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<p><i><font size="+1"><b>October 22, 2020</b></font></i> <br>
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[Mortgages]<br>
<b>Climate change sways homebuying decisions, study finds</b><br>
<a class="moz-txt-link-freetext" href="https://www.bankrate.com/mortgages/climate-change-sways-homebuying-decisions/">https://www.bankrate.com/mortgages/climate-change-sways-homebuying-decisions/</a><br>
- - <br>
[Wharton School study]<br>
<b>Neglected No More: Housing Markets, Mortgage Lending, and Sea
Level Rise</b><br>
In this paper, we explore dynamic changes in the capitalization of
sea level rise (SLR) risk in housing and mortgage markets. Our
results suggest a disconnect in coastal Florida real estate: From
2013-2018, home sales volumes in the most-SLR-exposed communities
declined 16-20% relative to less-SLR-exposed areas, even as their
sale prices grew in lockstep. Between 2018-2020, however, relative
prices in these at-risk markets finally declined by roughly 5% from
their peak. Lender behavior cannot reconcile these patterns, as we
show that both all-cash and mortgage-financed purchases have
similarly contracted, with little evidence of increases in loan
denial or securitization. We propose a demand-side explanation for
our findings where prospective buyers have become more pessimistic
about climate change risk than prospective sellers. The lead-lag
relationship between transaction volumes and prices in SLR-exposed
markets is consistent with dynamics at the peak of prior real estate
bubbles.<br>
<a class="moz-txt-link-freetext" href="https://www.nber.org/papers/w27930">https://www.nber.org/papers/w27930</a><br>
<a class="moz-txt-link-freetext" href="https://www.nber.org/system/files/working_papers/w27930/w27930.pdf">https://www.nber.org/system/files/working_papers/w27930/w27930.pdf</a><br>
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[OilPrice]<br>
<b>The Big Oil Side Hustle: Where 'Renewable' Money Is Really Going</b><br>
Every time an oil and gas major announces a major foray into
renewable energy, the skeptics come out like clockwork and lambast
the sector for merely trying to burnish its green credentials. <br>
<br>
Sometimes the criticism appears undeserved because the Oil Majors
have actually invested billions of dollars into the clean energy
sector over the past decade and have lined up plans to invest
billions more in the 2020s. <br>
<br>
But here's why the criticism sticks anyway: The most ambitious
pledges by Big Oil to pursue net-zero agendas have remained
inconsistent or half-hearted at best.<br>
<br>
Let this sink in: In 2018, Big Oil spent less than 1% of its
combined budget on green energy projects... <br>
<a class="moz-txt-link-freetext" href="https://oilprice.com/Energy/Crude-Oil/The-Big-Oil-Side-Hustle-Where-Renewable-Money-Is-Really-Going.html">https://oilprice.com/Energy/Crude-Oil/The-Big-Oil-Side-Hustle-Where-Renewable-Money-Is-Really-Going.html</a><br>
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[8,000 laborers and engineers deployed for 3 months]<br>
<b>Vietnam opens 450 MW solar plant</b><br>
Ho Chi Minh City-based construction company Trungnam Group said its
army of laborers took just 45 days to perform site clearance for a
project which took shape within 102 days...<br>
more at -
<a class="moz-txt-link-freetext" href="https://www.pv-magazine.com/2020/10/15/vietnam-opens-450-mw-solar-plant/">https://www.pv-magazine.com/2020/10/15/vietnam-opens-450-mw-solar-plant/</a><br>
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[Dave Roberts provides updated overview of the technology and the
promise]<br>
<b>Geothermal energy is poised for a big breakout</b><br>
"An engineering problem that, when solved, solves energy."<br>
Geothermal power is the perpetual also-ran of renewable energy,
chugging along in the background for decades, never quite breaking
out of its little niche, forever causing energy experts to say, "Oh,
yeah, geothermal ... what's up with that?"<br>
<br>
Well, after approximately 15 years of reporting on energy, I finally
took the time to do a deep dive into geothermal and I am here to
report: This is a great time to start paying attention!...<br>
- -<br>
The ARPA-E project AltaRock Energy estimates that "just 0.1% of the
heat content of Earth could supply humanity's total energy needs for
2 million years." There's enough energy in the Earth's crust, just a
few miles down, to power all of human civilization for generations
to come. All we have to do is tap into it.<br>
<br>
Tapping into it, though, turns out to be pretty tricky...<br>
- -<br>
Where hydrothermal resources are readily available, the advantages
of geothermal energy are well-understood. The global geothermal
electricity fleet has an average capacity factor -- time spent
running relative to maximum capacity -- of 74.5 percent, and newer
plants often exceed 90 percent. Geothermal can provide always-on,
baseload power; it is the only renewable resource to do so.<br>
<br>
As of the end of 2019, global installed geothermal electric
capacity, dispersed across 29 countries, reached 15.4 GW, with the
US in the lead...<br>
- -<br>
Recent oil and gas technology innovations are going to turbocharge
geothermal, especially if policymakers can get their act together
and offer some support. There's a steep learning curve ahead and
they're just now accelerating into it, but the next decade is likely
to be more active for geothermal than the past four.<br>
<br>
With an inexhaustible, dispatchable, flexible renewable energy
source so close to breaking through, the vision of a fully renewably
powered world seems less and less utopian, more and more
tantalizingly within reach.<br>
<a class="moz-txt-link-freetext" href="https://www.vox.com/energy-and-environment/2020/10/21/21515461/renewable-energy-geothermal-egs-ags-supercritical">https://www.vox.com/energy-and-environment/2020/10/21/21515461/renewable-energy-geothermal-egs-ags-supercritical</a><br>
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[Weddell Sea is in the Antarctic]<br>
<b>Depths of the Weddell Sea are warming five times faster than
elsewhere</b><br>
Source: Alfred Wegener Institute, Helmholtz Centre for Polar and
Marine Research<br>
Summary: Over the past three decades, the depths of the Antarctic
Weddell Sea have warmed five times faster than the rest of the ocean
at depths exceeding 2,000 meters.<br>
- -<br>
In the article, they analyse an unprecedented oceanographic time
series from the Weddell Sea and show that the warming of the polar
depths is chiefly due to changed winds and currents above and in the
Southern Ocean. In addition, the experts warn that the warming of
the Weddell Sea could permanently weaken the overturning of
tremendous water masses that takes place there -- with far-reaching
consequences for global ocean circulation. Their study was just
released on the online portal of the Journal of Climate.<br>
<br>
Over the past several decades, the world's oceans have absorbed more
than 90 percent of the heat trapped in the atmosphere by
greenhouse-gas emissions, effectively slowing the rise in air
temperatures around the globe. In this regard, the Southern Ocean is
pivotal. Though it only accounts for 15 percent of the world's
oceans in terms of area, because of the overturning that takes place
there, it absorbs roughly three-fourths of the heat...<br>
- -<br>
Once the heat reaches the depths of the Weddell Sea, the major
bottom water currents distribute it to all ocean basins. "Our time
series confirms the pivotal role of the Southern Ocean and
especially the Weddell Sea in terms of storing heat in the depths of
the world's oceans," says Volker Strass. If the warming of the
Weddell Sea continues unchecked, he explains, it will have
far-reaching consequences not only for the massive ice shelves on
the southern coast of the Weddell Sea, which extend far out into the
ocean, and as such, for sea-level rise in the long term, but also
for the conveyor belt of ocean circulation as a whole.<br>
<a class="moz-txt-link-freetext" href="https://www.sciencedaily.com/releases/2020/10/201020105530.htm">https://www.sciencedaily.com/releases/2020/10/201020105530.htm</a><br>
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[See changes]<br>
<b>Declines in shellfish species on rocky seashores match
climate-driven changes</b><br>
Two decades of data from a study of Maine's Swan's Island document a
slow and steady dwindling of mussels, barnacles, and snails<br>
Date: October 20, 2020<br>
Source: University of Pennsylvania<br>
Summary:<br>
Mussels, barnacles, and snails are declining in the Gulf of Maine,
according to a new article by biologists. Their 20-year dataset
reveals that the populations' steady dwindling matches up with the
effects of climate change on the region.<br>
- -<br>
Using abundance data from 1997 to 2018, the researchers found that
very young mussels were in the sharpest free fall, declining almost
16% a year, while the other four species were dwindling by 3 to 5%
each year. Over that time period, limpets, periwinkles, and
dogwhelks declined in total number by 50%, contractions the
researchers describe as "sobering."<br>
<br>
To get at the question of why, the researchers looked to data on
ocean temperature and chemistry. They found that the downward
trajectory of mussels and common periwinkles matched up with
increasing summer ocean temperatures collected from a nearby buoy...<br>
<a class="moz-txt-link-freetext" href="https://www.sciencedaily.com/releases/2020/10/201020081737.htm">https://www.sciencedaily.com/releases/2020/10/201020081737.htm</a><br>
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[No beach time for Halloween]<br>
<b>What is vibrio? Deadly flesh-eating bacteria migrates to odd
place in Carolina waters</b><br>
It was a chilling discovery for scientists at the University of
South Carolina. After six months of sampling river water, it became
clear that the nasty germ, known as vibrio, had worked its way into
a place not known to harbor the bacteria.<br>
video report
<a class="moz-txt-link-freetext" href="https://www.thestate.com/news/local/article246473610.html">https://www.thestate.com/news/local/article246473610.html</a><br>
<a class="moz-txt-link-freetext" href="https://www.charlotteobserver.com/living/article246321470.html">https://www.charlotteobserver.com/living/article246321470.html</a><br>
- -<br>
[source study from 2018]<br>
<b>Impact of Climate Change on Vibrio vulnificus Abundance and
Exposure Risk</b><br>
Abstract<br>
<blockquote>Vibrio species are marine bacteria that occur in
estuaries worldwide; many are virulent human pathogens with high
levels of antibiotic resistance. The average annual incidence of
all Vibrio infections has increased by 41% between 1996 and 2005.
V. vulnificus (Vv), a species associated with shellfish and
occurring in the US Southeast, has ranges of temperature (16–33 C)
and salinity (5–20 ppt) dependencies for optimal growth. Increased
water temperatures caused by atmospheric warming and increased
salinity gradients caused by sea level rise raise concerns for the
effect of climate change on the geographic range of Vv and the
potential for increased exposure risk. This research combined
monthly field sampling, laboratory analysis, and modeling to
identify the current occurrence of Vv in the Winyah Bay estuary
(South Carolina, USA) and assess the possible effects of climate
change on future geographic range and exposure risk in the
estuary. Vv concentrations ranged from 0 to 58 colony forming
units (CFU)/mL, salinities ranged from 0 to 28 ppt, and
temperature from 18 to 31 C. A significant empirical relationship
was found between Vv concentration and salinity and temperature
that fit well with published optimal ranges for growth for these
environmental parameters. These results, when coupled with an
existing model of future specific conductance, indicated that sea
level rise has a greater impact on exposure risk than temperature
increases in the estuary. Risk increased by as much as four times
compared to current conditions with the largest temporally
widespread increase at the most upriver site where currently there
is minimal risk.<br>
</blockquote>
<a class="moz-txt-link-freetext" href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6602088/">https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6602088/</a><br>
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[Letter to the Chicago Sun Times]<br>
<b>Climate change answer disqualifies Barrett for Supreme Court</b><br>
She replied it is a "very contentious matter of public debate," but
settled science is clear so she is either grossly uniformed or she
lied.<br>
By Letters to the Editor Oct 19, 2020<br>
Amy Coney Barrett has forfeited her right to be on the U.S. Supreme
Court due to her convoluted answer to the simple question about
climate change.<br>
<br>
The confirmation process is a sham in many ways. Because the outcome
is a forgone conclusion, it has ceased to be a deliberative process
on judicial philosophy. The senators make each question a political
speech and the candidate finds clever ways to say nothing - as an
homage to her mentor, Donald Trump.<br>
<br>
When asked a clear "yes or no" scientific question about climate
change, she should have jumped at the chance to give a clear answer
-- but she did not. She replied that it is a "very contentious
matter of public debate." Settled science is clear and visible proof
abounds -- so she is either grossly uniformed or she lied.<br>
<br>
Does she think that antibiotics cure infections, or is that a matter
of "public debate" as well?<br>
<br>
Some Republicans deny climate science because their backers are in
the fossil fuel industry; Trump makes light of Covid 19 because it
hurts his re-election chances, but that doesn't change the facts. A
basic requirement for a candidate to the U. S. Supreme Court would
be the intelligence and reasoning power to base decisions on
verifiable facts. According to her testimony, Ms. Barrett is not
such a person; she is a political hack who does not qualify to be on
the highest court.<br>
Carol Kraines, Deerfield<br>
<a class="moz-txt-link-freetext" href="https://chicago.suntimes.com/2020/10/19/21523180/amy-coney-barrett-climate-change-answer-supreme-court">https://chicago.suntimes.com/2020/10/19/21523180/amy-coney-barrett-climate-change-answer-supreme-court</a><br>
<p>- -</p>
[DeSmogBlog]<br>
<b>Amy Coney Barrett's Remarks on Climate Change Raise Alarm That a
Climate Denier Is About to Join the Supreme Court</b><br>
Dana Drugmand | October 14, 2020<br>
. . .<br>
The Federalist Society notably has ties to climate deniers and
polluting interests like Koch Industries and ExxonMobil. As DeSmog's
database profile on the Federalist Society notes, "the Society has
consistently published articles and hosted debates that frame
investigations into ExxonMobil and think tanks that question the
existence of man-made climate change as attacks on free speech. The
group has also regularly hosted talks by individuals who oppose the
mainstream consensus on manmade climate change including Willie
Soon, Oren Cass, Steven Hayward, and others."<br>
<br>
Koch Foundations and Koch Industries have spent millions of dollars
on the Federalist Society, and ExxonMobil has contributed at least
$235,000. The Society is also part of a larger web of influence,
fueled by dark money from undisclosed donors, that aims to "capture"
the federal courts to serve the interests of Republican donors and
corporate interests, according to the Senate Democrats' "Captured
Courts" report from May...<br>
<a class="moz-txt-link-freetext" href="https://www.desmogblog.com/2020/10/14/amy-coney-barrett-not-scientist-climate-denier-supreme-court-federalist-society#disqus_thread">https://www.desmogblog.com/2020/10/14/amy-coney-barrett-not-scientist-climate-denier-supreme-court-federalist-society#disqus_thread</a><br>
<p>- -</p>
[The Nation magazine]<br>
<b>What Amy Coney Barrett Means For the Climate</b><br>
Imagine any serious adult saying they don't know whether gravity is
real.<br>
<a class="moz-txt-link-freetext" href="https://www.thenation.com/article/environment/supreme-court-climate-barrett/">https://www.thenation.com/article/environment/supreme-court-climate-barrett/</a><br>
<p><br>
</p>
[an important book review from a 2019 title]<br>
<b>Anointed with Oil: How Christianity and Crude Made Modern America</b><br>
... <br>
Perhaps the greatest stronghold of "wildcat Christianity" was East
Texas, where oil was discovered just as the Great Depression took
hold. The oil boom that followed--the largest in American
history--at once inspired and helped promote what Dochuk describes
as "end-times urgency." The denizens of East Texas believed they
were blessed with oil, charged with using it to build God's kingdom
on earth, and pressed to do so quickly before the gifts that had
been extended to them disappeared. Independent oil producers
operated a majority of wells in the region throughout the 1930s.
Church lots were littered with oil derricks as ambitious oilmen
sought to drill wherever they could, while enterprising ministers
dreamed of striking it rich; Dochuk describes a congregation
gathering to pray over a new well. The "rush to obtain oil," he
writes, "always worked according to earth's (and God's) unknowable
clock, with depletion (and Armageddon) an inevitability lingering on
the horizon." Their faith was undimmed even after the 1937 New
London disaster, in which a gas explosion at a public school newly
built for the children of oil workers killed about 300 students. As
one religious leader put it in the aftermath, "These dear oil field
people can set the world an example for consecration, and they
will." The intense melding of political and religious ideas with
economic interest helped to make Texas one of the hotbeds of
opposition to Roosevelt and to New Deal liberalism in the years that
followed the second World War.<br>
At the same time, some U.S. oil executives continued to preach more
militant strands of Christian faith. One manager stationed at the
Rockefeller oil field in Saudi Arabia wrote that whenever his Muslim
workforce paused for prayer, he did too: "Each day when the Arabs
take time to pray, I take time to read a verse or two from the
Bible." There was a Christian "underground" at the company that was
expressly forbidden to proselytize among Muslims. Texas oilmen
helped to build the Christian right and to support fundamentalist
colleges in the postwar years. The manufacturer R. G. LeTourneau,
who built heavy machinery used by oil refiners, funded evangelical
ministers, including Billy Graham and Charles Fuller, while also
championing the cause of free enterprise inside the National
Association of Manufacturers. LeTourneau used the factory as a space
to proselytize as well, holding lectures and chaplain services to
teach workers how technology and faith could rhyme--how grades of
steel, for example, mirrored Christian development. LeTourneau went
on to acquire land in Liberia and Peru that he would use to found
Christian communities organized around industrial development.
"Machinery in the hands of Christ-loving, twice-born men can help
[Peruvians] listen to the story of Jesus and His love," he said.<br>
Still, by the early twenty-first century, the old certitudes were
running out. Oil independents with their strong ties to evangelical
Christianity believed that their fortunes were rising with Ronald
Reagan's election to the White House--but a glut in world oil
markets that led to falling prices in the 1980s put many out of
business, never to recover. Meanwhile, the oil giants no longer
seemed able to promise stable, peaceful economic development to the
rest of the world. The fragmentation of the Rockefeller dynasty was
the most dramatic example. "Most of the fourth Rockefeller
generation have spent long years with psychiatrists in their efforts
to grapple with the money and the family, the taint and the
promise," pronounced one 1976 expose'. By the end of the twentieth
century, Steven Rockefeller, a professor of religion at Middlebury
College, had started to steer his family foundation toward positions
that would have horrified his great-great-great
grandfather--especially advocacy for environmental conservation...<br>
- - <br>
For all its ambition, complexity and rich detail, Anointed with Oil
leaves the reader with many questions about oil and American
politics, and also the relationship between material conditions and
religious faith. One problem has to do with the motives of the
oilmen. Dochuk portrays them as people for whom religious conviction
and self-interest were inextricably bound together. There is a real
strength here: it helps us to see the pursuit of oil as closely
connected to the larger cultural inheritance of the country. But at
the same time, there seem to have been few episodes when their
Christianity was put to the test--when they had to decide between
acting in accord with faith and making the most money possible.
Given this, one wonders about the extent to which their religiosity
was cozily self-serving, justifying their ruthlessness. The
imperative of acquisition shaped Christianity, as much as the other
way around. Today, no doubt, this attitude helps keep carbon
burning, despite the consequences...<br>
- -<br>
Certainly the ideological similarities that link the present to the
past are important. But in some ways, the extreme importance of oil
in American society is profoundly new. A grossly disproportionate
amount of the oil ever consumed since the rise of the modern
petroleum industry in the 1860s has been burned in the past thirty
years. For transport, food, clothing, and the whole world of
consumption that powers our economic order, today we are dependent
on oil in ways that are historically unprecedented. The terrible
consequences of this are growing clearer year by year. Understanding
the world created by the true believers Dochuk chronicles requires
exploring not only what they thought they were doing, but also what
they actually wrought.<br>
<br>
When the oil independents of East Texas spoke of the apocalypse,
they did not have in mind the literal burning of the earth. The
evangelical commitment to oil has let loose a set of transformations
that its most devout did not anticipate. Anointed with Oil helps to
clarify the twin passions for wealth and Jesus that have brought us
to our current dependence on fossil fuels. But it also makes clear
that to get beyond, we will need to stop treating oil as a sacred
liquid--to turn away from the melodrama of religious faith, and to
see our reliance on it with clear-eyed realism as a matter of social
and political choices. The comments of one East Texan in the wake of
the New London school tragedy come to mind: "When you strike oil,
you let loose Hades."<br>
<a class="moz-txt-link-freetext" href="http://bostonreview.net/philosophy-religion/kim-phillips-fein-gospel-oil">http://bostonreview.net/philosophy-religion/kim-phillips-fein-gospel-oil</a><br>
- -<br>
[buy the book $11.98 - remaindered]<br>
<b>Anointed with Oil: How Christianity and Crude Made Modern America</b><br>
A groundbreaking new history of the United States, showing how
Christian faith and the pursuit of petroleum fueled America's rise
to global power and shaped today's political clashes<br>
<br>
Anointed with Oil places religion and oil at the center of American
history. As prize-winning historian Darren Dochuk reveals, from the
earliest discovery of oil in America during the Civil War, citizens
saw oil as the nation's special blessing and its peculiar burden,
the source of its prophetic mission in the world. Over the century
that followed and down to the present day, the oil industry's
leaders and its ordinary workers together fundamentally transformed
American religion, business, and politics - boosting America's
ascent as the preeminent global power, giving shape to modern
evangelical Christianity, fueling the rise of the Republican Right,
and setting the terms for today's political and environmental
debates.<br>
<br>
Ranging from the Civil War to the present, from West Texas to Saudi
Arabia to the Alberta Tar Sands, and from oil-patch boomtowns to the
White House, this is a sweeping, magisterial book that transforms
how we understand our nation's history.<br>
<a class="moz-txt-link-freetext" href="https://bookoutlet.com/Store/Details/9780465060863B">https://bookoutlet.com/Store/Details/9780465060863B</a><br>
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</p>
<p><br>
</p>
[A little musical entertainment- video]<br>
<b>"What's Wrong With Listening to Scientists?"</b><br>
Lauren Mayer Comedy Songs<br>
Even kids know that it was silly of Trump to criticize Biden for
'listening to the scientists' . . . maybe they'll have to explain it
to the GOP!<br>
<a class="moz-txt-link-freetext" href="https://www.youtube.com/watch?v=dFS5-fiSTEc">https://www.youtube.com/watch?v=dFS5-fiSTEc</a>
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</p>
<p><br>
</p>
[Aspirations of super luxury and power from GMC]<br>
<b>The Hummer EV Is the Last Thing We Need</b><br>
<a class="moz-txt-link-freetext" href="https://earther.gizmodo.com/the-hummer-ev-is-the-last-thing-we-need-1845437668">https://earther.gizmodo.com/the-hummer-ev-is-the-last-thing-we-need-1845437668</a><br>
<p><br>
</p>
<p><br>
</p>
[Digging back into the internet news archive]<br>
<font size="+1"><b>On this day in the history of global warming -
October 22, 1976 </b></font><br>
<p>In the third and final presidential debate, President Ford and
Democratic challenger Jimmy Carter discuss the importance of
environmental protection. Carter reiterates his previously
expressed support for "cleaner" coal.<br>
<br>
<a class="moz-txt-link-freetext" href="http://www.youtube.com/watch?v=CipT04S0bVE">http://www.youtube.com/watch?v=CipT04S0bVE</a> - (33:20--39:19) </p>
/-----------------------------------------------------------------------------------/<br>
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