The scoop It's been 161 years since the US drilled oil for the first time. Let's talk about the history and future of oil, and where it fits into our plans for better planet.
- We keep running out of oil and then find more.
- It seems like the world is moving away from oil, but the US is producing more today than ever before.
- Unconventional oil, which is oil that is extracted by non-traditional means, is more problematic given its more likely to use more costly and environmentally disruptive processes.
- If you stream videos, drive a car, or live in a colder climate, you probably use more fossil fuels than you think.
- To move away from oil, we need to either invest heavily in a climate plan at an institutional level (cons: more government market intervention, higher taxes) or create a marketplace where renewables are the more viable option for businesses and consumers.
Final thoughts More investment in renewables will help ‘fuel’ the transition away from oil. In the meantime, let’s get the Republican party to acknowledge climate change.
Dig deeper → 2 min
The scoop In June 2020, the House Select Committee on the Climate Crisis unveiled a 547-page, sweeping climate plan that aims to achieve net-zero greenhouse gas emissions by 2050 and net-negative emissions thereafter.
Why it matters The plan seeks to uplift Americans and support front-line and low-income communities that are disproportionately impacted by climate change. Driven by science and economics, it also centers around environmental justice, with an opening paragraph alluding to the passing of George Floyd.
Bottom line The report is the most ambitious proposal to combat climate change we've seen from Democrats. Energy Innovation, an independent policy modeling company, projects that the plan would achieve a 37% reduction in greenhouse gas emissions by 2030 and net-zero carbon emissions by 2048. If implemented, it would also save 62,000 lives annually by 2050 and $8 trillion in health and climate costs.
Dig deeper → 5 min