Tar Sands to Become a Stranded Asset
canada goose outlet store uk The head of the International Monetary Fund has warned that our planet is „perilously close” to a dangerous tipping point which will usher in „merciless” climate change. canada goose outlet store uk
canada goose black friday sale Speaking in London buy canada goose jacket last week week, Christine Lagarde called for a carbon tax, and cut in fossil fuel subsides: „We are subsidizing the very behaviour that is destroying our planet. Both direct subsidies and the loss of tax revenue from fossil fuels ate up almost $2 trillion in 2011. This is about the same as the canada goose factory sale total GDP of countries like Italy or Russia.” canada goose black canada goose uk outlet friday sale
official canada goose outlet Her stark warning canada goose store echoes similar efforts made by her counterpart at the World Bank buy canada goose jacket cheap last month. Taking a canada goose uk black friday historic step, Jim Yong Kim called on investors to dump their holdings in oil, gas and coal: Canada Goose online official canada goose outlet
„Long term investors must recognize canada goose outlet their fiduciary responsibility to future pension holders who will be affected by decisions made today.”
canada goose outlet parka Over the past year, the movement to divest away from fossil fuels has been gaining momentum. canada goose outlet parka
canada goose outlet jackets According to Carbon Tracker, if goverments stand by their canada goose clearance sale pledge to rein in emissions in 6 years time, over $600 billion in oil, gas and coal investments could become worthless. canada goose outlet jackets
canada goose outlet new york city And, that would canadian goose jacket be include oil from Canada Goose Coats On Sale the Canadian tar sands. In fact, it would cheap canada goose uk be the first fossil fuel Canada Goose Parka to be dumped. canada goose outlet new york canada goose city
canada goose outlet online uk Why? Because it’s the dirtiest fuel on earth. According to the US Environmental Protection Agency, it releases over 80% more carbon emissions than conventional sources of crude. canada goose outlet online uk
canada goose outlet toronto factory It’s so filthy, it has the power to raise global temperatures by 0.4 degrees celsius. That marks half https://www.getcanadagooseoutlet.com of the warming already experienced by our planet. canada goose outlet toronto factory
No wonder billionaire investor Jeremy Gratham thinks that „the tar sands will end up as a stranded asset in the next decade or two.”
canada goose outlet online Looking at the Keystone pipeline from this perspective, it makes poor economic sense. canada goose outlet online
Obama should throw down the gauntlet to Canada, and reject what has been dubbed as the largest carbon bomb on the planet.
canada goose outlet Canada Goose Outlet nyc Although the state department argues that Canada will canada goose black friday sale develop its tar sands with, or without the pipeline, alternative modes of transport such as rail will not be in the offing until 2030. By then, the tar sands will no longer be worth pursuing. canada goose outlet nyc
That means by rejecting the pipeline, Obama has the power to Canada Goose Online curtail one of the most polluted projects on earth.
Alternatively, if he approves it, for the sake of 50 permanent jobs, he will become an accomplice to the „merciless” demise of our climate. As I wrote previously:
„Caused by warmer weather over the Pacific Ocean, typhoon Haiyan was over 40 kilometers wide and ratcheted speeds of up to 322 kilometers per hour.
It was the third super storm to strike the archipelago last year, coming 12 months after hurricane Sandy tore across the northeastern seaboard to leave much of New York City submerged under water.
canada goose outlet reviews Once regarded as black swans, such storms have become part of the new normal for life on a canada goose clearance hotter planet.” canada goose outlet reviews
Both storms came during some of the hottest years on record. And, according to the UN, things are only going to get much hotter: up to 6 times hotter.
canada goose outlet canada As the fate of our planet hangs in the balance, canada goose uk shop it is clear to see how the Keystone pipeline has come to represent such an emotive issue in the fight against climate change. canada goose outlet uk canada goose outlet canada
Over the past three years, it has grown into a national movement, inspiring one of the largest environmental protests in US history as over 30,000 people marched outside the White House last February.
Needless to say, Obama’s decision on Keystone XL will cement his legacy as the 44th president of the United States.
canada goose outlet uk Given our planetary odds, climate scientist Michael Mann asks „If the president won’t protect us, who is he protecting?” canada goose outlet uk
canada goose factory outlet According to Friends of the Earth, the primary contractor responsible for the state department’s final Keystone review has financial ties to TransCanda, the group hoping to build the pipeline. canada goose factory outlet
canada goose outlet sale The state department is currently reviewing these allegations. canada goose outlet sale
canada goose outlet uk sale Last June, Obama asked the American people: „Will we have the courage to act before it’s too late?” That’s a question the president will have to ask of himself in the months that lie ahead. canada goose outlet Canada Goose Jackets uk sale
canada goose outlet In the words of Bill McKibben: „If Obama shows some moxie and stands up to Big Oil, he will be the first world leader to have actually stopped a project because of the climate.” canada goose outlet.