- Joined
- 14 February 2005
- Posts
- 15,290
- Reactions
- 17,507
Scary to think that a wet 2014 caused China to burn less coal as the hydro facilities were running full steam
As for coal in China, I wonder how much of their actions are based on concern about the climate and how much is based on the pragmatic reality of conventional air pollution and that China's coal reserves are, by most accounts at least, rapidly diminishing. You can't keep mining 3 billion tonnes of coal for too long when you've only got 60 billion tonnes of high grade coal, and another 50 billion tonnes of sub-bituminous and brown coal. Sooner or later, production peaks whether you want it to or not.
Oil company bosses' bonuses linked to $1tn spending on extracting fossil fuels
ExxonMobil, Shell, Chevron, Total and BP pour funding into projects to unlock oil reserves – despite scientists warning they will lead to climate change disaster
Simon Bowers and Harry Davies
Tuesday 26 May 2015 07.00 AEST
Last modified on Tuesday 26 May 2015 09.55 AEST
Bosses at the world’s big five oil companies have been showered with bonus payouts linked to a $1tn (£650bn) crescendo of spending on fossil fuel exploration and extraction over nine years, according to Guardian analysis of company reports.
The unprecedented push to bring untapped reserves into production, and to exploit new and undiscovered fields, involves some of the most complex feats of engineering ever attempted. It also reflects how confident Exxon Mobil, Shell, Chevron, Total and BP are that demand will remain high for decades to come.
The big oil groups are pressing ahead with investments despite the International Energy Agency (IEA) estimating that two-thirds of proven fossil fuel reserves will need to remain in the ground to prevent the earth from warming 2C above pre-industrial levels – a proposed temperature limit beyond which scientists warn of spiralling and irreversible climate change.
Multi-billion-dollar capital projects amount to huge, long-term bets by the big five that exorbitant costs associated with unlocking hydrocarbon reserves in some of the most inaccessible locations on the planet can eventually be recouped and converted into profits.
Bonuses for chief executives at all five firms are tied to the achievement of delivery milestones in the construction and deployment of such projects
There is a really critical story in The Guardian which examines how the big oil companies are approaching new investments in oil and gas exploration.
The short story is simple. The big 5 oil companies are going to spend $1,000 BILLION ($1 Trillion )on huge ultra expensive exploration and production projects over the next 9 years. At the same time the executives of these companies will receive bonuses of hundreds of millions tied to achieving these targets.
So a few questions .
1) Questions are asked about how much it would cost to develop renewable energy technologies to replace our reliance on oil/coal ect. How far would $1trillion go to finance such research ? Perhaps the money is always there it is just a question of directing it.
2) Let's imagine (for the purpose of discussion) that these huge projects are successful in exploiting a host of new resources for the next 30-40 years. Where does that place our world in 2050 when they have to somehow find another few trillion dollars and create oil/gas from God knows what ? Isn't that the basic problem with non renewable energy sources ?
These questions stand completely aside from the global warming effects of all the extra CO2 produced. But on these points alone it is sheer selfish madness.
http://www.theguardian.com/environm...pany-bosses-bonuses-1tr-spending-fossil-fuels
Rare common ground here. Bit I would check the veracity of anything printed byvthe Grsuniad
Nobody in their right mind...
Solutions = either stop using so much oil and gas or pay the price, both economic and environmental, of continuing down this path.
Round-the-world Solar Impulse starts six-day flight from China to Hawaii
The latest leg in the round-the-world attempt by solar-powered Solar Impulse 2 from China to Hawaii will take six days. It could set the record for the longest flight for a single pilot airplane.
CLIMATE CHANGE
Possible artifacts of data biases in the recent global surface warming hiatus
Thomas R. Karl1,*, Anthony Arguez1, Boyin Huang1, Jay H. Lawrimore1, James R. McMahon2, Matthew J. Menne1, Thomas C. Peterson1, Russell S. Vose1, Huai-Min Zhang1
+
Author Affiliations
1National Oceanographic and Atmospheric Administration (NOAA), National Centers for Environmental Information (NCEI), Asheville, NC 28801, USA.
2LMI, McLean, VA, USA.
↵*Corresponding author. E-mail: thomas.r.karl@noaa.gov
Abstract
Much study has been devoted to the possible causes of an apparent decrease in the upward trend of global surface temperatures since 1998, a phenomenon that has been dubbed the global warming “hiatus.” Here we present an updated global surface temperature analysis that reveals that global trends are higher than reported by the IPCC, especially in recent decades, and that the central estimate for the rate of warming during the first 15 years of the 21st century is at least as great as the last half of the 20th century. These results do not support the notion of a “slowdown” in the increase of global surface temperature.
US meteorological body finds global warming 'slow down' did not happen
Date
June 5, 2015 - 12:21PM
Tom Arup
A new analysis by the US National Oceanographic and Atmospheric Administration suggests a recent hiatus in global warming has not occurred.
A much discussed "slow down" in global warming did not actually happen and the heating up of the planet has continued apace since the turn of the century, a new assessment by the lead United States meteorological body has found.
Scientists from the US National Oceanographic and Atmospheric Administration (NOAA) have instead pointed to biases in thousands of global temperature observations as a reason why the rise in global temperatures was thought to have slowed over the past 15 years.
They say once more complete data was included a new assessment of global temperatures found warming since 2000 was matching the pace of the later half of the 20th century, a period widely regarded as seeing significant human-caused global warming.
In an exclusive interview with AFR Weekend, BHP chief executive Andrew Mackenzie confirmed that he “was in conversation” with the group of six petroleum industry chief executives who are reported to have approached the UN and national governments with expressions of interest in manufacturing a workable global emissions marketplace.
…BHP was in a good position to flex its portfolio as the world continued its quest to contain emissions, Mr Mackenzie said. He said material emissions reductions could be achieved through “a lot of little things” including continued advancement in solar technologies, proving more rapidly the long-term efficacy of carbon capture and storage, an expansion of nuclear power production and further profound improvement in the way energy is used.
Ah yes, that Global Warming scare....that farce and scam set up by Al Gore and his scientific cronies.
They even said residents of Tuvalu had already evacuated the islands and moved to Nrw Zealand....In actual fact these islands have grown and the population has doubled in the past 3 decades.
http://blogs.news.com.au/heraldsun/...|section|homepage|homepage&itmt=1433619547870
Even the warmist New Scientist now concedes:
Funafuti atoll, which includes the capital of Tuvalu, is an islet archipelago in the tropical Pacific Ocean made from coral debriswashed up from an underlying reef by waves, winds and currents. Over the past 60 years the sea has risen by around 30 centimetres locally,sparking warnings that the atoll is set to disappear.
But Paul Kench of the University of Auckland, New Zealand, and colleagues found no evidence of heightened erosion. After poring over more than a century’s worth of data, including old maps and aerial and satellite imagery, they conclude that 18 out of 29 islands have actually grown.
As a whole, the group grew by more than 18 hectares, while many islands changed shape or shifted sideways.
Typical piece of biased fluff from Bolt that confuses the issue.
Coastal erosion and deposition is a different issue to Climate change.
I think there is still a bit of debate left on this one basilio. Let's see how this plays out and not accept it uncritically. It does rely on retrospective adjustments after all.Noco what did you make of the recent paper from the American meteorological society which showed that there hasn't been any slowdown in Global Warming in the past 20 years? That in fact global temperatures have been steadily increasing and will continue to do so as far as can be seen.
I suggest that is the critical point of the topic - how hot will our world become and when and how much of the Arctic and Antarctic ice sheets will melt and raise sea levels.
The loudest most repetitious slogan of skeptics has been that global warming has paused or stopped since 1998. Therefore everything is ok.
Now that this statement has been disproved will you reconsider your view ?
http://www.sciencemag.org/content/ea...cience.aaa5632
http://www.theage.com.au/environment...0150605-ghgvhn
Noco what did you make of the recent paper from the American meteorological society which showed that there hasn't been any slowdown in Global Warming in the past 20 years? That in fact global temperatures have been steadily increasing and will continue to do so as far as can be seen.
I suggest that is the critical point of the topic - how hot will our world become and when and how much of the Arctic and Antarctic ice sheets will melt and raise sea levels.
The loudest most repetitious slogan of skeptics has been that global warming has paused or stopped since 1998. Therefore everything is ok.
Now that this statement has been disproved will you reconsider your view ?
http://www.sciencemag.org/content/ea...cience.aaa5632
http://www.theage.com.au/environment...0150605-ghgvhn
I think there is still a bit of debate left on this one basilio. Let's see how this plays out and not accept it uncritically. It does rely on retrospective adjustments after all.
It states page not found on both links.
CLIMATE CHANGE.[/B]
I'm not sure what happened with the links. They were the ones I used in my earlier post and they still work fine when I click on them.
It seems that when i copied and pasted the links they gave up the ghost.
If you want to read the articles go back to post 6329 and try the links thete
Cheers
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?