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UN Backs Fossil Fuel Divestment Campaign

mdsolar sends this report from The Guardian: The UN organization in charge of global climate change negotiations is backing the fast-growing campaign persuading investors to sell off their fossil fuel assets. It said it was lending its "moral authority" to the divestment campaign because it shared the ambition to get a strong deal to tackle global warming at a crunch UN summit in Paris in December.

The move is likely to be controversial as the economies of many nations at the negotiating table heavily rely on coal, oil and gas. In 2013, coal-reliant Poland hosted the UNFCCC summit and was castigated for arranging a global coal industry summit alongside. Now, the World Coal Association has criticized the UNFCCC's decision to back divestment, saying it threatened investment in cleaner coal technologies.

190 comments

  1. UN? Moral Authority? by Anonymous Coward · · Score: 0, Insightful

    Now there's a textbook oxymoron.

    1. Re:UN? Moral Authority? by TheMiddleRoad · · Score: 1

      Mod you to 1000.

  2. cleaner coal technologies by Anonymous Coward · · Score: 0

    Heheh, that's funny. To them anything less than a billion parts per billion is 'clean'.

    1. Re:cleaner coal technologies by mdsolar · · Score: 1

      Shouldn't it be an encouragement to get to work on carbon capture and sequestration to get off the sh*t l*st?

  3. building a buyers market by Anonymous Coward · · Score: 0

    No other reason makes sense.

  4. persuading investors to sell off their fossil fuel by Anonymous Coward · · Score: 1

    > persuading investors to sell off their fossil fuel assets.

    For every sale, there is a buy. The net assets remain the same, just some lucky guy(s) will get to buy them at a discounted price.

    If they want to reduce fossil fuels, then they should be developing alternatives.

  5. Warren, Al.... by harvey+the+nerd · · Score: 0

    All thank for your undermarket sale going to the bottom of the market. Sucka. Remember Soylent Green.

    1. Re:Warren, Al.... by Captain+Splendid · · Score: 1, Interesting

      One of the points of carbon credits is to create a market that helps pave the way towards a greener energy mix. I'm making money off them and so can you. Don't know why we have to sneer at Warren Buffett when we can all get some.

      --
      Linux, you magnificent bastard, I read the fucking manual!
  6. Divestment campaign? by Anonymous Coward · · Score: 1

    How do you sell of an investment if not to another investor?

    1. Re:Divestment campaign? by turkeyfish · · Score: 1

      The same way one sells a bad idea, although it is always a better idea to have a good idea rather than a bad one to sell.

      The inconvenient truth is that burning fossil fuels is a bad idea, which if unchecked, will put an end to all ideas, at least those made by humans.

    2. Re:Divestment campaign? by Rockoon · · Score: 2

      The major holders of these stocks are holding them because its believed to be better than the alternatives, based on what is (for good reason) believed to be relevant reasoning.

      Investors have found that its "unlucky" to be superstitious... in other words arbitrary reasoning increases the likelihood of negative outcomes.

      The U.N. here is proposing the use of arbitrary reasoning ("oil is bad, mmmkay!") to make investment decisions. I recommend that you follow their advice. The sooner you are broke the better.

      --
      "His name was James Damore."
  7. The economies of many nations? Try the sconomy of by Anonymous Coward · · Score: 0, Flamebait

    one, the US.
    The Fucktarded USians want to keep using all three: Coal, natural gas, and oil. They don't want to give up their dirty methods because, as a whole, the US firmly stands against not only Global Climate Change but they are against all science as well because an overwhelming majority of USians are fucktarded religionists. Since the Fucktarded USians are against change the nations should turn from the USian dollar to the Euro for further trading then *poof* no more US and then the UN can concentrate on combating AGW.

    Sincerely,
    Signed : The Rest of the World

  8. What they should do. by chasisaac · · Score: 1

    TO show their true anger of fossil the UN should sell them at $1 a share. Anything more is just greed. And I will be there gladly buying them up.

    --
    -- A computer without Windoze is like a choclate cake without mustard
    1. Re:What they should do. by riverat1 · · Score: 1

      You comment would make more sense if the UN owned stocks.

    2. Re:What they should do. by Bartles · · Score: 1

      It would just be a condition of the treaty

  9. Oh look, another 'climate change' post... by Anonymous Coward · · Score: 0, Funny

    Is this Slashdot, or 'Climatechangedot'? Your bias is becoming sickening.

    There is no such thing as 'catastrophic man-made global warming', which is why the scammers behind that LIE renamed it 'climate change', which means nothing of the sort, but is MEANT to be taken as meaning "catastrophic man-made global warming'. If that's what they mean, why don't they SAY so?

    www.climatedepot.com
    www.wattsupwiththat.com

    1. Re:Oh look, another 'climate change' post... by turkeyfish · · Score: 4, Interesting

      Of course it must be lie. It can't be getting hotter, which explains why all the world's glaciers are simultaneously melting faster than at any time previously recorded.

      Makes one wonder, if its not getting hotter, why is all that ice melting? Why are sea levels rising? Surely those who believe that catastrophic man-made global warming is just a big lie, must have some explanation. One that has a shred of credibility to it. Of course, that would be asking too much.

      The reality is global climate change is very much an energy issue and one that will fundamentally change how humans use and produce energy or it will end humanity for sure, primarily by making the environment they take for granted disappear before their eyes.

  10. So many things wrong with this... by Anonymous Coward · · Score: 0

    I am for moving away from fossil fuels, but how would this divestment even work? First off how would 'selling off' the assets do anything? Someone else is buying them so there is no net difference. Unless you literally buy the company, break it into pieces, throw some in the trash and sell the rest it will do nothing more than pass the puck. That method would likely incur billions in losses so is unlikely.
      discouraging new investment would help some, but the demand is so high for low cost power its likely to have little impact as money talks and BS walks.
      perhaps the sanest method would be to research and subsidize cleaner sources of power. Getting the world to agree, like the USA and China, that coal is worth leaving in the ground is simply not plausible.

    1. Re:So many things wrong with this... by turkeyfish · · Score: 1

      " no net difference"

      This is a fallacy. There is no net difference in number of shares or the total population, but the value changes dramatically. Given the way our markets are structured, that value is based entirely on the last trade made. Stock investing is like the game of musical chairs in that its great if you have ownership of a chair and chairs are highly prized. However, if billions of people doesn't own a chair, then they tends to value chairs and the game differently, usually by going off and playing an entirely new game.

  11. Re: How about more solar education? by Anonymous Coward · · Score: 5, Informative

    You are not even close to correct with regards to energy payback for photovoltaics. They recover their energy inputs in 1-4 years

    http://en.m.wikipedia.org/wiki/Net_energy_gain

  12. if they are selling by Anonymous Coward · · Score: 0

    Who's buying?

  13. Re: How about more solar education? by Anonymous Coward · · Score: 0

    IIRC solar panels have been capable of producing more energy over their lifetime than it takes to produce for a couple of years now

    Of course they still don't work at night...

  14. Mistake by mdsolar · · Score: 4, Informative

    You seem to have made a mistake about solar energy payback times, which are about a year. http://cleantechnica.com/2013/...

    1. Re:Mistake by CrimsonAvenger · · Score: 2

      You seem to have made a mistake about solar energy payback times, which are about a year.

      In sunny southern Europe.

      So, what's the payback time in Sweden? Or Canada? Or even New York State?

      Note that I've been considering solar for my own house. Even with the 80% subsidy my governments offer, it won't break even in less than five years unless I cut down every tree in my backyard first.

      And if I do that, the cost of cutting the trees would stretch the payback out into the ten year range.

      And that's not even counting the extra electricity I'd need to make up for the reduced shade that loss of the trees would give....

      --

      "I do not agree with what you say, but I will defend to the death your right to say it"
    2. Re:Mistake by mdsolar · · Score: 1

      New York is pretty comparable with Spain. TFA did look at other locations.

    3. Re:Mistake by thegarbz · · Score: 1

      So, what's the payback time in Sweden?

      About 4 years. Not bad for a panel that will last for 15.

    4. Re:Mistake by drinkypoo · · Score: 1

      Note that I've been considering solar for my own house. Even with the 80% subsidy my governments offer, it won't break even in less than five years unless I cut down every tree in my backyard first.

      Note that not everywhere is suitable for a solar install. So what?

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    5. Re:Mistake by mlts · · Score: 1

      For me, it is not "why put up panels", it is "why not?"

      Solar won't drive my A/C here in Austin... But, I can do two things with a roof full of panels:

      1: I can have the panels plug into an inverter and have it feed the grid.

      2: I can buy a set of storage batteries and have them feed that.

      Option #1 is nice, but option #2 is quite useful, especially when Elon Musk's Tesla starts offering battery banks for houses. Done right, this will be a whole-house UPS that gets a good chunk of its power from panels.

    6. Re:Mistake by captain_nifty · · Score: 1

      In the pacific northwest (Seattle Area) my calculations show break even at around 18 years, which is pretty bad given that, the panels are only usually rated for 15 years.

      Every few years I get to thinking about doing it and I run through the calculations and come up with similar numbers, panel prices are down, but power conditioning set-ups are still a big part of the cost, and then you have to pay for a contractor to install the setup (one of the largest parts of the cost) if you want to get any of the tax credits or connect to the grid.

      Looking at my last utility bill, 99% of my energy is coming from non fossil fuel sources, hydroelectric mostly. So green guilt is not going to get me to put PV on my house and it doesn't really make economic sense either.

      I'm sure I'll run the numbers again in a few years when I need to re-roof the house; I like the idea of energy independence, but where I live Solar PV is just not cost effective.

  15. Well just maybe by pastafazou · · Score: 4, Insightful

    They should mandate that all UN organizations stop all live meetings and switch to video conferencing only. The amount of jet fuel currently burned from these meetings and conferences would be immense. If not, then they're a bunch of hypocritical SOBs.

    1. Re:Well just maybe by Anonymous Coward · · Score: 1

      You can't deliver coke and hookers over a video link

    2. Re:Well just maybe by Anonymous Coward · · Score: 0

      3d printing to the rescue!

      You wouldn't download a hooker or coke would you?

    3. Re:Well just maybe by Anonymous Coward · · Score: 0

      You can ABSOLUTELY deliver hookers over a video link.

    4. Re:Well just maybe by Anonymous Coward · · Score: 0

      Fly commercial? Or do they do that already? If it's private jets, it's sort of a problem. But then again, can we blame anyone for avoiding the TSA?

  16. 10 myths about fossil fuel divestment by mdsolar · · Score: 5, Interesting

    10 myths about fossil fuel divestment are put to the sword here: http://www.theguardian.com/env... Yours is #5. "To sell a stock you have to have a buyer. But the amounts being divested are too small to flood the market and cut share prices, so they won’t be going cheap. Also, the buyers of the stock are taking on the risk that the fossil fuel stocks may tank in the future, if the world’s nations fulfil their pledge to keep global warming below 2C by sharply cutting carbon emissions. If these stocks are risky, then the public and value-based institutions primarily targeted by the divestment movement should not be holding them. The argument that owning a stock gives you influence over a company leads us neatly into the next divestment myth."

    1. Re:10 myths about fossil fuel divestment by Firethorn · · Score: 5, Interesting

      Having read that, a central core of the divestment theory amounts to "to bankrupt them morally."

      That assumes the corporation, like most corporations, wasn't already morally bankrupt to begin with. I mean, US tobacco companies are still plodding along, how more morally bankrupt can you get than them? Even the fossil fuel companies can at least point out all the positives their products bring - fuel for your vehicles so you can move around, energy to heat and cool your homes, keep your computers running, etc...

      So, I have to ask, if the values being divested are too small to affect their stock price, are being readily bought by others, and they've already given up on changing said companies by actually buying enough stock to get on the board, how is it supposed to be effective? What's the goal?

      When you acknowledge that they already don't have 'morals' to bankrupt. That you're not changing the stock price, you're not depriving them of capital or credit, you're not changing anything.

      Putting money into renewable energy helps the renewable energy fields, but is currently, on average, a riskier investment than the traditional companies, many of which have put a lot of money into renewables themselves.

      --
      I don't read AC A human right
    2. Re:10 myths about fossil fuel divestment by demonlapin · · Score: 1

      "Put to the sword"? Jesus H. Christ on a popsicle stick, that's an overwrought fantasy. "Choir receives sermon enthusiastically" is more like it.

    3. Re:10 myths about fossil fuel divestment by Anonymous Coward · · Score: 1

      That assumes the corporation, like most corporations, wasn't already morally bankrupt to begin with. I mean, US tobacco companies are still plodding along, how more morally bankrupt can you get than them?

      No kidding. I tripled my money buy buying smoking stocks.

      They are doing to do this? Really? I know where to put my money. Our life is oil. Oil is in *everything* we do. Even the simple act of going to say the mail box is ruled by oil. Across the lawn I fertilized with oil. To the mail sent to me printed with oil based inks and glued together with oil based glues. Delivered on tiers made from oil. Driven on a road made of asphalt based on oil. To the oil on the paint on the door of my house and mail box. It is everywhere.

      People want to get rid of oil but there are very few substitutes out there that anyone can afford and that are not even worse for our environment. There are substitutes but I am not sure people are willing to pay more.

      The *only* way to implode them is to actually have a better product. What is imploding coal? Not gov inaction/action. But the fact that the price of a competing commodity (oil based too) has eviscerated coal. The only thing that replaces products is a product that is cheaper AND better.

    4. Re:10 myths about fossil fuel divestment by khallow · · Score: 1

      But the amounts being divested are too small to flood the market and cut share prices, so they wonâ(TM)t be going cheap.

      Any divestment of significant amounts would drop the price of the stocks in question. That it allegedly doesn't, indicates the divestment is insignificant.

      As an aside, your link is a ridiculous propaganda piece. Some of the myths are obvious straw men such as the claim that selling oil stocks means the end of the world. Others like the example you mention above just don't make sense - supply and demand doesn't work that way.

      Now, obviously if you selling something slowly without creating a pattern or swamping the liquidity of the market, you won't telegraph your intent and get exploited by daytraders, HFT, and the rest of the short term trader food chain. But if you have a lot of large institutional shareholders doing it at once, then the price of the stocks will fall, no matter what some talking head at the Guardian or the UN tells you.

      And I notice that the end of your quote mentions another myth. Again, contrary to the assertions of this particular article, having the climate change sensitive shareholders bail out of fossil fuel companies will free them of a significant albatross. Sounds good to me, the fossil fuel company gets rid of an investor problem and the climate change sensitive investor losses some money to the stupid tax. A win for everyone.

    5. Re:10 myths about fossil fuel divestment by mdsolar · · Score: 1

      Well #6 says "This argument would have merit if there was much evidence to support it. When, for example, the Guardian asked the Wellcome Trust to give instances where engagement had produced change, it could not. And as campaigner Bill McKibben has pointed out, engagement is unlikely to persuade a company to commit to eventually putting itself out of business. In fact some market regulators, such as in the US, do not allow this kind of engagement. "

    6. Re:10 myths about fossil fuel divestment by Firethorn · · Score: 1

      Like I said: "already given up on changing said companies by actually buying enough stock to get on the board..."

      They were also, I think, a bit lazy about defining 'engagement' and the required scope.

      it's a bit like a politician worrying about 1% of the vote, in a demographic that's not particularly for them anyways.

      Which is why I defined 'enough stock to obtain representation on the board of directors'. Because then you do have a visible vote.

      --
      I don't read AC A human right
    7. Re:10 myths about fossil fuel divestment by turkeyfish · · Score: 1

      Not really. Rather its a question of what people value on a relative scale. The value of money is only the common denominator.

      When the climate begins to become too unstable to support agriculture, people's values will shift. With California now producing a major share of the fruits and vegetables produced in the US about to go dry (both in melt and groundwater, perhaps as yearly as 1 or 2 years), people's thinking will shift dramatically a lot sooner than most people realize. Midwesterners too are likely to take note, when population pressures in Colorado, coupled with the severely decreasing snowfalls that are coming, cause them to start drying up the headwaters of many of the rivers that flow into the Mississippi and as they watch their own water tables drop further.

      Sure it might not happen, but the odds are becoming smaller and smaller every year. That's the problem with those inconvenient truths that will weigh so heavily on fossil fuel profits.

    8. Re:10 myths about fossil fuel divestment by turkeyfish · · Score: 1

      "But the amounts being divested are too small to flood the market and cut share prices, so they won’t be going cheap."

      Clearly, you don't understand how stock markets work. The value of a stock is merely that of its last trade. Convince someone you have a stock that is going higher and you have a buyer. Convince them it is going lower and you have more sellers and fewer buyers. The number of shares traded don't matter, merely the last trade made.

      As divestment picks up steam, not to mention all the inconvenient truths about the "other" costs of burning fossil fuels and soon you have more people expecting that the prices will fall. This is of importance in that as the price falls it exacerbates the problem of too much capacity without sufficient buyers or consumers further driving expectations. Stock value is not something that is intrinsic to a stock, it is something that is entirely created by perceptions. The perception has long been that fossil fuels are "black gold". More and more people are coming to perceive that they can also likely represent a "black future".

    9. Re:10 myths about fossil fuel divestment by Firethorn · · Score: 1

      Not really.

      Well, while perhaps insightful, I feel the need to point out that your post missed the point. I was zeroed in on 'divestment theory', specifically deconstructing the link mdsolar posted.

      I do NOT object to increasing the funding of renewable energies. I DO think we're headed for trouble if we don't adjust. I just think that 'divestment' as a political statement is worthless. Making an educated guess that fossil fuel companies are going to be in trouble in the future is NOT a political statement while still being a reason to divest yourself of those products.

      Personally, I look at the state of our infrastructure and figure that we have approximately 10 years of fossil fuel usage left even under a crash replacement program, and we're not doing 'crash' anything.

      I certainly hope my next vehicle is 'alternate fueled', but I'm afraid that I might have to hang on to my Toyota for another decade.

      --
      I don't read AC A human right
    10. Re:10 myths about fossil fuel divestment by Anonymous Coward · · Score: 0

      With California about to go dry and people being told not to flush their toilets, maybe maybe just maybe, they will start lynching Sierra Club members that stand in the way of dams and reservoirs.

    11. Re:10 myths about fossil fuel divestment by Anonymous Coward · · Score: 0

      What's the goal?

      Unlimited arbitrary power that would make any fascist blush. Note there isn't even an interest in proposing particular approaches to climate change with actual analysis of the tradeoffs of environmental benefits versus economic (read: social) impacts.

      The actual approach is precisely: "Climate change is a threat. Therefore, whatever we say." Want any kinds of specifics or limits to the agenda? Well then, you're obviously a "denier".

      Supposedly they're paragons of virtue now. What were they a moment ago when they held all these "evil" assets? Not yet decided to bet on a bigger power and money grab. That's all.

    12. Re:10 myths about fossil fuel divestment by FlyHelicopters · · Score: 0

      With California about to go dry and people being told not to flush their toilets, maybe maybe just maybe, they will start lynching Sierra Club members that stand in the way of dams and reservoirs.

      Thank you... the stupid environmentalists have spent 30 years shooting themselves in the foot by opposing everything...

      To the point where most of us have just tuned them out...

      I get it, don't tread too hard on the environment, some care of it does need to be made. But how would you EVER get the Hoover Dam built today?

      I suspect some environmentalists would actually support tearing down the Hoover Dam (Bolder Dam, whatever they call it these days).

      Nuts, the lot of them, which is why they can't get any traction...

    13. Re:10 myths about fossil fuel divestment by FlyHelicopters · · Score: 1

      Clearly, you don't understand how stock markets work. The value of a stock is merely that of its last trade. Convince someone you have a stock that is going higher and you have a buyer. Convince them it is going lower and you have more sellers and fewer buyers. The number of shares traded don't matter, merely the last trade made.

      So much irony, you saying that... since you yourself don't understand how it works either...

      It works on a bid/ask system, people post shares for sale and post bids to buy, the computers match them up at the highest price possible for the sellers and the lowest price possible for the buyers.

      There are lots of shares for sale that don't sell due to the ask price, they are called limit orders. (and other complex order systems beyond that).

      There are lots of shares that people want to buy (bid) that don't get bought because they aren't willing to pay enough.

      Due to the number of people in the game, it isn't a matter of what you describe, people aren't going around trying to convince anyone their shares are worth X.

      Prices don't move evenly all the time, sometimes bid or ask prices move quickly due to breaking news, in such events, sometimes humans step in to work the system (they used to do it all, but the volumes are far too big today, the NYSE that you see on CNBC is largely a TV set these days, most of the work is all done via computer now) and sometimes trading is halted until everyone can absorb the new information.

    14. Re:10 myths about fossil fuel divestment by bruce_the_loon · · Score: 1

      Oil use for paint, plastics, fertilizers, asphalt are all okay as far as atmospheric CO2 is concerned. The carbon is still bound up in non-CO2 form and is unlikely to be released as such.

      It's only the burning of oil in engines that contributes to the CO2 buildup and we should be aiming at controlling that, not shutting oil down completely.

      --
      Trying to become famous by taking photos. Visit my homepage please.
    15. Re:10 myths about fossil fuel divestment by drinkypoo · · Score: 1

      if the values being divested are too small to affect their stock price, are being readily bought by others, and they've already given up on changing said companies by actually buying enough stock to get on the board, how is it supposed to be effective? What's the goal?

      This is the third time I've read this story and I still have the same confused face as the first time. How on earth would this improve anything? Only buying up fossil fuel production sites and then shutting them down is arguably doing anything, and even then it's only preservation and not environmentally beneficial.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
  17. Re:To you by Anonymous Coward · · Score: 0

    No.

    And the UN is a costly joke.

  18. Re: How about more solar education? by Giant+Electronic+Bra · · Score: 1

    Yeah, a couple, like since the 1970's. This old canard is just PURE FUD, it was never true, never even half true, etc.

    --
    "Malo periculosam, libertatem quam quietam servitutem." -- Jefferson
  19. This might explain by mdsolar · · Score: 2

    "There have been a handful of successful divestment campaigns in recent history, including those targeting violence in Darfur, tobacco advertising, and others, but the largest and most impactful one came to a head around the issue of South African Apartheid. By the mid-1980s, 155 campuses – including some of the most famous in the country – had divested from companies doing business in South Africa. 26 state governments, 22 counties, and 90 cities, including some of the nation’s biggest, took their money from multinationals that did business in the country. The South African divestment campaign helped break the back of the Apartheid government and usher in an era of democracy and equality." http://gofossilfree.org/what-i...

    1. Re:This might explain by Anonymous Coward · · Score: 0

      The difference is that that was economically isolating a country - if you did this to Saudi Arabia, Kuwait, or Venezuela, you might be able to get them to reduce oil production, but selling off the companies themselves isn't going to do anything. If you want to persuade endowments that fossil fuels will underperform over the next decade or two, that's one thing and requires different arguments, but simply selling off on "moral principles" isn't going to do anything.

    2. Re:This might explain by sumdumass · · Score: 2

      And this is different how? I'm glad somebody asked.

      You see, those divestment campaigns only worked because there was no intrinsic need for anything coming from them. You cannot say that about Oil. This campaign is little more than a Greenie placing a bumper sticker on their SUV and driving around town to make sure everyone know they care about the environment. There is no natural, economical, or otherwise viable replacement for the fossil fuels and there will not be any time soon.

      Now you can hold signs saying #bring back our girls and feel good about doing something but pretending it is anything more than feel good is dangerous and delusional.

    3. Re:This might explain by Anonymous Coward · · Score: 0

      Now you can hold signs saying #bring back our girls and feel good about doing something but pretending it is anything more than feel good is dangerous and delusional.

      I hated that campaign. I hated it so much because I knew people weren't going to do anything more than hold signs for a few days until the news cycle moved on and they all lost interest (I'm looking at you, Michelle Obama). A few months ago I decided to look up what happened to "our girls"... all married or sold off and none of these "Facebook profile protesters" had any idea because they lost interest two weeks after the news first hit.

      #bringbackourgirls was the quintessence of what's wrong with SJW's.

    4. Re:This might explain by Anonymous Coward · · Score: 0

      Oil is not needed for transportation. My electric car takes me around town. It doesn't have the range of gas-powered cars, so when I go farther, I use a train. An electric train. A few people really need a long range car. Many doesn't, and can make the change. Ships can use wind directly. Slow perhaps, but then local production becomes more interesting than importing from around the globe. We had a working world before oil, and before coal too.

      We can wait for oil & coal to have disastrous consequences, or put pressure on industry to change before it gets that far. Such as taxing CO2 emissions in general. If this provides too much tax money, use it to fund research & construction of nicer alternatives. And if cheap countries refuse and tries to compete using polluting industry? Trade embargo or put the CO2 tax on all their products.

    5. Re:This might explain by Anonymous Coward · · Score: 0

      Oil is not needed for transportation. My electric car takes me around town. It doesn't have the range of gas-powered cars, so when I go farther, I use a train. An electric train. A few people really need a long range car. Many doesn't, and can make the change.

      You must be from Europe. Oil is needed for transportation in the US, where all your statements are inverted. Only a few people can get by using electric cars or mass transportation (there are zero long haul electric trains here, BTW).

    6. Re:This might explain by sumdumass · · Score: 1

      How naively ignorant you are. It's almost cute if it wasn't so offensive.

      First, not everywhere is your back yard. Not everywhere is only where "you" want to go. There are places not serviced by trains and that is more common than not in the US. For instance, it is more than 100 air miles to the nearest passenger train station in my area and travel by anything other than air to it would be closer to 150 miles. And as someone else pointed out, there are no long haul electric passenger trains in the US.

      Also, if we drop oil from ships, then the perishable cargo will end up having to be flown because of the time spans involved so we will end up needing more oil. Or do you think every place on the planet can actually grow food and food stuff year around? Do you think that manufacturing facilities should be broken up and created in more regions creating the need for more fossil fuel energy?

      But lets go back to your electric train and electric car. Without oil, they simply would not be around. You do not think it is electricity that lubricates the parts do you? You do not think it is electricity that forms the basis for the plastics and polyesters that make your electric car light enough to actually be feasible for more than a 20 mile round trip do you? I swear, you are like the PETA guy wearing leather shoes and a fur coat at a protest.

      We can wait for oil & coal to have disastrous consequences, or put pressure on industry to change before it gets that far. Such as taxing CO2 emissions in general. If this provides too much tax money, use it to fund research & construction of nicer alternatives. And if cheap countries refuse and tries to compete using polluting industry? Trade embargo or put the CO2 tax on all their products.

      This will never- ever happen. At least never in our life times. First, third world countries with cheap energy is a go to for outsourcing textiles. No politician in their right mind would ever embargo those countries because of this. Second, taxing all CO2 emissions harms the poor disproportionately and is cruel so again, no politician in their right mind who has to answer to the public will ever do it. Even if they call for it, they will only do so knowing there is no chance in hell of it happened. The best they can do is tax some CO2 emissions in order to subsidize less cost effective technology.

      But the reason why oil will not collapse without government interference is because it's largely market driven. So when the demand goes down, the price does too, which will stabilize or increase demand to a point. But no one proposing the political solutions are even trying to reduce emissions. They are trying to redistribute wealth which was the goal of several political groups (like jubilee 2000) when Global Warming became such a big scare and demanded something needs to be done.

      If you do not doubt me, look at the Kyoto protocol. All annex one countries were to allow duty and tariff free imports from LCD countries plus 14 of the annex one countries were considered EIT countries and they would have their limits set so high that they could sell the credits to the industrialized (developed) countries to make up their shortfalls. Furthermore, the annex two countries were required to provide financial and technological support to the EIT countries.

      In the end, it was not about carbon emissiosn, it was about transferring wealth and there was a huge political backlash over it in most of the world subject to it. Canada even ended up withdrawing for the treaty. Europe increased it's imports from these EIT countries as well as the LCD countries and that is how they coped with their reduction demands. Of course Germany, the darling of the Green Movement, had the added bonus benefit of unifying East and West Germany which was counted separate in 1990 and 1991, so they made a huge drop by getting rid of redundant systems and replacing outdated soviet systems with modern efficient ones. Germany BTW, has also stopped reducing an

  20. Re:The economies of many nations? Try the sconomy by sumdumass · · Score: 4, Insightful

    Wow.. If using fucktarded repeatedly didn't show how fucking stupid you are, using USian as if it was an actual word most certainly does.

    Here is a hint, the accepted term- even internationally is American. It is because the country is the United States of America and is the only country in north or south America that ends it's country name with America. Other countries have America in their official names, but they do not end it with America in neither their official language or the English version of the name so no other country has claim to the usage.

    But it is not just the US who doesn't do anything about AGW concerning coal, natural gas, or oil (which it actually is, per capita GHG emissions in the US was 19.1 metric tons and in 2010, it was 17.6 which is a greater per capita drop than Canada, Japan, China, Italy, Australia, and only 2 tenths of a metric ton less than France). China, India (who both have surpassed the US in raw emissions), almost all third world countries, simply do not give a shit as much as you think they should either. In fact, Most of Europe who put arbitrary limitations on themselves ended up moving production over seas (off shoring) to eliminate accounting of carbon more than eliminating the carbon emissions itself. And Germany, they plateaued and seem to be increasing their emissions now, but they had the added benefit of combining two separate systems (East and West Germany) and doing away with redundant pollution sources with news more efficient sources which explains most of their reductions.

    Here is another hint. Perhaps you wouldn't be afraid to post real posts and even use a real moniker if you actually paid attention and knew what was going on rather than jerk your knee so hard that you hit yourself in the head and can only speak from emotion.

  21. This will help the Republicans by Anonymous Coward · · Score: 0

    Now fossil fuel stocks will be cheaper, but their profits, and thus dividends, will remain the same. That is why the Republicans are pushing for this.

  22. Oh look, another comic post by Anonymous Coward · · Score: 0

    They aren't scientific,they're PR bullshit sites.

  23. Fossil fuel divestment makes for smart money by turkeyfish · · Score: 3, Interesting

    The reality is that the smart money is now with those who divest in fossil fuels first and put their earnings in alternative energy stocks will be the big winners and those who are left holding fossil fuel stocks until they finally collapse the big losers, which rather than a complete collapse will be like a leaky tire, loosing its value steadily over time, while production costs continue to climb. State investment funds, universities, and trusts in progressive states are already lightening up on fossil fuels, so their shareholders will come out ahead. When things are going south, as they now are for the fossil fuels industry, its always best to be out the door before the other guy figures out what is happening. By the time the negative outflows reach about 5% it will probably be too late for most to divest.

    With the price of crude set to fall, some like CITI Bank say into the $30/barrel range, as current inventories increase to maximum capacity in about 3-6 months forcing excess supply onto the open market, alternative energy stocks will also take a hit, but unlike fossil fuel stocks, it will be an excellent opportunity to buy them as they will increase at a relatively more rapid pace than fossil fuels will recover, if they ever recover. At the current rate of increases in efficiency in production and operation of solar and wind, look for 2017-2019 to be the time when it solar and wind to be be cheaper than fossil fuels, no matter how much crude is on the market.

    Get out of fossil fuel stocks while you still have a profit and leave others holding the bag.

    1. Re:Fossil fuel divestment makes for smart money by Anonymous Coward · · Score: 0

      Are you investing in alternative energy stocks? Which ones?

      >At the current rate of increases in efficiency in production and operation of solar and wind, look for 2017-2019 to be the time when it solar and wind to be be cheaper than fossil fuels, no matter how much crude is on the market.

      I don't believe this for a second, but I'd be pleased if you are right, of course. One of the biggest uses of natural gas is electricity production and it is absurdly inexpensive.

    2. Re:Fossil fuel divestment makes for smart money by Harlequin80 · · Score: 5, Informative

      You are joking right???

      World wide coal consumption has increased EVERY year for the past 30 years and is predicted to continuing increasing for the next 30. In the last decade coal consumption has sky rocketed. The reason the price is low at the moment is because too many supplies came on tap at the same time.

      As for the oil price, again you are seeing a battle for market share. Irrespective of that oil is rarely used for electricity generation and is predominately used for transport. As it stands electricity, no matter how it is generated, is incapable to replacing oil for transport.

    3. Re:Fossil fuel divestment makes for smart money by khallow · · Score: 1

      Let's look at the reality here. Europe is cutting back on renewable energy programs and subsidies. They aren't going to last forever. Similarly, the US has a really good chance of going Republican. If that happens, then public funding for big renewables projects are going to stop for four years. Further, most renewable energy tools are produced by China. That gravy train probably will continue for a bit, but it's going to peter out sooner or later. My take is that this UN divestment thing is an exit strategy for any big money, smart or otherwise, still in renewable energy.

      I don't believe that fossil fuel businesses will necessarily become viable buys, but it's likely to trigger a huge move into renewables, which is a much smaller sector. Pump and dump is a classic way of unloading stock at a high price.

      There are two ways this can happen. First, the investors who still want to hold energy stocks will be more invested in renewables, just due to the lack of options. Second, companies that don't want to be subject to the divestment have a strong inventive to buy renewables holdings to counterweight their fossil fuel holdings and keep out of the divestment bulls eye.

      My view is that an easy to exploit investment strategy like this is blood in the water for smart money.

    4. Re:Fossil fuel divestment makes for smart money by cascadingstylesheet · · Score: 1, Insightful

      The reality is that the smart money is now with those who divest in fossil fuels first and put their earnings in alternative energy stocks will be the big winners and those who are left holding fossil fuel stocks until they finally collapse the big losers, which rather than a complete collapse will be like a leaky tire, loosing its value steadily over time, while production costs continue to climb. State investment funds, universities, and trusts in progressive states are already lightening up on fossil fuels, so their shareholders will come out ahead.

      Yeah, nothing kills an industry like low prices and near ubiquity.

      You guys actually believe this stuff, don't you?

    5. Re:Fossil fuel divestment makes for smart money by Anonymous Coward · · Score: 0

      The smart money is the money that makes more money. The stupid money is the money goes around telling how there the smart money or the some 3rd part is the smart money. Your stragey may be right or wrong. BUT PLEASE DON'T FRAME IT AS "The Smart Money"

    6. Re:Fossil fuel divestment makes for smart money by TubeSteak · · Score: 1

      In the last decade coal consumption has sky rocketed.

      Past performance is not an indication of future returns.
      China is embarrassed by the choking pollution from its coal plants and is either replacing them with cleaner energy or moving them to the middle of no where.

      http://www.reuters.com/article/2015/03/05/us-china-parliament-ndrc-idUSKBN0M108V20150305
      Mar 5, 2015

      The [Chinese] National Development and Reform Commission (NDRC) said in its annual report on Thursday that it would implement policies aimed at reducing coal consumption and controlling the number of energy-intensive projects in polluted regions.

      China is trying to strike a balance between improving its environment and restructuring away from an economy dominated by energy intensive industries like steel making and construction towards one focused more on consumption and the service sector.

      Which is interesting that China is still pursuing the Nicaraguan canal so it can more easily access South America's resources.
      Before the canal, China was considering building a railway across Columbia as an alternative to the Panama Canal choke point.

      --
      [Fuck Beta]
      o0t!
    7. Re:Fossil fuel divestment makes for smart money by fatwilbur · · Score: 2

      The problem with your whole premise is that most "fossil fuel" or "big oil" companies are usually the largest investors in renewable energy source. If you look at most of the big players, they've rebranded themselves over the past decade as energy companies, and have taken lengths to diversify into as many energy sources as makes sense.

      If you think the boards, shareholders, and major pension funds holding these companies are stupid or somehow you see something they don't you're a fool. They are more interested in long term asset preservation and growth, the pension companies could care less if this was from oil or solar. The money from these companies will always flow to where the need is. Ever wonder why "Big Oil" companies frequent the tops of "most sustainable" companies? Another conspiracy perhaps?

    8. Re:Fossil fuel divestment makes for smart money by Harlequin80 · · Score: 1

      Firstly previous performance absolutely IS an indication of future returns. It is the yard stick by which all business are measured. It is however not a guarantee of future performance. And when you are looking at something like power generation, with lead times measured in the years for plant construction then yes you absolutely do look at past performance.

      Two years ago China had 363 coal fired powerplants in the construction pipeline. India had 455 coal power plants in the approvals list. Solar and wind simply do not currently provide the type of energy baseload that is required in those countries. In a mature, little changing electrical market then solar and wind can be mixed easily with established generators because the baseload already exists. Some of these projects may have changed / been cancelled but not enough to make a significant difference.

      Finally steel making is almost never done with electricity. It is done with coking coal, so even if they banned steel making over night their demand for thermal coal for power generation would basically not change.

    9. Re:Fossil fuel divestment makes for smart money by Anonymous Coward · · Score: 0

      "World wide coal consumption has increased EVERY year for the past 30 years and is predicted to continuing increasing for the next 30. In the last decade coal consumption has sky rocketed. The reason the price is low at the moment is because too many supplies came on tap at the same time."

      There might be a different reason:
      http://www.bbc.com/news/science-environment-31872460

      If the cost of producing oil is rising and the price is falling, some producers are going to face a squeeze.

    10. Re:Fossil fuel divestment makes for smart money by turkeyfish · · Score: 2

      "nothing kills an industry like low prices and near ubiquity."

      The problem is of course, the 800 pound gorilla of carbon dioxide pollution in the room. Its the inconvenient truth around which you can try to fake it, but the reality of it is now just starting to bite.

      Sure some folks in Phoenix will still be buying gasoline when the temperatures in summer routinely hit 130 F, but you can be sure not many people will be happy about it. The reality is that politics might shift the costs of fossil fuels but it won't prevent those into coastal real estate from taking a bath. All indications are a 2 ft rise in sea level before 2060, not really that far off, when you are talking about assets that aren't going anywhere.

    11. Re:Fossil fuel divestment makes for smart money by Anonymous Coward · · Score: 0

      You forgot that China really doesn't have any other way of getting energy for the near and medium term other than coal for electricity and infrastructure and oil for transportation.

      This is why China is going after its Panama canal replacement and throwing a lot of its resources at its military.

      My fear is that we will be seeing them not work on alternative energy (even nuclear is far better than coal and oil), but they plan to take what is needed by force.

    12. Re:Fossil fuel divestment makes for smart money by khallow · · Score: 1

      when it solar and wind to be be cheaper than fossil fuels, no matter how much crude is on the market.

      Almost no crude oil is used for electricity generation. You show the typical level of ignorance for someone dishing out free stock tips.

    13. Re:Fossil fuel divestment makes for smart money by amaurea · · Score: 1

      Replying to undo incorrect mod. But your first sentence doesn't make much sense.

    14. Re:Fossil fuel divestment makes for smart money by Anonymous Coward · · Score: 0

      yup. consolidating share ownership is all this does.. plus encouraging some share buybacks.. fewer owners = more of the ridiculously-high profits for the ones still holding a piece. the rich get richer and the stupid idiots that believe this divestiture bullshit stay poorer.

      fossil fuels aren't going anywhere anytime soon. it's all a 'feel good' marketing gimmick only. not a sound investment strategy. stupid as fuck to get rid of these shares unless you're older and want to spend some of your retirement monies

    15. Re:Fossil fuel divestment makes for smart money by FlyHelicopters · · Score: 1

      One of the biggest uses of natural gas is electricity production and it is absurdly inexpensive.

      ^ Truth... our power rates haven't changed in 10 years, we are part of a co-op that runs on a not-for-profit basis and pays us back anything left over in the form of capital credits (I'm still getting small checks from capital credits from 10 years ago)

      I pay 11 cents per kw/h, this hasn't changed in many years... natural gas is part of the reason, cheaper coal is another, both sources are where we get all our power...

      Solar can't touch that rate, I've priced it, the payback is just too long, and that is even taking into account various tax credits...

    16. Re:Fossil fuel divestment makes for smart money by FlyHelicopters · · Score: 1

      If the cost of producing oil is rising and the price is falling, some producers are going to face a squeeze.

      Yes they will, and some will go bankrupt... but that doesn't remove the oil, gas, and coal from the market... those become assets to be sold at the bankruptcy sale, someone else will buy them on the cheap and then develop them using a lower cost basis...

      From our point of view as consumers, nothing will change...

    17. Re:Fossil fuel divestment makes for smart money by gl4ss · · Score: 1

      yeah so instead of peak oil we got BOTTOM oil.

      shows it to all the peak oil dolts.

      they've switched to peak gold shenigans now though.

      --
      world was created 5 seconds before this post as it is.
    18. Re:Fossil fuel divestment makes for smart money by Anonymous Coward · · Score: 0

      Coal is shit, so I wouldn't invest in coal. It's basically a local make work for energy project. But oil and gas are going to be strong for a while because these can be transported long distances.

      The current slump is oil has NOTHING to do with any divestment. It has everything to do with politics and Saudis agreeing to push oil prices lower thereby putting pressure on Putin. But oil and especially gas, will only go up from here.

      Remember kids, most of the world doesn't own a car and is not part of the global Just-In-Time delivery warehouses. And they want to be.

    19. Re:Fossil fuel divestment makes for smart money by Anonymous Coward · · Score: 0

      Wind has been cheaper than oil since the 1990s.... Solar at least 5 years. Both renewables are cheaper than a brand new coal plant and both can be cost competitive with new natural gas generation. why do people write such authority on the pricing of renewable energy when they clearly haven't taken even a cursory look at progress in over a decade?

    20. Re:Fossil fuel divestment makes for smart money by Anonymous Coward · · Score: 0

      Oh like this prediction

      http://www.spiegel.de/international/world/feared-migration-hasn-t-happened-un-embarrassed-by-forecast-on-climate-refugees-a-757713.html

      Might as well stick with stories about the planet being eaten by a giant goat

    21. Re:Fossil fuel divestment makes for smart money by itzly · · Score: 2

      We're still getting peak oil. In fact, we're already past peak conventional oil. The shale oil bubble was unexpected, and is providing some temporary relief, but that doesn't mean the peak oil theory is wrong. Shale oil will also peak.

    22. Re:Fossil fuel divestment makes for smart money by cavreader · · Score: 1

      The largest alternative energy related investors and shareholders are the large oil companies. People talk as if the people running the large oil companies are idiots and blind to the possibility of a decrease in fossil fuel usage. If and when that happens they want to make sure they maintain their dominance and profitability positions in the energy markets no matter what form that energy takes.

    23. Re:Fossil fuel divestment makes for smart money by Alioth · · Score: 1

      Peak oil is a mathematical certainty. One day we will be no longer using oil. This means it is mathematically certain at some point there will be a global maximum to the oil production function.

    24. Re:Fossil fuel divestment makes for smart money by Anonymous Coward · · Score: 0

      ... the issue we're looking at is that any kind of economic solution to the climate change, constitutes a global disaster in and of itself. If we halt all global fossil fuel use today, we'd fix climate change and at the same time crash the Economy, i mean like economy as a thing, globally, everywhere. there is no way to switch into renewables at this point to stave off catastrophe, maybe delay it by a nano-second. We should be looking at super ludicrous ways to fix the global temperature.

      Like, extreme carbon capture, or something like reflective panels... or... or... or.

      captcha: Colonize

  24. you guys can switch to green tech by Anonymous Coward · · Score: 0

    Meanwhile i'll fuel my gas guzzler car with gasoline at 50 cents a gallon.

  25. Yeah! Drive Down EUR and PPB by Anonymous Coward · · Score: 0

    This is a win-win for driving down the EUR to USD and by adding to the global over supply in crude to drive down the price per barrel of oil.

    The EU will be dumping their holding at a LOSS. Yeah!

    EU will be de-valuing their cash reserves that increases their LOSSES. Yeah!

    A Double Trouble Win.

    In 12 months the EU could be asking Greece for a LOAN! Hardee Har Har.

    Markel could be asking Iceland for a loan to make Germany financially solvent ! WOW!

    Bundestag Bundestag, round the bowl, down the hole

    Bundestag Bundestag, round the bowl, down the hole.

    IT'S MARCH MADNESS!

    GO BLUE DEVILS GO!

    Ha ha.

  26. Cut fossil fuel emissions and replace it with what by Anonymous Coward · · Score: 0

    One hundred percent of energy generated from solar or wind power has to be backed by a 24/7 reliable energy source, in case the wind doesn't blow or the sun doesn't shine. Usually, this is natural gas, which is more expensive than coal and easier to monopolize. It's not possible to completely disinvest from fossil fuels when they would still be required to back up renewable energy generation even if 100% of energy was generated from wind and solar.

    Unless of course nuclear power and hydroelectricity are used for this purpose. As environmentalists also seem to oppose these, it looks like we're stuck with fossil fuels

  27. Re:To you by Captain+Splendid · · Score: 2

    Might want to pay your bills first.

    --
    Linux, you magnificent bastard, I read the fucking manual!
  28. Re:United Nations Headquarters by sumdumass · · Score: 2, Informative

    They could save a lot more money by going home and phoning it in which is basically what it appears they do anyways. I mean they sat on their hands watching genocide, they largely didn't raise an eyebrow when Russia invaded the Ukraine. Sure, they have the charters and declarations and public statements like that sound grand, but even in their most recent peace keeping mission, they picked up and left when bullets started flying their way. I guess keeping the peace was not the real objective? And don't get me started on the peace keepers raping and pillaging

    Yeah, it doesn't seem like there is much they do well that cannot be done over the phone or in a video conference with modern technology.

  29. Re:How about more solar education? by garyisabusyguy · · Score: 0

    Carter blocked building any breeder reactors in America, not uranium fed nuclear reactors

    Public opinion, constant lawsuits and rabid opposition from environmental groups has prevented the rapid use of nuclear power in America
    The growth of the Green Party in Europe has had a similar effect there

    In particular, Greenpeace has become the single biggest proponent of fossil fuels through their complete refusal to recognize the merits of nuclear power
    They even tossed out one of their founders when he pointed out that nuclear power would represent a net positive by reducing the use of fossil fuels

    I am not necessarily disagreeing with you just pointing out that Carter is not the bogey-man that you made him out to be. His opposition to the spread of breeder reactors was intended to reduce the possibility of non-nuclear countries getting plutonium

    --
    Wherever You Go, There You Are
  30. Re: How about more solar education? by garyisabusyguy · · Score: 5, Informative

    There is every reason to consider the cost of the power inputs that are required to produce green energy.

    Overly optimistic calculations made ethanol from corn look like a great thing because they did not consider the energy that is spent creating the farm equipment, sowing and harvesting the corn etc

    Anybody coming to the table with a 'new' power source that seems to ignore these costs should be sent packing to do their homework

    --
    Wherever You Go, There You Are
  31. Re: How about more solar education? by Anonymous Coward · · Score: 1

    So to be fair in comparing fossil fuel you are including all of the drilling/processing/refinery equipment cost and shipping costs? All of those are included in your assessment of the cost of fossil fuels, right?

  32. UN please go. by rogoshen1 · · Score: 1, Insightful

    Whenever an economic or scientific question becomes politicized, a pandora's box of unintended consequences is just waiting to jump out. The only saving grace to the UN pushing for divesting fossil fuel investments is that they are completely incompetent, and even more lacking in 'teeth'.

    I'm not a huge fan of coal, but you know what I like even less? Squeezing poor countries (and by extension, poor people) -- the developed world can afford to pay more per KW/h, as well as put money into the R&D for alternatives; but assuming that a poorer country should waste capital on this green-washed lunacy, is akin to kicking the ladder out from underneath the developing world.

    1. Re:UN please go. by Anonymous Coward · · Score: 0

      I'm not a huge fan of coal, but you know what I like even less? Squeezing poor countries (and by extension, poor people) -- the developed world can afford to pay more per KW/h, as well as put money into the R&D for alternatives; but assuming that a poorer country should waste capital on this green-washed lunacy, is akin to kicking the ladder out from underneath the developing world.

      So basically, you're all for fucking over Western Europe, Canada, the US, and Australia while India and China clean our clocks economically.

      Nice.

      They're just now building infrastructure, and they have the benefit of research we didn't have when we built ours.. so.. fuck off.

    2. Re:UN please go. by rogoshen1 · · Score: 1

      Stow the outrage. that's not what i'm saying at all. I'm saying that the choice to use, or invest in fossil fuels should NOT be a political decision handed down by the UN.

      Further, the effects of that choice would be disproportionately felt by the developing world.

  33. Re: How about more solar education? by garyisabusyguy · · Score: 1, Troll

    My assessment comes from what I pay at the pump, or from my local utility company
    If it does not include their costs, then they will go out of business, there are some caveats below:

    In the case of fossil fuels, they have been giving a free pass on recognizing the costs of their pollution by the politicians (usually on the right) that they provide donations to. If fossil fuels (coal in particular) had to limit their release of pollutants (including CO2) to a similar level that nuclear power has to demonstrate, they would no longer be the least expensive source of power and would quickly lose their position as the main source of power for the US

    If solar attains a rapid acceptance and development while it is heavily subsidized, then it will eventually have to demonstrate its merits to business on a cost basis. This is something that nuclear power has demonstrated, even when faced with extra costs of lawsuits that are placed on them by the environmental and nimby movements

    Do I believe that solar can become cost competitive, sure... eventually. My money is on nuclear for the next hundred years, assume we do not decide to choke ourselves out by sticking to fossil fuels

    --
    Wherever You Go, There You Are
  34. specifically, Nature says the top solar company is by raymorris · · Score: 3, Funny

    >. The reality is that the smart money is now with those who divest in fossil fuels first and put their earnings in alternative energy stocks will be the big winners

    To be a bit more specific, the journal Nature has called Nanosolar "the poster child for Silicon Valley's interest in solar power". That sounds like an interesting stock. You might want to consider putting some of your money in that company.

    Six years after Nature started pumping Nanosolar, in 2012 they announced they planned to actually start making solar panels pretty soon. I understand their stock is _real_ cheap right now.

    Also, I heard Obama is backing two other promising companies, Fisker and Solyndra. He says they'll do great, so you might scoop up some of their stock.

  35. Re:The economies of many nations? Try the sconomy by Livius · · Score: 1

    It's "American" because that's what Americans use. No-one else on the planet thinks it makes any sense, but we're stuck with it.

  36. The World Coal Assoc. doesn't get it by msobkow · · Score: 2, Insightful

    We don't need "cleaner coal technologies." We need coal to be GONE. The same goes for pretty much *all* carbon-intensive fossil-fuel industries.

    --
    I do not fail; I succeed at finding out what does not work.
    1. Re:The World Coal Assoc. doesn't get it by jacob8404 · · Score: 2

      Ok. Would you care to explain what would replace coal, then? Which non-fossil source of energy is readily available, can be used 24/7, can provide as many or more GWh than coal at a cost to the consumer no higher than coal, is scalable enough to meet future demands (e.g. provide more energy per capita for 9 billion people at a lower cost) and can be deployed now, in poor and rich countries alike? I'm sorry but THOSE are the issues to be adressed, they come before "carbon" considerations.

    2. Re:The World Coal Assoc. doesn't get it by msobkow · · Score: 1

      The money being used to fund "clean coal" should be directed to something that is actually clean, like development of fusion technology.

      No one guaranteed the fossil fuels industries a right to earn profit in perpetuity. Fuck 'em.

      --
      I do not fail; I succeed at finding out what does not work.
    3. Re:The World Coal Assoc. doesn't get it by jacob8404 · · Score: 1

      I don't care about fossil fuels industries or their profits. What I *DO* care about is energy availability, abundance and cost. The fact is that there is NO substitute for fossil at the present time. Nope, nada. If and when thorium technology or fusion become a reality, I will be all for converting our infrastructure to use them, but currently it's either fossil fuel or a massive regression in living standards. Such is the reality and even the more honest ones among green activists admit that.

    4. Re:The World Coal Assoc. doesn't get it by FlyHelicopters · · Score: 0

      We don't need "cleaner coal technologies." We need coal to be GONE. The same goes for pretty much *all* carbon-intensive fossil-fuel industries.

      Sure, that is all well and good, but there is nothing to replace it...

      Other than perhaps nuclear power, but the greenies seem to be even more opposed to that than they are coal...

      Solar and wind are simply never going to provide the baseload, for a whole host of reasons... You'll never have enough "stored power" in the form of compressed air or lifted water to provide national baseloads in the amount required...

      If for no other reason than the cost would be nuts...

      Fusion sounds nice, but that isn't here, it may be 10 years, it may be 100 years... It has been "just around the corner" my whole life...

    5. Re:The World Coal Assoc. doesn't get it by FlyHelicopters · · Score: 0

      The money being used to fund "clean coal" should be directed to something that is actually clean, like development of fusion technology.

      Fusion sounds nice, but that isn't here, it may be 10 years, it may be 100 years... It has been "just around the corner" my whole life...

      The only remotely "clean" technology that actually exists today to provide baseload power is nuclear... but the environmentalists appear to be even more against that than they are coal....

      So we have coal, and will continue to have coal, likely for the rest of our lives... because they all want rainbows and unicorns (solar and wind) which just aren't going to replace baseload coal.

    6. Re:The World Coal Assoc. doesn't get it by Anonymous Coward · · Score: 0

      Fusion isn't there, but thorium is (well tested technology, go ahead and convert your infrastructure.) And you have reactor technologies that can use up all the uranium (not only U-235), thus getting much more energy out and less radioactive waste too. Switching from carbon to nuclear is possible today, and then you can power the world for longer than the known carbon could last anyway.

      And then there is stuff like wind, solar and hydroelectric dams. Accept that energy will cost 2-4x, and it gets much easier. Not that much of a problem, we have capacity to use less by wasting less. Today, energy-efficient houses etc. are considered expensive, wasting is cheaper. With energy cost going up, conserving pays off. and then you may not need more energy anyway.

      Coal will have to stop. Never mind a possible climate change - there are limits to how much CO2 we can have and still breathe. Disallow the emissions, and see the true price of coal power when you have to get rid of CO2 as a waste product.

    7. Re:The World Coal Assoc. doesn't get it by Anonymous Coward · · Score: 0

      Nuclear. We just have to get Israel to stop assassinating the efforts.

    8. Re:The World Coal Assoc. doesn't get it by myrdos2 · · Score: 1

      We need coal to be GONE.

      We're working on it as fast as we can.

  37. Yeah. Riiiiiiight. by jacob8404 · · Score: 0

    The UN? Is it the same UN who elected Gaddafi's Libya to chair the Human Rights Commission, elected Iran on the Women's Rights Commission, repeatedly praises Cuba as a "victim" and appointed as Exec Secretary of the UNFCCC none other than Christiana Figueres, who is (in)famous for publicly admiring the way how China's totalitarian government can impose decisions on society without having to worry about those pesky checks, balances, freedom and other democratic inconveniences; among other great achievements? That's some moral authority!

    1. Re:Yeah. Riiiiiiight. by dave420 · · Score: 1

      You don't realise this, but instead of attacking the UN, your post merely said "Jacob Zimmermann doesn't know how diplomacy works". That's it. That's all you said. The UN elects these people to these panels/commissions in order to engage them in areas they need to improve on. By directly talking to people (instead of calling them pussies and shooting drones at them), improvements can be, and frequently are, made.

      It would help you to not assume you know how these things work before publicly condemning them, unless you want to show everyone how blinded by hubris and woefully ignorant you are.

    2. Re:Yeah. Riiiiiiight. by jacob8404 · · Score: 0

      Sorry Dave, but you are the one who is wrong. The UNCHR's mandate was to "examine, monitor and publicly report on human rights situations in specific countries or territories". It was not to bring notorious violators on board as peers in order to engage with them. Yes, there is a place and time for that, but the police's role is to arrest offenders, not to have a discussion with them and definitely not to enrol criminals among their ranks in order to help improve these criminals' reputation. It was in fact so discredited that to the UN's credit, it was dissolved in 2006 precisely for that reason and replaced by the HRC. And since we are at it, what are the human rights improvements that were made in Lybia and Iran, under the respective presidency of those two countries? And, more importantly and closer to the topic, what about Figueres' view that political pluralism is "very detrimental" to the CO2 emissions cause? Is it also a case of a wannabe dictator appointed by the UN so that she can improve her ways?

  38. If they sell off those assets... by Anonymous Coward · · Score: 0

    Isn't somebody else buying them?

  39. Moral bankruptcy by mdsolar · · Score: 3, Interesting

    All of the fossil fuels run on science. There is geology and chemistry and pollution control and how to make oil flow in a pipeline. If you school won't invest in fossil fuels, there is a chance you won't consider working for them either. The engineering and science may not get done as quickly and the industry may slow as a result of moral objections.

    1. Re:Moral bankruptcy by Ksevio · · Score: 1

      What do other forms of energy run on? Magic?

  40. Re:United Nations Headquarters by Anonymous Coward · · Score: 0

    whale oil and baby seals. Flights are powered by biofuels derived from depolymerized carcasses of endangered animals.

  41. Re:The economies of many nations? Try the sconomy by myowntrueself · · Score: 1

    Wow.. If using fucktarded repeatedly didn't show how fucking stupid you are, using USian as if it was an actual word most certainly does.

    Here is a hint, the accepted term- even internationally is American. It is because the country is the United States of America and is the only country in north or south America that ends it's country name with America. Other countries have America in their official names, but they do not end it with America in neither their official language or the English version of the name so no other country has claim to the usage.

    Would you prefer 'Yank'?

    --
    In the free world the media isn't government run; the government is media run.
  42. Re:persuading investors to sell off their fossil f by turkeyfish · · Score: 1

    ", just some lucky guy(s) will get to buy them at a discounted price."

    This, of course, assumes that fossil fuels stocks will continue to rise even as competition from alternative sources intensified, and as costs of production increase.

    The problem for this scenario is that it is becoming less and less likely that this will happen, so if one gets out of old energy and into new energy, one's rate of return will be far greater over time, particular as the planetary global mean temperature moves from +2 deg C, at which we are nearly at to +4 deg C over the next 100-150 years. Coal is already declining as a percentage of the total energy mix, oil will be soon to follow. That light at the end of the tunnel the coal investor may see will be that of an oncoming electric train. Better to get out now and let the suckers hold the bag.

    One has to keep in mind that rate of planetary warming is accelerating with increased CO2 accumulation and the rate is exponential (its already now 36 times faster than the warming that occurred during the Paleocene-Eocene Thermal Maximum, that brought palm trees to Northern Wyoming). Folks in place like Phoenix will soon (next 10-25 years) start to see more than 50 days out of the year with temperatures over 110 F. In 50 years time that will jump to 100 days out of the year.

    The same driving forces also will soon profoundly affect the availability of another highly sought resource, freshwater.

  43. Re: How about more solar education? by Anonymous Coward · · Score: 0

    Wikipedia cite FAIL.

    If you did this in a paper, you'd fail the class.

    If you wrote that in an English class you'd fail it.

    Wikipedia articles have this little section called "References".

  44. Re:persuading investors to sell off their fossil f by turkeyfish · · Score: 1

    "net assets remain the same,"

    The assets remain the same, but their value does not. In a way, as the value changes, so does how people regard the assets.

    It all really comes down to a question of values. Those who think something is valuable will want more, particularly if they perceive that its value will rise in the future. The reverse is also true and those who think leaving the fossil fuels in the ground so humans have a planet that still supports human life will also value fossil fuels, but in an entirely different way.

    That is one of the reasons a divestment strategy in fossil fuels is a good idea. It reduces the profits for those who think they earn an easy profit by producing and burning it and that money can instead, as you suggest, be invested in developing human friendlier alternatives.

  45. Re:The economies of many nations? Try the sconomy by Bing+Tsher+E · · Score: 1

    Whatever word you want to use. We have people here in the USA who namecall that way. They use terms like 'Commie' to refer to those foreign people they don't like. Welcome to the same league, dude.

  46. Re: How about more solar education? by turkeyfish · · Score: 1

    Yes, but the cost of pollution is practically free to those who produce it. Just look at New Jersey. It just takes a little persuading of those with potential campaign contributions to launder.

  47. Adam Smith, +1 by argStyopa · · Score: 2

    Of course, as all these firms divest themselves of the oil industry and demand drops, the price for oil will drop as well, making it even more attractive to those needing to save a buck.

    --
    -Styopa
    1. Re:Adam Smith, +1 by Anonymous Coward · · Score: 0

      It's not the oil demand that drops in the first step. The availability of cheap money to the oil industry is reduced by driving their stock down. This causes the oil supply to be reduced, as the oil companies can't explore as many new wells as before, thus increasing the price.

    2. Re:Adam Smith, +1 by argStyopa · · Score: 1

      Look, I'm all for removing subsidies from ALL energy industries, and letting the fair market have her way with them - not just the renewables, but absolutely the petro-firms.*
      *this includes not just direct subsidies, but indirect: tax breaks, increment financing, free use of public lands and waters for exploration, etc, etc.

      But I think you (and the "divestor" movement) have it backwards. The public funding that comes from stocks raises capital, sure, but that's hardly their primary sources of revenue. I'd point to the fact that our modern economy runs on petroleum as the first point. Until that changes, they're not going to lack for profits, ever.
      Wave your hippy cred all over the place, and get governments to 'divest' as a sign of your rage, but the fact is that where there's a demand, there's a market. Where there's a market, there's profit. Pablo Escobar wouldn't care if anyone bought his stock. I'd submit that neither would Exxon.
      Let's also recall that Standard Oil wasn't built on public shares/trading, it was built on good old-fashioned cut-throat industrialism.

      --
      -Styopa
  48. Heading away from gasoline/diesel anyway. by MtViewGuy · · Score: 2

    I think now that we may be on the verge of major breakthroughs in battery technology, we could soon see the beginning of the end of using gasoline and diesel fuel for motor vehicles anyway.

    Around 2010, Volkswagen Chairman Martin Winterkorn predicted that by 2020, a vehicle about the size of today's VW Golf model--with similar carrying capacity in terms of passengers and cargo--could travel 800 km (497 miles) on a single full charge of the car's electric battery pack. Thanks to new forms of lithium-ion batteries that use dry electrodes and graphene sheets and carbon nanotube supercapacitors, such a goal may not be such a far-fetched idea; if Winterkorn's prediction proves true, that will truly start the transition from away from using internal combustion engines fueled by gasoline or diesel fuel for personal vehicles.

    However, gasoline and diesel fuel will be around longer until the change I mention above is complete, thanks to new industrial catalysts ("cat crackers") that can convert natural gas into very clean-burning forms of gasoline and diesel fuel--and it will be cheap to make, too. This will provide a "bridge" of fuel technology until long-range electric cars I described earlier become common.

    1. Re:Heading away from gasoline/diesel anyway. by msobkow · · Score: 1

      Some people think "natural gas" is some be-all, end-all solution that magically reduces the carbon footprint or that is available in unimaginable quantities. It's not. There are limited reserves of natural gas available, and if it were to be used up to produce synthetic gasoline, the vast majority of North America would have a serious problem with home heating systems and the prices of the fuel for them.

      You think it costs a lot to heat your home with gas now? Just wait until some bozo wants to buy up half the supply to make synthetic gasoline.

      --
      I do not fail; I succeed at finding out what does not work.
    2. Re:Heading away from gasoline/diesel anyway. by duck_rifted · · Score: 1

      People tend to think that whatever industry puts food on their personal plate is the end all, be all snakeskin oil cure for everything and those who oppose them are wackos falling under the banner of some bastardized term. Usually when it threatens Joe Blow's money, the term is "leftists" or "liberals" or something, as if the very definition of liberalism is to oppose eating. Then while these people can't come up with any better an argument than that, they get angry because people don't just agree with them. The whole world revolves around Joe Blow.

      But the truth of the matter is, industry will follow spending. So long as people buy fossil fuels, it won't matter who divests, what policies are passed, nor even whether climate change causes a population implosion. Some will just point to religion and say it was prophesied. But that has nothing to do with it either. When it comes down to it, the only thing decided by who holds the stock is who gets the dividends and the only thing keeping these industries around or tying our noose is us.

      Of course, people don't want to believe that either. I think people just don't want to be personally responsible for anything larger than personal scale. No matter what side of the debate people are on (as if it's even a debate anymore), people in general get angry when facing the prospect that they might have to make a change rather than someone else. Those politicians, those wealthy people, those liberals, those conservatives, those scientists, those theists, whatever. It's all the same argument with the word soup stirred differently.

      The only way to divert climate change without causing an economic catastrophe is to give people different options and then very gradually, carefully make those the only options, just like what's already happening. Those whose next umpteen generations are set for life due to fossil fuel empires will just become slightly more interested in banking, slightly more diverse in their portfolios, and will still run the show. Everything beyond that, from the petty ignoramus bait that is the climate change debate to complaints that NASA looks at the Earth too much (hey, at least conservatives support NASA now! woo-hoo!), to even this theater from the UN is just meant to keep us feeling like stuff is under control.

      And it is. As much as it can be. Which is almost not at all. I mean... Gee, we sure should hope that next advancement we're betting on is one that actually happens or we'll be pretty embarrassed as the bottom falls out of everything eventually. Our faces would sure be red. Mostly from the sunburn, but you get it.

    3. Re:Heading away from gasoline/diesel anyway. by khallow · · Score: 1

      The only way to divert climate change without causing an economic catastrophe is to give people different options and then very gradually, carefully make those the only options, just like what's already happening.

      Or simply not do it at all. What I find annoying about this sort of argument is the lack of evidence supporting the need for "diverting" climate change. Maybe instead of speculating about the personal responsibility of people for problems that might not be problems, we could instead find evidence to support our convictions?

      For example, I see evidence from the mild increase in global warming over the past century, that the long term temperature forcing of carbon dioxide is at the very bottom of the IPCC's estimates (1.5-4.5 C of long term warming per doubling of CO2).

      Instead we've gone from barely showing that global warming is in part a human-caused thing to modifying human behavior on a global scale, skipping over the most important step, evaluating the costs and benefits of mitigation. I think that's foolhardy, particularly given that most of the rest of the world isn't going along with it.

      It also ignores the more pressing problems of the world such as overpopulation, destruction of farmland through mismanagement and poor agriculture techniques, and poverty. In particular, mitigation makes poverty worse, even if all is done is to make the developed world a a more costly and less viable place to be.

    4. Re:Heading away from gasoline/diesel anyway. by duck_rifted · · Score: 1

      Yeah, I don't think you're baiting anybody into that. Sorry. It's not worth wasting time on, but hey, you enjoy that flat earth and the rest of us will be over here in realityland.

    5. Re:Heading away from gasoline/diesel anyway. by khallow · · Score: 1

      This is another annoying thing: the unjustified certainty and the irrational villainizing of anyone who thinks differently. Instead of another idiotic reply, how about you consider an application of Occam's razor.

      What is more likely? A) Most of humanity has constructed this particular silly and elaborate moral rationalization for why they aren't doing anything about climate change or B) Most of humanity don't have climate change anywhere near the top of the list of serious problems they're worried about.

    6. Re:Heading away from gasoline/diesel anyway. by duck_rifted · · Score: 1

      You're allowed to have your own interests, aesthetic preferences, lifestyle, and opinion. You are not allowed to have your own reality and were you a rational person then it might occur to you that when practically everybody on the planet treats people with your "different thinking" as if you're either insane or stupid, maybe you're wrong.

      Or maybe you're just the kind of person who can't handle being told that they're wrong. Is that it? Do you think you're a god?

      Or maybe you benefit from the status quo, in which case you could be a decent human being by being honest about it instead of spreading baloney to serve yourself. It's not as if this is easy stuff to solve.

      Most of humanity does not agree with you, and most of humanity doesn't constantly have it on their mind because it's not constantly brought up or they can't constantly do something about it personally.

      Please don't speak to me about this again in the future. I'm sure there's a kindergarten playground somewhere that you can use to soapbox on. While you're at it, preach about horoscopes and whatever other superstitions and nonsense fits with your "denier" mindset these days.

    7. Re:Heading away from gasoline/diesel anyway. by khallow · · Score: 1

      Most of humanity does not agree with you, and most of humanity doesn't constantly have it on their mind because it's not constantly brought up or they can't constantly do something about it personally.

      Well, let's look then. According to that linked poll, 46% of 39 sampled country's respondents didn't think that or doesn't know if climate change is a major threat. This includes 60% of the US and China's population. Note that the poll doesn't even ask if climate change is a "top problem", just whether it is a major problem or not.

      Another poll indicates that India, the big country missing from the first poll, has very similar attitudes to the US and China on climate change. At this point, we have roughly 60% of 2.9 billion people, roughly 1.7 billion people, who don't think climate change is a major problem.

      You can say that a "majority" of humanity disagree with me. Even if that were true, so what? Reality isn't a popularity contest.

      Please don't speak to me about this again in the future. I'm sure there's a kindergarten playground somewhere that you can use to soapbox on. While you're at it, preach about horoscopes and whatever other superstitions and nonsense fits with your "denier" mindset these days.

      Notice, once again that not even a scrap of justification for your beliefs found its way into your post. I can't be bothered to honor your ridiculous demand for two reasons. First, you have no cause for making the demand. I merely disagree with you on valid grounds, such as lack of evidence and terrible reasoning on your part. Step up your game.

      And seriously, what's all this drama about anyway? So what if I disagree with you? It's not the end of the world.

      Second, how am I supposed to remember all the Slashdotters who don't want to be questioned on their religious or ideological beliefs? It's an unreasonable burden which I can work around by merely ignoring the request in the first place. Besides, if you make unsubstantiated claims on Slashdot, you should get challenged. That's how it should work.

    8. Re:Heading away from gasoline/diesel anyway. by Anonymous Coward · · Score: 0

      how about you consider an application of Occam's razor.

      What is more likely? A) Most of humanity has constructed this particular silly and elaborate moral rationalization for why they aren't doing anything about climate change or B) Most of humanity don't have climate change anywhere near the top of the list of serious problems they're worried about.

      Occam's razor doesn't suggest to take the explanation that is more likely. It suggests to take the explanation that makes less or smaller assumptions.

      And I hate to break it to you, but scenario A is the one that makes less assumptions. Scenario A assumes a negative, that people are not above thinking and doing bad/stupid/irrational things, such as creating "silly and elaborate moral rationalizations".

      Scenario B assumes a positive, that people are better than that. Assuming a positive is a bigger assumption than a assuming a negative.

    9. Re:Heading away from gasoline/diesel anyway. by duck_rifted · · Score: 1

      This isn't an ideological nor a religious belief. It's a matter of natural fact that is inconvenient for some people, so they've spent time trying to make it all not true. Every single influential paper to ever be published that concluded that there is no anthropocene it turned out was written by somebody paid to lie.

      I don't have to justify anything to you, and I'm not talking about beliefs. This doesn't have anything to do with beliefs. You can't just believe hard enough and make reality as you want it to be. This isn't fairy land.

      I'm trying really hard to be more polite to you than you deserve on this topic out of respect for this website and the other people on it. I'm also avoiding looking at your user name because the moment you deny climate change, you've basically made an announcement that you're either uninformed and gullible, a religious fanatic so zealous that you've decided not to participate in reality, simply stupid (which probably isn't the case), or you're a genuine psychopath.

      Please. Every time the topic of climate change comes up, it's not an automatic invitation for you to recruit for your ignorant cause. It's not worth debating you about this because every time one of you comes out of the woodwork, it's the same old stupid arguments, the same debunked studies, and the same political baloney as if nature is beholden to what you think is convenient. You're not a god.

      Furthermore, if you want to learn about climate change then there are better sources than me. There is nothing but a migraine for me to gain by discussing this further with you. There is nothing for you to gain because I don't have the patience to do this. Some people out there do, and they can do more for you than I can. So, there's no point in discussing this.

      Nature is not beholden to what you want to be true. It's not beholden to what you think is economically necessary. It's not beholden to what you "believe". It is not beholden to what you think is politically convenient. It is not beholden to what some amoral sociopath was paid to repeat at you through your television. You're not a god, and you're not going to convince anybody.

    10. Re:Heading away from gasoline/diesel anyway. by khallow · · Score: 1
      I'll note right at the beginning that my opinions on the relative priority of climate change risk are backed at least by a large minority and perhaps even a slim majority of the world's population, contrary to your earlier assertion which you have conveniently forgotten about.

      Every single influential paper to ever be published that concluded that there is no anthropocene it turned out was written by somebody paid to lie.

      Anthropocene != global warming. A newspaper gives you a lot of evidence for the anthropocene (which is merely that humanity has an impact on the entire world) as well. Also, I see you don't bother to actually link to any such "single influential paper".

      It's a matter of natural fact that is inconvenient for some people, so they've spent time trying to make it all not true.

      A "natural fact" which you can't even bother to state. I'm assuming it's that humanity is causing catastrophic levels of global warming, but maybe you have something completely different in mind.

      I don't have to justify anything to you, and I'm not talking about beliefs. This doesn't have anything to do with beliefs. You can't just believe hard enough and make reality as you want it to be. This isn't fairy land.

      Again no evidence provided. Just an assertion about me based on nothing.

      I'm trying really hard to be more polite to you than you deserve on this topic out of respect for this website and the other people on it.

      No, you aren't. This condescending tripe is not "polite". And I see more fantasy libel about my "zealous" and/or "psychopath" nature.

      Please. Every time the topic of climate change comes up, it's not an automatic invitation for you to recruit for your ignorant cause.

      Again, no evidence. And to the contrary, if you post on Slashdot, you are indeed automatically inviting all sorts of discussion, including that which you disagree with.

      Furthermore, if you want to learn about climate change then there are better sources than me. There is nothing but a migraine for me to gain by discussing this further with you. There is nothing for you to gain because I don't have the patience to do this. Some people out there do, and they can do more for you than I can. So, there's no point in discussing this.

      You could always learn something about the subject rather than once again not presenting even a shred of evidence for your beliefs.

      Nature is not beholden to what you want to be true. It's not beholden to what you think is economically necessary. It's not beholden to what you "believe". It is not beholden to what you think is politically convenient. It is not beholden to what some amoral sociopath was paid to repeat at you through your television. You're not a god, and you're not going to convince anybody.

      What evidence makes you think this is actually the problem? I think what is most remarkable about your argument is the complete absence of scientific thought and rhetoric. Even the most delusional can make the same content-free argument. I could copy and paste it with a little strategic editing to fit the present topic and dump on anyone. It would be just as valid as it is now.

      OTOH, I present evidence in argument to the claim that we should evaluate our present climate change before "diverting" carbon dioxide emissions. The first is the observation that majorities of the most populated countries on Earth are not with the program. Second, estimates of past climate are based on very tenuous linkage to the modern era and more or less accurate measurement of relevant climate parameters.

      Third, we have a systematic bias in climate research and presentation of climate research towards exaggerating the effects of global warming. One obvious way that manifests is via the IPCC. It distills all climate research into a single opinion in the "Su

    11. Re:Heading away from gasoline/diesel anyway. by khallow · · Score: 1

      I disagree, of course. Scenario B is the one assuming a negative, namely, that people don't have a belief about the seriousness of global warming. That's pretty simple. While scenario A assumes existence of a particular, elaborate moral fascade. After all, there isn't exactly one way bad/stupid/irrational manifests, so why would a few billion peoples all manifest in more or less the same way?

    12. Re:Heading away from gasoline/diesel anyway. by duck_rifted · · Score: 1

      I don't link to anything because I don't want to debate this with you. How could I possibly be more clear about that? And if you're not denying climate change then what are you getting at?

      My argument is missing scientific thought and rhetoric because I do not want to be the one to explain scientific thought and rhetoric to you. If that's what you want then why are you pushing this "debate" on me when you could use the Internet that you're already on?

      If all you want to say is that combating climate change should not be the top priority yet, then why don't you use that Internet you're on to check into whether we even CAN right now? Then, if you go back to the post you originally replied to, I think you might notice this time that I addressed what has to happen first. And the market will take care of that for us in these early stages.

      We have a systematic bias in climate change research because nature is biased. Nature can not have two realities at once, above the Planck scale. Seriously, this is why I don't want to discuss the science with you. You present nonsense as if it means something, attack my words as if I've even debated with you at all, and try to discredit my saying that there's nothing to gain from this? Again, just what the hell do you think you have a snowball's chance in hell of convincing me about?

      If you think the body of scientific work regarding climate change is wrong, then write down your findings, get it peer-reviewed, and get it published. Trying to convince me to listen to some random person on a forum over actual experts in the field isn't going to accomplish anything at all. Were I a particularly influential person, then I might even understand your trying, but I'm not; not even among my peers. I intentionally avoid being influential for now, and if ever I strive for that then it won't even be any field of climate science.

      Now, if you want to debate neurophilosophy as it pertains to approaches in artificial intelligence, then there are a few topics I'm equipped for. Otherwise, maybe you should approach climate scientists to discuss climate science. That is, unless you're in the habit of going to your mechanic for legal advice, attorney for medical advice, and doctor to get your car fixed.

    13. Re:Heading away from gasoline/diesel anyway. by khallow · · Score: 1
      Again, no evidence for your assertions.

      If you think the body of scientific work regarding climate change is wrong, then write down your findings, get it peer-reviewed, and get it published.

      Are you going to pay for my research costs? It'll be in the hundreds of thousands of dollars over several years. Else, no. I'm not doing that.

      Now, if you want to debate neurophilosophy as it pertains to approaches in artificial intelligence, then there are a few topics I'm equipped for.

      Which unfortunately are quite irrelevant to discussions of global warming.

      Otherwise, maybe you should approach climate scientists to discuss climate science. That is, unless you're in the habit of going to your mechanic for legal advice, attorney for medical advice, and doctor to get your car fixed.

      Then don't have an opinion on something you aren't knowledgeable about. It's not that hard.

    14. Re:Heading away from gasoline/diesel anyway. by Anonymous Coward · · Score: 0

      Scenario B is the one assuming a negative, namely, that people don't have a belief about the seriousness of global warming.

      Even if they're both assuming a negative, scenario B is still making a bigger assumption, a lesser negative assumption if you will, than scenario A. Namely, people in scenario B are assumed to be more capable, more rational actors, and they can be trusted with their beliefs and opinions (or lack thereof) on global warming. It assumes people are less bad/stupid/irrational.

      But then we have people like duck_rifted, who you have characterized as holding opinions he is not knowledgeable about. He's living counter example that people are capable rational actors.

      And he isn't alone, as the whole global warming issue is divided to say the least. If his half is wrong, then half the people out there are bad/stupid/irrational. If your/our half is wrong, a different half the people out there are still bad/stupid/irrational, but it's still half. If both sides are wrong (maybe the truth is hidden answer C), then we're ALL bad/stupid/irrational.

      While scenario A assumes existence of a particular, elaborate moral fascade.

      No it doesn't. As above, scenario A only has to assume people are not as capable rational actors as scenario B.

      And it's not like scenario B doesn't assume existence of elaborate facades. Namely, B has to assume that people like duck, people who believe in the seriousness of global warming, are a result of some deliberate conspiracy to manufacture a climate change narrative. People like duck before they became people like duck were the same few billions of people who didn't have a belief on the seriousness of climate change. Something made them believe in it, which requires further explanation, violating Occam's razor.

      After all, there isn't exactly one way bad/stupid/irrational manifests, so why would a few billion peoples all manifest in more or less the same way?

      Why wouldn't it? If people aren't very capable rational actors, it's not unreasonable if they repeat the same mistakes over and over. The fact they fall for the same tricks would actually be evidence that the assumption people aren't very capable rational actors isn't wrong

    15. Re:Heading away from gasoline/diesel anyway. by duck_rifted · · Score: 1

      I need evidence to support the assertion that I don't want to teach climate science, which isn't my field, to somebody who thinks the majority of work in the field is wrong? I couldn't teach algebra to you if you thought it's wrong. You'd just argue with me from the moment when I tell you what a variable is.

      I need evidence to support that you're not a god? Really?

      So, what you're saying is that it would take hundreds of thousands of dollars over several years for the opinion you want me to believe to be empirical. In other words, you just decided what you want to be true, and you expect nature to conform to that.

      I didn't say that I'm not knowledgeable about it. I said that it's not my field. Your mechanic might actually know something about the law, but a mechanic still isn't an attorney. You could follow your own advice and not have an opinion on something you're not knowledgeable about.

    16. Re:Heading away from gasoline/diesel anyway. by khallow · · Score: 1

      I need evidence to support the assertion that I don't want to teach climate science, which isn't my field, to somebody who thinks the majority of work in the field is wrong?

      Yes.

      I couldn't teach algebra to you if you thought it's wrong. You'd just argue with me from the moment when I tell you what a variable is.

      What is the evidence for your assertion?

      I need evidence to support that you're not a god?

      Silly straw man. We both know this isn't even remotely a problem.

      So, what you're saying is that it would take hundreds of thousands of dollars over several years for the opinion you want me to believe to be empirical. In other words, you just decided what you want to be true, and you expect nature to conform to that.

      Climate researchers don't work for free.

      I didn't say that I'm not knowledgeable about it. I said that it's not my field.

      Then where's the evidence that you are knowledgeable?

    17. Re:Heading away from gasoline/diesel anyway. by khallow · · Score: 1

      But then we have people like duck_rifted, who you have characterized as holding opinions he is not knowledgeable about. He's living counter example that people are capable rational actors.

      I've been hammering away at the weak spot of his arguments about climate science, lack of evidence. He won't make even a rudimentary claim for why he has an opinion on global warming or why he thinks I'll never change my opinion.

      So let's discuss that here as well. Where is the evidence that he is a rational actor? He's still talking after all and not presenting even a scrap of support for the many assertions he makes.

      After all, there isn't exactly one way bad/stupid/irrational manifests, so why would a few billion peoples all manifest in more or less the same way?

      Why wouldn't it?

      I have a thermodynamics argument for that. Having everyone's stupidity/whatever manifest in the same way is a bit like having all the molecules in a cup suddenly sink to the bottom half of the cup. Possible but extremely unlikely.

      Further, neither scenario makes an assumption about the rationality of people. For scenario A, people can simply not care that much about climate change either because they're ignorant of its effects, or because they are aware of its effects and just aren't that impressed by them.

    18. Re:Heading away from gasoline/diesel anyway. by khallow · · Score: 1

      I'll just point out here that once again, I'm not given a reason to change my opinion on global warming. Sure, it's going to take some pretty solid evidence (that thing that's been missing from your posts this entire time). After all, there's been considerable malfeasance and consistent exaggeration over the past twenty years concerning the extent and impact of global warming. It would be immoral to just accept evidence without a close examination of it.

      But lately, even that has been scarce. There are a bunch of people eager to lecture me on how I refuse to accept evidence without providing even a scrap of evidence for their positions. You are far from alone in this. I don't see the point in this. It's not how science is done. It's not how one convinces me.

    19. Re:Heading away from gasoline/diesel anyway. by duck_rifted · · Score: 1

      I applaud your empirical ethic! But what you're not accepting is that you're looking for evidence in the wrong place. I'll read the evidence myself, and make up my own mind, and you should do the same. Similarly, if I go to the doctor, I'll trust the person who busted their ass for a decade plus some odd years, did some years in residency, and then practiced for some years to decades.

      In both cases, I won't trust some random person on a forum over the people who have invested their lives in the topic. In both cases, if somebody on a forum tries to debate the facts with me, I should defer them to the experts. Climate change, like medicine, is serious enough a topic that it's above this level of discourse. That would be true even if you were correct.

    20. Re:Heading away from gasoline/diesel anyway. by duck_rifted · · Score: 1

      Okay, here's my evidence that I don't want to teach climate science, which isn't my field, to somebody who thinks the majority of the work in the field is wrong. Are you ready for it? I don't want to teach climate science, which isn't my field, to somebody who thinks the majority of the work in the field is wrong. There you go.

      You're basically trying to turing test me. Stop it.

      Which assertion? You're arguing with me whether I want to discuss the topic with you. Clearly, you'll argue anything. Let me know when you figure out a way to prove to me what I want better than I can decide for myself.

      You're right. They don't work for free. But you post for free. So, which conclusions are worth more, even in the literal sense? Your free posts, or their expensive research?

      I don't have to provide evidence to you that I'm knowledgeable. I need only defer you to the experts. You should take their findings over my words anyway. It's not my field. And I'm starting to think you don't really have a firm grasp of what that means. Would you press me so hard for medical or legal advice?

    21. Re:Heading away from gasoline/diesel anyway. by khallow · · Score: 1

      But what you're not accepting is that you're looking for evidence in the wrong place.

      [...]

      In both cases, I won't trust some random person on a forum over the people who have invested their lives in the topic.

      You start with evidence and then dwell on experts. Experts aren't evidence. And there are plenty of skeptics and lukewarmers also investing their lives in the topic. What makes your people more relevant than those other people?

      Climate change, like medicine, is serious enough a topic that it's above this level of discourse.

      No, to the contrary, climate change like medicine is serious enough that you have to know the facts before you commit, if only to understand what behaviors may help or hinder your treatment. Also, you have knowledge that the doctor doesn't have. They do make mistakes or even deliberate pump up their bills. It's not Doc's body or wallet at stake, but yours.

      Similar, it isn't the climate researchers' climate or economy at stake, but everyone's climate and economy at stake. The stakes are too big just to take particular expert advice on faith.

    22. Re:Heading away from gasoline/diesel anyway. by Anonymous Coward · · Score: 0

      I'm with khallow. Jenny McCarthy and plenty of vaccine skeptics invested their lives in revealing the truth that vaccines cause autism. Which is why I'll never vaccinate my kids, and spend hours evangelizing on Slashdot to make sure nobody else gets vaccinated either. Experts aren't evidence!

      The Heartland Institute and plenty of tobacco-harm skeptics invested their lives in revealing the truth that smoking doesn't cause cancer. That's why I smoke at least a pack a day, and make sure to exhale directly at whichever infant is lucky enough to be closest. Experts aren't evidence!

    23. Re:Heading away from gasoline/diesel anyway. by duck_rifted · · Score: 1

      I start with your attitude about evidence, at least so far as what you say here; not with evidence itself. Skeptics and lukewarmers aren't formally studying the field. There's a big difference between having an interest in a topic and busting your ass to really learn it.

      Doctors don't advise people to know the facts before they commit. They advise people to get a second opinion. There's nothing wrong with reading up about what your doctor tells you, but a medical doctor will never advise people to sit at home and try to diagnose themselves. The things you mention come after the visit to the doctor.

      Medical doctors, in fact, give great advice about how to study science at the layperson level. Read the findings of an expert, and then augment that by reading up on the tangents. Do the same for the next expert, and so on.

      Medical doctors will never advise people to go to an online forum to discuss their symptoms. What can come of that? Joe Blow somewhere thinks they know what's wrong with you?

      You don't have to agree with the experts. Nature will not be changed by that, but you're free to think whatever you want. You don't even have to respect the experts. You don't know those people! But it's an honorable thing to respect hard work, and actual climate scientists have worked hard to earn a voice on this topic. They've worked damn hard, giving up years to decades of their lives for it, and have one way or another spent a ton of money doing so. Give them a chance to make their case themselves.

    24. Re:Heading away from gasoline/diesel anyway. by khallow · · Score: 1

      Experts aren't evidence!

      Note that all of your examples have experts on all sides of the argument. If evidence doesn't matter, then there's enough expert testimony to back that cigarettes aren't harmful for your health and that vaccines cause autism. Because experts.

      Your example disagreements have definite conclusions, because there was copious evidence supporting one side of the argument. For example, there was a three orders of magnitude drop in US measles cases right after the introduction of the measles vaccine. And similar drops can be seen in other countries as respective vaccines are introduced. And the side effects of these diseases can be just as dire as autism, the alleged side effect of vaccination. There is a very straightforward argument to be made for continuing vaccination, even if it did cause autism due to the people whose lives are saved from these diseases.

      Similarly, there is very strong evidence over large numbers of people that smoking harms people, both the smokers and people who are exposed to high levels of second hand smoke.

      The special features of these debates is that one doesn't need to listen to the experts. One can study the evidence directly.

      What I think is dishonest here is the assertion that the evidence for the claims of catastrophic anthropogenic global warming (CAGW) is just as strong as the two examples you gave and just as easy to examine to confirm. It isn't. After all, we don't measure directly any weather or climate phenomena before about 150 years ago. Every is estimated via paleoclimate proxies. And these estimates are very subjective, dependent on how they are manipulated. For example, the first reconstruction of global mean temperature over the past millenium which eliminated the Medieval Warm Period, the "Hockey Stick", by Mann and Jones, turned out to have a serious statistical error, which conveniently caused even random noise to be transformed to the desired "hockey stick" shape, most of the millennium being nearly flat except for a sharp rise in temperature at the end in the Industrial Age. What is particularly interesting is that after this research was called into question, within a few years, supposedly independent research had been released showing the same shape.

      Where else in science, would scientists work so hard to recover a broken result? I'd say economics which has long been held captive by a variety of special interests. In most fields, bad research would be a warning sign to look hard at the problem and carefully reevaluate the original claim, rather than rush through new analyses to back the original claim.

      And then we have the second tenuous claim, that it is catastrophic. The evidence for this is laughable. A particular notorious example are the claims of extreme weather. They come in two variants. The first are claims that various special cases of weather are due to global warming. These are inherently dishonest both because it is nearly impossible to show that any single incident of weather was made worse by global warming. One shows correlation by looking at lots of data. Even the instrument period of the past 150 years often doesn't have enough data to back these claims.

      The second approach is to study the models and make predictions from those, though not couched as such. So it is claimed that say, tornadoes are 33% stronger in terms of damage inflicted than they used to be, or there are more hurricanes, when what is really meant is that the researcher is extrapolating from a model, rather than reality, and no one has a clue yet whether the hypothesized effect occurs because the necessary data isn't yet present.

      My view is that in climate research, we have a real life demonstration that experts are not evidence.

    25. Re:Heading away from gasoline/diesel anyway. by Anonymous Coward · · Score: 0

      Your example disagreements have definite conclusions, because there was copious evidence supporting one side of the argument.

      No, there's been considerable malfeasance and consistent exaggeration over the past twenty years concerning the extent and impact of vaccines. Have you forgotten all the fraud? If so, just google it.

      Similarly, there is very strong evidence over large numbers of people that smoking harms people, both the smokers and people who are exposed to high levels of second hand smoke.

      No, government funded shills with their snouts in the lucrative grant funding gravy train are committing fraud by claiming that all this evidence exists. A few seconds on the very educational Heartland Institute website would tell you that. What makes your people more relevant than those other people?

    26. Re:Heading away from gasoline/diesel anyway. by khallow · · Score: 1

      What makes your people more relevant than those other people?

      What are "my people"?

    27. Re:Heading away from gasoline/diesel anyway. by Anonymous Coward · · Score: 0

      Those alarmist fraudsters who made up all your claimed "evidence."

  49. Re: How about more solar education? by ShanghaiBill · · Score: 3, Interesting

    Wikipedia cite FAIL. If you did this in a paper, you'd fail the class.

    This isn't academia. This is Slashdot. Wikipedia is an acceptable citation here. If you think there is inaccurate information on the cited page, then point it out. But whining about other people's citations, while presenting none of your own, is childish.

  50. Re:The economies of many nations? Try the sconomy by myowntrueself · · Score: 1

    Whatever word you want to use. We have people here in the USA who namecall that way. They use terms like 'Commie' to refer to those foreign people they don't like. Welcome to the same league, dude.

    Funnily enough, the original 'USAian' is a term I use myself when wanting to distinguish between eg people from Canada and people from the USA (and I'm not the AC who used it above).

    It just feels wrong to refer to 'people from the usa' as 'Americans' when there are Canadians present. It would be like referring to Germans as 'Europeans' in the same context as referring to French people as 'French'.

    I don't think its got anything to do with the name of the country ending in 'America'; 'America' is the continent not the country (until they annex Canada and Mexico).

    Referring to them as 'Americans' degrades the American-ness of the entire rest of the continent.

    As it is, people from the USA are mostly outside my monkeysphere anyway, its like they are all just instances of the same domesticated primate.

    --
    In the free world the media isn't government run; the government is media run.
  51. Red Herring by Anonymous Coward · · Score: 0

    "Climate change" is a red herring. I'm not even saying it's not a real problem, I AM saying it isn't the problem which should be front and center for anyone with half a brain right now. A couple hints: (1) The US is warring all over the world right now and most of the wars are clearly for control of oil resources. Notably, under pretext of fighting a war on Islamic 'terrorists' (almost all coming from countries where we are or were at war .... for reasons related to oil) the US is clearly ACTING as though it is preparing to war against its own citizens. (2) The fiat system of debt money would be flagged as a huge Ponzi scheme if it weren't for the fact that the governments of the world are the instigators and perpetrators of the continued Ponzi.

    On the other hand we have this "climate change" thingie which the government and media is working overtime to give us the shivers. Working, working, propagandizing, propagandizing. Notably ALL the "solutions" for "climate change" being bandied about have, as step one, that the same governments which are warring around the world for oil and, domestically be given MORE money and MORE rights and MORE power.

    So, as I said, climate change may be real and it may be a problem, but you've got to be short a few brain cells not to notice that the government clearly has its sights on things it regards as much much bigger problems. Notice that the human population has exploded from about 1.5 billion to over 7 billion and climbing in about 100 years on the back of peak oil. Notice that the debt and centralized government has grown even faster than the human population in approximately the same span of time. Connect the dots. When the fiat Ponzi system ends, which it will, as trees don't grow to the sky. Or as the global oil supply really starts to get notably tight, CO2 will be self correcting. It may take us through some bumps and troubles, but climate change is clearly no better than #3 (and arguably not even that) in terms of imminent real civilization threatening concerns.

    Just sayin'

  52. how stupid are these companies? by slashmydots · · Score: 1

    Here's a question. You put up a solar array or wind farm and after the investment pays off, you've got a magical infinite free money-making machine. You burn coal, oil, or gas and you have to spend billions on drilling like 10 freakin miles under ground and keep moving the rig then ship it and refine it. WHY THE HELL IS ANYONE STILL INVESTING IN FOSSIL FUELS?! It's the stupidest investment in the world. It's not like OPEC companies don't have the money to invest in green technologies.

    1. Re:how stupid are these companies? by Anonymous Coward · · Score: 0

      Hey everyone, check out the guy who knows more than multibillion-dollar companies about what is and isn't profitable.

  53. Re:The economies of many nations? Try the sconomy by Anonymous Coward · · Score: 0

    Canadians generally refer to people from the US as American. So don't worry about it so much.

  54. Re:persuading investors to sell off their fossil f by itzly · · Score: 1

    One has to keep in mind that rate of planetary warming is accelerating with increased CO2 accumulation and the rate is exponential

    While I agree that the earth is warming, the curve is not "exponential". It's fairly linear right now. Ultimately, temperature goes up with log(CO2), so a constant increase in temperature (estimated to be about +3 deg C) for every doubling of CO2.

  55. It's how we use it. Get over it. by Anonymous Coward · · Score: 0

    Just like your insistence on "I could care less" or hacker instead of cracker or theft instead of copyright infringement, we use USian, and you know we mean people from the USA. Indeed it's in the bloody term!

    So you don't like USian? Why the hell should I care? Language is what we use and if you don't like it, you are free not to use the term, but in no way does this allow you to control the words of others, you stalinist pig.

    1. Re:It's how we use it. Get over it. by sumdumass · · Score: 1

      What do you mean "your insistance"? I gave corrected idiot using those terms improperly in the past too.

      Heres the big point. You do not have to care, you just look moronic if you do not and use the term. Its sort of like going to a job interview and speaking ghetto slang while dropping the f-bomb in every other sentence. No one except the least educated will take you seriously and any idiot capable of counting to ten will be tacken more seriously.

      But yes, i do not have the ability to control what you say or do. I do not even want to either. But i do have the ability ir i am "allowed" to consider you as a noron and tell you why. If you do not like it, you can adjust accordingly.

  56. Re:persuading investors to sell off their fossil f by FlyHelicopters · · Score: 1

    This, of course, assumes that fossil fuels stocks will continue to rise even as competition from alternative sources intensified, and as costs of production increase.

    Yes, and you also assume that there is something actually called a "fossil fuel stock", which there isn't.

    Exxon, BP, Shell, etc. have for years been investing in things other than oil, this isn't new for them.

    50 years from now, it is quite possible BP really will stand for "beyond petroleum", which is what they already say in their marketing materials, even if it isn't quite true yet.

    The value of BP stock may will be 20 times what it is today, even if all oil use stopped in 50 years. BP is a company, not a "fossil fuel stock".

  57. Re: How about more solar education? by MrKaos · · Score: 2

    This is something that nuclear power has demonstrated, even when faced with extra costs of lawsuits that are placed on them by the environmental and nimby movements

    The 2005 Energy act specifically put measures in place that prevents ordinary people from intefering with the placement of a nuclear reactor. It is impossible for a normal person, or a local community, under the law, to prevent the placement of a nuclear reactor in their community.

    Nuclear power has too many establishment, operational and ongoing costs to be an attractive investment anymore. The existence of the Price-Anderson act shows investors that Nuclear power is an investment oxymoron. If it waa safe and profitable, then there would be no need for the P-A act.

    Do I believe that solar can become cost competitive, sure... eventually. My money is on nuclear for the next hundred years, assume we do not decide to choke ourselves out by sticking to fossil fuels

    I think it should be the other way around. We haven't invested enough in solar, wind, geothermal and tidal power sources yet and we should develop them to derive maximum energy yeild from them.

    Nuclear was scaled to quickly in the first place - jumping from 100Mw to 1Gw too quickly to understand the proper safety systems required and coming to terms with the surrounding factors that were not well understood when the plants were first conceptualized. Simply put like coal, nuclear power has consequences that weren't well understood.

    I think there is a place for Nuclear power, just not in our generation. If you really support nuclear power and want to see it done properly stepping back now and building the foundational infrastructure whilst developing reactor technology means designing and building for 100 years to support a proper nuclear infrastructure that can last 1000-5000 years.

    It is an ambitious long term goal that would change the very nature of the world economy to achieve that could guarantee the future of humanity instead of condeming it to reduced birth rates and transgenic disease the way the shortsighted vision the current nuclear industry does. People talk about Nuclear power, but if you engage in the cognitive effort of what is *really* required to make it work you find it is nothing like the nuclear industry we have now.

    All of the current accidents show that humans are not mature enough to have the long terms vision required to deal with nuclear power right now.

    --
    My ism, it's full of beliefs.
  58. Cracking by mdsolar · · Score: 1

    Cracking converts higher molecular weight hydrocarbons to lower molecular weight hydrocarbons, Upgrading is the term for the other direction. Maybe this is what you are thinking of? http://www.technologyreview.co...

  59. Neo-liberalism economy by Anonymous Coward · · Score: 0

    it's all a 'feel good' marketing gimmick only. not a sound investment strategy. stupid as fuck to get rid of these shares

    It's a sucker game, that is all it is

    My suspicions is that this current push of 'divestment from fossil fuel' is being headed by neo-liberals who think that they are very wise

    Unfortunately they themselves have been on-upped by even wiser folks who are profiting from it

  60. Re:The economies of many nations? Try the sconomy by Dog-Cow · · Score: 1

    It only feels funny to you because you're a pedantic idiot. Canadians refer to Americans as Americans. I've never heard anyone have an issue with this except assholes on Slashdot.

  61. Clean Coal, by ThatsNotPudding · · Score: 2

    Military Intelligence, Virgin Birth...

  62. Basic Facts by Giant+Electronic+Bra · · Score: 2

    The truth can be determined with FIVE MINUTES of looking, and invariably the people who are trotting out this "solar panels use more energy than you get" BULLSHIT aren't interested in facts. Its an outright lie that someone has perpetrated on the public and the people who continue to circulate it are either VERY ignorant, like they haven't read Wikipedia, or they're actively dishonest. There's no legitimate skepticism involved at this point. If someone had brought this up 20 years ago we'd have all scratched our heads and thought "well, that's a good question, sounds wrong, but we'll get back to you." Today, in 2015? Its just a scurrilous lie.

    --
    "Malo periculosam, libertatem quam quietam servitutem." -- Jefferson
  63. Re:The economies of many nations? Try the sconomy by sumdumass · · Score: 1

    I'm not sure why you would need to distinguish like that. Canadians are not american, they are north american just like the mexicans even though there is the artificial central america designation for the area. Or do south americans somehow fail to qualify for your quirk in reasoning? America is not the continent, its North America. There is also a South America, and an invented Central America if you want to jump from continental designation to a useful geographic distinction.

    What you essentially are doing is trying say that heard looks like a flock so you will create a term like dogian to distinguish a pack of dogs. The problem is, theee are already valid names and terms that achieve the goal and it is pure ignorance when other terms are invented and substituted.

  64. Read and learn then by Giant+Electronic+Bra · · Score: 1

    http://www.lazard.com/PDF/Leve...

    Clearly the LCOE for SPV and ST (even with storage) is NOW competitive with nuclear power. Its probably not yet competitive with NG, but again NG is getting a free pass on CO2 and other issues. Given that recent research suggests that the actual social cost of carbon may be as high as $1000/ton we're pretty sure at this point that SPV is a huge good deal. Why do you think it is growing by leaps and bounds?

    Yes, of course subsidies help, but they don't even cancel out 10% of the subsidy that coal/gas/oil get. Just the EXPLICIT subsidies on fossil fuel use are on a par with ALL the subsidies for renewables, so it isn't even clear to me that in terms of incentive we wouldn't be best off just getting rid of everyone's subsidy, not even counting carbon costs.

    --
    "Malo periculosam, libertatem quam quietam servitutem." -- Jefferson
  65. Natural gas should be a strategic resoruce by mdsolar · · Score: 1

    We use natural gas in home heating and in ethanol production and in generating electricity, And, with CAFE standards increasing and oil production rising, we are within spitting distance of energy independence. It is hard to see how we could use anything close to half our natural gas production to produce gasoline when it supplies so much in other areas and there is such a small way to go to eliminate oil imports. But, the ability to do gas-to-liquid easily makes an even stronger case for restricting exports of natural gas just as we do with oil and recognizing natural gas as a strategic resource.

    As a strategic resource, we should build enough LNG export capacity in the US and enough import capacity in NATO to displace Russian gas supplies, and then let that sit idle. This would be similar to Israel having dibs on our strategic petroleum reserve. Russia would treat our allies much better as natural gas customers if we could take away their market at any time they put the squeeze on.

  66. Coal use predicted to peak soon by mdsolar · · Score: 1

    It is hard to find a prediction that coal use will increase for the next 30 years. Predictions that it will soon peak are common. http://e360.yale.edu/feature/p...

    1. Re:Coal use predicted to peak soon by Harlequin80 · · Score: 1

      From the International Energy Agency - https://www.iea.org/newsrooman...

      15 December 2014 Paris

      Global demand for coal over the next five years will continue marching higher, breaking the 9-billion-tonne level by 2019, the International Energy Agency (IEA) said in its annual Medium-Term Coal Market Report released today. The report notes that despite China's efforts to moderate its coal consumption, it will still account for three-fifths of demand growth during the outlook period. Moreover, China will be joined by India, ASEAN countries and other countries in Asia as the main engines of growth in coal consumption, offsetting declines in Europe and the United States.

      From the Department of Natural Resources & Mines - Qld - http://www.dlg.qld.gov.au/reso...

      India already imports 20 per cent of its coal requirements and shipped in 152 million tonnes of coal last year.

      However rising electricity demands are putting an increasing strain on local production, with state-run Coal India Limited (CIL) asked to up its output by importing more of the commodity to mix with domestic supply.

      The demand for coal in India is expected to come in at 551.60 million mt in 2015, however supplies are predicted to amount to just 466.89 million mt, leaving an 84.71 million mt shortfall.

      From 2010 to 2040, India’s net coal-fired electricity generation is expected to grow by a total of 910 terawatt hours, more than doubling from the 2010 total, while coal consumption for electricity generation will double.

    2. Re:Coal use predicted to peak soon by mdsolar · · Score: 1

      So, predictions for 5 years for the world and 25 years for one country. Where is the 30 year prediction? China is committed to peaking emissions by 2030 which is only 15 years off. Apparently, the first report you cited missed this and some other things as well. http://theenergycollective.com...

  67. Who cares what the Eurotrash thinks? by HBI · · Score: 1

    n/t

    --
    HBI's Law: Frequency of calling others Nazis is directly correlated with the likelihood of the accuser being Communist.
  68. Re:The economies of many nations? Try the sconomy by myowntrueself · · Score: 1

    I'm not sure why you would need to distinguish like that. Canadians are not american, they are north american just like the mexicans even though there is the artificial central america designation for the area. Or do south americans somehow fail to qualify for your quirk in reasoning? America is not the continent, its North America. There is also a South America, and an invented Central America if you want to jump from continental designation to a useful geographic distinction.

    What you essentially are doing is trying say that heard looks like a flock so you will create a term like dogian to distinguish a pack of dogs. The problem is, theee are already valid names and terms that achieve the goal and it is pure ignorance when other terms are invented and substituted.

    Canadians and people from the USA are in a matching category to French and people from Germany.

    To refer to people from Germany as 'Europeans' while, in the same context, referring to people from France as 'French' makes no sense.

    And actually, thinking about it, someone from Chile is also an American just as much as someone from Monaco is European.

    Someone from Canada is Canadian. Someone from the USA is USAian. Get used to it, it'll become common usage soon enough.

    --
    In the free world the media isn't government run; the government is media run.
  69. Re:The economies of many nations? Try the sconomy by sumdumass · · Score: 1

    You bring up this European and french thing like it means something. It does not. America is not a continent. The Americas aee two separate continent denoted by the words North and South. Further, there are geographoc distinctions like central america. If you are attemting to address an entire continant or region, you need to use the names corisponding like north american or south american.

    Its not the rest of the world's problem if you local language is so backwards or restricted to make that aware. You are conversing in English and failing to use defined english terms in doing so. It is your problem not mine. You government does not have your problem, nowhere else in the world has your problem. Its just people like you who want to look ignorant on purpose who have the problem. It is no different than the difference between tom or jerry, it is a given name and defined before you ever got confused and decided to stand behind your ignorance is such a proud and public fashion.

  70. Re:The economies of many nations? Try the sconomy by Anonymous Coward · · Score: 0

    Someone from Canada is Canadian. Someone from the USA is USAian. Get used to it, it'll become common usage soon enough.

    I'm from the US, fairly well traveled, and unlike you I do not live in my mother's basement. I lived in Europe for awhile (Turkey, Germany, UK).. they call us Americans.. I've screwed a couple of women from Chile and Argentina down in South America.. they call us Americans.

    The only, and I mean ONLY fucking place I've heard the idiotic term USian is here, so fuck your 'it'll be common usage soon enough' remark. You're just another term of SJW... (oh no mommy, it's the big bad cultural imperialists!)

  71. Re:The economies of many nations? Try the sconomy by cyberchondriac · · Score: 1

    When people want to refer to Canadians, they just say "Canadians", there's really no confusion. If they want to refer to people of the whole north continent (both US and Canada), they can say "North Americans".. there are also Central Americans and South Americans, but the continents are collectively referred to as "The Americas".. there is no *single continent* called simply, "America"; it's understood by everyone but pendants that "America" means the USA.

    --

    Look back up at my post, now look back down, you're on the Internet. Now look back up. I'm a signature.
  72. Re:The economies of many nations? Try the sconomy by myowntrueself · · Score: 1

    Someone from Canada is Canadian. Someone from the USA is USAian. Get used to it, it'll become common usage soon enough.

    I'm from the US, fairly well traveled, and unlike you I do not live in my mother's basement. I lived in Europe for awhile (Turkey, Germany, UK).. they call us Americans.. I've screwed a couple of women from Chile and Argentina down in South America.. they call us Americans.

    The only, and I mean ONLY fucking place I've heard the idiotic term USian is here, so fuck your 'it'll be common usage soon enough' remark. You're just another term of SJW... (oh no mommy, it's the big bad cultural imperialists!)

    FYI I've lived in 5 different countries on 4 different continents, first second and third world countries among them, and am about as far from my parents basement as its possible to get.

    I'm hoping that 'Americans' will stop being used for people from the USA. Its just a dream I have. USAian is great suck it up, it'll become a meme real soon now.

    --
    In the free world the media isn't government run; the government is media run.
  73. Re:The economies of many nations? Try the sconomy by Anonymous Coward · · Score: 0

    ... i think you should call canadians, mexicans, brazilians, paraguayans peruvians argentinians... all Americans, and see if any of them agree with that name.

    no? no? literally nobody else in the world would know what you're talking about if you were to refer to just anybody from the americas as "americans"

    Regardless, you're basically arguing over the common usage of a colloquialism.

    I am not an "American" officially, i'm a "Natural-born citizen of the United States of America."