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<p><i><font size="+1"><b>June 20, 2020</b></font></i><br>
</p>
[speaks of social tipping points]<br>
<b>Greta Thunberg: Climate change 'as urgent' as coronavirus</b><br>
By Justin Rowlatt - Chief environment correspondent<br>
Greta Thunberg says the world needs to learn the lessons of
coronavirus and treat climate change with similar urgency.<br>
<br>
That means the world acting "with necessary force", the Swedish
climate activist says in an exclusive interview with BBC News.<br>
<br>
She doesn't think any "green recovery plan" will solve the crisis
alone.<br>
<br>
And she says the world is now passing a "social tipping point" on
climate and issues such as Black Lives Matter...<br>
- - -<br>
"People are starting to realise that we cannot keep looking away
from these things", says Ms Thunberg, "we cannot keep sweeping these
injustices under the carpet".<br>
<br>
She says lockdown has given her time to relax and reflect away from
the public gaze.<br>
<br>
Ms Thunberg has shared with the BBC the text of a deeply personal
programme she has made for Swedish Radio...<br>
- - <br>
She says the only way to reduce emissions on the scale that is
necessary is to make fundamental changes to our lifestyles, starting
in developed countries. But she doesn't believe any leaders have the
nerve to do that.<br>
<br>
Instead, she says, they "simply refrain from reporting the
emissions, or move them somewhere else".<br>
<br>
She claims the UK, Sweden and other countries do this by failing to
account for the emissions from ships and aircraft and by choosing
not to count the emissions from goods produced in factories abroad.<br>
<br>
As a result, she says in her radio programme, the whole language of
debate has been degraded.<br>
<br>
"Words like green, sustainable, 'net-zero', 'environmentally
friendly', 'organic', 'climate-neutral' and 'fossil-free' are today
so misused and watered down that they have pretty much lost all
their meaning. They can imply everything from deforestation to
aviation, meat and car industries," she said.<br>
<br>
Ms Thunberg says the only positive that could come out of the
coronavirus pandemic would be if it changes how we deal with global
crises: "It shows that in a crisis, you act, and you act with
necessary force."<br>
<br>
She says she is encouraged that politicians are now stressing the
importance of listening to scientists and experts...<br>
- -<br>
The teenager believes the only way to avoid a climate crisis is to
tear up contracts and abandon existing deals and agreements that
companies and countries have signed up to.<br>
<br>
"The climate and ecological crisis cannot be solved within today's
political and economic systems", the Swedish climate activist
argues. "That isn't an opinion. That's a fact."<br>
<br>
Thunberg talks movingly of a road-trip she and her father took
through North America in an electric car borrowed from Arnold
Schwarzenegger, the Hollywood actor turned politician and climate
campaigner.<br>
<br>
She visited the charred remains of Paradise, the Californian town
destroyed by a wildfire in November 2018.<br>
<br>
She is shocked by the carbon-intensive lifestyles she saw in the US.
"Apart from a few wind power plants and solar panels," she says,
"there are no signs whatsoever of any sustainable transition,
despite this being the richest country in the world."<br>
<br>
But the social inequities struck her just as forcefully.<br>
<br>
She describes meeting poor black, Hispanic and indigenous
communities.<br>
<br>
"It was very shocking to hear people talk about that they can't
afford to put food on the table", she explained...<br>
- -<br>
She describes signs of what she calls an "awakening" in which
"people are starting to find their voice, to sort of understand that
they can actually have an impact".<br>
<br>
That is why Greta Thunberg says she still has hope.<br>
<br>
"Humanity has not yet failed", she argues.<br>
<br>
She concludes her radio documentary in powerful form.<br>
<br>
"Nature does not bargain and you cannot compromise with the laws of
physics," the teenager asserts.<br>
<br>
"Doing our best is no longer good enough. We must now do the
seemingly impossible. And that is up to you and me. Because no one
else will do it for us."<br>
<a class="moz-txt-link-freetext" href="https://www.bbc.com/news/science-environment-53100800">https://www.bbc.com/news/science-environment-53100800</a>
<p>- - -</p>
[audio - Greta speaks on Swedish Radio 75 mins]<br>
<b>Greta Thunberg: Humanity has not yet failed</b><br>
Climate activist Greta Thunberg urges world leaders to do more.
"Doing our best is no longer good enough. We must now do the
seemingly impossible, "Thunberg says in the Swedish Radio show"
Summer on P1 "where she takes us along her trip to the front lines
of the climate crisis.<br>
- - <br>
"Who is the adult in the room?"<br>
<a class="moz-txt-link-freetext" href="https://sverigesradio.se/sida/avsnitt/1535269?programid=2071">https://sverigesradio.se/sida/avsnitt/1535269?programid=2071</a><br>
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[obviously]<br>
<b>Big corporate climate pledges often can't work without policy
changes</b><br>
Ben Geman, author of Generate<br>
Lyft's newly announced plan to go 100% electric by 2030 blends
ambition on climate with an admission that making good relies on
variables it can perhaps influence but can't control.<br>
<br>
Why it matters: The ride-hailing giant is admirably open about
something that can get lost in the avalanche of big pledges over the
last two years. They need policy changes to make it work.<br>
<br>
Lyft outlined a pathway that starts with more near-term electric
vehicle deployment through its driver rental program and more slowly
spurring electrification of driver-owned cars used for the vast
majority of Lyft rides...<br>
- -<br>
The big picture: Look closely at various pledges and you'll see that
a number -- though not all -- rely on a mix of corporate
decision-making, technology advancements and policy changes to help
meet the goals.<br>
<br>
For instance, consider Duke Energy, one of the largest utilities in
the nation and among a growing number of power giants pledging
net-zero emissions or 100% carbon-free electricity by midcentury.<br>
Its plan to be net-zero emissions by 2050 is shot-through with
policy discussion, such as "permitting reforms" that will enable
deployment of new technologies.<br>
One level deeper: All the giant European oil companies are now
setting targets for steeply cutting "Scope 3" emissions -- that is,
emissions from the use of their products in the economy, not just
the comparatively small emissions from their own operations.<br>
<br>
This either explicitly or tacitly acknowledges the role of policy in
addition to their own business practices (and indeed the companies
are also vowing to boost their advocacy).<br>
Take the French multinational giant Total, which points out that
it's aiming for net-zero overall emissions by 2050 "together with
society" and that it will develop "active advocacy" around carbon
pricing and more.<br>
The bottom line: It's another lens onto something we've written
about before that's getting a lot of attention as President Trump
scales back federal efforts.<br>
<br>
The burst of state, local and business emissions efforts can do a
lot -- but they're not a substitute for national policy.<br>
<a class="moz-txt-link-freetext" href="https://www.axios.com/corporate-climate-pledges-need-policy-changes-2545bf66-cfbe-43bb-8176-f9b71171b50d.html">https://www.axios.com/corporate-climate-pledges-need-policy-changes-2545bf66-cfbe-43bb-8176-f9b71171b50d.html</a><br>
<b></b>
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[video understanding weather]<br>
<b>Jet Stream Fracturing and Blocking With Abrupt Climate Change</b><br>
Jun 19, 2020<br>
Paul Beckwith<br>
As the Arctic warms at faster rates, decreasing the temperature
gradient to the equator, jet streams slow and become wavier in the
North-South direction (aka meridional), making the likelihood of
getting stuck for weeks on end in persistent patterns called blocks
greater. Westerly winds must reroute around these blocks, either to
the north of them or to the south of them, or get stalled out
completely. As the jet streams weaken and get more fractured, the
temperature contrast between land and ocean gain influence, as does
the topography (orography) of the land below (mountains versus flat
regions). Complexity abounds.<br>
<a class="moz-txt-link-freetext" href="https://www.youtube.com/watch?v=keDL5_lrY3A">https://www.youtube.com/watch?v=keDL5_lrY3A</a><br>
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[Radical debate - first 30 mins of video]<br>
<b>Climate Change & Coronavirus | Excerpt from a Cambridge
University Debate | Extinction </b><b>Rebellion</b><br>
Extinction Rebellion<br>
<b>Roger Hallam</b> contributes to a live Cambridge Union online
debate with <b>Lord Martin Rees </b>(British scientist) <b>Will
Wilkinson</b> (American writer) and <b>Alice Hill</b> (American
policy-maker and academic) <br>
Recorded live on the 19 June 2020.<br>
Help XR mobilise and donate here: <a class="moz-txt-link-freetext" href="https://rebellion.earth/donate/">https://rebellion.earth/donate/</a><br>
Extinction Rebellion: <a class="moz-txt-link-freetext" href="https://rebellion.earth/">https://rebellion.earth/</a><br>
International: <a class="moz-txt-link-freetext" href="https://rebellion.global/">https://rebellion.global/</a><br>
1. #TellTheTruth <br>
2. #ActNow <br>
3. #BeyondPolitics<br>
World Map of Extinction Rebellion Groups:
<a class="moz-txt-link-freetext" href="https://rebellion.global/branches/">https://rebellion.global/branches/</a><br>
Twitter: <a class="moz-txt-link-freetext" href="https://twitter.com/ExtinctionR">https://twitter.com/ExtinctionR</a> <br>
<a class="moz-txt-link-freetext" href="https://www.youtube.com/watch?v=3-TxlZcCuBU">https://www.youtube.com/watch?v=3-TxlZcCuBU</a><br>
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[follow the money]<br>
<b>Rising Seas Threaten an American Institution: The 30-Year
Mortgage</b><br>
Climate change is starting to transform the classic home loan, a
fixture of the American experience and financial system that dates
back generations...<br>
- - <br>
The trends foreshadow a broader reckoning. The question that
matters, according to researchers, isn't whether the effects of
climate change will start to ripple through the housing market.
Rather, it's how fast those effects will occur and what they will
look like...<br>
- - -<br>
There was nothing magical about a period of 30 years, Dr. Caplin
said; it simply proved useful, making payments predictable and
affordable by stretching them out over decades. "It was designed
from a viewpoint of a consumer, who wouldn't find it too hard to
understand exactly what they had committed to," Dr. Caplin said.<br>
<br>
But now, as the world warms, that long-term nature of conventional
mortgages might not be as desirable as it once was, as rising seas
and worsening storms threaten to make some land uninhabitable. A
retreat from the 30-year mortgage could also put homeownership out
of reach for more Americans.<br>
<br>
Changes to the housing market are just one of myriad ways global
warming is disrupting American life, including spreading disease and
threatening the food supply. It could also be one of the most
economically significant. During the 2008 financial crisis, a
decline in home values helped cripple the financial system and
pushed almost nine million Americans out of work...<br>
- - <br>
Fannie Mae and Freddie Mac said, "Any loan located in
FEMA-designated Special Flood Hazard Areas must have flood insurance
in order for the loan to be purchased by Freddie Mac or Fannie Mae."<br>
<br>
But flood insurance isn't likely to address the problem, Dr. Keenan
said, because it doesn't protect against the risk of a house losing
value and ultimately becoming unsellable...<br>
- - <br>
In new research this month, Dr. Ouazad found that, since the housing
crash, the share of homes with fixed-rate, 30-year mortgages has
declined sharply -- to less than 80 percent, as of 2016 -- in areas
most exposed to storm surges. In the rest of the country, the rate
has stayed constant, at about 90 percent of home loans...<br>
<a class="moz-txt-link-freetext" href="https://www.nytimes.com/2020/06/19/climate/climate-seas-30-year-mortgage.html">https://www.nytimes.com/2020/06/19/climate/climate-seas-30-year-mortgage.html</a><br>
<p><br>
</p>
[Podcast interview Links the issues]<br>
<b>The Inseparable Link Between Climate Change And Racial Justice</b><br>
Short Wave<br>
June 18, 2020<br>
Marine biologist Ayana Elizabeth Johnson wrote a Washington Post
op-ed about the ways the fight around climate change and racial
justice go hand in hand. Host Maddie Sofia talks with her about that
and how Ayana says the fight against climate change could be
stronger if people of color weren't being constantly exhausted by
racism.<br>
<a class="moz-txt-link-freetext" href="https://www.npr.org/2020/06/16/878941532/the-inseparable-link-between-climate-change-and-racial-justice">https://www.npr.org/2020/06/16/878941532/the-inseparable-link-between-climate-change-and-racial-justice</a><br>
- - -<br>
Read Ayana's full op-ed here:
<a class="moz-txt-link-freetext" href="https://www.washingtonpost.com/outlook/2020/06/03/im-black-climate-scientist-racism-derails-our-efforts-save-planet/">https://www.washingtonpost.com/outlook/2020/06/03/im-black-climate-scientist-racism-derails-our-efforts-save-planet/</a><br>
By Ayana Elizabeth Johnson <br>
<b>I'm A Black Climate Expert. Racism Derails Our Efforts To Save
The Planet</b><br>
2 clips:
<blockquote>Here is an incomplete list of things I left unfinished
last week because America's boiling racism and militarization are
deadly for black people: a policy memo to members of Congress on
accelerating offshore wind energy development in U.S. waters; the
introduction to my book on climate solutions; a presentation for a
powerful corporation on how technology can advance ocean-climate
solutions; a grant proposal to fund a network of women climate
leaders; a fact check of a big-budget film script about
ocean-climate themes, planting vegetables with my mother in our
climate victory garden.<br>
<br>
Toni Morrison said it best, in a 1975 speech: "The very serious
function of racism … is distraction. It keeps you from doing your
work. It keeps you explaining, over and over again, your reason
for being." As a marine biologist and policy nerd, building
community around climate solutions is my life's work. But I'm also
a black person in the United States of America. I work on one
existential crisis, but these days I can't concentrate because of
another...<br>
- -<br>
People of color disproportionately bear climate impacts, from
storms to heat waves to pollution. Fossil-fueled power plants and
refineries are disproportionately located in black neighborhoods,
leading to poor air quality and putting people at higher risk for
coronavirus. Such issues are finally being covered in the news
media more fully.<br>
<br>
But this other intersection of race and climate doesn't get talked
about nearly enough: Black Americans who are already committed to
working on climate solutions still have to live in America,
brutalized by institutions of the state, constantly pummeled with
images, words and actions showing just us how many of our fellow
citizens do not, in fact, believe that black lives matter. Climate
work is hard and heartbreaking as it is. Many people don't feel
the urgency, or balk at the initial cost of transitioning our
energy infrastructure, without considering the cost of inaction.
Many fail to grasp how dependent humanity is on intact ecosystems.
When you throw racism and bigotry in the mix, it becomes something
near impossible.<br>
<br>
Look, I would love to ignore racism and focus all my attention on
climate. But I can't. Because I am human. And I'm black. And
ignoring racism won't make it go away.<br>
<br>
So, to white people who care about maintaining a habitable planet,
I need you to become actively anti-racist. I need you to
understand that our racial inequality crisis is intertwined with
our climate crisis. If we don't work on both, we will succeed at
neither. I need you to step up. Please. Because I am exhausted.<br>
</blockquote>
<a class="moz-txt-link-freetext" href="https://www.washingtonpost.com/outlook/2020/06/03/im-black-climate-scientist-racism-derails-our-efforts-save-planet/">https://www.washingtonpost.com/outlook/2020/06/03/im-black-climate-scientist-racism-derails-our-efforts-save-planet/</a><br>
<p><br>
</p>
[Arizona fires]<br>
<b>Bush Fire now one of the largest wildfires in AZ history, burning
over 150,000 acres</b><br>
<a class="moz-txt-link-freetext" href="https://www.azfamily.com/news/arizona_wildfires/bush-fire-now-one-of-the-largest-wildfires-in-az-history-burning-over-150-000/article_3cad6c70-adcc-11ea-9156-af41dda3668e.html">https://www.azfamily.com/news/arizona_wildfires/bush-fire-now-one-of-the-largest-wildfires-in-az-history-burning-over-150-000/article_3cad6c70-adcc-11ea-9156-af41dda3668e.html</a><br>
<p><br>
</p>
<p><br>
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[chilling job]<br>
<b>Coastal Job: Sea Ice Analyst and Forecaster</b><br>
Arctic sea ice changes rapidly, and Nick Hughes is a master at
predicting its next move. His daily ice forecasts help keep
seafarers out of trouble.<br>
<a class="moz-txt-link-freetext" href="https://www.hakaimagazine.com/article-short/coastal-job-sea-ice-analyst-and-forecaster/">https://www.hakaimagazine.com/article-short/coastal-job-sea-ice-analyst-and-forecaster/</a><br>
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</p>
<p><br>
</p>
[lessons not learned will be repeated]<br>
<b>CLIMATE CHANGE IS KILLING AMERICANS. HEALTH DEPARTMENTS AREN'T
EQUIPPED TO RESPOND</b><br>
A home builder works at sunrise on a summer day in 2016, in Gilbert,
Ariz., in an effort to beat the rising temperatures. (AP Photo/Matt
York)<br>
<br>
How a decade of neglect and politics undermined the CDC's fight
against climate change<br>
This investigation was conducted by Columbia Journalism
Investigations and the Center for Public Integrity and co-published
in partnership with The Guardian.<br>
<br>
INTRODUCTION<br>
PHOENIX -- Charlie Rhodes lived alone on a tree-sparse street with
sunburned lawns just outside this Arizona city. At 61, the Army
veteran's main connection to the world was Facebook; often, he
posted several times a day. But as a heat wave blanketed the region
in June 2016 -- raising temperatures among the highest ever recorded
-- his posts stopped. Three weeks later, a pile of unopened mail
outside his door prompted a call to police.<br>
<br>
When officers arrived, they were overcome by the odor of rotting
garbage, worsened by the still-searing heat. Inside the home, they
found the air conditioner broken and its thermometer reading 99
degrees. Rhodes lay dead in the bedroom, his body decomposing. The
cause, his autopsy shows: "complications of environmental heat
exposure."...<br>
- - <br>
Health departments can protect people from intensifying heat through
awareness campaigns. They can remind residents to visit secluded
neighbors on hot days. They can work with police and medical
providers to reach out to those in need. <br>
<br>
Arizona's climate team proposed taking these very steps in a 2017
report for municipalities that came too late for Rhodes, a
once-gregarious jokester who cut himself off from family and friends
after the loss of his job and father. Rhodes devised a method to
handle the heat: He covered his windows with aluminum foil and ran
the air conditioner in his bedroom. But as the temperature hit 120
degrees near his home, no one checked on him.<br>
<br>
Matthew Roach, who manages the Arizona health department's climate
program, touted its heat awareness campaign and other nationally
recognized work to combat the dangers of increasingly hotter days.
He acknowledged, though, that funding and staff turnover have
impeded their efforts...<br>
- - <br>
Yearly heat-related deaths have more than doubled in Arizona in the
last decade to 283. Across the country, heat caused at least 10,000
deaths between 1999 and 2016 -- more than hurricanes, tornadoes or
floods in most years.<br>
<br>
Scientists link the warming planet to a rise in dangerous heat in
the United States, as well as the spread of infectious diseases and
other health conditions. Federal research predicts heat stroke and
similar illnesses will claim tens of thousands of American lives
each year by the end of the century. Already, higher temperatures
pose lethal risks: The top five warmest years nationwide have all
occurred since 2006. In the last six decades, the number of annual
heat waves in 50 U.S. cities has, on average, tripled. In contrast
to a viral pandemic, like the one caused by the novel coronavirus,
this is a quiet, insidious threat with no end point...<br>
- -<br>
Federal officials have known for decades that climate change poses a
public health crisis. In 1989, the U.S. Environmental Protection
Agency issued a 100-page report on how global warming could affect
human health. It urged public health agencies to fund research on
extreme heat and provide health departments with "trained
professionals." By 2000, the U.S. released its first recurring
assessment of the changing climate's impacts. Again, it called for
"investments in advancing the public health infrastructure."<br>
<br>
Five years later, Dr. Howard Frumkin, a veteran epidemiologist hired
to run CDC's environmental health center, brought the nation's
leading public health agency into the battle against climate change.
"We knew that the climate was warming," said Frumkin, who viewed the
CDC as "past the point where we needed to be stepping up."<br>
<br>
HOW HEAT KILLS<br>
Extreme heat overwhelms our ability to sweat and regulate body
temperature. This can lead to heat stress, which has wide-ranging
symptoms like cramps, dizziness and fainting. The more severe
condition of heat stroke sets in once our core body temperature tops
103 degrees. That's when sweating stops, and our heart rate and
breathing escalate. Confusion and loss of consciousness may follow.
Ultimately, deadly heat can spur multi-organ failure of our kidneys,
heart and liver.<br>
<br>
Hot temperatures are also linked with secondary conditions, such as
heart, lung and kidney disorders; diabetes; mental health issues;
and pre-term births. Recent studies have connected heat to a rise in
injuries and suicides.<br>
<br>
Children, seniors and people with chronic conditions are most at
risk for heat-related illnesses. Some communities of color and
individuals who are poor or isolated are especially vulnerable. If
you experience heat-stress symptoms, find a cool place to rest,
drink water and let someone know you're not feeling well. If
symptoms worsen, cover your body in cold, wet towels or ice packs.
Ice-water immersion can save lives. And, of course, call 911.<br>
<br>
At the time, there wasn't a model for adapting public health to
something as complex as climate change. The CDC designed programs to
control specific risks, like AIDS or heart disease. The climate
amplifies many threats at once. The agency was also created to
respond after a crisis had happened, but climate change requires
health officials to prepare for future events.<br>
<br>
To devise a proactive approach, Frumkin tapped discretionary funds
and two scientists -- including a medical anthropologist, George
Luber. They worked with national climate data to make large-scale
analyses: showing how the country was warming, for instance, or that
Lyme disease was creeping north as temperature changes made more
places hospitable for ticks carrying it.<br>
<br>
In 2009 -- then the second-hottest year on record -- Frumkin seized
an opportunity to expand the CDC's climate efforts. That February,
he testified before a congressional committee about challenges
brought by global warming. Health departments, he said, require
climate and health training and data to plan for impacts. "CDC has
in place many of the building blocks," he told the committee, but it
needed to assemble them into a serious effort.<br>
<br>
A month later, a Democrat-led Congress gave the CDC $7.5 million for
its climate program, to be renewed yearly with congressional
approval. The new initiative seeded climate and health activities in
10 health departments. Frumkin hoped it would eventually expand to
all 50 states. <br>
<br>
Shortly after Congress funded the program, Dr. Thomas Frieden, then
the newly-appointed CDC director, introduced his "winnable battles"
-- seven health initiatives that his agency prioritized. Climate was
not among them. Most of those programs -- nutrition, food safety --
received an annual $50 million to $700 million by the end of his
eight-year tenure. The climate program, by contrast, never exceeded
$10 million. In 2013, the CDC recommended reducing that budget.<br>
<a class="moz-txt-link-freetext"
href="https://publicintegrity.org/environment/hidden-epidemics/underfunded-unprepared-cdc-fight-against-climate-change-public-health-heat-death/">https://publicintegrity.org/environment/hidden-epidemics/underfunded-unprepared-cdc-fight-against-climate-change-public-health-heat-death/</a><br>
<br>
<p><br>
</p>
<br>
[Chevron EENews Check that email before sending]<br>
<b>Slip-up reveals Chevron ties to architect of climate attack</b><br>
Corbin Hiar, E&E News reporterPublished: Thursday, June 18, 2020<br>
<br>
It was an audacious messaging campaign: White environmentalists are
hurting black communities by pushing radical climate policies that
would strip them of fossil fuel jobs.<br>
<br>
The email to journalists, sent by a public affairs firm at the
height of national protests over systemic racism earlier this month,
accidentally contained the name of a high-profile client.<br>
<br>
It was Chevron Corp.<br>
<br>
The Virginia-based communications firm, named CRC Advisors, urged
journalists to look at how green groups were "claiming solidarity"
with black protesters while "backing policies which would hurt
minority communities."<br>
<br>
"Despite this claimed solidarity, environmental organizations,
composed of predominantly white members, are backing radical
policies like the Green New Deal which would bring particular harm
to minority communities," wrote John Gage of CRC in an email sent to
media outlets including E&E News.<br>
<br>
The story pitch included an offer to connect journalists with black
conservatives who oppose the Green New Deal, a sweeping government
jobs program advanced by progressive lawmakers who champion
environmental justice issues for communities of color.<br>
<br>
The email ended with a revealing tagline.<br>
<br>
"If you would rather not receive future communications from Chevron,
let us know by clicking here."<br>
<br>
Chevron denied involvement in the messaging campaign, but the
email's accidental nod to the oil giant is renewing suspicions among
activists and academics that Chevron's public statements about
climate change fail to match its lobbying activities. While Chevron
has promised to do more to slow rising temperatures, observers view
the email as a shadowy continuation of the fossil fuel industry's
past efforts to undercut legislation aimed at reducing greenhouse
gas emissions.<br>
<br>
"Chevron's fingerprints appear to be on this," said Naomi Oreskes, a
Harvard University history professor and the co-author of "Merchants
of Doubt," a 2010 book about how scientists with ties to Big Oil
worked to obscure the truth about global warming.<br>
<br>
Oreskes described previous instances of oil and gas companies
working with communications firms to advance industry talking
points. But the CRC effort is remarkable, she said, for trying to
leverage national unrest about systemic racism and police violence
to promote an expansion of oil and gas drilling.<br>
<br>
"There's no socially acceptable language to describe how despicable
this is," she said. "It's hard for me to contain my fury."<br>
<br>
Chevron, a longtime CRC client whose shareholders recently called on
the oil major to detail its lobbying on climate change, says it had
nothing to do with the message.<br>
<br>
"Thanks for the opportunity to clarify the situation," Chevron
spokesman Sean Comey said in an email...<br>
more at - <a class="moz-txt-link-freetext" href="https://www.eenews.net/stories/1063407645">https://www.eenews.net/stories/1063407645</a><br>
<p><br>
</p>
<p><br>
</p>
[risk from the OilPrice]<br>
<b>The Most Vulnerable Of The Oil Majors</b><br>
By Alex Kimani - Jun 16, 2020<br>
U.S. oil and gas supermajors have come under plenty of flak during
the ongoing oil price rout, with some blaming them for the oil price
collapse for stubbornly refusing to lower production while others
have accused them of using backhand means to stifle smaller
competitors. Specifically, Pioneer Natural Resource CEO Scott
Sheffield is on record accusing ExxonMobil (NYSE:XOM) of blocking
help from the American government in a bid to kill off smaller shale
companies with weaker balance sheets.<br>
<br>
And now, some pundits are claiming that Exxon itself is facing some
pretty precarious prospects down the line if low energy prices
persist. <br>
<br>
Wood Mackenzie, a global energy, renewables, and mining research and
consultancy group, has reported that Exxon is the least resilient of
all the oil supermajors with the least ability to weather the market
downturn.<br>
<br>
WoodMac says this is the case thanks to Exxon's huge exposure to
low-margin assets that leaves it vulnerable to continued low energy
prices.<br>
<br>
Low-Margin Assets<br>
WoodMac has tested the cash margins of the seven oil giants using
capital expenditure on a unit of production and post-tax cash flow
plus, assuming Brent prices remain in the $30 to $70 range through
2030.<br>
<br>
The firm has concluded that Exxon has the least ability to weather a
prolonged downturn, thanks to its exposure to 60% of the 30
lowest-margin assets owned by the supermajors. These include Kearl
and Cold Lake (oil sands) in Canada that the firm has labeled a
"huge drag" as well as Alaska's Prudhoe Bay (mature onshore oil).<br>
<br>
Interestingly, Exxon's key rival, Chevron Corp. (NYSE:CVX), has
emerged at the top of the pile closely followed by Royal Dutch Shell
(NYSE:RDS.A), thanks to their robust deepwater projects and LNG as
well as less exposure to high-cost assets. Chevron's giant
Australian LNG projects have played a big part in helping it cut
costs.<br>
Related: The End Of The OPEC Deal Could Be The Start Of A New Oil
Price War<br>
<br>
These findings come off as quite surprising, given that quite a
number of analysts had turned bullish on Exxon. <br>
<br>
For instance, before disaster struck, Bank of America Merrill Lynch
had predicted that 2020 could "finally be Exxon Mobil's year". BofA
expected Exxon to become cash flow positive in 2020 and XOM and the
stock to nearly double to $100. "The inflection in Permian
production is well under way while the first oil from Guyana
confirmed for December kick starts what we expect to be 7-8 years of
growth…" they gushed... <br>
- - <br>
Exxon's weakness is mainly relative to its giant peers but is likely
to remain a top sector pick mainly due to its ability to continue
paying that dividend.<br>
<a class="moz-txt-link-freetext"
href="https://oilprice.com/Energy/Energy-General/The-Most-Vulnerable-Of-The-Oil-Majors.html">https://oilprice.com/Energy/Energy-General/The-Most-Vulnerable-Of-The-Oil-Majors.html</a><br>
<br>
<p><br>
</p>
[Digging back into the internet news archive]<br>
<font size="+1"><b>On this day in the history of global warming -
June 20, 1979 </b></font><br>
<p>Solar heaters are installed on the roof of the White House by
President Carter. The panels would be yanked down by President
Reagan in August 1986.<br>
<br>
<a class="moz-txt-link-freetext"
href="http://youtu.be/_88idk1VJGU">http://youtu.be/_88idk1VJGU</a>
<br>
</p>
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