n 2012, the writer and activist Bill McKibben published a heart-stopping essay in Rolling Stone titled “Global Warming’s Terrifying New Math.” I’ve read hundreds of thousands of words about climate change over the last decade, but that essay haunts me the most.
The piece walks through a fairly straightforward bit of arithmetic that goes as follows. The scientific consensus is that human civilization cannot survive in any recognizable form a temperature increase this century more than 2 degrees Celsius (3.6 degrees Fahrenheit). Given that we’ve already warmed the earth about 0.8 degrees Celsius, that means we have 1.2 degrees left—and some of that warming is already in motion. Given the relationship between carbon emissions and global average temperatures, that means we can release about 565 gigatons of carbon into the atmosphere by mid-century. Total. That’s all we get to emit if we hope to keep inhabiting the planet in a manner that resembles current conditions.
Now here’s the terrifying part. The Carbon Tracker Initiative, a consortium of financial analysts and environmentalists, set out to tally the amount of carbon contained in the proven fossil fuel reserves of the world’s energy companies and major fossil fuel–producing countries. That is, the total amount of carbon we know is in the ground that we can, with present technology, extract, burn and put into the atmosphere. The number that the Carbon Tracker Initiative came up with is… 2,795 gigatons. Which means the total amount of known, proven extractable fossil fuel in the ground at this very moment is almost five times the amount we can safely burn.
Proceeding from this fact, McKibben leads us inexorably to the staggering conclusion that the work of the climate movement is to find a way to force the powers that be, from the government of Saudi Arabia to the board and shareholders of ExxonMobil, to leave 80 percent of the carbon they have claims on in the ground. That stuff you own, that property you’re counting on and pricing into your stocks? You can’t have it.
via The New Abolitionism | The Nation.
“New Zealand’s economy has been hailed as one of world’s top safe-haven economies in recent years after it emerged from Global Financial Crisis relatively unscathed. Unfortunately, my research has found that many of today’s so-called safe-havens (such as Singapore) are experiencing economic bubbles that are strikingly similar to those that led to the financial crisis in the first place.
Though I will be writing a lengthy report about New Zealand’s economic bubble in the near future, I wanted to use this column to outline key points that are helpful for those who are looking for a concise explanation of this bubble.”
via 12 Reasons Why New Zealand’s Economic Bubble Will End In Disaster – Forbes.
Eagle Spirit Energy and Aquilini stated Monday they have stolen support from two First Nations bands in Burns Lake and Fraser Lake who had granted conditional support for the Enbridge route and have now switched allegiance.
The announcement was attended by at least 20 B.C. aboriginal chiefs. And the consortium claims to have support from the majority of First Nations along their proposed routes.
The announcement came days after First Nations leaders revealed Enbridge is offering to give natives a much bigger stake in its project. The overtures, they say, came from Jim Prentice, a former Conservative minister of aboriginal affairs who was hired to revive Enbridge’s stalled negotiations with First Nations.
Winning First Nations support is key to any pipeline proposal to ship oil originating from the Alberta oilsands to B.C. through traditional territories.
Enbridge faces opposition from some First Nations groups who say the company has not addressed long-standing territorial and legal concerns.
via Northern Gateway setback could mean opportunity for aboriginal energy proposal | Warrior Publications.
Don’t talk to me about sustainability. You want to question my lifestyle, my impact, my ecological footprint? There is a monster standing over us, with a footprint so large it can trample a whole planet underfoot, without noticing or caring. This monster is Industrial Civilization. I refuse to sustain the monster. If the Earth is to live, the monster must die. This is a declaration of war.
What is it we are trying to sustain? A living planet, or industrial civilization? Because we can’t have both.
via Sustainability is destroying the Earth | Deep Green Resistance New York.