As odd as it might seem, oil prices at $60 are not making it any easier for Big Oil and the likes. The Financial Times published two articles on how coal, oil and gas are through tought times. Let us review them here.
When Bloomberg writes that in the United States “ Big Oil Is About to Lose Control of the Auto Industry ” you know there is something going on, especially when they rely on solid BNEF study and data.
Today, fossil fuels account for the vast majority of energy sources around the world today. This will change in the next decades as we reached a turning point as a new study revealed this week.
We all need water and energy but with climate change, water scarcity is increasing. And sometimes, precious water is necessary to generate electricity. So for today’s post, I gathered a few infographics on that topic.
Which countries have the electricity with the lowest amount of greenhouse gases per kilowatt-hour ? Which energy source is the greenest ? An article from Cleantechnica answers these important questions.
We have seen that divesting from oil companies is a moral question but it is also a sound economic advice as more and more financial analyst are saying, to the point of ” fossil fuels are the next subprime danger “ as I blogged last year.
What does it take to keep a 100W light bulb on for a whole year ? 323 kgs (714 pounds) of coal or 64 kgs (143 pounds) of natural gas. The full infographic has the details.
Hailed as a ” game changer “ by Grist or Climate Progress, the climate change deal signed by the United States of America and the People’s Republic of China is a new step in the fight against global warming.
Here is further proof it’s high time to divest to avoid the carbon bubble. The Daily Telegraph published this week a most interesting article on how fossil fuels – oil, coal and natural gas – are the next subprime danger of this cycle as “ The cumulative blitz on energy exploration and production over the past… Continue reading Fossil fuels are the next subprime danger
The stance of the current Australian Prime Minister – Conservative Tony Abbott, pictured left – is isolating the country on the global stage as climate change becomes each day more serious. As Climate Progress recently reported, Abbott has been aiming sharp criticism at the G20, the IMF and the United States, among others, as they are… Continue reading Australia is getting isolated on climate
The ongoing tensions between Ukraine and Russia is an excellent occasion for the European Union to assess its dependence from foreign fossil fuels, especially oil and natural gas from the Russian Federation. As Kees van der Leun noted on his Twitter last week, the EU buys to Russia over half a billion euros of oil… Continue reading Energy, the European Union and Russia
To Desmogblog : ” The exact worth of massive global fossil fuel subsidies is incredibly hard to figure. There’s no real consistency in the definitions of subsidies, or how they should be calculated. “ ” As a result, estimates of global subsidy support for fossil fuels vary widely. According to a new analysis by the Worldwatch… Continue reading Fossil fuel subsidies are as high as ever