The fossil fuel industry is increasingly challenged by efforts to integrate climate priorities into the policy landscape, low-cost renewable generation, and investor concerns about financial risk. In the last year, the U.S. oil, natural gas and chemicals industry has seen exceptionally fast-paced layoffs, and coal was declining rapidly even prior to the onset of COVID-19.
A Sustainable Development Solutions Network Report found that about 12,000 workers in coal mining and related industries will face job displacement every year over the next nine years (2021 – 2030) as coal is phased out. The same report found that about 34,000 workers will lose their jobs each year (2031 – 2050) as oil and gas use decreases.
Last week, Molly Segal wrote about
John Lyons wrote, Carbon capture and storage is like mopping the floor while the tap is still running.
Mark Shulist wrote, Thanks for the carbon capture article. Too many people think that science will save us from our folly. Planting trees and legislating green roofs on all buildings (including schools) would be better than the industrial carbon capture deception.
Lil MacPherson wrote, There is now a new understanding from soil science all over the world that we have a huge potential carbon sink, and the answer is just beneath our feet, the soil, and it can save us. By focusing on regenerative organic farming practices (now called carbon farming) and no-till farming, we can sequester atmospheric carbon and start to reverse this dangerous legacy load of carbon in the atmosphere. It s the only real technology that can safely sequester and store carbon at a rate that can make a real difference to help stabilize this planet.