The Impossibility of Growth | George Monbiot

The UK oil company Soco is now hoping to penetrate Africa’s oldest national park, Virunga, in the Democratic Republic of Congo(8); one of the last strongholds of the mountain gorilla and the okapi, of chimpanzees and forest elephants. In Britain, where a possible 4.4 billion barrels of shale oil has just been identified in the south-east(9), the government fantasises about turning the leafy suburbs into a new Niger delta. To this end it’s changing the trespass laws to enable drilling without consent and offering lavish bribes to local people(10,11). These new reserves solve nothing. They do not end our hunger for resources; they exacerbate it.The trajectory of compound growth shows that the scouring of the planet has only just begun. As the volume of the global economy expands, everywhere that contains something concentrated, unusual, precious will be sought out and exploited, its resources extracted and dispersed, the world’s diverse and differentiated marvels reduced to the same grey stubble.

via The Impossibility of Growth | George Monbiot.

John Muir’s Last Stand

The postmodern greens aim to reorient conservation’s primary focus away from establishing protected areas intended to help prevent human-caused extinctions and to sustain large-scale natural ecosystems. Instead, they advocate sustainable management of the biosphere to support human aspirations, particularly for a growing global economy. If some species go extinct that may be regrettable, goes their thinking, but the bottom line is that nature is resilient. As long as “working landscapes” (places we manipulate to produce commodities) are managed well enough to sustain “ecosystem services” (things like water filtration, soil health, and crop pollination), human welfare can be supported without lots of new protected areas (habitat for other species) getting in the way of economic growth.

Some of the most prominent of these new conservationists have warned against critiquing the techno-industrial growth economy that is everywhere gobbling up wild nature. “Instead of scolding capitalism,” they write, “conservationists should partner with corporations in a science-based effort to integrate the value of nature’s benefits into their operations and cultures.”

via John Muir’s Last Stand.

World on brink of an oil price war – Business – NZ Herald News

A possible repeat of the 1970s heading our way.

“A secretive group of the worlds most powerful oil ministers will soon gather in Vienna to take arguably one of the most important decisions that could affect the still fragile world economy: whether to cut production of crude to defend prices at US$100 per barrel, or keep open the spigots as winter looms among the biggest energy-consuming nations.A sudden slump in the price of crude has exposed deep divisions within the Organisation of Petroleum Exporting Countries Opec ahead of its final scheduled meeting of the year next month to decide on how much oil to pump.Some members, led by Iran, have called for immediate action to stem the drop in oil prices, while the Arab sheikhdoms of the Gulf have so far argued that it could be another three months before it becomes clear whether the group should cut production for the first time since December 2008. Whatever they decide, oil remains the lifeblood of the global economic system due to its direct impact on inflation and input prices….”

via World on brink of an oil price war – Business – NZ Herald News.

WikiLeaked Doc Reveals Wall Street Plan for Global Financial Deregulation | Common Dreams

Known as a Trade in Services Agreement TISA, the draft represents the negotiating positions of the U.S. and E.U. and lays out the deregulatory strategies championed by some of the worlds largest banks and investment firms.According to WikiLeaks:Despite the failures in financial regulation evident during the 2007-2008 Global Financial Crisis and calls for improvement of relevant regulatory structures, proponents of TISA aim to further deregulate global financial services markets. The draft Financial Services Annex sets rules which would assist the expansion of financial multi-nationals – mainly headquartered in New York, London, Paris and Frankfurt – into other nations by preventing regulatory barriers. The leaked draft also shows that the US is particularly keen on boosting cross-border data flow, which would allow uninhibited exchange of personal and financial data.TISA negotiations are currently taking place outside of the General Agreement on Trade in Services GATS and the World Trade Organization WTO framework. However, the Agreement is being crafted to be compatible with GATS so that a critical mass of participants will be able to pressure remaining WTO members to sign on in the future. Conspicuously absent from the 50 countries covered by the negotiations are the BRICS countries of Brazil, Russia, India and China. The exclusive nature of TISA will weaken their position in future services negotiations.Lori Wallach, director of Public Citizens Global Trade Watch, said the deal described in the draft, if approved by national governments, would be a disaster for any regulatory efforts designed to put a check on global finance.In a statement responding to the TISA draft released by WikiLeaks on Thursday, Wallach said:

via WikiLeaked Doc Reveals Wall Street Plan for Global Financial Deregulation | Common Dreams.