[✔️] October 28, 2022 - Global Warming News - daily selection

[Richard Pauli]

/*October 28, 2022*/

/[ warning from top climate scientist ]/
Prof Michael E. Mann
@MichaelEMann
*I fear what we may be witnessing right now is that private/corporate 
ownership of the media has now become fundamentally incompatible with 
democracy.*
https://mobile.twitter.com/MichaelEMann/status/1585082468993941504



/[  Widely ignored, specifically denied, here now we read, and we will 
feel it tomorrow ]/
*World close to ‘irreversible’ climate breakdown, warn major studies*
The UN environment agency’s report found there was ‘no credible pathway 
to 1.5C in place’ amid ‘woefully inadequate’ progress on cutting carbon 
emissions. Photograph: Lukas Schulze/Getty Images
Key UN reports published in last two days warn urgent and collective 
action needed – as oil firms report astronomical profits

by Damian Carrington Environment editor
Thu 27 Oct 2022
The climate crisis has reached a “really bleak moment”, one of the 
world’s leading climate scientists has said, after a slew of major 
reports laid bare how close the planet is to catastrophe.

Collective action is needed by the world’s nations more now than at any 
point since the second world war to avoid climate tipping points, Prof 
Johan Rockström said, but geopolitical tensions are at a high.

He said the world was coming “very, very close to irreversible changes … 
time is really running out very, very fast”.

Emissions must fall by about half by 2030 to meet the internationally 
agreed target of 1.5C of heating but are still rising, the reports 
showed – at a time when oil giants are making astronomical amounts of money.

On Thursday, Shell and TotalEnergies both doubled their quarterly 
profits to about $10bn. Oil and gas giants have enjoyed soaring profits 
as post-Covid demand jumps and after Russia’s invasion of Ukraine. The 
sector is expected to amass $4tn in 2022, strengthening calls for heavy 
windfall taxes to address the cost of living crisis and fund the clean 
energy transition...
All three of the key UN agencies have produced damning reports in the 
last two days. The UN environment agency’s report found there was “no 
credible pathway to 1.5C in place” and that “woefully inadequate” 
progress on cutting carbon emissions means the only way to limit the 
worst impacts of the climate crisis is a “rapid transformation of 
societies”.

Current pledges for action by 2030, even if delivered in full, would 
mean a rise in global heating of about 2.5C, a level that would condemn 
the world to catastrophic climate breakdown, according to the UN’s 
climate agency. Only a handful of countries have ramped up their plans 
in the last year, despite having promised to do so at the Cop26 UN 
climate summit in Glasgow last November...
- -
Climate experts agree that every action that limits global heating 
reduces the suffering endured by people from climate impacts. “The 1.5C 
target is now near impossible, but every fraction of a degree will 
equate to massive avoided damages for generations to come,” said Prof 
Dave Reay, at the University of Edinburgh, UK.

Röckstrom said: “Despite the fact that the situation is depressing and 
very challenging, I would strongly advise everyone to act in business or 
policy or society or science. The deeper we fall into the dark abyss of 
risk, the more we have to make efforts to climb out of that hole. It’s 
not as if we don’t know what to do – it’s rather that we’re not doing 
what is necessary.”
https://www.theguardian.com/environment/2022/oct/27/world-close-to-irreversible-climate-breakdown-warn-major-studies

- -

/[  COP 27 and the sentiment of much of the world ] /
*Climate Pledges Are Falling Short, and a Chaotic Future Looks More Like 
Reality*
With an annual summit next month, the United Nations assessed progress 
on countries’ past emissions commitments. Severe disruption would be 
hard to avoid on the current trajectory.
- -
Countries around the world are failing to live up to their commitments 
to fight climate change, pointing Earth toward a future marked by more 
intense flooding, wildfires, drought, heat waves and species extinction, 
according to a report issued Wednesday by the United Nations.
- -
An analysis by the World Resource Institute found that current promises 
by nations would reduce global greenhouse gas emissions by around 7 
percent from 2019 levels, even though six times that, a reduction of 43 
percent, would be necessary to limit global warming to 1.5 degrees Celsius.

“Of the major economies, we have seen a few countries update this year. 
India formalized its commitments; Australia updated theirs when they got 
a new government in place; Indonesia followed through,” said Ms. Fransen 
of the World Resources Institute. “But each of those countries had 
failed to update their N.D.C.s until now, so they are making up for lost 
time.”
- -
John Kerry, President Biden’s climate envoy, called on China, Russia, 
Saudi Arabia and Mexico as well as all other leading economies to align 
their climate policies with the goal of constraining global warming to 
1.5 degrees.

“We all know the top 20 economies are responsible for 80 percent of 
emissions,” Mr. Kerry said during a speech Tuesday at the Council on 
Foreign Relations. Their pledges should be strengthened this year, he said.

“That’s what people agreed to do,” he said. “It takes all to get the job 
done.”
https://www.nytimes.com/2022/10/26/climate/un-climate-pledges-warming.html?


/
//[ Novice news reporter worth viewing -- her video is a climate recap 
of top stories - worthy ]/
*Meloni wants to make climate change a right-wing issue, Apple tackles 
supply chain emissions | Recap*
Oct 27, 2022  If you like the work I do, please consider joining the 
Beckisphere Patreon at https://www.patreon.com/beckisphere or buying me 
a cup of coffee at https://www.buymeacoffee.com/beckisphere. Remember to 
talk about the climate crisis every day and support your local news 
organizations!
https://youtube.com/watch?v=X1NRfExRtkQ&feature=share&utm_source=EKLEiJECCKjOmKnC5IiRIQ&t=47



/[ Brazil election outcome will affect the world ]/
*Future of Amazon rainforest at stake in Brazil's presidential election*
3,636 views  Oct 26, 2022  On Sunday, millions of people across Brazil 
will vote in the final round of its presidential election. They'll 
choose between right-wing incumbent Jair Bolsonaro, and former President 
Luiz Inacio Lula da Silva. To many, the future of the Amazon rainforest 
is on the ballot. Special correspondent Jane Ferguson has the story 
produced in partnership with the Pulitzer Center.
https://www.youtube.com/watch?v=msW9_pwitck



/[ quite sensible, but certainly radical economics ]/
*The Most Sustainable Economy in the World | Kate Raworth*
Oct 26, 2022  Kate Raworth is a renegade economist focused on making 
economics fit for 21st century realities. Senior Associate at Oxford 
University’s Environmental Change Institute, she is the creator of the 
Doughnut of social and planetary boundaries, and co-founder of Doughnut 
Economics Action Lab.

Kate joins me to discuss Doughnut Economics, her radical theory of a 
regenerative and distributive economics model which protects both planet 
and citizens. This is an economy which prioritises well-being, rejects 
the market principles and profit-maximisation, and enables the 
principles of community and creativity to flourish.

We discuss the fallacy of growth and neoliberalism, the extractivism of 
“developed” nations, long-termism vs short-termism, and the principles 
of regeneration and distribution. Kate also shares success stories from 
the communities and local governments implementing the doughnut model.
https://www.youtube.com/watch?v=n7jjlKoLuCY

/
/

/[  80 yr old scientist, Peter Carter says that denial is worst trait of 
our condition ]/
*Climate Emergency Denial Evil*
Oct 22, 2022  On track to an unlivable climate, with fossil fuel CO2 
emissions at record high, the denial campaign has morphed into climate 
emergency denial, to keep the fossil industry burning carbon, and 
burning up the planet.
https://www.youtube.com/watch?v=XW0jeXdfxLc



/[ nothing changes unless there is money to be made, or money to be lost ]/
*France becomes latest country to leave controversial energy charter treaty*
Quitting the ECT, which protects fossil fuel investors from policy 
changes that might threaten their profits, was ‘coherent’ with Paris 
climate deal, Macron said
Arthur Neslen
Fri 21 Oct 2022
France has become the latest country to pull out of the controversial 
energy charter treaty (ECT), which protects fossil fuel investors from 
policy changes that might threaten their profits.

Speaking after an EU summit in Brussels on Friday, French president, 
Emmanuel Macron, said: “France has decided to withdraw from the energy 
charter treaty.” Quitting the ECT was “coherent” with the Paris climate 
deal, he added.

Macron’s statement follows a recent vote by the Polish parliament to 
leave the 52-nation treaty and announcements by Spain and the 
Netherlands that they too wanted out of the scheme.

Earlier on Friday, an ally of Macron’s in Brussels, the French MEP 
Pascale Canfin, said: “We need to exit the energy charter treaty because 
we end up being sued by multinational companies through private 
tribunals which prevent us carrying out our climate policies.”

The European Commission has proposed a “modernisation” of the agreement, 
which would end the writ of the treaty’s secret investor-state courts 
between EU members. That plan is expected to be discussed at a meeting 
in Mongolia next month.

A French government official said Paris would not try to block the 
modernisation blueprint within the EU or at the meeting in Mongolia. 
“But whatever happens, France is leaving,” the official said.

While France was “willing to coordinate a withdrawal with others, we 
don’t see that there is a critical mass ready to engage with that in the 
EU bloc as a whole”, the official added.

The French withdrawal will take about a year to be completed, and in 
that time, discussion in Paris will likely move on to ways of 
neutralising or reducing the duration of a “sunset clause” in the ECT 
that allows retrospective lawsuits. Progress on that issue is thought 
possible by sources close to ongoing legal negotiations on the issue.

The energy charter treaty was set up in 1994 to protect western energy 
firms working in former Soviet countries. It allows investors to sue 
governments which enact policies that could undermine their expected 
financial returns.

However, critics have estimated that the final cost in compensation to 
fossil fuel companies could rise to more than a trillion dollars.

In August, the UK oil firm Rockhopper received a £210m award as 
compensation for an Italian offshore drilling ban. Italy has also 
withdrawn from the treaty.
https://www.theguardian.com/world/2022/oct/21/france-becomes-latest-country-to-leave-controversial-energy-charter-treaty



/[The news archive - looking back]/
/*October 28, 2005*/
October 28, 2005: The New York Times reports:

"A sudden interruption in oil supplies sent prices and profits 
skyrocketing, prompting Exxon's chief executive to call a news 
conference right after his company announced that it had chalked up 
record earnings.

'I am not embarrassed,' he said. 'This is no windfall.'

"That was January 1974, a few months after Arab oil producers cut back 
on supplies and imposed their short-lived embargo on exports to the 
United States. Oil executives, including J. K. Jamieson, Exxon's chief 
executive at the time, were put on the defensive, forced to justify 
their soaring profits while the nation was facing its first energy crisis.

"Three decades later, their successors are again facing contentions that 
oil companies are making too much money and have failed to expand 
production.

"Politicians and other critics are asking why the industry allowed its 
refining capacity to tighten.

"Exxon Mobil, the world's largest oil company, said yesterday that its 
third-quarter net income jumped 75 percent, to $9.92 billion. Its profit 
in the first nine months of this year - $25.42 billion - already equals 
its full-year earnings for 2004. This year's sales, which topped $100 
billion in the last quarter, are expected to exceed those of Wal-Mart.

"Another oil giant, Royal Dutch Shell, reported a 68 percent jump in 
profits yesterday, to $9.03 billion. Chevron is expected to post a 
profit of more than $4 billion today.

"This year is shaping up as an exceptionally lucrative one for the oil 
industry, thanks to strong global demand, tight supplies and high prices 
for oil and natural gas. While the idea that the Bush administration was 
considering imposing a windfall profits tax was knocked down yesterday 
by officials, longstanding resentments against Big Oil are resurfacing 
and could end up imposing some additional burdens on the industry.

"The sense that government should step in to curb the phenomenal wealth 
and power often enjoyed by oil companies goes back to Exxon Mobil's 
corporate ancestor from the late 19th century, the Rockefeller oil trust 
known as Standard Oil.

"Today, Republicans and Democrats alike, aware of the politically 
sensitive issue of high energy prices, are putting increasing pressure 
on the oil and gas industry to return some of its profits. The ideas 
include forcing the industry to invest in more refining capacity, to 
increase inventories to cushion energy shocks, or to provide money 
directly to the government program that helps low-income people pay 
heating bills."
http://www.nytimes.com/2005/10/28/business/28oil.html?_r=0&pagewanted=print


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