LONDON — Europe’s largest bank HSBC said on Friday it would mostly stop funding new coal power plants, oilsands and arctic drilling, becoming the latest in a long line of investors to shun the fossil fuels.
Other large banks such as ING and BNP Paribas have made similar pledges in recent months as investors have mounted pressure to make sure bank’s actions align with the Paris Agreement, a global pact to limit greenhouse gas emissions and curb rising temperatures.
“We recognize the need to reduce emissions rapidly to achieve the target set in the 2015 Paris Agreement… and our responsibility to support the communities in which we operate,” Daniel Klier, group head of strategy and global head of sustainable finance, said in a statement.
As a general rule I find that most North Americans are unaware that there is a growing movement of countries that are banning new sales of vehicles powered by gasoline or diesel and may also include other fuels such as propane, compressed and LNG (liquid natural gas).
The local news is rife with plans to grow our exploitation of natural resources and build more pipelines for anticipated expansion to new markets such as China. The federal government is in the process of colluding with the petroleum industry to force the construction of a dil-bit pipeline in a densely populated region of Greater Vancouver. Meanwhile our future markets are vanishing as other governments are phasing out fossil fuels and their engines.
Image #1: A rendering of the Silent Utility Rover Universal Superstructure (SURUS) platform with truck chassis.
SURUS was designed to form a foundation for a family of commercial vehicle solutions that leverages a single propulsion system integrated into a common chassis. (1)
Fuel cell technology is a key piece of GM’s zero-emission strategy.
General Motors’ Silent Utility Rover Universal Superstructure (SURUS) is an electric vehicle platform with autonomous capabilities powered by a flexible fuel cell. GM displayed it at the fall meeting of the Association of the United States Army, as the commercially designed platform could be adapted for military use.
SURUS leverages GM’s newest Hydrotec fuel cell system, autonomous capability and truck chassis components to deliver high-performance, zero-emission propulsion to minimize logistical burdens and reduce human exposure to harm. Benefits include quiet and odor-free operation, off-road mobility, field configuration, instantaneous high torque, exportable power generation, water generation and quick refueling times. (1)
Table 1. List of Countries Banning the ICE & Timeline (2)
At an automotive conference in Tianjin, China revealed it was developing plans towards banning fossil fuel-based cars. Though China has not set a 2040 goal like the U.K. and France, it said it was working with other regulators on a time-specific ban.
“The ministry has also started relevant research and will make such a timeline with relevant departments. Those measures will certainly bring profound changes for our car industry’s development,” Xin Guobin, the vice minister of industry and information technology, said.
Both India and Norway have also said they have electric car targets set for the next few decades. India, home to heavily polluted cities, said by 2030 it plans to have vehicles solely powered by electricity. (3)
I explain this worldwide movement to the electric vehicle and the impact this will have oil markets, however, most of whom I discuss this issue with are unaware of these vital facts. In addition we are seeing growing alternate forms of power sources for our electrical grid, such as solar, wind, tidal, hydro-electric, geothermal and others.
If you ran a business that called for a major investments in capital for infrastructure, would you make it knowing that your market is non-existent? Maybe it’s time for Canadians and Americans to wake up and smell the coffee.
Let’s get straight to the point. Canadians are getting ripped off. We pay the among the highest prices in the world for our own plentiful resources. Meanwhile we ship it to the US and abroad. This is in clear conflict with stewardship goals of our resources, environment and our collective future. What gives Mr. Trudeau?
Canada taxes its oil and gas companies at a fraction of the rate they are taxed abroad, including by countries ranked among the world’s most corrupt, according to an analysis of public data by the Guardian.
The low rate that oil companies pay in Canada represents billions of dollars in potential revenue lost, which an industry expert who looked at the data says is a worrying sign that the country may be “a kind of tax haven for our own companies.”
The countries where oil companies paid higher rates of taxes, royalties and fees per barrel in 2016 include Nigeria, Indonesia, Ivory Coast and the UK.
“I think it will come as a surprise to most Canadians, including a lot of politicians, that Canada is giving oil companies a cut-rate deal relative to other countries,” said Keith Stewart, an energy analyst with Greenpeace.
Companies like Chevron Canada paid almost three times as much to Nigeria and almost seven times as much to Indonesia as it did to Canadian, provincial and municipal governments.
Chevron used to run its Nigeria and Indonesia projects out of the U.S., but after allegations that they evaded billions in taxes, their operations were moved to Canada.
According to data collected by the Guardian, Suncor also paid six times more taxes to the UK, and Canadian Natural Resources Limited (CNRL) paid almost four times more to Ivory Coast. (1)
Figure 1. Taken from: Alberta First Nation presents evidence against Teck’s exploratory drilling for oil sands mine (2)
CALGARY – British Columbia’s government wants to restrict shipments of oilsands crude in pipelines and on railways cars in the province through a series of proposed new rules that is set to create additional uncertainty for Kinder Morgan Canada’s $7.4-billion Trans Mountain pipeline expansion.
The proposed rules also open B.C. up to jurisdictional challenges and have already exacerbated a spat with Alberta Premier Rachel Notley, who called the proposals “both illegal and unconstitutional.”
B.C. Environment and Climate Change Strategy Minister George Heyman announced Tuesday rules to limit “the increase of diluted bitumen transportation until the behaviour of spilled bitumen can be better understood and there is certainty regarding the ability to adequately mitigate spills.”
To that end, B.C. will establish an independent scientific advisory panel to make recommendations on if and how heavy oils can be safely transported and, if spilled, cleaned up.
Tuesday’s announcement did not specifically mention Kinder Morgan’s Trans Mountain expansion, which will boost the shipments of oil from Alberta to Burnaby, B.C. from 300,000 barrels per day to 890,000 bpd, but the B.C. NDP had promised to block the pipeline’s construction during an election campaign last year.In an interview with the Financial Post, Heyman said B.C.’s Environmental Management Act “gives us the right, in addition to our responsibility, to defend B.C.’s vulnerable coastline, our inland waterways, our economic and environmental interests and that’s what British Columbians expect us to do.” (3)
Keywords: UBC, Site C, Hydro, Dams, Energy, Electricity, Renewable Energy, Employment, Jobs, Environment, Sustainable, Conservation, Water, Governance, British Columbia
In a November 23 report issued “by a team of researchers led by Dr. Karen Bakker ” finds “Site C creates fewer jobs and has larger environmental impact.” (1)
“[…New Research Report: Comparative Assessment of Site C Employment (17 November 2017)
A new UBC report compares employment numbers from Site C versus the alternatives, and concludes: stopping Site C will create a larger number of sustainable jobs in the province, including in the Peace Region.
UBC’s Program on Water Governance has conducted a detailed comparison of employment generated by Site C versus the alternative portfolios put forward by BC Hydro and the BCUC.
- Our analysis indicates that terminating Site C and pursuing the alternatives results in modest job losses in the short term, and substantial job gains in the medium and long-term.
- These jobs are generated by remediation, conservation, and alternative energy projects.
- Terminating Site C and pursuing any alternative portfolio creates a higher number of sustainable jobs in the province, including in the Peace Region.
- Site C provides the least jobs per dollar spent.
1. Climate science is very complicated and very far from being settled.
2. Earth’s climate is overwhelmingly dominated by negative-feedbacks that are currently poorly represented in our Modeling efforts and not sufficiently part of ongoing investigations.
3. Climate warming drives atmospheric CO2 upward as it stimulates all natural sources of CO2 emission. Climate cooling drives atmospheric CO2 downward.
4. Massive yet delayed thermal modulations to the dissolved CO2 content of the oceans is what ultimately drives and dominates the modulations to atmospheric CO2.
5. The current spike in atmospheric CO2 is largely natural (~98%). i.e. Of the 100ppm increase we have seen recently (going from 280 to 380ppm), the move from 280 to 378ppm is natural while the last bit from 378 to 380ppm is rightfully anthropogenic.
6. The current spike in atmospheric CO2 would most likely be larger than now observed if human beings had never evolved. The additional CO2 contribution from insects and microbes (and mammalia for that matter) would most likely have produced a greater current spike in atmospheric CO2.
7. Atmospheric CO2 has a tertiary to non-existent impact on the instigation and amplification of climate change. CO2 is not pivotal. Modulations to atmospheric CO2 are the effect of climate change and not the cause.
Guest essay by Ronald D. Voisin
Let’s examine, at a high and salient level, the positive-feedback Anthropogenic Global Warming, Green-House-Gas Heating Effect (AGW-GHGHE) with its supposed pivotal role for CO2. The thinking is that a small increase in atmospheric CO2 will trigger a large increase in atmospheric Green-House-Gas water vapor. And then the combination of these two enhanced atmospheric constituents will lead to run-away, or at least appreciable and unprecedented – often characterized as catastrophic – global warming.
This theory relies entirely on a powerful positive-feedback and overriding (pivotal) role for CO2. It further assumes that rising atmospheric CO2 is largely or even entirely anthropogenic. Both of these points are individually and fundamentally required at the basis of alarm. Yet neither of them is in evidence whatsoever. And neither of them is even remotely true. CO2 is not only “not pivotal” but it…
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SACRAMENTO, Calif. —
Gov. Jerry Brown declared an end to California’s historic drought Friday, lifting emergency orders that had forced residents to stop running sprinklers as often and encouraged them to rip out thirsty lawns during the state’s driest four-year period on record.
The drought strained native fish that migrate up rivers and forced farmers in the nation’s leading agricultural state to rely heavily on groundwater, with some tearing out orchards. It also dried up wells, forcing hundreds of families in rural areas to drink bottled water and bathe from buckets.
Brown declared the drought emergency in 2014, and officials later ordered mandatory conservation for the first time in state history. Regulators last year relaxed the rules after a rainfall was close to normal.
But monster storms this winter erased nearly all signs of drought, blanketing the Sierra Nevada with deep snow, California’s key water source, and boosting reservoirs.
“This drought emergency is over, but the next drought could be around the corner,” Brown said in a statement. “Conservation must remain a way of life.” (2)
“In terms of assessing trends in globally-averaged surface air temperature as a metric to diagnose the radiative equilibrium of the Earth, the neglect of using moist enthalpy, therefore, necessarily produces an inaccurate metric, since the water vapor content of the surface air will generally have different temporal variability and trends than the air temperature.”
In our blog of July 11, we introduced the concept of moist enthalpy (see also Pielke, R.A. Sr., C. Davey, and J. Morgan, 2004: Assessing “global warming” with surface heat content. Eos, 85, No. 21, 210-211. ). This is an important climate change metric, since it illustrates why surface air temperature alone is inadequate to monitor trends of surface heating and cooling. Heat is measured in units of Joules. Degrees Celsius is an incomplete metric of heat.
Surface air moist enthalpy does capture the proper measure of heat. It is defined as CpT + Lq where Cp is the heat capacity of air at constant pressure, T is air temperature, L is the latent heat of phase change of water vapor, and q is the specific humidity of air. T is what we measure with a thermometer, while q is derived by measuring the wet bulb temperature (or, alternatively, dewpoint…
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Mega projects grab headlines and provide many photo opportunities for politicians. Since the construction of the depression era Hoover Dam, these massive construction projects have historically provided for jobs and opportunity when the economy is slow. However, some questions remain, such as; are these projects in everyone’s best interests, what are we losing, and is there a better way to accomplish our goals?
“‘Water grabbing’ refers to a situation in which public or private entities are able to take control of, or reallocate, precious water resources for profit or for power — and at the expense of local communities and the ecosystems on which their livelihoods are based.
The effects have been well-documented: examples include families driven away from their villages to make room for mega dams, privatization of water sources that fails to improve access for the public, and industrial activity that damages water quality.”
“…hydropower comprises about 70 per cent of the world’s renewable energy mix, and guarantees a lower amount of total emissions than fossil fuel plants, its overall impacts are not always positive. This is especially the case when dams are not planned with an emphasis on the impacts on people and the environment.
In North America, many dams built in the 1980s are now being demolished because of their impacts on fish species such as salmon. In some cases they are replaced with more modern dams that do not require building large-scale reservoirs.” (1)
A Short Political History of the Site C Dam
Figure 1. Construction on the Site C dam on the Peace River in the fall of 2016. Photo: Garth Lenz. (2)
“On May 10, 1990, the Vancouver Sun reported remarks made by then Energy Minister Jack Davis at an Electric Energy Forum: “Power projects initiated by B.C. Hydro will be increasingly guided by environmental concerns because of mounting public pressure.” Noting the province’s abundance of power sources, he said: “We have the scope to be different.”
However, during a 1991 Social Credit party leadership campaign the winner, Rita Johnston declared in her policy statement that she wanted to accelerate construction of the “$3 billion” dam. Johnston’s leadership was brief because the Socreds were defeated in October 1991.
In 1993, the dam was declared dead by then BC Hydro CEO Marc Eliesen. “Site C is dead for two reasons,” Eliesen said. “The fiscal exposure is too great … the dam is too costly. Also it is environmentally unacceptable.”
Despite these twists and turns, B.C. Hydro’s staff worked diligently to keep the dam alive.
Fast forward to April 19, 2010, when then B.C. Liberal Premier Gordon Campbell made his announcement that Site C was on again, now branded as a “clean energy project” and an important part of “B.C.’s economic and ecological future.”
Campbell claimed the dam would power 460,000 new homes and repeated the mantra of an increasing power demand of 20 to 40 per cent in the following 20 years.
In the ensuing seven years since the 2010 announcement, power demand has stayed virtually the same, despite BC Hydro’s forecast for it to climb nearly 20 per cent during that time. The reality is B.C.’s electricity demand has been essentially flat since 2005, despite ongoing population growth.
Campbell resigned in 2011 amidst uproar over the Harmonized Sales Tax (HST), opening the field for a leadership race, which Christy Clark won. That brings us to the May 2013 election, during which Clark pushed liquefied natural gas (LNG) exports as the solution to B.C.’s economic woes. With the LNG dream came a potential new demand for grid electricity, making Site C even more of a hot topic.
Four years on from Clark’s pronouncement there are no LNG plants up and running, despite her promise of thousands of jobs. Without a market for Site C’s power, Clark has started ruminating about sending it to Alberta, despite a lack of transmission or a clear market.
Oxford University Professor Bent Flyvbjerg has studied politicians’ fascination with mega projects, describing the rapture they feel building monuments to themselves: “Mega projects garner attention, which adds to the visibility they gain from them.”
This goes some way to explaining the four-decade obsession with building the Site C dam, despite the lack of clear demand for the electricity. (2)
- Water and power: Mega-dams, mega-damage?
Four Decades and Counting: A Brief History of the Site C Dam https://www.desmog.ca/2017/03/23/four-decades-and-counting-brief-history-site-c-dam
In the beginning, the Master Economist created the Economy. He created businesses large and small, consumers, governments with their regulation, and financial institutions of all types. And the Ma…
Source: How Energy Shapes the Economy
The Trans Mountain pipeline expansion project has failed to gain social licence from the provincial government, or any Lower Mainland municipality or First Nation, and the National Energy Board (. . .
Sourced through Scoop.it from: www.burnabynow.com
“[…] In a fiery double-barrel blast, Gregory McDade, legal counsel for the City of Burnaby, fired one barrel at Kinder Morgan Inc., the company behind the expansion project, and the other at the NEB panel itself.
Citing Prime Minister Justin Trudeau’s promise to overhaul the NEB, which he criticized for becoming politicized, McDade said, “Burnaby should not be the last victim of a flawed process.
“The City of Burnaby calls upon this panel to suspend these hearings,” McDade said. “We call upon this panel to reset the process in a way that keeps faith with the public trust that the prime minister of Canada has claimed he has.”
McDade quoted Trudeau, who said, “Governments grant permits, but only communities grant permission.”
“Let me be clear, this pipeline does not have community permission,” McDade said. “Not from the community of Burnaby, nor from any of the Lower Mainland municipalities, nor from the public or the Government of British Columbia.” […]
The Trans Mountain pipeline was originally built in the 1950s and fed a number of B.C. refineries that made gasoline, diesel and jet fuel for domestic use.
The Chevron plant in Burnaby, where the pipeline terminates, is the only refinery left in the Lower Mainland. As it stands, it has to compete with other companies for the oil that moves from the pipeline.
A twinning of the pipeline would triple its carrying capacity. But that’s by no means a guarantee that the Chevron refinery will necessarily have access to more oil. Of the 890,000 barrels per day an expanded pipeline would move, 707,500 barrels are spoken for by 13 shippers in offtake agreements, with the oil destined for refineries outside of Canada.
“This is not a pipeline, I say, to bring oil to the Lower Mainland to supply local industry, to bring us gasoline, as the pipeline was in the 1950s,” McDade said. “This is a pipeline solely for export. No benefits to B.C. at all, but all the burdens and all the risk are borne here.”
Of the 49 interveners making oral presentations at the Burnaby public hearings, 19 are B.C. First Nations, including three key Lower Mainland groups – the Squamish, Musqueam and Tsleil-Waututh – all of whom are opposed to the project.
The expanded pipeline would increase oil tanker traffic to 34 per month from the current five. Musqueam Councillor Morgan Guerin said on Jan. 19 that the wake caused by tankers means small fishing vessels would have to stop every time a tanker goes by.
The Musqueam would view that as a potential infringement of their aboriginal rights to fish – a right that was affirmed in the landmark Sparrow case. […]”