Oil Change International has just published a report titled “Big Oil Reality Check”. It analyzes the commitments of leading oil and gas companies to do something about the climate emergency. If you guess that they find those commitments not sufficient, you would be right. And I tend to agree. If you look at the variousContinue reading “Some questions for Oil Change International”
Category Archives: Phaseout Profit Theory
Altmaier Proposal
German Economy Minister Peter Altmaier just published a short paper on climate change policy. His portfolio includes energy, so he does have some influence in these matters. I used to blog about him when he was Environment Minister in 2012 and estimated the cost of the feed-in tariff system as one trillion Euro until 2040Continue reading “Altmaier Proposal”
Democrat Report on Fossil Fuel Industry Influence
Emily Holden reports in the Guardian on the Democrats plan to release a 200 page report about how the fossil fuel industry bought policy over the decades to delay climate measures. I have not read that report, which may not be published yet. But I know the story already from other sources. Politics in theContinue reading “Democrat Report on Fossil Fuel Industry Influence”
“Reverse OPEC” Proposal by Kamela Harris
I was thrilled to read this post by Aimee Barnes at the Columbia University Earth Institute. It explains that Kamela Harris (recently nominated for Vice President of the USA) wants international coalitions of countries trying to reduce fossil fuel production. The blog post calls this “reverse OPEC”. I think this is a great idea, thoughContinue reading ““Reverse OPEC” Proposal by Kamela Harris”
Could BP Coordinate Their Move to Less Production?
BP announced last week that they plan to reduce oil production by about 40 percent over the next decade, which is “at least one million barrels of oil equivalent a day”. They also announced to increase low carbon investment by a factor of ten to $5 billion a year. The plan is to develop fromContinue reading “Could BP Coordinate Their Move to Less Production?”
20 Gigaton is 50 btc
The solution to the global warming emergency is to radically reduce fossil fuel production by a long term production schedule modeled on the Bitcoin schedule. That one started out with 50 bitcoins every 10 minutes, which is now down to 6.25 after the third halving in May of this year. Since this is my proposalContinue reading “20 Gigaton is 50 btc”
Muttitt on OPEC
Greg Muttitt has published a chapter on “What role for OPEC in the last generation of oil” in the 2020 “Handbook of OPEC and the Global Energy Order” which is available behind a paywall of GBP 175. Muttitt kindly mailed me his contribution, so I was able to read it before buying the book (IContinue reading “Muttitt on OPEC”
“Planet of the Humans” Review
Just saw the film produced by Michael Moore and written by Jeff Gibbs. I saw a lot of people critical of the effort in my Twitter feed. Checking the film, I agree with the critics that the film presents a lot of inaccurate anti-renewable talking points. It is trying hard to show that renewable energyContinue reading ““Planet of the Humans” Review”
Government Buying Oil in the Ground
Jennifer A Dlouhy and Sheela Tobben report on plans of the United States government to buy oil that is still in the ground as part of their oil reserves. THe motive for this move is not that the government feels their reserves may be insufficient at the moment. The motive is that they noted theContinue reading “Government Buying Oil in the Ground”
ETS and Corona Crisis
Hans-Josef Fell just published his thoughts on how the corona crisis influences the debate on climate (in German). He mentioned that the price for emission permits under the EU emission trading system (ETS) has gone down, along with everything else. That in turn means that there is less incentive for avoiding emissions. That is correct,Continue reading “ETS and Corona Crisis”
