Month: March 2009

E.P.A. to Regulate greenhouse gases

The Environmental Protection Agency has moved to declare that greenhouse gases are pollutants that pose a danger to the public’s health and welfare. That determination, once made final, will pave the way for federal regulation of carbon dioxide, methane and other heat-trapping gases linked to global warming.

via NY Times

Of course, this action was required by a US Supreme Court decision on greenhouse gases last year and provides the regulatory side to the push that must come from congress.

There have been recent rumblings that the US Congress would shelve climate change for 2010. While this would please some Americans in the short term, the idea of the US going into the Copenhagen climate change conference without a GHG reduction plan out on the table leaves me very dispirited. The timing of the EPA’s announcement suggests that there might be some pressure from the EPA to get Congress to act. It is clear that the EPA does not have breadth of scope to pull of climate change regulation using a rule making process. Maybe if it starts trying, American politicians may get their act together.

Clutching at straws…

Tar Sands a Risky Bet for Investors

Long-term, the story is the same, if not worse, for investors. A new report released by Innovest Strategic Value Advisors says that even with a recovery in oil prices, tar sands projects will not be economically viable. It's an analysis that has left investors surprised and perplexed, according to Yulia Reuter, author of the report, who presented it last week at the annual Riskmetrics Canadian Proxy Season Briefing in Toronto.

Solve Climate

The idiocy of burning large amounts of clean natural gas to make large amounts of dirty oil in a way that leads to terrible water pollution, air pollution and habitat destruction simply blows the mind.