New Zealand Bans New Offshore Drilling, Plans Fully Renewable Future

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While Canada continues to condemn the future to climatic destruction by supporting the tar sands, their common wealth partner has decided to plan for the future. New Zealand has declared an all out ban on new offshore drilling projects and have even taken a step further to ban exploration for more stored hydrocarbons. Exploration for oil and gas greatly disturbs marine life forcing whales and fish to leave entire areas because the noise is so deafening.

Prime Minister Jacinda Ardern continues to do what every other national leader should be doing – acknowledging the current and oncoming challenges of climate change and reacting to it by creating a sustainable economy. It’s great to see New Zealand set itself up for future success while protecting the planet!

“We’re protecting industry and protecting future generations from climate change,” said Ardern.

“This is a responsible step, which provides certainty for businesses and communities that rely on fossil fuels.”

Ardern and the ministers are expected to outline plans for their version of a managed transition towards a carbon-neutral economy by 2050 and a goal of achieving 100 per cent renewable electricity by 2035.

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Thanks to Delaney!

Canada to Monitor Behaviour of Corporations Aboard

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Canada announced yesterday that, like other nations, the country will be monitoring how Canadian corporations behave beyond its borders. Over the years there have been too many accounts of corporations based in Canada getting into conflicts and abusing communities of people internationally. Obviously this sort of behaviour is bad for people and tarnishes any positive thoughts people have about Canada. It’s up to the new role of the ombudsperson to check to see that Canadian corporations don’t break any human rights or the like outside the nation’s borders.

The role of the Canadian ombudsperson for responsible enterprise will be to work towards resolving conflicts between local communities and Canadian companies operating abroad.

The position will focus on several sectors including mining, oil and gas and the garment sector.

It will also have the power to independently investigate and make recommendations in cases involving human rights complaints.

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Obama and Canada Bans New Coastal Oil and Gas Drilling

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Obama is leaving office and he’s clearly worried that the next president will ignore climate change and its effects on humanity. In order to stymie any damage that president Trump can do, Obama has passed a law that effectively bans ocean-based drilling for oil and gas in some areas. In support, Canada has passed a similar law that will ban arctic drilling. With fossil fuels becoming less profitable and alternative source energies getting cheaper the need to drill in precarious places become less tenable.

The ban affects 115 million acres (46.5 million hectares) of federal waters off Alaska in the Chukchi Sea and most of the Beaufort Sea and 3.8 million acres (1.5 million hectares) in the Atlantic from New England to Chesapeake Bay.

The White House and Canadian Prime Minister Justin Trudeau jointly announced their move to launch “actions ensuring a strong, sustainable and viable Arctic economy and ecosystem.”

Obama said in a statement that the joint actions “reflect the scientific assessment that, even with the high safety standards that both our countries have put in place, the risks of an oil spill in this region are significant and our ability to clean up from a spill in the region’s harsh conditions is limited.”

Canada will designate all Arctic Canadian waters as indefinitely off limits to future offshore Arctic oil and gas licensing, to be reviewed every five years through a climate and marine science-based life-cycle assessment.

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Europe Meets 2020 Emissions Targets Early

Europe has already beat its 2020 gas emissions target and it’s only 2015! This is good news because we need to reduce our energy consumption and our global output of greenhouse gas emissions. This demonstrates to the rest of the world that not only is it economically feasible to reduce emissions it proves that it can be done quicker than climate change deniers claim.

A report by the EU’s environment agency on Tuesday said 2014 emissions were 23 percent lower than in 1990. The EU’s goal is to achieve 20 percent reductions by 2020, but the report said the bloc is headed for 24-25 percent cuts with current measures to fight climate change.

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Coal Continues to Falter

Coal was a great power source at the turn of the last century because it was easy to transport and plentiful. The obvious problem is that it basically kills the planet when you burn it and that’s not going to change despite the whole ‘clean coal’ propaganda. The good news is as we enter the 21st century coal is losing out to better energy sources. This is great because coal is the worse thing ever.

Slate has an article looking into the fall of coal and notes that less-destructive natural gas is being used. We need to curb the use of natural gas too but at least getting rid of coal is a step in the right direction.

Simply put, the U.S. energy industry has stopped building coal-fired plants, and is adding plants that don’t use coal. So far this year, according to the Federal Energy Regulatory Commission’s April infrastructure report, no new coal capacity has been added, while natural gas (1.5 gigawatts), solar (937 megawatts), and wind (633 megawatts) have each added a decent amount of production capacity. Of the nation’s installed electricity-producing capacity, coal only accounts for 27.5 percent, compared with 42.2 percent for natural gas.

Wall Street has soured on coal producers like Walter in part because today’s results look bad, but largely because tomorrow’s results look even worse. The stock market is famously a futures market—investors are making bets based on future cash flows they expect companies to produce. It’s difficult to see a positive future when the main coal customers are literally dismantling the machines that burn coal.

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