conference in ’72. If you
contrast 1972 with 2012, the results of this years deliberations were worse
than the policies sketched out in the 70s ! Seriously, the environment
movement is being trounced, and as I see it that’s because they have lost
the intellectual and theoretical rigour that it possessed in the 70s and
80s. Rather than having a clear alternative vision, what they promote is
“the same but different”. Once environmentalism became a media campaign
about differing consumption options, rather than an absolute framework for
evaluating the effects of consumption, it lost its ability to dictate the
agenda — because its the ability to look forward and observe/anticipate
trends unfolding, however unwelcome those truths might be, which gives
groups political power.
Politicians have lost control of the economy because their materialist
ambitions no longer fit to the extant reality of the economic process. This
outcome was foreseen over 40 years ago by economists like Georgescu-Roegen
and Boulding but ignored, even amongst many liberals and especially the
left, for political reasons. These same principles, based around the issue
of limits, were also the founding reality of the modern environment
movement — but over the last 20 years the movement has lost this basic
grounding in physics and economics as it has moved towards an
aspirationally materialist agenda (green consumerism/sustainable
Unless you’re prepared to talk about limits to growth, and the fact that
the economic theories developed over two centuries of unconstrained
expansion now have no relevance to a system constrained by physical limits,
then you will not solve this problem. Just as with Monbiot’s “change” on
the issue of nuclear, his failure is a matter of basic theory and
methodological frameworks, not of facts or data. Unfortunately people keep
throwing data at each other without considering that the framework within
which those facts are considered and understood has changed, and that
consequently their conclusions may not be correct; and until the movement
accepts that the rules governing the system have changed we’ll not make
progress in advancing viable solutions.
To conclude then, Monbiot’s mistake isn’t about peak oil, or climate
change, it’s a failure to internalise the physical realities of the
“limits” now driving the human system. Unless you consider the interaction
of energy, economics and pollution, any abstractions you draw about each of
those factors individually will fail to tell you how the system as a whole
is functioning. Those limits might dictate the end of “growth economics”,
but they DO NOT dictate the end of “human development”. There are many ways
we can address our present economic and environmental difficulties, but that
cannot take place unless we accept that changing our material ambitions is
a prerequisite of that process.
Let’s be clear here. The principles which drive the economy today would be
wholly alien to Adam Smith, John Stuart Mill and others who first laid down
the rules of the system two centuries ago. Likewise Marxism and similarly
derived ideas have no validity either because they were generated during an
era when there were no constraining limits. There is no “going back” to
previous theories/ideologies on this issue because we face a scenario today
which humans society — with the exception of those ancient societies who
experienced ecological overshoot (Rome, Mayans, Easter Islanders, etc.) –
have never had to face before.
We have to move forward, to evaluate and understand is the role of
ecological limits within the future human economic process and how this
changes our advocacy of “solutions”. That debate should be at the heart of
the environment movement, and the issue of limits should lead all
discussions about all environmental issues — not green/sustainable
consumerism and other measures which seek to reassure and pacify affluent
consumers. That said, especially given the demographic skew within
membership of the environment movement, we have to begin by being honest
with ourselves in accepting the “limits agenda” and what it means for the
make-up of our own lives.
In the final analysis, you cannot be an environmentalist unless you accept
and promote the idea of limits. That was at the heart of the movement from
the early 70s, and if we want to present a viable alternative to disaster
capitalism then that is once again what we must develop and promote as an
Peace ‘n love ‘n’ home made hummus,
“We are not for names, nor men, nor titles of Government,
nor are we for this party nor against the other but we are
for justice and mercy and truth and peace and true freedom,
that these may be exalted in our nation, and that goodness,
righteousness, meekness, temperance, peace and unity with
God, and with one another, that these things may abound.”
(Edward Burrough, 1659 – from ‘Quaker Faith and Practice’)
Paul’s book, “Energy Beyond Oil”, is out now!
For details see http://www.fraw.org.uk/mei/ebo/
Read my ‘essay’ weblog, “Ecolonomics”, at:
Paul Mobbs, Mobbs’ Environmental Investigations
email – email@example.com
website – http://www.fraw.org.uk/mei/index.shtmlAcademic Freedom, Advertise Freely, Bait & Switch, Be Prepared, Big Picture, Big Society, Carbon Army, Carbon Capture, Climate Change, Conflict of Interest, Contraction & Convergence, Corporate Pressure, Dead End, Dead Zone, Deal Breakers, Delay and Deny, Demoticratica, Disturbing Trends, Divide & Rule, Dreamworld Economics, Emissions Impossible, Energy Change, Energy Denial, Energy Insecurity, Energy Revival, Financiers of the Apocalypse, Fossilised Fuels, Freemarketeering, Gamechanger, Global Warming, Green Investment, Growth Paradigm, Human Nurture, Hydrocarbon Hegemony, Incalculable Disaster, Landslide, Libertarian Liberalism, Low Carbon Life, Major Shift, Mass Propaganda, Media, National Energy, National Power, Neverending Disaster, No Blood For Oil, No Pressure, Not In My Name, Optimistic Generation, Paradigm Shapeshifter, Peak Emissions, Peak Energy, Peak Oil, Petrolheads, Policy Warfare, Political Nightmare, Protest & Survive, Realistic Models, Regulatory Ultimatum, Renewable Resource, Revolving Door, Social Capital, Social Change, Social Chaos, Solution City, Stirring Stuff, Sustainable Deferment, The Data, The Power of Intention, The War on Error, Wasted Resource, Western Hedge
Posted on December 5th, 2011 3 commentsAdvertise Freely, Bad Science, Bait & Switch, Big Picture, Big Society, Climate Change, Climate Chaos, Conflict of Interest, Corporate Pressure, Dead End, Delay and Deny, Demoticratica, Direction of Travel, Disturbing Trends, Divide & Rule, Drive Train, Emissions Impossible, Energy Disenfranchisement, Energy Insecurity, Energy Nix, Energy Revival, Engineering Marvel, Evil Opposition, Fair Balance, Freemarketeering, Global Warming, Hide the Incline, Human Nurture, Incalculable Disaster, Landslide, Major Shift, Mass Propaganda, Media, Money Sings, Mudslide, No Pressure, Non-Science, Nudge & Budge, Paradigm Shapeshifter, Public Relations, Realistic Models, Science Rules, Scientific Fallacy, Social Capital, Social Change, Social Chaos, Social Democracy, Solution City, Sustainable Deferment, Technofix, Technological Fallacy, Technological Sideshow, The Data, The Myth of Innovation, The Power of Intention, The War on Error
Posted on October 25th, 2011 No commentsClimate Change, Conflict of Interest, Corporate Pressure, Deal Breakers, Demoticratica, Disturbing Trends, Divide & Rule, Energy Change, Energy Insecurity, Energy Revival, Fair Balance, Fossilised Fuels, Green Investment, Green Power, Growth Paradigm, Landslide, Mass Propaganda, Media, Money Sings, National Energy, National Power, Peak Energy, Peak Oil, Petrolheads, Policy Warfare, Political Nightmare, Protest & Survive, Public Relations, Regulatory Ultimatum, Social Capital, Social Change, Solution City, Stirring Stuff, Sustainable Deferment, The War on Error, Vote Loser
Posted on September 17th, 2011 1 comment
When do micro-seismic events add up to earthquakes ? Landslips ? Tsunamis ? Who really knows ? These are just a few questions amongst many about underground mining techniques that will probably never be properly answered. Several mini-quakes were suggested to be responsible for the shutdown of Cuadrilla’s activities in Blackpool, north west England early in 2011, and there have been unconfirmed links between tremors and fracking in the United States of America, where unconventional gas is heavily mined.
It is perhaps too easy to sow doubt about the disbenefits of exploding rock formations by pressure injection to release valuable energy gases – many legislative and public consultation hurdles have been knocked down by the merest flick of the public relations wrist of the unconventional fossil gas industry (and its academic and consultancy friends).
The potential to damage the structure of the Earth’s crust may be the least attributable and least accountable of hydraulic fracturing’s suspected disadvantages, but it could be the most significant in the long run. Science being conducted into the impact on crust stability from fracking and other well injection techniques could rule out a wide range of geoengineering on safety grounds, such as Carbon Capture and Storage proposals. If we can’t safely pump carbon dioxide underground, we should really revise our projections on emissions reductions from carbon capture.
[ Camp Frack is under canvas in Lancashire protesting about the imposition of hydraulic fracturing on the United Kingdom. ]Bait & Switch, Big Picture, Carbon Capture, Conflict of Interest, Corporate Pressure, Cost Effective, Dead End, Demoticratica, Disturbing Trends, Earthquake, Energy Change, Energy Insecurity, Engineering Marvel, Environmental Howzat, Foreign Investment, Fossilised Fuels, Freshwater Stress, Gamechanger, Geogingerneering, Hydrocarbon Hegemony, Incalculable Disaster, Landslide, Mass Propaganda, Methane Management, National Energy, Peak Emissions, Peak Energy, Policy Warfare, Political Nightmare, Protest & Survive, Public Relations, Realistic Models, Regulatory Ultimatum, Screaming Panic, Technological Fallacy, Technomess, Toxic Hazard, Tsunami, Unconventional Foul, Unnatural Gas, Western Hedge
Posted on January 13th, 2011 No comments
Posted on October 26th, 2010 No comments
The Stop Climate Chaos coalition meet tomorrow to present and hear suggestions on Climate Change campaigning in 2011.
How are we going to make it zoom, people ?
From some of my project work with faith groups, I had this suggestion to make :-
Alliance with Ethical Investment groups
“Put your money where your mouth is”
Following on from the Church of England selling its shares in Vedanta :-
it was hoped that the Church of England investment portfolio would continue to be “cleaned up”. But there appears to be a long way to travel.
The Anglican Communion worldwide includes environmental protection as its “Fifth Mark of Mission”, and the Church of England is part of the international interfaith “seven year plans” :-
but the Church Commissioners report in the last year has confirmed that the Church of England still holds shares in companies such as BP, responsible for ecological devastation of the Gulf of Mexico :-
Groups such as the Alliance of Religions and Conservation, the Ecumenical Council for Corporate Responsibility and National Ethical Investment Week are all active in encouraging communities to put their money where their mouth is – and the faith communities have a very large amount to play with :-
With the launch of the Green Investment Bank – even though severely under-capitalised – there is a chance to tie up the questions to the answers.
If every consumer choice were a green choice, there would be no environmental problem. The only way to reach that point is for every contract, every stock and share, every procurement order, every transport vehicle, every energy source and every material resource to be green.
The choices that companies make in the business they conduct is based on the premise that people want what they sell so much they are prepared to invest directly in them as well as buy their products.
There are several levers for change here. Investment, such as pension funds, if moved in bulk, can have a de-securitisation effect on unsustainable business models. Not so much a “boycott” as a “landslide” of change.
The faith communities have already proved that they can change international commerce with the Fair Trade movement. Now it’s time for the Green Investment movement.
Big Picture, Climate Change, Corporate Pressure, Energy Change, Energy Revival, Faithful God, Feel Gooder, Financiers of the Apocalypse, Global Warming, Green Investment, Growth Paradigm, Landslide, Low Carbon Life, Major Shift, Money Sings, No Pressure, Optimistic Generation, Protest & Survive, Public Relations, Social Change Big Climate Connection, C of E, campaigning, Christianity, Church of England, ethical investment, Faith, Faith Communities, green choices, green consumer choice, green consumers, green consumption, Green Investment, Green Investment Bank, institutional investors, interfaith, Investment, Pension funds, Religion, religious communities, spiritual response, Stocks and Shares, Stop Climate Chaos
Posted on October 21st, 2010 No comments
Irony alert ? “Typhoons ? They happen all the time. It’s just a little local storm. Nothing to worry about. Happens every season or so. The locals know how to read the warning signs, and head to high ground or build their huts on stilts. Power lines down ? Oh, they’ll be strung back up in no time. And the rice paddies will benefit from all that extra rain.”
Watch out China – here comes Megi :-Be Prepared, Climate Change, Climate Chaos, Disturbing Trends, Eating & Drinking, Extreme Weather, Floodstorm, Food Insecurity, Global Warming, Incalculable Disaster, Landslide, Mudslide, Neverending Disaster, Rainstorm, Screaming Panic, Social Chaos, The Data China, disaster, emergency, Flooding, Juan. Typhoon Megi, Megi, Philippines, Rain, storm, Super Typhoon, Taiwan, The Philippines, Typhoon, Typhoon Juan
Posted on August 10th, 2010 No comments
[ YouTube Credit : The link to the video above comes thanks to the endeavours of that most fair and balanced individual James "no net global warming since 1998" Delingpole. "No net global warming since 1998" ? James ! You're quoting Pat Michaels, but did he perhaps make that up ? Or was it something that Christopher Monckton might have made up ? ]
The BBC puts the blame on Climate Change – almost – in a report on the Russian heatwave-wildfire disaster.
But they just can’t bring themselves to admit it as an organisation – and put the claims into the mouths of others – using quotation marks in the headline (‘partly to blame’) and ascribing the opinion to “researchers”, the “UK Met Office” and “experts” :-
“10 August 2010 : Climate change ‘partly to blame’ for sweltering Moscow : By Katia Moskvitch : Science reporter, BBC News : Global climate change is partly to blame for the abnormally hot and dry weather in Moscow, cloaked in a haze of smoke from wildfires, say researchers. The UK Met Office said there are likely to be more extreme high temperatures in the future. Experts from the environmental group WWF Russia have also linked climate change and hot weather to raging wildfires around the Russian capital. Meteorologists say severe conditions may linger for several more days…”
Well, I’ve got a bit of a question to pose – it might not be possible to ascribe the current weather conditions in Russia (and Pakistan and China and and and…) to Climate Change, statistically. I mean no one weather event can be said to have been caused 100% by Climate Change. But would these extreme weather events have happened without Climate Change ?
That is by far the most important question to ask, and Michael Tobis does just that :-
“…Are the current events in Russia “because of” “global warming”? To put the question in slightly more formal terms, are we now looking at something that is no longer a “loading the dice” situation but is a “this would, practically certainly, not have happened without human interference” situation? Can we phrase it more formally? “Is the average time between persistent anomalies on this scale anywhere on earth in the undisturbed holocene climate much greater than a human lifetime?” In other words, is this so weird we would NEVER expect to see it at all?…”Be Prepared, Climate Change, Disturbing Trends, Extreme Weather, Floodstorm, Global Singeing, Global Warming, Heatwave, Incalculable Disaster, Landslide, Media, Mudslide, Realistic Models, Science Rules, Smokestorm, The Data, Wildfire AGW, Anthropogenic Climate Change, Anthropogenic Global Warming, BBC, Beyond Belief Communications, British Broadcasting Corporation, CAGW, Carbon Trading, Catastrophic Anthropgenic Climate Change, Catastrophic Anthropogenic Global Warming, Catastrophic Climate Change, Catastrophic Global Warming, China, Climate Change, Climate Chaos, corrupted science, cosmic rays, cosmological, cosmos, Dangerous Climate Change, Dangerous Global Warming, denial, denier, Electromagnetic, Electromagnetism, Electronmagnetic Radiation, flood, floods, forest fire, Global Warming, gravy train, heatwave, landslide, lunar, lunar cycle, magnetosphere, Moscow, mudslide, Pakistan, Pat Michaels, Patrick Michaels, Piers Corbyn, RT, Russia, Russia Today, sceptic, skeptic, solar, solar cycle, solar magnetism, solar wind, sub sole nihil novi est, Weather Action, Weather Inaction, WeatherAction, WeatherInaction, wildfire, windmills