28 September 2015, The Guardian, Shell abandons Alaska Arctic drilling. Oil giant’s US president says hugely controversial drilling operations off Alaska will stop for ‘foreseeable future’ as drilling finds little oil and gas. Shell has abandoned its controversial drilling operations in the Alaskan Arctic in the face of mounting opposition. Its decision, which has been welcomed by environmental campaigners, follows disappointing results from an exploratory well drilled 80 miles off Alaska’s north-west coast. Shell said it had found oil and gas but not in sufficient quantities. The move is a major climbdown for the Anglo-Dutch group which had talked up the prospects of oil and gas in the region. Shell has spent about $7bn (£4.6bn) onArctic offshore development in the hope there would be deposits worth pursuing, but now says operations are being ended for the “foreseeable future.” Shell is expected to take a hit of around $4.1bn as a result of the decision. The company has come under increasing pressure from shareholders worried about the plunging share price and the costs of what has so far been a futile search in the Chukchi Sea. Shell has also privately made clear it is taken aback by the public protests against the drilling which are threatening to seriously damage its reputation. Ben van Beurden, the chief executive, is also said to be worried that the Arctic is undermining his attempts to influence the debate around climate change. His attempts to argue that a Shell strategy of building up gas as a “transitional” fuel to pave the way to a lower carbon future has met with scepticism, partly because of the Arctic operations. Read More here
Monthly Archives: September 2015
28 September 2015, Renew Economy, Coalition dumps chief climate denier Newman, Hunt still hamstrung. In one of the surest signs yet that the Malcolm Turnbull-led Coalition is making a departure from the climate denying, anti-renewable energy thinking that has guided the party’s policy-making from the top down, Maurice Newman will not be reappointed as chairman of the prime minister’s business advisory council. Newman, a far-right conservative and outspoken denier of climate change, was appointed to the role by Tony Abbott in one of his first acts after becoming Prime Minister in 2013, and has been a key influence on Abbott’s policy direction since then. His controversial views on climate change – essentially that it is not happening, and ratherit’s global cooling we should be worried about – have been given a regular airing in a weekly column Newman writes for The Australian. Newman was also behind the push to investigate whether the Bureau of Meteorology was exaggerating temperature data records as part of what he saw as a broader climate change conspiracy. A push that, according to recent evidence revealed by the ABC, was knocked on the head by environment minister Greg Hunt. And so, Turnbull’s decision not to reappoint Newman now that his chairmanship has expired – one of the eight things we recently suggested the new PM could do to show support for renewable energy and climate change – is good news, not least for Hunt, who is now overseeing these departments in a so-called environment “mega-office”. Read More here
27 September 2015, Truthdig, Big Tech May Be Getting Way Too Big—Here’s Why. Conservatives and liberals interminably debate the merits of “the free market” versus “the government.” Which one you trust more delineates the main ideological divide in America. In reality, they aren’t two separate things and there can’t be a market without government. Legislators, agency heads and judges decide the rules of the game. And, over time, they change the rules. The important question, too rarely discussed, is who has the most influence over these decisions and in that way wins the game. Two centuries ago slaves were among the nation’s most valuable assets, and a century ago, perhaps the most valuable asset was land. Then came another shift as factories, machines, railroads and oil transformed America. By the 1920s most Americans were employees, and the most contested property issue was their freedom to organize into unions. In more recent years, information and ideas have become the most valuable forms of property. This property can’t be concretely weighed or measured, and most of the cost of producing it goes into discovering it or making the first copy. After that, the additional production cost is often zero. Read more here
24 September 2015, Hot Air, Dutch government to re-open Urgenda climate change case, The Dutch government has said it wants to re-open the groundbreaking climate change case in which a judge ruled it must cut emissions by at least 25% compared to 1990 levels by 2020. The case was brought by campaign group the Urgenda Foundation and judges ruled in their favour on 24 June 2015, saying the government must do more to protect people from climate change. The government said it would appeal the ruling, but has today raised the stakes by saying it wants to re-open the case entirely. This would give the government and Urgenda the chance to present new arguments, and could take up to three years to complete. In the meantime, the government is legally obliged to comply with the original ruling (to cut emissions by 25% by 2020). Read More here