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Bill McKibben goes after Big Oil
On our current trajectory, we stand to overshoot every global warming ceiling. 350.org's current 'Fossil Free' campaign targets campus investment in oil stocks, underlining the urgency to get something done about climate — now.
Thu, Dec 06 2012 at 5:34 PM
 6

Related Topics:

Global Warming, Climate Change, Oil & Gas
bill mckibben

Bill McKibben is concentrating on waking up the world to our climate crisis. (Photo: Paul Anderson)

Among environmental scribes, Bill McKibben is a legend. That’s not only because he had a knack, in such books as "The End of Nature" (1989), "The Age of Missing Information" (1992) and his most recent "Eaarth" (2011), of telling an important story before anybody else, but also because he is a mensch, and so darned helpful reviewing and blurbing books for other writers. (Including at least one of mine.)
 
That’s why it got attention when McKibben largely stopped writing and became a climate activist, best known as the founder of 350.org. The reasons for that are in an article he wrote for Rolling Stone last summer. “The official position of planet Earth at the moment is that we can’t raise the temperature more than two degrees Celsius,” he wrote. “It’s become the bottomest of bottom lines. Two degrees.” And we’re already three quarters of the way to overshooting that target.
 
The group’s title refers to the 350 parts per million of carbon dioxide considered to be the upper safe limit to concentrate in the atmosphere. Well, the bad news is that we’re already at 391 parts per million and counting. No wonder McKibben feels such urgency, and he’s not alone.
 
I was struck by this story in the Boston Phoenix, in which Wen Stephenson, a former member of the media establishment — card-carrying NPR editor and Boston Globe editor — describes how he followed in McKibben’s footsteps and resigned from the media business for much the same reason. Stephenson wrote, “On our current trajectory, it’s entirely possible that we’ll no longer have a livable climate — one that allows for stable, secure societies to survive — within the lifetimes of today’s children.”
 
350.org hasn’t changed the world yet, but it’s had an impact around the world. A growing percentage of people believe climate change is real, helped perhaps by such evidence as a new NRDC report that we're effectively losing winter sports because of warming temperatures. I wrote about that five years ago, but couldn't get much traction on the issue. Now it's unavoidable.
 
350.org's current “Fossil Free” campaign is aimed at convincing colleges to divest their oil stocks, and McKibben is on a 21-city campus tour in a biodiesel bus, speaking and raising hell. He called me from the road, shortly before taking delivery of his new Ford C-Max plug-in hybrid.
 
The U.N.-sponsored climate talks are on in Doha, Qatar, but McKibben isn’t there. “The Doha talks are a joke, a charade going nowhere,” he said. “We’re all but boycotting the process.” Did I say there’s a sense of urgency here? The Doha negotiators, between desultory sessions about maybe, possibly starting a process in 2015 that would actually take effect in 2020, are arguing about how the poor countries are going to get financial compensation from the rich countries.
 
That debate, fraught though it may be with issues of environmental justice, has stalled any meaningful progress in the international negotiations, through Copenhagen and Mexico City. Sure, the wealthy countries in Europe and North America emitted most of the CO2 that’s now threatening Pacific Islands and other low-lying regions with uncontrolled flooding or inundation, but the actual bill is so huge nobody’s going to pay it.
 
Disinvestment is an end run around the painfully slow U.N. process. “The fossil fuel industry is a rogue industry,” McKibben said. “We stand to emit five times as much CO2 as even the most conservative government says is safe. The fuel will definitely be burned unless we change the story line. Here's some video on that:
 
 
McKibben’s reference points are Big Tobacco (which hasn’t lost the war yet, but is sure losing on points), and the successful college-based divestment campaign over investment in apartheid South Africa. “This is a different kind of animal, but it’s about an industry that is behaving recklessly and irresponsibly and deserves to lose its mandate.”
 
It could be worse. The Bush/Cheney energy plan called for a whopping 200 coal-fired power plants to be constructed in the U.S. The reality is that 170 of those have been blocked, though there are still 1,274 of them operating.
 
In an article for the Huffington Post, Christian Parenti claimed that a carbon tax would be a better way to go after Big Oil, since the petroleum interests aren’t really dependent on making money in the stock market. But McKibben says that misses the point — the goal isn’t to bankrupt ExxonMobil, but to weaken it politically. It’s a battle for hearts and minds as much as an oil company’s bottom line. “Exxon will pay a premium,” he says. “It will begin to have an effect on them.”
 
We now face a glut of oil discoveries, plus big supplies from unconventional sources such as Canadian tar sands. Natural gas, cleaner than oil but still a fossil fuel, is available in unprecedented abundance (thanks to hydraulic fracking). Peak oil, it’s not happening. “If only we were so lucky as to run out of oil,” McKibben says. “We have to actually restrain ourselves.”
 
The big hurdle here is that people don’t exactly have a sterling reputation when it comes to restraint — for our planet or anything else. But as McKibben can tell you, this time it’s fundamentally different — we’re fighting for the survival of the Earth as a livable habitat.
 
MNN tease photo: 350vt/Flickr
 

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anonymous
tom brandstette... Dec 10 2012 at 7:35 PM

Jim I strongly recomend you take up Asher's offer to become better informed on these resources (limits of flow type info). That's what Asher does for a living. You can find his work and many others at Post Carbon Institute. It's critcal that mainstream eviro. groups get accurate info instead of industry hype. Our goals of a liviable future are similar but set of assumptions are not

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asher Dec 08 2012 at 2:51 PM
With all due respect to Jim Motavalli, this post is another example of why it's so important to raise the fundamental energy literacy of many environmentalists who seem not to understand the difference between a resource and a reserve. "We now face a glut of oil discoveries, plus big supplies from unconventional sources such as Canadian tar sands. Natural gas, cleaner than oil but still a fossil fuel, is available in unprecedented abundance (thanks to hydraulic fracking). Peak oil, it’s not happening."
.... More
The fact that we are drilling 18,000 feet down in deep water, digging up bitumen that requires high levels of natural gas, water, and dilutants, or exploding shale rocks deep under ground and pumping in water and chemicals to get at tight oil or shale gas deposits IS PEAK OIL. Are there enough accessible hydrocarbons to tip us well over into climate no man's land? Hell yes. But those of us concerned about climate change would do well to embrace economic/supply constraint arguments in our opposition to the fossil fuel death-grip on our energy future. By erroneously reinforcing the industry's hype about the potential of shale gas, tight oil (shale oil), and tar sands, we keep the debate exactly where the industry wants it -- as a choice between environmental protection on the one hand and jobs, economic growth, and energy security on the other. It's a false choice.
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anonymous
Jim Motavalli Dec 08 2012 at 5:10 PM

With all due respect to you, Asher, the supply of unconventional oil supplies from Alberta tar sands and, say, Rocky Mountain shale, is huge and potentially postpones any effective peak oil for decades. The higher oil prices go, the more economic it is to drill those resources, and that's why Canada is the U.S.' biggest oil exporter, doubling Saudi Arabia.

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anonymous
Guest Dec 10 2012 at 1:49 PM

RM shale is keragen, much different from tar sands. It will never be economic to produce within capitalism.

Meanwhile, inquiring minds want to know: Did Mr. McKibben purchase his C-Max, or is he fronting for Ford?

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asher's picture
asher Dec 08 2012 at 7:02 PM
Jim, I'm afraid you might be mixing up your terms. There's a big difference between resources, reserves, and supplies. Current oil production from tar sands is about 1.7 million barrels/day (less than 2% of global oil production). Yes, we import more oil from Canada than anywhere else but that's a result of economic and geological implications, not geological considerations. Saudi Arabia produces far more oil than Canada. So does the US for that matter. Even while the most rosy projections have
.... More
tar sands production tripling by 2030 (see here: http://screencast.com/t/rXqhjy4NNK), that's still no energy panacea. Do tar sands have the potential to "postpone peak oil for decades?" No, not when depletion from conventional fields is 4 mbd per year, more than twice what tar sands add to world oil production. Does that mean we should destroy boreal forests, build pipelines, and burn this awful stuff? No. In fact, the difficulty and high cost of producing tar sands oil is another strong argument for investing in conservation and renewables. I wish more of my fellow environmentalists could realize that. And as for oil shales: Yes, they are considered to be the largest reserves in the world and the US is said to have half the world's reserves. But they are really misnamed -- not oil but rather kerogen, which basically means it was never exposed to the temperatures and pressure required to turn it into oil. We've known about this stuff for a long time, but in order to turn it into liquid fuels it requires us to essentially bake it at high temperatures for a very long time. It's very costly and has very low EROEI, which is why the all-time peak of world production was in 1980 at about 18,000 barrels/day. That was about 0.2% of world production. Even with record high prices in the last five+ years we've not seen a big investment push. Lastly, you say "The higher oil prices go, the more economic it is to drill those resources." Yes, but high oil prices have a tendency to put a drag on the economy and destroy demand. You might be interested in the analysis done by economist James Hamilton on the correlation between oil price spikes and recessions: http://dss.ucsd.edu/~jhamilto/oil_history.pdf. This is complicated stuff to be sure. I'd be happy to share more information with you, if you're interested. The bottom line is that we must transition away from fossil fuels as rapidly as possible BOTH because of climate change and other environmental risks AND because we are exiting the age of cheap and easy energy, entering what Michael Klare calls the age of "extreme energy."
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anonymous
Enter your name Dec 08 2012 at 1:31 PM

He took delivery of an automobile? Yet he wants to call oil a rogue industry? Therein lies the fatal evasion of McKibbenism.

Speaking of the C-Max, it gets the same MPG (real world) as the Toyota Yaris, with the added bonus of wasting another hunk of the planet's lithium supply.

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