2008 Tour de France - Stage Twelve

Expectations that we are on the verge of a global transition from fossil fuels to clean energy sources may be mistaken. “Humanity is not entering a period that will be dominated by renewables… investment in unconventional fossil-fuel extraction and distribution is now expected to outpace spending on renewables by a ratio of at least three-to-one in the decades ahead.” [Mother Jones]

And a survey done by the Global Investor Coalition On Climate Change found that investors and asset managers, not just in the US, but worldwide, are unimpressed with national policies to reduce greenhouse gas emissions. “National governments are not doing enough to lay down consistent and long-term policies. The desire and capital to invest in green technology is there, but the clear rules to guide it often are not.” [Think Progress]

The Bicameral Task Force on Climate Change, led by Democratic Representative Henry Waxman (CA) and Senator Sheldon Whitehouse (RI), is concerned about the impact of expanding LNG exports from the US on domestic carbon emissions. “The task force…said LNG exports could make natural gas more expensive at home and push domestic users to use more coal instead. Their report says domestic natural gas production will actually increase, not decrease, greenhouse gas emissions.” [OilPrice.com]