NewEnergyNews: QUICK NEWS, December 10: Oil Biz And The Climate Crisis Don’t Mix; All Sun All The Time? Not Exactly


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    Tuesday, December 10, 2019

    QUICK NEWS, December 10: Oil Biz And The Climate Crisis Don’t Mix; All Sun All The Time? Not Exactly

    Oil Biz And The Climate Crisis Don’t Mix As the climate crisis grows, Big Oil finds itself over a barrel

    Joel Makower, December 9, 2019 (GreenBiz)

    “…The world’s largest oil and gas companies are facing strong headwinds from activists, investors and communities, pitting the companies’ relentless growth ambitions against the worsening signs of climate change…Greenhouse gas emissions hit a record high in 2019, due in large part to the growth of oil (up 0.9 percent) and gas (up 2.6 percent) during the year, offsetting declining emissions from coal (down 0.9 percent)…[This continues the oil sector’s] decades-old efforts to suppress concerns about climate change…[And over] the next half decade, between 2020 and 2024, the oil and gas sector investments will lock in enough carbon emissions to push warming well beyond 2 degrees Celsius, let alone 1.5 degrees C…

    ...[A new report shows that over the next half-decade,] the oil and gas sector plans to invest $1.4 trillion in new exploration and extraction…[The report] found that 85 percent of the expanded production is slated to come from the United States and Canada over that period…[and] just 25 companies are responsible for nearly half of the production…[The scientific evidence is fueling protests and disinvestment that could have implications for companies in other sectors,] from suppliers and partners to intensive oil-consuming customers…[But the oil and gas sector] doesn’t seem to be budging…Wall Street remains bullish on the sector…” click here for more

    All Sun All The Time? Not Exactly Elon Musk revives his plan to power the United States entirely on solar; The CEO of the company that sells the Tesla Solar Roof speaks out.

    Mike Brown, December 9, 2019 (Inverse)

    “Could you meet the United States entirely from solar energy? Sure, claims tech entrepreneur Elon Musk…[Must recently tweeted that solar ‘is a Gigawatt per square km! All you need is a 100 by 100 mile patch in a deserted corner of Arizona, Texas or Utah (or anywhere) to more than power the entire USA’…The plan itself is clearly a flawed idea — collecting and storing electricity in one small patch of land is just a storm away from knocking the entire country offline — but it illustrates a more realistic proposal that people can meet their electricity demands from zero-emissions sources…

    …[M]uch like the idea to power the world by covering the Sahara Desert in solar panels, or putting a giant floating wind farm in the Atlantic Ocean, the suggestion isn’t so much a call to pick up a shovel and start covering a chunk of the Earth’s surface. It’s more to highlight how humanity has the technology to offer zero-emissions electricity.” click here for more


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