There is another bubble. Before it's burned, Coal, Oil and Gas sit for years on the balance sheets of private (and national) resource companies, as "known reserve" assets. Assets that, someday, will become revenues. Or will they? And if they won't, what will the balance sheets of ExxonMobil, Chevron, BP, Petrochina, and Gazprom actually look like? [more inside]
Big oil companies make more than $300 million every day. "Why should Americans prop up these companies with tax dollars and have to pay ridiculous fuel prices?" Self-described 'Democratic socialist' Bernie Sanders (Vermont) introduces a bill to cut $113B of fossil fuel subsidies. [more inside]
END:CIV [full 75 minute movie] "If your homeland was invaded by aliens who cut down the forests, poisoned the water and air, and contaminated the food supply, would you resist?" [more inside]
Canada is planning to withdraw from the Kyoto treaty. CBC, BBC, AFP. The Herald Sun claims that this is to allow shale sands oil extraction.
Get the Energy Sector off the Dole - Why ending all government subsidies for fuel production will lead to a cleaner energy future—and why Obama has a rare chance to make it happen.
Ahead of the global climate talks, nine photographers from the photo agency NOOR photographed climate stories from around the world. Their goal: to document some of the causes and consequences, from deforestation to changing sea levels, as well as the people whose lives and jobs are part of that carbon culture. Warming threatens lifestyle of Russian herders | Refugees flee drought, war in East Africa | Greenland’s shrinking ice hurts natives [more inside]
the new urban jungle. . . is a growing movement led by cities like San Francisco, New York, and Leiden to restore active and vibrant natural systems in urban areas. Far from the eden-like depictions of nature of yesteryear, i.e. the garden of earthly delights (nonetheless, still attracting some dynamic new christian converts), the movement has morphed into today's backyard and grassroots environmental movement which is more and more a picture of hybridity, compromise, mixed-use, and ultimately, taking nature out of the walled islands of zoos, aquaria, national parks and other thick-walled institutions and offering a different kind of everyday "unmediated" community experience with the new urban wilderness. VIDEO LINK
San Francisco on Tuesday became the first major U.S. city to pass a resolution acknowledging the threats posed by peak oil. The resolution cites an influential study commissioned by the U.S. Dept. of Energy, known as the Hirsch Report, and proponents delivered copies of the The Oil Age Poster to elected officials in the run up to the vote.
Global warming -- the upside: the entrepreneurs poised to make millions from new ports and shipping lanes in the formerly ice-bound Arctic circle. A fascinating New York Times article on the international land-grab following the news (reported here, discussed here, whitewashed here, et. al.) that the polar ice caps and Siberian permafrost are melting. Goodbye Gulf Stream, hello Club Med Santa-style -- first SUV to the North Pole wins!