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Tue, 2013-12-10 14:48Kevin Grandia
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Survey Lists the Best and Worst Financial Funds When it Comes to Climate Change Risk

Is your pension fund or insurance company a leader or laggard when it comes to avoiding risky bets on the future impacts of climate change?

A new survey released today finds that many major institutional investors, like retirement funds and insurance companies, are putting their investments (read: your money) at risk by not addressing the negative financial impacts posed by climate change and atmospheric disruption.

The survey, called the Global Climate Investment Risk, is based on data acquired from 460 funds who were invited to provide data, either from members of those funds or using publicly available information. Each fund is rated from AAA to X based on investment mix and recognition of the financial risks that climate change will have now and into the future.

Conducted by the Asset Owners Disclosure Project (AODP), the survey concludes that, of the 460 funds, only 5 received a AAA rating, while 173 funds are rated “X.”

Mon, 2013-11-11 11:15Kevin Grandia
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Will Canada Continue to Fail on Climate at International Talks in Poland?

oilsands pollution in Canada

With another round of international climate negotiations opening this week in Warsaw, Poland, and a new poll finding Canadians wanting leadership on the issue, Prime Minister Stephen Harper and his Conservative government have an opportunity to turn the tides on what has been so far a policy trend in the wrong direction.

Since taking the helm, the majority Harper government has floundered at United Nations climate events, relegating Canada to perpetual fossil of the day and year awards.

As someone who has been working in and around these international climate talks and other such global negotiations for many years now, I have witnessed first hand Canada's fall from grace. Our small country (population-wise) has historically hit well above its weight in many international forums, with a reputation for neutrality and expert diplomacy. Now, we are called a “petrostate” and a “climate obstructionist” at such talks. 

Sat, 2012-08-11 10:59Farron Cousins
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Romney’s New Campaign Strategy: Attack Green Jobs During Massive Unemployment

Since President Obama took office, industry-funded think tanks and faux grassroots organizations, along with oil-friendly politicians have been collectively demanding to know “where are the jobs?” And with last month’s jobs report showing an increase in the U.S. unemployment rate (even though there was a net job gain for the month, making 28 consecutive months of private sector job growth) it would be unwise for any politician seeking national office to attack programs to put Americans back to work. But Republican presidential candidate Mitt Romney is doing exactly that.

On the campaign trail recently, Romney took a few jabs at Obama, claiming that the president has an “unhealthy obsession with green jobs,” a claim that numerous media outlets are warning will not resonate well with the American public.

The Associated Press points out, as we mentioned last week, that Romney’s energy plan (which is being guided by industry insiders) would cut tax breaks for renewable energy sources like wind energy, while expanding tax breaks for oil companies. AP also noted that the American public, by a two-to-one margin, favor renewable energy over fossil fuels, showing that Romney’s positions go against the majority of Americans.

While most media outlets have only given cursory attention to Romney’s comments about Obama’s alleged “obsession” with green jobs, it's not a remark that should be taken lightly. In fact, it tells us a lot about what we can expect from Romney should he win the presidency.

Sun, 2012-06-03 08:00Farron Cousins
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Dirty Energy Lobby Wins In EU – Shale Gas Now Considered “Green Energy”

In a headline that would appear to be ripped off the pages of The Onion, The Guardian UK this week reported “Gas rebranded as green energy by EU.”

After billions of dollars spent in lobbying efforts over the years, the dirty energy industry in the European Union has managed to convince leaders that natural gas – produced from both traditional extraction and from fracking – is a green, clean, renewable resource, no different than solar or wind power.

From The Guardian:
  

Energy from gas power stations has been rebranded as a green, low-carbon source of power by a €80bn European Union programme, in a triumph of the deep-pocketed fossil fuel industry lobby over renewable forms of power.

In a secret document seen by the Guardian, a large slice of billions of euros of funds that are supposed to be devoted to research and development into renewables such as solar and wave power are likely to be diverted instead to subsidising the development of the well-established fossil fuel.

The news comes as a report from the respected International Energy Agency predicted a “golden age for gas” with global production of “unconventional” sources of gas (notably shale gas extracted by hydraulic fracturing or 'fracking') tripling by 2035.
 

In the EU, the shale gas lobby has been working for more than 18 months to get the “green energy” label in attempts to get their hands on renewable energy subsidies, and brand themselves as a cleaner alternative to fossil fuels. They have also been touting that they are less costly than other forms of “green energy.”

Fri, 2011-11-04 07:38Farron Cousins
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IBM Launches 2nd Annual Smarter Cities Challenge

At a time when corporations’ misdeeds are under a bright spotlight (and rightfully so,) we needn’t overlook the few companies that are working to bring innovation and technology to cities across the planet in desperate need of modernization. One of those companies is IBM, which is currently working on its 2nd annual Smarter Cities Challenge.

The program for this year will include a $50 million grant to cities to help improve infrastructure, technology, and energy efficiency. From a press release on this year’s program:

This highly successful grant program provides select applicant cities with access to teams of elite IBM employees with expertise on a variety of urban-related matters, such as finance, sustainability, public safety, and citizen services. They devote weeks of their time analyzing unique opportunities and challenges facing municipalities, particularly within the context of today's challenging economic climate. After conferring with officials, citizens, businesses, academics and community leaders, the IBM teams recommend actions to make the delivery of services to citizens more efficient and innovative. Issues addressed include jobs, health, public safety, transportation, social services, recreation, education, energy, and sustainability.

Earlier this year, IBM’s Smarter Cities Challenge announced its 2011 grant winners, which included grants for much-needed environmental improvements in developing areas. For example, the city of Antofagasta, Chile received grants to help improve their irrigation systems, a social media infrastructure to voice environmental concerns, and an sustainable green energy program that will pull in government, academics, and private sector companies to help shift the city to cleaner, renewable energy programs.

Thu, 2010-02-25 11:18Kevin Grandia
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Common Sense and the Attack on the IPCC

When all logic leaves an argument, which is something that seems to happen on a daily basis in politics, it is good to step back and lay things out in black and white. Give some perspective to a situation to show just how ridiculous the situation has become.

The unprecedented attack on the Intergovernmental Panel of Climate Change (IPCC) has reached new heights with Republican Senator James Inhofe now calling for criminal investigations into the work of prominent climate change scientists.

Inhofe makes some very broad claims, based on a very narrow band of evidence, saying that, “the Minority Staff believes the emails and accompanying documents seriously compromise the IPCC-based “consensus” and its central conclusion that anthropogenic emissions are inexorably leading to environmental catastrophes.”

Inhofe is claiming that based on statements made in 3 emails, by a single person, he has enough evidence to now claim that decades of research by thousands of scientists is “seriously compromised.” Like I said, politics and logic rarely go had-in-hand.

To lay out in black and white, below I have compiled a list of the scientific references used in just two of the forty four chapters of the last IPCC report. There are thousands of papers, by thousands of scientists, over decades that make up this body of research.

Even if the so-called “climate gate” turned out to be the scandal Inhofe wants it to be, you could throw out that research and there would still remain thousands of papers, by thousands of scientists.

Take a quick look below at the list and you’ll see what I mean. That is, of course, if you’re willing to allow common sense back into the conversation on the subject of climate change.

Fri, 2010-01-08 11:48Brendan DeMelle
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BBC Trots Out Skeptic Benny Peiser To Question Global Warming In A Snow Storm

The BBC used Britain’s recent snowy cold snap to trot out the climate skepticism of Dr. Benny Peiser, a social anthropologist at Liverpool’s John Moores University with absolutely zero scientific expertise in climate change. 

In a segment titled “How the big freeze fits theories of global warming,” exploring “how one of the longest cold snaps for a generation fits in with theories of a warming planet and global climate change,” the BBC oddly shoehorns Peiser’s climate change denialism into an otherwise decent piece explaining the difference between weather and climate and why the existence of snow and cold weather does not in any way negate the realities of climate change.

So what could Dr. Peiser - whose greatest achievement in science is getting an asteroid named after him – have to offer on the subject of climate change?

Mon, 2009-11-30 19:54Jim Hoggan
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Who’s Killing the Copenhagen Climate Treaty? The Chamber of Commerce

us chmaber of commerce

The U.S. Chamber of Commerce has already done everything it can to kill the chances of a legally binding agreement emerging from the Copenhagen climate change summit.

Now it can sit back, relax and watch the action from a coffee shop outside the United Nations conference, content that its efforts to derail U.S. climate policy have effectively hamstrung the international negotiations.

As explained clearly in “The Global Climate Change Lobby,” an excellent new report from the Center for Public Integrity, corporate lobbyists and trade associations focus their attention on tampering with domestic legislative efforts, and then stand by and watch as their positions and talking points contaminate international negotiations indirectly.

Business interests (or BINGOs as they’re called in U.N. speak) “can have very little effect at these meetings,” according to Nick Campbell, a European industry lobbyist who has represented the International Chamber of Commerce at U.N. climate talks since the early 1990s when the global effort to fight climate change began with the Rio Earth Summit.

If the Chamber or other lobbying groups send any staff to international summits like the upcoming Copenhagen conference, their goal is to “loiter” in the coffee shops and collect business cards from delegates they can target later on legislative matters back home.

Fri, 2009-11-06 11:55Brendan DeMelle
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U.S. Climate Envoy Slams Inhofe's Attempts To Influence Copenhagen

At the U.S. delegation press conference this afternoon on the final day of the Barcelona climate talks, I asked U.S. deputy climate change envoy Jonathan Pershing what effect, if any, Senator James Inhofe (R-Denial) might have on the process in Copenhagen, and whether GOP intransigence is hurting Obama’s ability to come up with a firm number on U.S. emissions reductions.

Fri, 2009-10-30 11:21Kevin Grandia
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Laurie David, will you marry me?

I really don’t know what to make of this video. At the least, it’s very entertaining, but I don’t know if it will woo the likes of Laurie David to the alter!

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