Who's Online

We have 620 guests online

Popular

International Earth Articles
Oilsands crude headed for price shock in 2020 due to new fuel standards PDF Print E-mail
Earth News
Posted by Joan Russow   
Friday, 08 June 2018 18:28
 
The coming marine shipping rules could double or even triple the discount on heavy oil, pushing it much wider than the US$30 a barrel discount from earlier this year
 
Raw oilsands. Tighter pollution rules by the International Maritime Organization is expected to wallop prices for heavy oil containing high levels of sulphur.Jeff McIntosh/The Canadian Press
The Canadian Press
Dan Healing
 
http://business.financialpost.com/commodities/energy/new-marine-fuel-standards-expected-to-hit-prices-for-oilsands-crude-in-2020June 7, 2018
 
1:43 PM EDT
 
Raw oilsands. Tighter pollution rules by the International Maritime Organization is expected to wallop prices for heavy oil containing high levels of sulphur.Jeff McIntosh/The Canadian Press
 
 
 
CALGARY — Canada’s oilsands industry, hard hit by a price storm this year, could be sailing straight into a pricing typhoon stirred up by new fuel standards for the international shipping industry.
 
The tighter pollution rules by the International Maritime Organization, dubbed IMO 2020, are set to take effect Jan. 1, 2020, resulting in the sulphur content limit of “bunker” fuel on ships dropping from 3.5 per cent to just 0.5 per cent.
 
The switch is expected to wallop prices for heavy oil containing high levels of sulphur — exactly the kind of the raw bitumen that makes up about half of Canada’s 4.4 million barrels per day of crude oil production.
 
“It’s bad news for any producers of heavy, sour crude oil,” said Martin Tallett, president of Massachusetts-based oil market research firm EnSys Energy.
 
“The shock is going to go through the system and affect all products, all regions.”
Read more...
 
IUCN Director General’s statement for World Environment Day and World Oceans Day 2018 PDF Print E-mail
Earth News
Posted by Joan Russow   
Tuesday, 05 June 2018 07:40
IUCN Director General’s statement for World Environment Day and World Oceans Day 2018
Tue, 05 Jun 2018
 
We have all seen the images of plastic polluting beaches and entangling marine animals from the tropics to the Arctic. Plastic pollution has become a truly global environmental problem, just as plastic itself is an all-pervasive part of our lives. On this World Environment Day, we are reminded that this challenge has no easy solutions. As such, we must accept that looking for a silver bullet will create the illusion of progress while the real problem only gets worse.
 
Marine life faces growing threats from plastic entering the world's oceans. 
 
Marine life faces growing threats from plastic entering the world's oceans.
 
 
 
Read more...
 
'Carbon bubble' could spark global financial crisis, study warns Advances in clean energy expected to cause a sudden drop in demand for fossil fuels, leaving companies with trillions in stranded assets PDF Print E-mail
Earth News
Posted by Joan Russow   
Tuesday, 05 June 2018 03:28

'Carbon bubble' could spark global financial crisis, study warns

Advances in clean energy expected to cause a sudden drop in demand for fossil fuels, leaving companies with trillions in stranded assets

 

Fiona Harvey Environment correspondent

 

https://www.theguardian.com/environment/2018/jun/04/carbon-bubble-could-spark-global-financial-crisis-study-warns

 

 

Carbon Bubble Crisis

 

A sudden drop in demand for fossil fuels could happen before 2035, a new study shows. Photograph: Florian Gaertner/Photothek via Getty Images


Lignite-fired power station in Poland

 A sudden drop in demand for fossil fuels could happen before 2035, a new study shows. Photograph: Florian Gaertner/Photothek via Getty Images

Plunging prices for renewable energy and rapidly increasing investment in low-carbon technologies could leave fossil fuel companies with trillions in stranded assets and spark a global financial crisis, a new study has found.

 

A sudden drop in demand for fossil fuels before 2035 is likely, according to the study, given the current global investments and economic advantages in a low-carbon transition.

 

The existence of a “carbon bubble” – assets in fossil fuels that are currently overvalued because, in the medium and long-term, the world will have to drastically reduce greenhouse gas emissions – has long been proposed by academics, activists and investors. The new study, published on Monday in the journal Nature Climate Change, shows that a sharp slump in the value of fossil fuels would cause this bubble to burst, and posits that such a slump is likely before 2035 based on current patterns of energy use.

 

Last Updated on Tuesday, 12 June 2018 10:33
Read more...
 
NEW SHIP FUEL RULES COULD SINK TAR SANDS/OIL SANDS EXPANSION PDF Print E-mail
Earth News
Posted by Joan Russow   
Friday, 25 May 2018 12:30
 
OPINION & ANALYSIS
FULL STORY: THE ENERGY MIX @THEENERGYMIX
MAY 24, 2018
By PRIMARY AUTHOR PAUL MCKAY
http://theenergymix.com/2018/05/24/exclusive-new-ship-fuel-rules-could-sink-tar-sands-oil-sands-expansion/
 
 
alt
 
 
The law of unintended consequences may soon cause serious collateral damage to Alberta’s tar sands/oil sands ambitions, and the planned Trans Mountain and Keystone XL pipelines.
 
The United Nations International Maritime Organization (IMO) recently approved new, much stiffer fuel standards for the 50,000 ocean-going vessels which currently burn low-grade, high-sulphur oil. Known as Bunker C, it is cheap and dirty. An estimated four million barrels per day are burned in all manner of merchant ships, including oil tankers. The related greenhouse gas emissions roughly equal those from all sources in Germany.
 
Like this story? Subscribe to The Energy Mix and never miss an edition of our free e-digest.
SUBSCRIBE
But the days of Bunker C are numbered. The fatal bullet will be sulphur-tipped. By 2020, the IMO has mandated that the commercial fleets it represents can only buy and burn ship engine oil with a sulphur content of 0.5%. That is a 700% reduction from the current average. It has been estimated that the 15 largest ocean vessels currently emit as much sulphur annually as all of the world’s cars.
 
And as that massive shift unfolds, Alberta’s tar sands/oil sands production will probably be in the crosshairs.
Last Updated on Friday, 25 May 2018 12:35
Read more...
 
Environmental Uncertainties Halt Deep Sea Mining PDF Print E-mail
Earth News
Posted by Joan Russow   
Tuesday, 22 May 2018 15:13

Environmental Uncertainties Halt Deep Sea Mining

Reprint |    | alt Print | 
alt

The Asia Pacific region is characterised by high marine biodiversity. Credit: Andrew Heyward/AIMS

SYDNEY, Dec 17 2012 (IPS) - The world’s first deep sea mineral (DSM) mining venture in the Bismarck Sea off the northern coast of Papua New Guinea in the southwest Pacific has come to a halt after two years of development.

While the mining company is embroiled in a disagreement over project funding, unprecedented opposition by politicians, academics and local communities has focussed on the unknown environmental and social impacts of this untried mineral extraction process.

Deep sea mining, considered the new resource frontier, has been the subject of debate since the 1960s. But financial and technological constraints have hindered the viability of ventures.

Now, the gradual depletion of land-based mineral resources, a rise in demand for metals by growing economies in Asia and rapid technological advances have generated new interest in deep sea mining.

Read more...
 
Geo-engineering Chemtrails Third annual Summit PDF Print E-mail
Earth News
Posted by Sue Hiscocks   
Monday, 07 May 2018 11:19

What is Canada and the rest of the world going to do to stop the US from spraying stratospheric aerosol over the planet?

 
COP24 MUST AVOID THE SYSTEMIC CONSTRAINTS OF COP21 PDF Print E-mail
Earth News
Posted by Joan Russow   
Friday, 27 April 2018 11:58

By Joan Russow PhD

Clobal Compliance Research Project 

Friday April 27 2018, 

 

 

Image result

 

 

 

At COP 21Ban Ki Moon, in Paris, urged states to negotiate with a global vision not with national vested interests (Cop21 press conference)

 

A global vision  would be: 

to address article 2 of the UNFCCC and at a minimum to immediately end all subsidies for fossil fuel, to calculate the carbon budget for each state,

to divest in fossil fuels and to reinvest in renewable energy, to conserve sinks -such as old growth forests and bogs, to strengthen conservation of  biodiversity, 

to avoid all false solutions such as nuclear, geo-engineering and biofuels which would all violate principles within the UNFCCC, to compensate for historical  emissions,

and to institute a fair and just transition for workers affected negatively by the new vision.  and to promote nature based solutions  and socially equitable

and environmentally sound such as solar, wind, tidal, and geothermal

 

COP24 in Katowice  must avoid the systemic constraints that undermined COP21

SYSTEMIC CONSTRAINTS PREVENTING THE COMMITMENT TO URGENCY

 

IN COP21 IN THE PREAMBLE IS THE “RECOGNITION THAT CLIMATE CHANGE REPRESENTS AN URGENT AND POTENTIALLY IRREVERSIBLE THREAT TO HUMAN SOCIETY AND THE PLANET” YET THE EXISTENCE OF SYSTEMIC CONSTRAINTS PREVENTED COP21 FROM EMBODYING THIS RECOGNITION

 

1.THE BEST IS THE ENEMY OF THE GOOD- THE COMPROMISERS CREDO

2 BASELINES TARGETS TIMEFRAMES WERE ALL OUT OF SYNC

3. -EXPEDIENT OMISSION; GLOBAL CARBON BUDGET. HISTORICAL AND PER CAPITA EMISSIONS

4. THE SHORTNESS OF INSTITUTIONAL MEMORY AND THE UNDERMINING OF LEGAL OBLIGATIONS FROM ARTICLE 2 3 AND 4

5. A SOLUTION SHOULD NEVER BE EQUALLY BAD OR WORSE THAN THE PROBLEM IT IS INTENDED TO SOLVE

6.SOME STATES ARE MORE EQUAL THAN OTHER

7. THE LOWEST COMMON DENOMINATOR; THE  TYRANNY OF CONSENSUS

8 THE FAILURE TO REVERSE THE EXEMPTION FOR THE CONTRIBUTION TO GREEMHOUSE GAS EMISSION

9. RELUCTANCE TO USE THE INTERNATIONAL COURT AGAINST THE MAJOR EMMITTERS FOR THEY VIOLATIONS OF ARTICLE 2 OF THE UNFCCC

10. IGNORING COMMITMMENT FOR FUNDING SOURCE

Last Updated on Thursday, 07 June 2018 12:36
Read more...
 
Protesters built a giant pipeline to greet Justin Trudeau in London PDF Print E-mail
Earth News
Posted by Joan Russow   
Thursday, 19 April 2018 06:32

By Andrea Diaz, CNN - Updated 6:16 PM ET, Wed April 18, 2018

Canadian Prime Minister Justin Trudeau was greeted in Britain's capital with a 98-foot long fake pipeline that blocked the main entrance to the Canadian High Commission."

Greenpeace activists build an "oil pipeline" next to a cutout of Canadian Prime Minister Justin Trudeau was greeted in London on Wednesday with a 98-foot fake pipeline meant to challenge his support of a controversial oil pipeline in his country.

The stunt, which blocked the main entrance to the Canadian High Commission, was orchestrated by Greenpeace activists who oppose a multibillion-dollar pipeline planned in western Canada across indigenous lands.

 

The Trans Mountain expansion, approved in 2016, will help oil companies reach new markets by expanding the capacity of North America's only pipeline with access to the West Coast, and it will nearly triple the number of oil tankers traveling the shared waters between Canada and Washington state.

 

Last Updated on Monday, 23 April 2018 22:05
Read more...
 
No water, no birds': Wood Buffalo National Park among most threatened, warn international scientists PDF Print E-mail
Earth News
Posted by Joan Russow   
Friday, 09 February 2018 09:25

 

It's not looking good for Canada avoiding an endangered listing for Wood Buffalo'

 

The International Union for the Conservation of Nature says low water levels are threatening Wood Buffalo National Park’s ecosystem.
The International Union for the Conservation of Nature says low water levels are threatening Wood Buffalo National Park’s ecosystem. (Courtesy of Mikisew Cree First Nation) 

One of the world's largest groups of conservation scientists says Canada's biggest national park is among the most threatened World Heritage Sites in North America.

The International Union for the Conservation of Nature says Wood Buffalo National Park, which straddles the Alberta-Northwest Territories boundary, is significantly threatened by hydroelectric and oilsands development.

"This is quite embarrassing," said Melody Lepine of the Mikisew Cree First Nation.

Many First Nations members live alongside the park.

"It's not looking good for Canada avoiding an endangered listing for Wood Buffalo," says Lepine.

Last Updated on Friday, 09 February 2018 09:33
Read more...
 
Nuclear Reactors, Bankrupting Their Owners, Closing Early PDF Print E-mail
Earth News
Posted by Joan Russow   
Wednesday, 07 February 2018 08:24

Nuclear Reactors, Bankrupting Their Owners, Closing Early

 

https://www.counterpunch.org/2018/02/06/nuclear-reactors-bankrupting-their-owners-closing-early/

 

alt

Photo by Nuclear Regulatory Commission | CC BY 2.0

On January 22, FirstEnergy Corporation announced that its faulty and nearly-self-destructed Davis-Besse power reactor east of Toledo, Ohio, will be closed well before its license expires. But the shutdown is not because the reactor represents reckless endangerment of public health and safety. FirseEnergy was fine with that. No, the old rattle trap can’t cover its costs any more, not with the electricity market dominated by cheaper natural gas, and renewable wind and solar.

Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Latest News