oil supply sigint

John Newman jnn at synfin.org
Tue Dec 13 17:28:10 PST 2016



On December 13, 2016 8:17:13 PM EST, grarpamp <grarpamp at gmail.com> wrote:
>http://motherboard.vice.com/read/divestment-has-pulled-26-trillion-dollars-out-of-the-fossil-fuels-industry
>http://motherboard.vice.com/read/fossil-fuel-divestment-has-doubled-in-the-last-15-months
>http://divestinvest.org/2016-report/
>A little over a year ago, it was big news that thousands of people and
>hundreds of institutions controlling more than $2.6 trillion in total
>assets had pledged to remove their investments from stocks, mutual
>funds, and bonds that invest in fossil fuel companies. A year later,
>that number has doubled. According to a report by DivestInvest, a
>philanthropy helping to lead the movement, more than 688 institutions
>and 60,000 individual investors worth $5.2 trillion have pulled their
>investments from fossil fuel companies and have reinvested a portion
>of their assets into clean energy companies. In September 2015, 436
>institutions and 2,040 individuals worth $2.6 trillion had divested.
>For comparison, the total net worth of investors who had pulled out of
>the fossil fuel market was just $52 billion in September 2014.
>Divestment is increasingly seen as one of the stronger moves that
>private citizens and companies can take to support the move to clean
>energy. The movement started in earnest in 2011 when college students
>began petitioning their institutions to remove their assets from
>stocks, bonds, and mutual funds that invest in fossil fuel companies.
>What was seen as a gimmick at the time appears to be gaining real
>momentum a year after the Paris Climate Treaty was signed.
>
>
>http://www.businessinsider.com/r-us-energy-department-balks-at-trump-request-for-names-on-climate-change-2016-12
>The Department of Energy said Tuesday it will reject the request by
>President-elect Donald Trump's transition team to name staffers who
>worked on climate change programs. Energy spokesman Eben
>Burnhan-Snyder said the agency received "significant feedback" from
>workers regarding a questionnaire from the transition team that leaked
>last week. From a Reuters story, syndicated on BusinessInsider: The
>response from the Energy Department could signal a rocky transition
>for the president-elect's energy team and potential friction between
>the new leadership and the staffers who remain in place. The memo sent
>to the Energy Department on Tuesday and reviewed by Reuters last week
>contains 74 questions including a request for a list of all department
>employees and contractors who attended the annual global climate talks
>hosted by the United Nations within the last five years. "Our career
>workforce, including our contractors and employees at our labs,
>comprise the backbone of (the Energy Department) and the important
>work our department does to benefit the American people," Eben
>Burnham-Snyder, Energy Department spokesman said. "We are going to
>respect the professional and scientific integrity and independence of
>our employees at our labs and across our department," he added. "We
>will be forthcoming with all publicly available information with the
>transition team. We will not be providing any individual names to the
>transition team."
>
>https://www.theguardian.com/environment/2016/dec/12/rapid-rise-methane-emissions-10-years-surprises-scientists
>http://www.earth-syst-sci-data.net/8/697/2016/
>Emissions of the powerful greenhouse gas methane have surged in the
>past decade, threatening to thwart global attempts to combat climate
>change. Scientists have been surprised by the surge, which began just
>over 10 years ago in 2007 and then was boosted even further in 2014
>and 2015. Concentrations of methane in the atmosphere over those two
>years alone rose by more than 20 parts per billion, bringing the total
>to 1,830ppb. This is a cause for alarm among global warming scientists
>because emissions of the gas warm the planet by more than 20 times as
>much as similar volumes of carbon dioxide. In the meantime, emissions
>of carbon dioxide -- the main component of manmade greenhouse gases in
>the atmosphere -- have been leveling off. The new research, published
>in the peer-review journal Environmental Research Letters, suggests
>that the world's attempts to control greenhouse gases have failed to
>take account of the startling rises in methane. The authors of the
>2016 Global Methane Budget report found that in the early years of
>this century, concentrations of methane rose by only about 0.5ppb each
>year, compared with 10ppb in 2014 and 2015. The scientists speculate
>that agriculture may be the main source of the additional methane that
>has been recorded. However, they cannot be sure of all the sources,
>owing to a lack of monitoring. At least a third of methane comes from
>the exploitation of fossil fuels, including fracking and oil drilling
>and some coal mining, where methane is viewed as a waste gas and is
>frequently allowed to escape or, in some cases, flared off, which is
>less harmful. Unlike carbon dioxide emissions, however, which have
>been tracked in various ways since the 1950s, emissions of methane are
>poorly understood and could represent a threat that scientists have
>still not accounted for.


Vegans will argue cow farts cause a huge portion of that methane. I think they are right, to a point...
-- 
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