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Global Warming Media Articles
Excerpts of Key Global Warming Media Articles in Major Media


Below are highly revealing excerpts of important global warming articles reported in the media suggesting a major cover-up. Links are provided to the full articles on major media websites. If any link fails to function, read this webpage. These global warming articles are listed by article date. You can also explore the articles listed by order of importance or by date posted. By choosing to educate ourselves on these important issues and to spread the word, we can and will build a brighter future.

Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.


Schwarzenegger says he wants to sue global oil companies for first-degree murder
2018-03-13, CNBC/USA Today
https://www.cnbc.com/2018/03/13/schwarzenegger-says-he-wants-to-sue-global-oi...

Arnold Schwarzenegger says he is going after Big Oil and climate change. The actor and former governor of California said in a Politico-sponsored podcast ... that he is in talks with law firms about possibly suing global oil companies "for knowingly killing people all over the world." "The oil companies knew from 1959 on, they did their own study that there would be global warming happening because of fossil fuels, and on top of it that it would be risky for people's lives, that it would kill," Schwarzenegger said. "I don't think there's any difference: If you walk into a room and you know you're going to kill someone, it's first degree murder; I think it's the same thing with the oil companies," he said. In the podcast, Schwarzenegger compares the issue to the tobacco industry. "The tobacco industry knew for years and years and years and decades, that smoking would kill people ... and were hiding that fact from the people and denied it," Schwarzenegger said. "Then eventually they were taken to court and had to pay hundreds of millions of dollars because of that." He argues that every gas station, car and product with fossil fuels should have a warning label on it. He hopes that this will raise awareness about cleaner cars and alternative fuels. "We're going to go after them. Because to me it's absolutely irresponsible to know that your product is killing people and not have a warning label on it, like tobacco," he said.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and climate change.


Coal’s rapid decline drives carbon emissions down to 1890 levels
2018-03-07, Financial Times
https://www.ft.com/content/47563b2a-21f6-11e8-9a70-08f715791301

Declining coal use has pushed UK carbon emissions to levels last consistently seen in 1890, highlighting the country’s progress in cutting greenhouse gases faster than most other developed economies. Emissions fell by 2.6 per cent in 2017, driven by a nearly one-fifth reduction in the use of coal as the energy industry shifts towards cleaner sources of electricity generation, especially wind and solar power. The data marked the fifth successive year in which the amount of carbon dioxide pumped into UK skies has fallen, and emissions are now 38 per cent below the level of 1990. “With coal quickly disappearing in the UK and other fossil fuel use mostly flat, emissions have continued their steady decline,” said Zeke Hausfather, author of the report by Carbon Brief, a climate research and news organisation, which based its findings on the latest UK government data. Britain’s success in driving down emissions contrasts with Germany, where the country’s continued dependence on coal for about 40 per cent of electricity generation has dented Chancellor Angela Merkel’s green credentials and put the country’s climate targets at risk. More than two-thirds of today’s emissions still need to be eliminated if Britain is to meet its legally binding goal to reduce CO2 output by 80 per cent below 1990 levels by 2050.

Note: In 2017, for the first time since the 1800's, Britain went a day without burning coal to generate electricity. For more along these lines, see concise summaries of deeply revealing climate change news articles from reliable major media sources.


These Are The World’s Greenest Cities
2018-02-27, Bloomberg
https://www.bloomberg.com/graphics/2018-renewable-cities/

Cities around the globe are going green. Over 100 cities from Addis Ababa to Auckland use more than 70 percent renewables in their energy mix, according to CDP research. The places where populations are at their most dense and pollution is at its highest are doing their bit to battle rising global temperatures by turning to hydro, geothermal, solar and wind to keep the lights on. Since the Paris Agreement to limit global warming to below 2 degrees, city leaders have improved their environmental reporting and set firm emissions reductions targets, CDP said. In the U.S. 58 cities and towns, including Atlanta and San Diego, have committed to move to 100 percent clean energy. Meanwhile Burlington, Vermont, claims to be the first city in the country to get its energy from entirely renewable sources. Only a handful of the more than 100 North American cities that reported their energy mix to CDP use at least 70 percent renewable energy, while a majority of Latin American cities that reported passed that threshold. “Many cities in the developing world have capitalized on their local natural resources. This pioneering activity has largely been driven by local economic needs and political will,” said Kyra Appleby, director of cities at CDP.

Note: An interactive map of the world's greenest cities is available at the link above. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Norway Is Investing $13 Million To Upgrade Doomsday Seed Vault
2018-02-27, Huffington Post
https://www.huffingtonpost.com/entry/norway-doomsday-seed-vault-upgrade_us_5a...

Norway’s doomsday agricultural seed vault will get a $13 million upgrade to better protect world food supplies. The work on the Svalbard Global Seed Vault, located nearly 400 feet beneath the earth’s surface inside a coal mine, was announced ... as the international facility celebrated its 10th anniversary and its holding of more than 1 million seed samples. The facility, which is fully funded by the Norwegian government, offers any government access to seeds in case of natural or man-made disaster. The concept was successfully tested in 2015, with a seed withdrawl to help Syria re-establish crops wiped out by the country’s civil war. The upgrades will include a concrete access tunnel, a service building for emergency power and refrigerating units, as well as other electrical equipment that will emit heat through the tunnel. The decision to upgrade to the access tunnel comes nearly one year after the vault’s entryway flooded due to unprecedented melting of the area’s permafrost. Though the flooding did not damage any seeds, it served as a jarring reminder of the growing effects of climate change. The vault was designed to take advantage of the location’s permafrost as a permanent feature offering natural cooling protection for the seeds.

Note: Read more about the Svalbard Global Seed Vault. For more along these lines, see concise summaries of deeply revealing climate change news articles from reliable major media sources.


Climate Change Just Got a Little Less Terrible
2018-02-09, Bloomberg
https://www.bloomberg.com/news/articles/2018-02-09/climate-change-just-got-a-...

There are some 20,000 research papers listed on Google Scholar, a search engine for academics, that mention the worst-case scenario for climate change. Basically, it’s the most cataclysmic estimate of global warming. This scenario is important to scientists. According to a provocative new analysis from the University of British Columbia, it’s also wrong. This is good news. The researchers contend that current goals of reducing coal, oil and gas consumption may be closer than we think. The basic issue has to do with coal. Quite simply, the more we burn, the faster we destroy the atmosphere. The darkest scenario assumes much more coal burning will take place in this century than is likely to happen, according to the study’s authors. For example, the most extreme worst-case storyline assumes that by 2100 coal would grow to 94 percent of the world energy supply. In 2015, that figure was about 28 percent. The new work, published this week in Environmental Research Letters, shows just how much all that phantom coal may be distorting our picture of what the future may look like. It casts “doubt on whether this outlook is still valid,” the researchers write. The amount of greenhouse gases emitted as a result of using energy - called the carbon intensity of energy - has been slipping for decades. The drop in carbon intensity is likely to continue. [The new study] suggest that climate scenarios should be adjusted to capture this “passive decarbonization.”

Note: For more along these lines, see concise summaries of deeply revealing climate change news articles from reliable major media sources.


NYC sues, divests from oil firms over climate change
2018-01-10, ABC News/Associated Press
http://abcnews.go.com/Technology/wireStory/nyc-taking-steps-divest-pension-fu...

New York City is taking on the oil industry on two fronts, announcing a lawsuit Wednesday that blames the top five oil companies for contributing to global warming and saying the city will sell off billions in fossil fuel investments from the city's pension funds. Democratic Mayor Bill de Blasio received immediate blowback from some of the companies, while winning praise from environmentalists and others. "We're bringing the fight against climate change straight to the fossil fuel companies that knew about its effects and intentionally misled the public to protect their profits," the mayor said. "As climate change continues to worsen, it's up to the fossil fuel companies whose greed put us in this position to shoulder the cost of making New York safer and more resilient." The city alleges the fossil fuel industry was aware for decades that burning fuel was impacting climate change. The defendants in the city's federal lawsuit are BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell. New York's lawsuit ... follows similar litigation filed by San Francisco, Oakland, and Santa Cruz in California. Also Wednesday, de Blasio and Comptroller Scott Stringer said they intend to divest the city's five pension funds of roughly $5 billion in fossil fuel investments out of its total of $189 billion. The divestment is the largest of any municipality in the U.S. to date. "Safeguarding the retirement of our city's police officers, teachers and firefighters is our top priority, and we believe that their financial future is linked to the sustainability of the planet," Stringer said.

Note: For more along these lines, see concise summaries of deeply revealing climate change news articles from reliable major media sources.


China is crushing the U.S. in renewable energy
2017-07-18, CNN News
http://money.cnn.com/2017/07/18/technology/china-us-clean-energy-solar-farm/

As the Trump administration yanks the U.S. out of the Paris climate change agreement, claiming it will hurt the American economy, Beijing is investing hundreds of billions of dollars and creating millions of jobs in clean power. "Even in China where coal is - or was - king, the government still recognizes that the economic opportunities of the future are going to be in clean energy," said Alvin Lin, Beijing-based climate and energy policy director with the Natural Resources Defense Council. More than 2.5 million people work in the solar power sector alone in China, compared with 260,000 people in the U.S.. While President Trump promises to put American coal miners back to work, China is moving in the opposite direction. Coal still makes up the largest part of China's energy consumption, but Beijing has been shutting coal mines and set out plans last year to cut roughly 1.3 million jobs in the industry, [as well as] pledged in January to invest 2.5 trillion yuan ($367 billion) in renewable power generation - solar, wind, hydro and nuclear - by 2020. China's growing dominance in the [renewable power] sector has had a huge effect on the global market. Manufacturers dramatically ramped up production of solar panels, driven by an estimated $42 billion in government subsidized loans between 2010 and 2012. The U.S. accused China of flooding the market and the Commerce Department started imposing steep tariffs on Chinese-made solar panels in 2012 in a bid to protect American producers.

Note: The world's biggest floating solar power plant was recently built in China. And in the US, the solar power industry now employs more workers than the coal, oil and natural gas industries combined.


For First Time Since 1800s, Britain Goes a Day Without Burning Coal for Electricity
2017-04-21, New York Times
https://www.nytimes.com/2017/04/21/world/europe/britain-burning-coal-electric...

Friday was the first full day since the height of the Industrial Revolution that Britain did not burn coal to generate electricity. Coal powered Britain into the industrial age and into the 21st century, contributing greatly to the “pea souper” fogs that were thought for decades to be a natural phenomenon of the British climate. For many living in the mining towns up and down the country, it was not just the backbone of the economy but a way of life. But the industry has been in decline for some time. The last deep coal mine closed in December 2015, though open cast mining has continued. Reducing the world’s reliance on coal and increasing the use of renewable energy sources like solar and wind power have long been part of proposals to prevent the worst consequences of climate change. Now on a path to phase out coal-fired power generation altogether by 2025, Britain, also the home of the first steam engine, is currently closing coal plants and stepping up generation from cleaner natural gas and renewables, like wind and solar. Some countries have already left coal behind in power generation. In Switzerland, Belgium and Norway, “every day is a coal-free day,” Carlos Fernández Alvarez, a coal analyst at the International Energy Agency in Paris, pointed out. In the United States, where coal still accounts for about 30 percent of power generation, Vermont and Idaho are the only coal-free states, and California is close behind, he said.

Note: In the US, the solar power industry now employs more workers than the coal, oil and natural gas industries combined.


I am an Arctic researcher. Donald Trump is deleting my citations
2017-03-28, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/commentisfree/2017/mar/28/arctic-researcher-donal...

As an Arctic researcher, I’m used to gaps in data. Just over 1% of US Arctic waters have been surveyed to modern standards. Over the past two months though, I’ve been navigating a different type of uncharted territory: the deleting of what little data we have by the Trump administration. At first, the distress flare of lost data came as a surge of defunct links on 21 January. The US National Strategy for the Arctic, the Implementation Plan for the Strategy, and the report on our progress all gone within a matter of minutes. As I watched more and more links turned red, I frantically combed the internet for archived versions of our country’s most important polar policies. This disappearing act had just begun. Since January, the surge has transformed into a slow, incessant march of deleting datasets, webpages and policies about the Arctic. I now come to expect a weekly email request to replace invalid citations, hoping that someone had the foresight to download statistics about Arctic permafrost thaw or renewable energy in advance of the purge. Each defunct page is an effort ... to deliberately undermine our ability to make good policy decisions by limiting access to scientific evidence. In a remote region where data is already scarce, we need publicly available government guidance and records now more than ever before. It is hard enough for modern Arctic researchers to perform experiments and collect data to fill the gaps left by historic scientific expeditions. We don’t have time to fill new data gaps created by political malice.

Note: For more along these lines, see concise summaries of deeply revealing news articles about government corruption and climate change.


Trump to shelve fuel mileage rules
2017-03-15, Los Angeles Times
http://www.latimes.com/politics/la-na-pol-trump-autos-20170315-story.html

President Trump directed the Environmental Protection Agency on Wednesday to shelve aggressive vehicle fuel economy targets that have been a foundation for battles against climate change and harmful pollution in California and across the country. The regulations to be reviewed ... had set ambitious targets for vehicle mileage. The decision puts the White House on a path toward a direct and costly confrontation with California. State officials, pointing to California’s unique authority under the Clean Air Act, have made clear they will not waver from requiring passenger cars to average about 54 miles per gallon by 2025, up from an average of 36 miles per gallon today. Trump’s announcement comes amid a lobbying blitz from a coalition of the world’s largest vehicle makers, which complained in a letter to the new administration that the existing EPA rules place unreasonable and expensive demands on the industry. The ultimate fate of the regulations may now be decided in a legal brawl between California and the Trump administration. The state is already moving to defend the federal regulations in court. "Any weakening or delay of the national standards will result in increased harms to our natural resources, our economy, and our people,” reads a legal filing submitted Tuesday by the state. Under the Clean Air Act, the state can impose emissions standards stronger than those set by the federal government, and a dozen other states have embraced the California rules.

Note: Many believe that fuel efficiency is determined by marketplace demand for more efficient vehicles. As this article shows, this is not the case. Congress mandates the average mpg of vehicles sold, and industry must comply. For more, see this essay.


UK carbon emissions drop to lowest level since 19th century, study finds
2017-03-07, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/environment/2017/mar/06/uk-carbon-emissions-drop-...

The UK’s carbon dioxide emissions have fallen to their lowest level since the 19th century as coal use continues to plummet, analysis suggests. Emissions of the major greenhouse gas fell almost 6% year on year in 2016, after the use of coal for electricity more than halved to record lows, according to the Carbon Brief website, which reports on climate science and energy policy. The assessment suggests carbon emissions in 2016 were about 381m tonnes, putting the UK’s carbon pollution at its lowest level ... since 1894. Carbon emissions in 2016 are about 36% below the reference year of 1990, against which legal targets to cut climate pollution are measured. Emissions of carbon dioxide from coal fell 50% in 2016 as use of the fossil fuel dropped by 52%, contributing to an overall drop in carbon output of 5.8% last year compared with 2015, Carbon Brief said. The assessment reveals that coal use has fallen by 74% in just a decade. UK coal demand is falling rapidly because of cheaper gas, a hike in carbon taxes on the highly polluting fuel, expansion of renewables, dropping demand for energy overall and the closure of Redcar steelworks in late 2015. While emissions from coal fell in 2016, carbon output from gas rose 12.5% because of increased use of the fuel to generate electricity – although use of gas remains well below highs seen in the 2000s. Gas use for home and business heating has been falling for a decade, thanks to more insulation and efficient boilers.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


EPA scientists held back from conference: Cost-cutting or something more?
2017-02-11, Christian Science Monitor
http://www.csmonitor.com/Environment/2017/0211/EPA-scientists-held-back-from-...

At this week’s Alaska Forum on the Environment, 17 EPA employees were no-shows – and not by choice. The agency had planned to send 34 staff members to the week-long conference. But after the White House transition team demanded cutbacks, the Environmental Protection Agency only allowed half to attend. The EPA’s announcement comes after months of criticism by President Trump and his advisors, and a paring-down of climate science on government websites. Regardless of the motives behind this particular action, it continues a years-long trend of cuts to government agencies’ travel funds. Scientific research, which involves a regular exchange of ideas and findings, has been hit especially hard. The federal government faced major pressure to curb travel spending in 2012, when an Inspector General’s report revealed that the General Services Administration had spent more than $820,000 on a lavish conference in Las Vegas. The Office of Management and Budget promptly issued a memo directing each federal agency to spend 30 percent less on travel than it had in 2010. This week’s Alaska Forum on the Environment wasn’t exclusively for scientists. In addition to federal agencies like the Centers for Disease Control and Prevention (CDC) and the National Oceanic and Atmospheric Administration (NOAA), it featured military personnel and representatives from Alaska’s state, local, and tribal governments. Its panels addressed topics such as climate change, oil spills, and hazardous waste, which have both science and public policy aspects.

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and climate change.


‘Shell knew’: oil giant's 1991 film warned of climate change danger
2017-02-08, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/environment/2017/feb/28/shell-knew-oil-giants-199...

The oil giant Shell issued a stark warning of the catastrophic risks of climate change more than a quarter of century ago in a prescient 1991 film that has been rediscovered. Shell’s 28-minute film, called Climate of Concern ... warned of extreme weather, floods, famines and climate refugees as fossil fuel burning warmed the world. A separate 1986 report, marked “confidential” and also seen by the Guardian, notes: “The changes may be the greatest in recorded history.” The predictions in the 1991 film for temperature and sea level rises and their impacts were remarkably accurate. Shell was one of the first major oil companies to accept the reality and dangers of climate change. But, despite this early and clear-eyed view of the risks of global warming, Shell invested many billions of dollars in highly polluting tar sand operations and on exploration in the Arctic. It also cited fracking as a “future opportunity” in 2016, despite its own 1998 data showing exploitation of unconventional oil and gas was incompatible with climate goals. Shell ... is estimated to have spent $22m in 2015 lobbying against climate policies, [and] has also been a member of industry lobby groups that have fought climate action. Another oil giant, Exxon Mobil, is under investigation ... for allegedly misleading investors about the risks climate change posed to its business. In early 2016, a group of congressmen asked the Department of Justice to also “investigate whether Shell’s actions around climate change violated federal law”.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and climate change.


Donald Trump's White House 'gags' at least three US government agencies including the EPA
2017-01-25, The Independent (One of the UK's leading newspapers)
http://www.independent.co.uk/news/world/americas/donald-trump-white-house-gag...

Donald Trump’s administration has appeared to ban at least three Government agencies from speaking to journalists, providing documents to the public or even tweeting. Department of Agriculture, Department of Health and Human Services and Environmental Protection Agency staff are all reportedly subject to gagging orders. As well as the prohibition of social media posts ... the EPA has been ordered to freeze all grants, contracts and other agreements until further notice. A memo sent to EPA staff said there should be no press releases sent to “external audiences” and that “no social media will be going out”. The letter ... also says that a digital strategist will be drafted in to oversee the agency’s social media and that “existing, individually controlled social-media accounts may become more centrally controlled”. Department of Health and Human Services (HHS) ... employees were told not to publish any new documents or correspondence in any public forum, including the Federal Register, and not to discuss any documents or rules with public officials until it is reviewed by the administration. Staff at the USDA’s Agricultural Research Service received a memo on Monday telling them not to provide any documents to the public including press releases and social media. The email told employees, including about 2,000 staff scientists, that “starting immediately and until further notice”, they could not release any documents or post on social media.

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and mass media manipulation.


Solar and wind power cheaper than fossil fuels for the first time
2017-01-05, The Independent (One of the UK's leading newspapers)
http://www.independent.co.uk/environment/solar-and-wind-power-cheaper-than-fo...

Solar energy is now cheaper than traditional fossil fuels. Solar and wind is now either the same price or cheaper than new fossil fuel capacity in more than 30 countries, according to a new report from the World Economic Forum. The influential foundation has described the change as a "tipping point" that could make fighting climate change into a profitable form of business for energy companies. But investors and energy firms are still failing to put money into such green solutions despite the fact that they are cheaper than more traditional forms of electricity generation. “Renewable energy has reached a tipping point – it now constitutes the best chance to reverse global warming,” said Michael Drexler, Head of Long Term Investing, Infrastructure and Development at the World Economic Forum. Just ten years ago, generating electricity through solar cost about $600 per MWh, and it cost only $100 to generate the same amount of power through coal and natural gas. But ... today it only costs around $100 the generate the same amount of electricity through solar and $50 through wind. The cheap price of solar and wind energy is already encouraging companies to build more plants to harvest it. The US is adding about 125 solar panels every minute ... and investment in renewables in 2015 rose to $286 billion, up 5 per cent from the year before. Even despite that cheap price ... the worldwide investment is only 25 per cent of the $1 trillion goal set in the landmark Paris climate change accord.

Note: Why are most of the media in the US hardly reporting this inspiring news at all? Read more on this great news in this informative essay.


Trump’s Cabinet nominees want to reshape the nation — and the Earth
2016-12-15, San Francisco Chronicle (One of SF's leading newspapers)
http://www.sfchronicle.com/politics/article/Trump-s-Cabinet-nominees-want-to-...

The latest batch of President-elect Donald Trump’s Cabinet nominees are poised to reshape not only the nation, but also the planet. The man tapped to be America’s chief diplomat is a trusted friend of Russia, the nation’s longtime geopolitical rival. The man tapped to lead the Department of Energy has long pledged to kill it. Russia [awarded him] its Order of Friendship in 2013, one of the highest awards Moscow gives foreigners. The man nominated to shepherd the Labor Department opposes raising the minimum wage. And Trump’s nominees to run the Environmental Protection Agency and the departments of Interior and Energy are dubious about the science behind climate change. Trump tapped these men — most of his nominees are wealthy, white men — because they are top “deal-makers.” And while they may not be creatures of Washington, they are still part of the nation’s elite and a far cry from Trump’s campaign promise to “drain the swamp” of entrenched power-brokers. “It’s a cabinet of tycoons,” said Eleni Kounalakis, a San Francisco business executive who served as U.S. ambassador to Hungary from 2010 to 2013. “He believes business tycoons know what’s best. Like what’s best for Exxon is best for America.”


ExxonMobil fires back at AG Maura Healey with own suit
2016-12-05, Boston Globe
http://www.bostonglobe.com/metro/2016/12/04/mass-exxonmobil-tangle-court-over...

Law enforcement officials announced last spring that they were pursuing fraud investigations against the world’s largest oil company, ExxonMobil. “Fossil fuel companies ... deceived investors and consumers about the dangers of climate change,” [Attorney General Maura] Healey said at the time. Now those words are being used against Healey, in a lawsuit filed by ExxonMobil. In a stunning offense-is-the-best-defense legal strategy, the company is ... saying the Massachusetts Democrat’s investigation violates their free speech and other constitutional rights. In its legal battle to shut down her investigation, ExxonMobil has demanded that she testify about her efforts and provide documents from her office. Healey contends the corporate response is unprecedented: Not only is [ExxonMobil] refusing to comply, it is demanding an investigation of the investigating agency. “They took the tack of trying to shut down this investigation by suing us,” she said. When Healey issued subpoenas seeking ExxonMobil’s documents on climate change dating to the 1970s, she was “abusing the power of government to silence a speaker she disfavors,” lawyers for ExxonMobil wrote in their June lawsuit against her, alleging a violation of the company’s rights. And they criticized the stories that prompted the investigation: Reports published in 2015 ... suggested ExxonMobil had encouraged climate change confusion for years, despite its own research documenting the risks.

Note: Read more on Exxon Mobile's climate change deceptions. For more along these lines, see concise summaries of deeply revealing news articles on global warming and corporate corruption.


How to deal with worries about stranded assets
2016-11-24, The Economist
https://www.economist.com/news/special-report/21710632-oil-companies-need-hee...

Mark Carney, the governor of the Bank of England, addressed the insurance industry on climate change [in 2015]. He dropped a bombshell on the oil industry. His message was twofold. First, if the world seriously intended to limit global warming to 2şC, most of the coal, oil and gas reserves in the ground would be left “stranded”, or unrecoverable. Second, a task force would be set up to prompt companies to disclose how they planned to manage risks and prepare for a 2şC world, similar to the one created to improve risk disclosure by banks after the financial crisis. Mr Carney’s remarks presaged a change in attitude towards oil companies by governments, financial regulators and investors that has become clearer since the Paris climate-change agreement last December. The Securities and Exchange Commission, America’s stockmarket regulator, is investigating whether ExxonMobil, the country’s biggest oil company, values its untapped reserves appropriately in light of the recent halving of oil prices and potential regulatory action on climate change. In October it said it might write down about one-fifth of its reserves. The company has faced related probes by New York’s attorney-general. The industry may come under further pressure. If measures to stop global warming are fully implemented, oil-company revenues could fall by more than $22trn over the next 25 years, more than twice the predicted decline for the gas and coal industries combined.

Note: For more along these lines, see concise summaries of deeply revealing climate change news articles from reliable major media sources.


To deal with climate change we need a new financial system
2016-11-05, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/global-development-professionals-network/2016/nov...

When it comes to global warming, we know that the real problem is not just fossil fuels – it is the logic of endless growth. If we don’t keep the global economy growing by at least 3% per year, it plunges into crisis. This ... makes little sense given the limits of our finite planet. Climate change is the most obvious symptom of this contradiction, but we’re also seeing it in the form of deforestation, desertification and mass extinction. Our economic system is incompatible with life on this planet. Debt is the reason the economy has to grow in the first place. Because debt always comes with interest, it grows exponentially. Without growth, debt piles up and eventually triggers an economic crisis. The global economic system runs on money that is itself debt. Instead of letting commercial banks create money by lending it into existence, we could have the state create the money and then spend it into existence. [In] the 1930s ... a group of economists in Chicago proposed [this] as a way of curbing the reckless lending that led to the Great Depression. The Chicago Plan, as it was called, made headlines again in 2012 when progressive IMF economists put it forward as a strategy for preventing the global financial crisis from recurring. This idea is already beginning to gain traction: in the UK, the campaigning group Positive Money has generated momentum around it. The idea has its enemies, of course. If we shift to a positive money system, big banks will no longer have the power to literally make money out of nothing.

Note: For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption and global warming.


Melting Ice In Greenland Could Expose Serious Pollutants From Buried Army Base
2016-08-05, NPR
http://www.npr.org/sections/thetwo-way/2016/08/05/488872411/melting-ice-in-gr...

Buried below the ice sheet that covers most of Greenland, there's an abandoned U.S. Army base. Camp Century had trucks, tunnels, even a nuclear reactor. It was also a test site for deploying nuclear missiles. The camp was abandoned almost 50 years ago. But serious pollutants were left behind. Now a team of scientists says that as climate warming melts the ice sheet, those pollutants could spread. [Researcher William Colgan] found unclassified records that described what was left behind there - for example, the nuclear reactor was removed, but low-level radioactive cooling water used in it was not. There were very likely PCBs, which are toxic compounds in electrical equipment. There's no record of how much remained. Colgan says the Army figured all of it would be entombed forever. "They thought it would snow in perpetuity," he says, "and the phrase they used was that the waste would be preserved for eternity by perpetually accumulating snow." Except now, the climate has changed. Greenland's ice sheet is melting. Computer models say the camp could be uncovered by the end of this century. Meltwater could easily end up in the buried camp and then carry contamination through under-ice channels to the ocean. Colgan says it's unclear who owns this waste. The Army built the camp under a treaty between the U.S. and Denmark, which had jurisdiction over Greenland. It's a legal dilemma that's likely to start cropping up more often.

Note: For more along these lines, see concise summaries of deeply revealing global warming news articles from reliable major media sources.


Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.