Most everyone's losing sleep over what'll happen to our species and the rest of life on earth as human-driven climate change rips our planet a new one. Capitalists? Not so much: some are too busy hustling to ensure that other capitalists pay for the fiscal hurt that the Earth's bid to evict us all is putting on their bottom lines.
From The Calgary Herald:
In a letter addressed to Calgary-based Canadian Natural Resources Ltd. dated Nov. 15, Whistler Mayor Jack Crompton said the town’s taxpayers “are paying 100 per cent of the costs” associated with climate change events such as “drought, flooding, and extreme weather.”
He’s asking CNRL to pay in to “the costs of climate change being experienced by Whistler,” including the municipalities’ “$1.4 million investment in community wildfire protection activities” for 2018.
“As a town with a population of less than 15,000 people, this is a significant cost to bear along with costs associated with impacts to winter and summer sports tourism,” he said in the letter.
Sure, Whistler only has a population of less that 15,000 people, but the majority of them are filthy rich--you have to be to live there. I have a feeling that the town does okay on property taxes, especially since the one thing that Whistler has more of than mountains and rich people are Whistler's insidiously expensive hotel and resort properties.
Whistler's not the only town in Canada looking for oil producers to pay up for putting their municipalities in the red. Read the rest
NPR's Robert Krulwich circled this bright spot on a night-time satellite image of the United States. As Krulwich points out, this cluster of lights is new — it wasn't there in 2005. And it's not a city.
Instead, that bright spot is a shining reminder of the natural gas boom. What you're seeing are the lights from drilling rigs and flares burning gas. Read the rest
Human activities can cause earthquakes. It sounds a little crazy to say, but it's something we've known about for a while. For instance, seismologists say that a 6.3 magnitude quake that struck India's Maharashtra state in 1967 was directly caused by the 1963 construction of a major dam and reservoir project in that region.
Basically, fault lines exist. When we start messing with them—applying very heavy weights, taking very heavy weights away, or lubricating the fault line with various liquids—we can trigger movement. Usually, these are not large earthquakes. But they can be felt. And they are something we want to avoid.
Now, a study done by the Ohio State Department of Natural Resources has concluded that a series of small quakes in that state were directly caused by improper disposal of wastewater from a natural gas fracking operation.
Fracking, as a reminder, is a process of freeing up trapped natural gas by injecting liquid into the Earth. The force of the water cracks rocks so the gas can flow through. This is not the part of the process that's been implicated in the Ohio earthquakes, however. Instead, it's about what happens to that liquid once the fracking is done.
Fracking liquid is called "brine" and it's often referred to as being water, but it's actually water mixed with a lot of other stuff, some of it toxic. Wastewater treatment plants aren't set up to deal with this kind of contamination, so the standard way of disposing of this liquid is to pump it into the ground. Read the rest
Over the past few years, I've heard several people in the natural gas industry estimate that the United States is sitting on 100 years worth of natural gas. Every time I've heard the 100-year estimate batted around, it's been presented as a positive thing, a shorthand way of saying, "We've got tons of home-grown energy, people! We don't need to worry about the future of energy at all!"
It's an interesting example of the fundamental disconnect between short-term and long-term thinkers.
All things considered, 100 years is not really a very long time. Especially given the fact that estimates like this are based on current natural gas usage rates, but are presented with an implication that we should be using more natural gas than we currently do. I don't think that a 100-year-supply of something as critical as energy represents a time of plenty. I think it represents a ticking clock. At best, what you've got there is a transitional energy source—something with the potential to be cleaner and less politically complicated than coal and oil, that you can use while you build up an energy infrastructure based on something other than fossil fuels.
But the critique of that "100 years of gas" estimate goes even deeper. That's because any estimate of fossil fuel reserves is made under the limitations of corporate secrecy. Different well owners estimate reserves in different ways, so you can't just add up everybody's estimates and compare apples to apples. There's no way for independent sources to check estimates. Read the rest