Tagged: oil

Carbon budgets begin to bite: unburnable carbon not an asset, HSBC reports - Hot Topic

Gareth Renowden Feb 05, 2013

The world’s big oil and gas companies could face cuts in market valuation of up to 60% if the world acts to cut carbon emissions, a report by bankers HSBC warned last week. Business Green summarises the report’s findings: A new report from the banking giant finds that 17 per cent of Norwegian company Statoil’s [...] … Read More

Unsafe assumptions guide expansion of drilling in NZ - Hot Topic

Bryan Walker Sep 22, 2012

A Close Up interview on TV One this week looked at the economic desirability of the proposed expansion of drilling exploration in New Zealand weighed against the environmental concerns. I had just finished my post on the feasibility of renewable energy fully powering the world’s economies by 2050 and it interested me that both the […] … Read More

Why Arctic sea ice shouldn’t leave anyone cold - Hot Topic

Gareth Renowden Aug 26, 2012

In this guest post Neven Acropolis, the man behind the excellent Arctic Sea Ice blog, looks at the reasons why we need to pay attention to the rapid loss of sea ice in the Arctic Ocean. Arctic sea ice became a recurrent feature on planet Earth around 47 million years ago. Since the start of [...] … Read More

Roughan’s ready theory - Hot Topic

Gareth Renowden Jul 08, 2012

John Roughan has a theory. The New Zealand Herald‘s columnist and leader writer waxes lyrical this week about the discovery of the Higgs boson bringing excitement back to science — science having been made dull by being “dominated by environmentalism” for too long. Others may wish to make fun of Roughan’s somewhat incoherent take on [...] … Read More

Energy advice ignores the climate crisis - Hot Topic

Bryan Walker May 08, 2012

An extraordinary op-ed headline caught my eye in the NZ Herald this morning. “Oil and gas reserves can be part of low carbon future.” Professor Basil Sharp, director of the University of Auckland Business School’s Energy Centre and Frank Duffield, an Honorary Fellow at the Centre, argue that continuing exploration for oil and gas reserves [...] … Read More

Minister wants all options open - Hot Topic

Bryan Walker Feb 12, 2012

The Minister for Economic Development Steven Joyce had a curious op-ed in the Herald earlier this week. It was aimed at those pesky people who obstruct progress when government tries to remove roadblocks in the way of business development. And that’s when the problems start to arrive. The people who say “we want jobs” but [...] … Read More

The wrong road to take - Hot Topic

Bryan Walker Jan 19, 2012

It’s difficult not to become repetitive when blogging about climate change. The basic science is well-established. The dangers global warming poses to human society are clear and in some places present. The solutions lie with drastically cutting the level of greenhouse gas emissions and adapting to changes already unavoidable.  The mitigation solution in particular continues [...] … Read More

Energy Strategy in Denial of Climate Change Reality - Hot Topic

Bryan Walker Sep 01, 2011

From a climate change perspective the New Zealand Energy Strategy 2011-2016 is hopelessly compromised by its determination to exploit all the oil and gas that can be found, including deep sea methane hydrates. Take a look at this extract, the second paragraph in the strategy document: “Globally, there are two energy challenges: energy security and [...] … Read More