8.3 out of 10 based on 12 ratings
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8.3 out of 10 based on 12 ratings By Jo Nova The land that is the Renewable Crash Test Dummy is holding its breath This time last year, the Australian energy market turned into a kind of Hunger Games spectacle with daily feeding-fest at dinner time where prices were so burning hot that unhedged smaller retailers begged their own customers to leave them and then the whole market was suspended. The bonfire was so big we’re still paying for it, and retail electricity prices are set to rise another 25% in a few weeks. So it’s no surprise that as the cold weather arrives downunder, everyone involved in energy is “on edge”. Suddenly Australian corporate leaders are telling it like it is — the Alinta Gas chief says there is just no way we can build enough renewables in time — he can’t even “see a way” of building enough renewables to compensate for the coal units that are being closed. The man who used to run the Snowy Hydro Scheme agrees (and then some) — saying we need to build a “Snowy” every year, and we are being lied to (his words) and it will take not 8 years, but 80 years to get there. The […] 9.3 out of 10 based on 16 ratings By Jo Nova States all over the world have declared we have to change our cars to EVs and do it tomorrow so we can save the world. But as Mark Mills points out, despite the rush “No one can really say whether widespread adoption of EVs will cut carbon emissions.” I mean, does carbon dioxide matter at all? The problem with EVs is that it takes a staggering amount of energy to dig up the 250 tons of specialty rocks required, and then crush, purify and mold them into one half-ton battery. While normal cars are naughty burners of fossil fuels for their whole lives, an EV emits a mountain of CO2 before it even gets to the saleyard. Mark P. Mills Electric Vehicle Illusions EV emissions realities start with physics. To match the energy stored in one pound of oil requires 15 pounds of lithium battery, which in turn entails digging up about 7,000 pounds of rock and dirt to get the minerals needed—lithium, graphite, copper, nickel, aluminum, zinc, neodymium, manganese, and so on. Thus, fabricating a typical, single half-ton EV battery requires mining and processing about 250 tons of materials. (These figures hold […] 9 out of 10 based on 22 ratings 8.1 out of 10 based on 26 ratings 8.3 out of 10 based on 23 ratings By Jo Nova Nearly every proposal from the climate activists was struck down: How times have changed. After the energy crisis of 2022 investors at major oil and gas firms are spurning climate activism. A year ago nearly a third of investors at Chevron and Exxon voted for the draconian “Scope 3” emissions targets. These targets are ludicrous — requiring the oil and gas giants to adopt a plan to reduce third party use of their own products. It’s like a form of corporate sabotage. This year only about 10% of the same investors voted for these measures. And apparently there’s a similar trend on the other side of the Atlantic with BP and Shell investors rejecting activism too. This is a very encouraging sign that the dominance of BlackRock et al is waning — they are bullying the world with other people’s money, and word is spreading as the US states fight back. ESG Blowback: Investors Reject Climate Measures at Exxon, Chevron By Collin Eaton and Jenny Strasburg, The Wall Street Journal The votes were abysmal for climate activists. All but two of the 20 shareholder proposals for the two companies garnered less than 25% […] 8.7 out of 10 based on 16 ratings By Jo Nova It is in effect: If there is a train and it’s less than a 2.5 hour trip, in France you can’t fly — unless of course, you own your own private jet, the most “polluting” kind of plane (according to the EcoWorriers). How does that make “carbon sense”? Are we saving the planet, or just stopping the riff-raff from traveling? It’s one rule for you, another for the Feudal overlords. Private planes make 5 to 14 times as much CO2, but they are “good to go”? by Valentina Morando, Impakter … numerous studies demonstrate that private jets are much more impactful to the environment than other modes of transportations. They are about “5 to 14 times more polluting than commercial planes (per passenger),” a report published by the Transport and Environment group in 2021 states. According to a recent study, “only 1% of the population causes 50% of global aviation emissions.” Right now there are only three routes in France that will be banned, Paris-Orly to Bordeaux, Nantes and Lyon affecting only 2.5% of all domestic flights. The original plan was to ban five more routes, but the […] 9.6 out of 10 based on 10 ratings |
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