A Green Degree

This blog intends to bring a new perspective on all things 'green' and sustainable, covering (mostly) energy, politics, the economy & more, what I feel as the most pressing concerns we face. In short, sustainability needs to progress & become the social everyday. That's my passion, and our solution. Screw business as usual people!













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Yet another oil spill 230 miles off the coast Rio de Janeiro, Brazil highlights once again how unstable the offshore oil drilling industry is, and how increasingly likely events like these seem to be coming. Not only was this particular spill reported in the same region as last years Chevron incident, it was seen to be due to what are known as exudations, or deep-sea fissures venting the oil. 

These usually form under the high pressures of the drilling process, and are the respective company’s responsibility to keep plugged, although clearly that was not the case here. Chevron was appropriately fined for the accident on their watch, but in all likelihood, a meagre fine will do nothing but scratch the multi-national conglomerate’s finances. This is just one of many issues with the offshore oil industry.

Given how common these incidents seem to be coming, with the devastating BP Deepwater Horizon spill of 2010 and subsequent 3 months spent attempting to fix the situation, alongside literally 10s of similar, if not lower magnitude accidents happening each year across the globe, there is no shortage of case studies to throw at the fossil fuel industry. 

What I find even more distressing, is that many of the largest ever recorded spills, causing untold ecosystem damage and millions to billions of dollars to clean up, have happened in the early stages of the industry, during the 70s-90s period, including the famous Exxon-Valdez spill of 1989. Clearly, the industry has been a verifiably unstable and dangerous venture since its inception, and yet even today, companies are spending further billions to scout out new deep-sea reserves for drilling. 

Now I understand that a transition away from this highly damaging and expensive fuel will not happen over night, or even over months years, but decades maybe, and that’s the unfortunate truth. Surely however, seeing how often these spills ruin ecosystems and marine environments is enough to make even us shortsighted humans think twice?

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Posted at 1:48pm and tagged with: solar, wind, oil spill, BP, deepwater horizon, Exxon, oil, fossil fuel, coal, climate, ecosystem, environment, Chevron, nuclear, society, protest, energy,.

plantedcity:

From The Times Colonist:

A Canadian researcher is at the centre of a provocative new international study that puts an eye-popping price tag on the damage being done to the world’s oceans and fisheries - a cost that could reach $2 trillion a year by 2100 - from carbon emissions, over-fertilization, over-fishing and other human impacts.

University of British Columbia fisheries economist Rashid Sumaila, a leading critic of international fishing policies, is co-editor of the 300-page Valuing The Ocean report released last week at the high-profile Planet Under Pressure environmental conference in Britain.

The study, touted as a “unique,” monetary assessment of global ocean health and threats, is the latest attempt by ecosystem-conscious scientists to affix financial value to planetary resources taken for granted in traditional models of economic activity.

The project was coordinated by the Swedish-based Stockholm Environment Institute, which said in a statement that “the ocean is the victim of a massive market failure,” and that “the true worth of its ecosystems, services, and functions is persistently ignored by policy-makers and largely excluded from wider economic and development strategies.”

Sumaila said that “the combined global and local threats to the ocean are unprecedented in human history. Incremental change and business-as-usual will not suffice.”

But the global ocean crisis “can be rectified,” the UBC researcher added, “if the ocean and the services it provides are placed at the heart of global efforts to build a green economy for the future.”

Check out the rest of the article here.

(Photo credit: Hani Amir via David Suzuki)

That’s a staggering percentage of the global economic output of today.

Can we really afford to pay that? I don’t think so.

Posted at 9:12pm and tagged with: global economy, ecosystem, money, payment for ecosystem services, nature, climate, environment,.