It’s ‘Game Over’ for Fossil Fuels

bookcoverleggettI’d really like to think oil companies will soon admit the game is up: The extraction of fossil fuels is going to become increasingly financially uneconomic and socially unacceptable. After all, it is almost 4 months since Mark Carney said as much at the Bank of England: http://www.commondreams.org/news/2015/09/30/bank-england-head-warns-potentially-huge-risks-literally-unburnable-fossil-fuel It is also 20 months since Lloyds of London urged financial investors to consider the risks of continuing to back fossil fuels: http://blueandgreentomorrow.com/2014/05/09/insurers-should-consider-climate-risks-says-lloyds-of-london/ No wonder academics that have watched 50% of the Great Barrier Reef disappear in the last 30 years – and say it will all be gone in another 20 years – are almost reduced to tears: ‘Does Australia Care About Saving The Great Barrier Reef?’ (Andrew McMillen, in GQ Australia, 18 January 2016) The Guardian may be five years late with it’s warning that humanity has now delayed the onset of the next Ice Age by 100 thousand years – a prospect first highlighted by the Geological Society of London in 2010 – but this is no excuse for the oil industry to continue to deny the nature of reality. The game is up. Now is the time to invest in non-fossil alternatives that could even make Forumla1 carbon neutral. Alternatives like the mixed alcohol fuels being produced by Bioroot Energy: Fuels that can be created from any waste product containing carbon. http://www.biorootenergy.com/about/ This is the hydrocarbon equivalent of the nuclear industry’s Fast Breeder Reactor, which could burn all the world’s nuclear waste and the 99% of the Earth’s uranium that a conventional reactor cannot burn and, when we’re through with all of that, we could extract uranium from seawater… https://anthropocenereality.wordpress.com/2011/11/08/our-three-biggest-problems-solved/

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About Rick Altman

Possibly just another 'Climate Cassandra' crying 'Wolf' in cyberspace. However, the moral of the old children's story is that the Wolf eventually turned up!
This entry was posted in Anthropocene, Climate Science, Denial, Energy Crisis, Environment, Financial Crisis, Fossil Fuels, Palaeoclimatology, Politics, Renewable Energy and tagged , , , , , . Bookmark the permalink.

One Response to It’s ‘Game Over’ for Fossil Fuels

  1. Pingback: Is this ‘Game Over’ for climate change mitigation? | Anthropocene Reality (by Rick Altman)

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