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Fossil

Amory Lovins: Freedom From Fossil Fuels Is a Possible Dream

Amory Lovins, chairman and chief scientist at the Rocky Mountain Institute

April 9, 2015
InsideClimate News

The United States could run almost entirely on clean energy by 2050, with a larger economy, $5 trillion in savings––and no acts of Congress. That's a vision of the future as seen by Amory Lovins, a sustainability expert who talked about how to reach that goal in a presentation Tuesday at Harvard University in Cambridge, Mass.

Electric vehicles, retrofits, the sharing economy and the rise of clean energy in Europe and China—all these technologies and trends show how a transition from oil, coal and nuclear power is possible, he said.

Fossil fuel-free funds out-performed conventional ones, analysis shows

 New data challenges the widespread belief among asset managers that divestment from fossil fuels hurts the financial performance of investment funds

April 10, 2015
The Guardian

Investors who have dumped holdings in fossil fuel companies have outperformed those that remain invested in coal, oil and gas over the past five years according to analysis by the world’s leading stock market index company,

MSCI, which runs global indices used by more than 6,000 pension and hedge funds, found that investors who divested from fossil fuel companies would have earned an average return of 13% a year since 2010, compared to the 11.8%-a-year return earned by conventional investors.

Why Low Oil Prices Won’t Stop The Growth Of Renewable Energy

Wyoming windmills

March 31, 2015
Think Progress

Oil prices might be very low, but that’s not going to take away from investments in renewable energy.

That’s at least the consensus from Citigroup, the latest investment researcher to say clean energy won’t be slowed by cheap oil, Bloomberg reported Monday. Deutsche Bank and Goldman Sachs have also predicted that the oil price slump won’t affect renewable energy growth.

The myth of the dark side of Germany’s Energiewende

Development of power generation from coal (lignite and hard coal), nuclear and renewable energy sources (in terrawatt-hours, 2014 data partly estimated)

February 18, 2015
REnew Economy

Critics of renewable energy have mocked the Energiewende, claiming that it has led to an increase in coal power and related CO2 emissions in Germany. But Conrad Kunze and Paul Lehmann of the Helmholtz Centre for Environmental Research – UFZ show that this is a myth. German coal generation and CO2 emissions rose not because of but in spite of the Energiewende. They would have been even higher if Germany had not phased out its nuclear power and embarked on its remarkable renewable energy path. “There is no dark side to the Energiewende”. 

LNG revenue windfall absent from BC's budget three-year projections

IMAGE: A model shows the proposed LNG liquification plant in Kitimat

February 17, 2015
Vancouver Sun
Liberals said they had expected revenues to begin flowing by 2017

Gone is any expectation in the 2015 budget of a near to medium-term revenue windfall from the development of a liquefied natural gas export industry in British Columbia.

In fact, revenues, through royalties, from the province's existing North American natural gas industry are expected to be lower over the next three years because of falling prices.

 

Divestment outperforms conventional portfolios for the past 5 years

IMAGE: Five year snapshot of FTSE's fossi fuel free indices

February 16, 2015
Climate Spectator

The Independent Petroleum Association of America recently commissioned and funded a study, covered in The New York Times and elsewhere, which claimed that university endowments would suffer without fossil fuels in their portfolios. The Wall Street Journal ran an op-ed calling fossil fuel divestment a "Feel-Good Folly."

Graph of the Day: Collapse of US shale oil industry

Image: Collapse of US Shale Industry

February 3, 2015
Renew Economy

Since the collapse in oil prices began in the middle of last year, all eyes have been on how the oil industry responds. Already, some $200 billion of projects have been either axed or deferred, mostly because they cannot compete on costs.

The US shale oil industry is also suffering. This graph below from industry analysts Baker Hughes shows the dramatic fall in the number of rigs operating in the US shale industry.

The Warming World: Is Capitalism Destroying Our Planet?

February 27, 2015
Spiegl

 

World leaders decided in Copenhagen that global warming should be limited to 2 degrees Celsius. Achieving that target, though, would take nothing less than a miracle. With another round of climate negotiations approaching, it is becoming increasingly clear that mankind has failed to address its most daunting problem.

A major piece of work from Spiegl, in Germany

2015: Will candidates be listening?

Welcome to 2015!

2015 is shaping up to be a year of resolution for BC and Canada in energy. This is the year we should know if BC’s hyped LNG export scheme will finally see daylight before its supposed “opportunity window” slams shut due to competitive and price pressures. We’ll also learn whether shovels will turn for BC Hydro’s Peace River Site C dam megaproject, or if legal challenges will tug it into a side-channel.

Let Fossil Fuels Die

It’s blunt language, but we really mean it. We’ve simply got to end our civilization’s addiction to fossil fuels. We’ve got to leave them in the ground, and accelerate the switch to clean, safe, climate-friendly renewable energy.