Open Source Tracking of Fossil Fuels Companies

industry

Information is power, and the fossil fuel companies don’t want anyone but them to have power. They have lied to governments, manipulated political parties, and publicly deny their actions are killing all of us. Obviously, that’s not good.

Now an international team of researchers and concerned organizations have launched the Global Registry of Fossil Fuels to track the work of companies which are actively extracting deadly fuels. The goal is to help decision makers from local politicians to CEOs understand the dangers of the industry and explain plainly what harm they are doing.

Countries around the world are projected to produce more than twice the fossil fuels consistent with 1.5°C by 2030. It is clear that addressing the climate crisis requires managing the supply of fossil fuels, alongside demand-side measures, and that this needs to be done fairly and equitably. The Global Registry of Fossil Fuels is therefore the first the first-ever comprehensive, independent, policy neutral and fully open-source database that demonstrates the scale of CO2 emissions associated with each country’s national reserves and production, thus enabling policy-makers, investors and others to make informed decisions to align fossil fuel production with 1.5°C, and equipping researchers with the data needed to provide timely analysis.

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Why the Price of Gas Needs to Stay High

Intersection

People who rely on unsustainable energy sources tend to complain about the price of their energy (despite the subsidies they receive). We need to stop listening to those people who only want the dangerous status quo to continue. The price of fossil fuels have increased this year for a few reasons, with the price not being reflective of market costs due to government intervention.

In order to advert climate destruction we need to encourage politicians to not let the price of gas decline.

First, consumers will not accept high prices if it means high profits for fossil fuel companies. Maintaining high prices for consumers must be complemented by a radical overhaul of the taxation regime facing fossil fuel companies, not just one-off windfall taxes. Those taxes would maintain high consumer prices even though the fossil fuel companies wouldn’t actually receive very much—enough to cover reasonable costs, but not enough to invest in further fossil fuel production. As the International Energy Agency has pointed out, to achieve net zero by 2050, the amount of investment needed in new oil and gas production is zero.

Second, consumers will be much more willing to accept higher prices for fossil fuels if the additional tax they pay is returned to citizens as an equal carbon grant. Alaska has done something similar, putting a share of oil revenues into a “permanent fund” which it then distributes through a cheque to every household each year (though this approach can go wrong—in Alaska politicians ended up cutting public services to maintain payments from the state fund).

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Ukrainian Company Produces Easy to Install Solar Panels to get Europe Off Russian Gas

Solar panels on grass

Oil is not just a reason countries go to war, it’s used during war to destabilize allies. Russia’s war in Ukraine is no exception to this as the Russians are profiting from selling Europe gas while threatening to cut off gas supplies to the continent at the same time.

A Ukrainian company, We Do Solar, started selling their easy to install solar panels the same month Russia advanced towards Kyiv. The panels themselves are impressive since they are a self contained system that integrates into existing home electrical system. The core idea is to get them on balconies of towers so individual units can augment their household energy consumption.


In theory, if every balcony in Europe had solar panels such as WeDoSolar’s, it would make getting off Russian oil and gas a great deal easier.

Designed by German engineers and coming insured as part of the offer, the lightweight panels weigh 1 kg each and plug into a standard power socket. The WeDoSolar Microinverter then pushes the power into the home grid, allowing the panels to power home appliances ahead of using the normal grid, since solar is always used ahead of normal grid power, claims the company.

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Make Big Oil Care by Cutting Profits

industry

We’ve heard lots of big claims from oil companies about their commitment to sustainable energy production, but those are all words. Their actions are still to extract fossil fuels which undercut all their efforts to produce renewable energy. The simple reason oil companies are still killing the environment is profit. So to get them to actually live up to their words we need to ensure that oil makes little money. Step one should be to cut market-manipulating subsidies governments give to oil companies.

The best way to hurt oil companies in the meantime is to cut back on your use of gas. Also, remember to vote for politicians that support public transit and clean air.

In terms of electricity generated from clean energy sources, BP has made the most progress of any of the oil companies — but even then, its global renewables capacity only adds up to 2,000 megawatts, the equivalent of about two gas-fired power plants.

Mei Li, a co-author of the report, suggested that the ability to continue profiting from fossil fuels was the chief reason that oil companies haven’t lived up to their climate promises. Wall Street is more likely to reward quarterly profits than moves to overhaul a business over the long-term. “They do not have the incentives to force them to make a clean energy transition,” Li said.

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Pump Up The Heat Pumps

Too many homes use dead dino juice for heat, and we need to get every home to stop burning the remains of extinct species if we’re going avert catastrophic climate change. The good news is that we can easily do this by getting rid of gas burning furnaces and replacing them with heat pumps. The video above explains how and why heat pumps are so efficient, the article below answers common questions about them.

In terms of cost, it may take a homeowner about a decade to recoup the price of a heat pump through savings from not using fossil fuels.

“But if you’re getting rebates…. it’s going to take a lot less of time to get your money back out of it,” Cheriex said.

Peter Sundberg, executive director of City Green, says those interested in installing a heat pump may end up on a wait list. In the interim, he says, homeowners can focus on upgrades to insulation and windows to make their home more energy efficient.

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