BP is trying to have its cake and eat it too. And it is being criticized on all sides: the greens for greenwashing its major activity (oil and natural gas production) and mineral energy advocates for engaging in the uneconomic as a contra-capitalist company. BP head Bernard Looney tries to square the circle with both.
Looney just reported on LinkedIn:
… Continue ReadingSome brilliant news to share today… bp has just signed a $4 billion deal to buy Archaea Energy – a leading US biogas company that produces renewable natural gas. As I’ve said recently – “putting our money where our mouth is.”
I realise renewable natural gas might not mean much to people outside the industry so let me explain… It’s gas from organic waste – homes, cities and farms – that is captured instead of vented into the atmosphere or flared.
“Any further delay in concerted global action will miss a brief and rapidly closing window to secure a liveable future,” said Hans-Otto Pörtner. (IPCC, below)
… government (coercive) mitigation policy is being left behind by self-interested energy actions around the world. Wind and solar and batteries … are running into limits. A new public policy era post-COP27 is called for. (RLB, below)
The UN Conference of Parties to be held in Cairo, Egypt, next month (COP27) has long been in preparation. Net Zero may be a dead he/she walking (Halloween fright?), but expect no backtracking from the Church of Climate. “Don’t Look Up” … IPCC reports … ExxonKnew … it is a one-after-the-other global media campaign to not focus on the Green Energy Crises or the tripartite fossil-fuel boom but on … Net Zero.…
Continue Reading“The Voluntary Carbon Market has produced some of the most egregious examples of #greenwashing on record and is synonymous with a lack of integrity. Voluntary Schemes do not work and are a distraction from reducing carbon to displacing responsibility for carbon emissions.” (Paul Watchman, UK, below)
Last week, three posts at MasterResource documented the problem of carbon offsets as a partial solution to the alleged problem of carbon dioxide (CO2) emissions:
This post shares a recent plea form ESG architect/proponent Paul Watchman for regulating the gray green market. His post follows:
The Voluntary Carbon Market has produced some of the most egregious examples of #greenwashing on record and is synonymous with a lack of integrity.…
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