Thursday, 8 January 2015

(Not) Digging In For the Long Haul?


An International Committee has suggested that a substantial proportion of the world's reserves of  petrochemical deposits (oil, gas and coal) must be left in the ground if we are to get anywhere near the supposedly 'safe' rise in average temperature of only 2 degrees Centigrade (http://www.theguardian.com/environment/2015/jan/07/much-worlds-fossil-fuel-reserve-must-stay-buried-prevent-climate-change-study-says). Given where the deposits are located, I can't personally see much hope that countries and individuals will limit extraction when there are mega bucks to be made from these materials. In deed, governments are generally encouraging companies to find more stuff to take out. Suggestions that people might be paid not to exploit 'their' reserves, seem a little over-optimistic.

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