Energy and Environment

  1. Energy and Environment

What to know

  • Over 332 active fires are burning over 1.6 million hectares of land in Siberia
  • Parts of the Arctic Circle have been burning since July 2019
  • These wildfires originated from a combination of natural causes including temperatures reaching 30 ℃, wind, and dry thunderstorms
  • The cost-benefit ratio of saving these ecosystems indicates that Siberia should let the wildfires burn until rain comes because most of them are not directly endangering civilization
  • These fires are so humongous their smoke blew across the North Pacific Ocean and the Bering Sea to reach Oregon, Alaska, and Canada

Key Takeaway

  • Wildfires are destroying valuable ecosystems in the Arctic Circle
  • High temperatures melted the permafrost early, releasing the carbon dioxide and other greenhouse gases trapped underneath and contributing to climate change
  • Temperatures in the Arctic Circle reached record highs within the past six months, only exacerbating the fires
  • Human-caused climate change intensified these fires in a variety of ways
  • We must act on climate change before other extreme weather events begin to seriously affect a greater number of humans

Dig deeper → 2 min

  1. Energy and Environment

The scoop The price of crude oil plummeted following the outbreak of the novel COVID-19. As 2020 began, Brent crude oil - the global oil benchmark - cost $64/barrel. By April 21st, 2020, the price had dropped to $17/barrel. What happened? 

Future of Oil

  • The volatility and steep decline in oil prices may lead some producers to shut down operations. Shale oil extraction pioneer Chesapeake Energy recently declared bankruptcy. Many oil giants are delaying expansion projects.
  • Investors are now less inclined to invest in oil & gas --  lower prices = greater risk, less profit. Energy was the worst performing sector in the S&P 500 index for four out of the last six years.

Environmental impact Climate awareness already poses a threat to Big Oil. With this economic crisis, investors might turn to renewable energy. Renewables are more price stable, cheap, and cost-competitive, even during low prices of oil.

Bottom line It’s impossible to predict the future. Big Oil will certainly survive the pandemic, but its century-long domination of energy may soon end. One thing’s for sure -- clean technology has a strong outlook, and can certainly give oil and gas companies a run for their money. Not only from its greenness, but also in its economics.

Dig deeper → 3 min

  1. Animals
  2. Climate Change
  3. Energy and Environment
  4. Planet
  5. Science
  6. Water

The scoop Whales accumulate carbon throughout their lifetime and die with it on the ocean floor. So they save around 33 tons of carbon from the atmosphere each.

Why it matters Today, whales number approximately 1.3 million, and conservation efforts to return them to their 4-5 million pre-whaling population could significantly reduce the greenhouse effect by lowering atmospheric carbon dioxide. However, they are constantly at threat of being hunted.

Big picture Recovering the global whale population to even half its original size is no easy feat, but we must do all in our power to multiply whale species’ populations in all of Earth’s oceans. Regardless of whether a high-tech carbon sequestration tool becomes widely available, harnessing the carbon-capturing power of these beautiful creatures will always positively enhance our atmosphere and marine ecosystems.

Dig deeper --> 3 min read

  1. Energy and Environment

Big picture Did you know that 44 nations could disappear under the sea within your lifetime? Pacific Islanders face a desperate need for climate action.

What to know Back in 2017, I had the privilege to attend as a student observer at the United Nations Framework Convention on Climate Change (UNFCCC) International Conference of the Parties (COP 23) in Bonn, Germany.

The most striking presentation involved a group of representatives of the SIDS (small island developing states). The Pacific Climate Warriors spoke about the urgency of their daily and ever-present struggle against climate change.

A 2008 UN report found that the response of island nations to climate change is largely project-based, ad hoc, and heavily dependent on external resources. Australia and New Zealand have contributed financial support to adaptation efforts.

Bottom line For Pacific Islanders, climate action is more than just a school project, it is an existential threat.

Dig deeper → 4 min

  1. Energy and Environment

What happened On the evening of April 20th 2010, a blowout occurred on the Deepwater Horizon oil rig. High-pressure methane gas had risen into the drilling rig, quickly igniting and exploding.

Visible from 40 miles away, the flames overwhelmed first responders.

Two days later, the platform sank, leaving oil gushing at the seabed...until July, 87 days later. Containment started immediately, stopping the fires and oil burst. Clean up continued and ended...TBA.

Big picture Deepwater is not the first major spill, nor it seems, likely the last, and each disaster results in another human and environmental catastrophe. 

  • Deepwater killed 11 people, injured dozens of others, left vast swaths of ocean fatally contaminated, thousands of miles of beach polluted, killed over one million birds and continues to destroy pristine habitat and wildlife
  • There are 175 offshore rigs in the Gulf of Mexico with the global total growing to 497 by 2017

Why it matters Deepwater displayed the frailties of our petroleum addiction as clear as day. In 2010, the year of the disaster, the planet used about 86 million gallons of Black Gold every day. Now, we use 100 million gallons every day. Black Gold is unsustainable, damaging to the environment, and could be replaced with sustainable alternatives.

We need a global intervention, a massive mobilization focused on powering our planet with the bountiful clean energy nature so gracefully provides. And we must develop an economic model that hastens the long overdue demise of Black Gold. 

Dig deeper → 5 min

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