Economy

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James Howard Kunstler: Diminishing returns

Diminishing returns. These two words are the hinge that is swinging American life — and the advanced techno-industrial world, for that matter — toward darkness. They represent an infection in the critical operations of daily life, like a metabolic disease, driving us into disorder and failure. And they are so omnipresent that we’ve failed to even […]

August 22nd

Annual fossil fuel subsidies top $5 TRILLION globally

It’s practically a conservative mantra. When it comes to support for renewable energy: “Government should not be picking winners and losers.” Most of the time, the argument is made by advocates for fossil fuel companies like ExxonMobil and Koch Industries. The fossil fuel companies say all they want is a level playing field. But in fact, […]

August 9th

California’s Chevron-written cap-and-trade bill passes

More than 50 environmental justice and consumer organizations are outraged by the California Legislature’s passage last night of Big Oil’s cap-and-trade bill, Assembly Bill 398,  while Governor Jerry Brown, legislators and the Western States Petroleum Association are celebrating at the State Capitol. By Dan Bacher  Governor Brown, Senate President pro Tempore Kevin de León, Assembly Speaker Anthony Rendon and […]

July 18th

71% of global greenhouse gas emissions came from just 100 companies

A historic new report from CDP has revealed that 71% of all greenhouse gas emissions since 1988 can be traced back to only 100 fossil fuel producers, a group which together are responsible for 635 billion tonnes of greenhouse gas emissions. By Joshua S Hill  The new research from CDP, formerly the Carbon Disclosure Project, which […]

July 13th

What’s happening with Tesla’s stock price?

Tesla’s stock has been experiencing a drop-off in recent days, with the stock price hitting a low not seen in more than a couple of months. The Tesla stock’s market cap now totals “just” $48.58 billion. Since we previously wrote about Tesla becoming more valuable than GM and Ford, it seemed fitting to correct the record […]

D.C. court hands EPA’s Pruitt a defeat over Obama’s methane rule

In case you missed it, a divided three-judge panel of the D.C. Circuit Court of Appeals ruled Monday that Scott Pruitt, the Environmental Protection Agency-hating EPA administrator, overstepped his authority by delaying enforcement of the standards in a rule designed by the Obama administration to reduce methane emissions from new equipment at oil and gas operations. The court ordered Pruitt to […]

July 5th

Climate change hits Trump supporters HARDEST

It’s a fine irony that the US states with the largest number of Trump supporters and climate change deniers, the people who stand up and cheer when the Philanderer in Chief announces the US will pull out of the Paris climate accords, will be the hardest hit by the effects of climate change. That’s according […]

July 5th

Conservative climate group CRES: After the Paris Agreement , the next steps matter

Citizens for Responsible Energy Solutions Forum calls on top Trump Administration officials to continue to act responsibly on climate change, despite President Trump’s commitment to pulling the US out of the Paris Climate Agreement. TO: The Honorable Rex Tillerson, Secretary, Department of State The Honorable Nikki Haley, U.S. Ambassador to the United Nations The Honorable […]

June 25th

After Peak Oil, what next? Who profits, who loses bigly?

Many people expected that peak oil  would lead to rising prices – basic supply and demand. But reality has been very different. By George Harvey  What we’ve actually seen: Prices dropped because declines in demand actually preceded declines in production. And the result is a market most people, possibly even OPEC leaders, have found unpredictable. We […]

June 20th