Study Says U.S. Companies Lag on Global Warming – New York Times

Study Says U.S. Companies Lag on Global Warming – New York Times

European and Asian companies are paying more attention to global warming than their American counterparts. And chemical companies are more focused on the issue than oil companies.

Those are two conclusions from “Corporate Governance and Climate Change: Making the Connection,” a report that Ceres, a coalition of investors and environmentalists, expects will influence investment decisions.

The report, released yesterday, scored 100 global corporations — 74 of them based in the United States — on their strategies for curbing greenhouse gases. It covered 10 industries — oil and gas, chemicals, metals, electric power, automotive, forest products, coal, food, industrial equipment and airlines — whose activities were most likely to emit greenhouse gases. It evaluated companies on their board oversight, management performance, public disclosure, greenhouse gas emissions, accounting and strategic planning.

The report gave the chemical industry the highest overall marks, with a score of 51.9 out of a possible 100; DuPont, with 85 points, was the highest-ranking American company in any of the industries. Airlines, in contrast, ranked lowest, with a score of 16.6; UAL, the parent of United Airlines, received just 3 points.

Well, clearly government policy and media attitudes have more to do with market behavior and regulation than the “free market fundamentalists” would care to accept.

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    In a sane world, we would be very concerned about measuring, reporting and closely regulating methane releases during its extraction and processing, especially if we claim that it is clean energy. This is nothing I, or other people haven’t said before, but here’s more research summarized in the very respectable Nature Journal indicating that measurable leak rates of methane can vary widely.

    Preliminary results from a field study in the Uinta Basin of Utah suggesting even higher rates of methane leakage — an eye-popping 9% of the total production. That figure is nearly double the cumulative loss rates estimated from industry data — which are already higher in Utah than in Colorado

    via Methane leaks erode green credentials of natural gas : Nature News & Comment.

    10% is a large number. I’ve posted this picture from Wigley (2011) previously. At any leakage rate other than zero, which no one claims, the benefits of switching from coal to methane are very modest.

    It's all about Methane leakage
    It’s all about Methane leakage
    We absolutely need to measure, control and regulate fugitive methane emissions from every BC site, and need to have solid regulation in place before we keep expanding natural gas infrastructure. We need our political leaders to start talking seriously about capturing methane leaks when they talk about BC’s natural gas “play”.
  • Hansen on understating sea level rise due to climate change

    Hansen, the grandfather of all climate research has an essay today in the open access journal Environmental Research Letters arguing that scientists are not communicating the seriousness of sea level rise. And, it is open access, so, no kidney sale required!

    Scientific reticence and sea level rise

    I suggest that a `scientific reticence’ is inhibiting the communication of a threat of a potentially large sea level rise. Delay is dangerous because of system inertias that could create a situation with future sea level changes out of our control. I argue for calling together a panel of scientific leaders to hear evidence and issue a prompt plain-written report on current understanding of the sea level change issue.

    In this paper, Hansen reviews a number of recent studies that point to positive feedback in ice melting (remember, poitive feedback, good for morale, not good for climate change). Hansen then points out that due to these feedback mechanisms, sea level rise is non-linear. His thesis is that all this information is known to most climate scientists, and to a lot of people who maintain even a cursory interest in the matter.

    He finishes with a call to action.

    There is, in my opinion, a huge gap between what is understood about human-made global warming and its consequences, and what is known by the people who most need to know, the public and policy makers. The IPCC is doing a commendable job, but we need something more. Given the reticence that the IPCC necessarily exhibits, there need to be supplementary mechanisms. The onus, it seems to me, falls on us scientists as a community.

    Important decisions are being made now and in the near future. An example is the large number of new efforts to make liquid fuels from coal, and a resurgence of plans for energy-intensive `cooking’ of tar-shale mountains to squeeze out liquid hydrocarbon fuels. These are just the sort of actions needed to preserve a BAU greenhouse gas path indefinitely. We know enough about the carbon cycle to say that at least of the order of a quarter of the CO2 emitted in burning fossil fuels under a BAU scenario will stay in the air for an eternity, the latter defined practically as more than 500 years. Readily available conventional oil and gas are enough to take atmospheric CO2 to a level of the order of 450 ppm.

    In this circumstance it seems vital that we provide the best information we can about the threat to the great ice sheets posed by human-made climate change. This information, and appropriate caveats, should be provided publicly, and in plain language. The best suggestion I can think of is for the National Academy of Sciences to carry out a study, in the tradition of the Charney and Cicerone reports on global warming. I would be glad to hear alternative suggestions.

    Do we need another study? As we wait for the National Academy of Sciences to conduct a study on how best to communicate the danger of sea level rise, many more villages in India and Bangladesh will go under the sea. Apparently, the sea cannot wait for the best communication strategies. It communicates the only way it can, directly!!

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    California’s Prop 65 on Deathbed

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    See this post for some context.

    The vote Wednesday was a sign of the tremendous power of the food industry in Congress. Corporations and trade groups that joined the National Uniformity for Food Coalition, which backed the bill, have contributed more than $3 million to members in the 2005-06 election cycle and $31 million since 1998, according to data from the Center for Responsive Politics.

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    Why bother with an elected goverment if all it does is pass bills written by big industry? Maybe it’s time to get the middlemen out and have big business actually run the country, maybe GM can take a shot! Or maybe the top guy on the Forbes list for the year can take over as president for the year, this will give Warren Buffett good incentive to knock off Mr Gates.

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