Market News

 January 02, 2019
Bill McKibben Has A New Year's Message About Climate Change

 Bill McKibben has been writing about climate change for 30 years. Along the way, he has been arrested multiple times, spat on, had his life threatened, and been spied on by minions working for fossil fuel companies. Oh, he also founded 350.org, whose stated mission is to keep the concentration of carbon dioxide in the atmosphere below 350 parts per million. The world blew by that benchmark some time ago and is racing toward the 450 ppm level.

He has written almost 30 books on the subject, including The End Of Nature in 1989 and Oil & Honey in 2013. If you want to be fully informed on the topic of climate change, the writings of Bill McKibben are the definitive source.

In a piece for Rolling Stone dated December 1, 2017, McKibben penned these words, "The technology exists to combat climate change --- what will it take to get our leaders to act?" As 2018 draws to a close, it is appropriate to examine his thesis and see what, if anything changed this year. McKibben started his Rolling Stone piece with these words:

"If we don't win very quickly on climate change, then we will never win. That's the core truth about global warming. It's what makes it different from every other problem our political systems have faced.

"I wrote the first book for a general audience about climate change in 1989 -- back when one had to search for examples to help people understand what the 'greenhouse effect' would feel like. We knew it was coming, but not how fast or how hard. And because no one wanted to overestimate -- because scientists by their nature are conservative -- each of the changes we've observed has taken us somewhat by surprise. The surreal keeps becoming the commonplace."

Watching The Arctic Melt

"With global warming, the fundamental equation is precisely what's shifting. And the remarkable changes we've seen so far --- the thawed Arctic that makes the Earth look profoundly different from outer space; the planet's seawater turning 30 percent more acidic --- are just the beginning. 'We're inching ever closer to committing to the melting of the West Antarctic and Greenland ice sheets, which will guarantee 20 feet of sea-level rise,' says Penn State's Michael Mann, one of the planet's foremost climatologists. 'We don't know where the ice-sheet collapse tipping point is, but we are dangerously close.'"

As if to underscore Mann's and McKibben's warnings, on December 5, NASA posted a video on YouTube showing how the Arctic ice sheet has melted from September, 1984 through September, 2016. It's pretty scary stuff.

"Another way of saying this," writes McKibben, "By 2075 the world will be powered by solar panels and windmills --- free energy is a hard business proposition to beat. But on current trajectories, they'll light up a busted planet. The decisions we make in 2075 won't matter; indeed, the decisions we make in 2025 will matter much less than the ones we make in the next few years. The leverage is now."

A Herculean Task

What could have been painless 30 years ago is now a Herculean task, McKibben writes. "To meet the planet's goal of holding temperature increases under two degrees Celsius, we have to cut emissions 4.6 percent annually till they go to zero. If we wait till 2025, we have to cut them seven percent annually. If we wait till 2030 --- well, it's not even worth putting on the chart. I have to sometimes restrain myself from pointing out how easy it would have been if we'd acted back in the late 1980s, when I was first writing about this --- a gradual half a percent a year. A glide path, not a desperate rappel down a deadly cliff."

Predatory Delay

The villains of the piece, as we all know, are the oil and gas companies that have pursued a deliberate policy of promoting uncertainty about climate science. Furturist Alex Steffen calls this tactic "predatory delay, the deliberate slowing of needed change to prolong a profitable but unsustainable status quo that will be paid by other people eventually."

It's not just oil and gas companies doing this. The utility industry has put together a well funded campaign that encourages state legislatures to oppose rooftop solar systems and solar incentives. Industry analyst Nancy LaPlaca says, "Keeping the current business model just another year is always key for utilities that have a monopoly and want to keep that going."

Even the AFL-CIO, which normally has supported progressive policies, has signed on to pipeline projects because they will provide jobs for its members. Human beings are genetically programmed to react to short-term self interest. That as much as anything may seal the planet's fate. The fossil fuel industry is more or less content with the Paris climate accords because they will allow them to continue extracting their reserves and monetizing them over time.

Declaring War On American Citizens

The lengths the pipeline industry will go to in order to stifle resistance to the construction of the conduits that carry oil and gas from production areas to refineries and distribution points is revealed in a series of articles published by The Intercept. Energy Transfer, a company that owns and manages many pipelines, hired TigerSwan --- a private security firm formed by James Reese, a former commander of the elite special operations unit Delta Force --- to shut down the myriad protests surrounding the Dakota Access pipeline and other projects.

One person on its staff was Joel McCullough, who served as a Marine Corps interrogator and counterintelligence specialist. His job was to infiltrate the protesters and report their activities to his superiors at TigerSwan. As The Intercept reports, "McCollough was participating in something akin to a massive experiment in U.S. military-trained operatives applying lessons learned fighting insurgencies abroad to thousands of pipeline opponents engaged in protest against a Fortune 500 energy giant at home."

Bend Over And Kiss Your Free Speech Goodbye

Free speech --- the touchstone that the Supreme Court used to justify its Citizens United decision --- clearly applies only to corporations these days. Citizens are expected to shut up and obey duly constituted authorities. Many states where oil pipelines and fracking are common have passed new legislation recently --- at the urging of Koch Brothers supported pressure groups --- that makes interfering with such operations a felony punishable by up to 40 years in prison.

Land of the free? Think again, fellow citizens. The fiction of "national security" now takes priority over civil liberties as America paddles furiously backwards toward a plantation society where corporations sit atop the social hierarchy and deign to let a few souls rise while the rest are condemned to permanent servitude within a corporatist agenda.

The Mark Jacobson Road Map To Zero Carbon

Have we waited too long to take bold action on climate change? McKibben argues there is still a slim chance that a total collapse of the Earth's ecosphere is still mathematically possible. He points to the pioneering work of Stanford's Mark Jacobson, who has drawn a road map showing what the federal government could still do to get to a zero carbon society.,

If we followed Jacobson's advice, not only could we dramatically slow global warming but we could also "eliminate most of the air pollution that kills 7 million people a year and sickens hundreds of millions more, almost all of them in the poorest places on the planet," McKibben says. He adds that pollution now outweighs tuberculosis, malaria, AIDS, hunger, and war as a killer of people.

McKibben also singles out Billy Parrish, CEO of Mosaic, the biggest solar lender in the country. For $50,000 worth of insulation, solar panels, and energy efficient appliances, Mosaic can make a home run on 100% clean energy. "We can make a zero-down loan where people save money from Day One," says Parrish.

As good as that may sound, Mosaic has only funded improvements to 36,000 homes so far --- a drop in the bucket among America's millions and millions of homes. "To go to scale, government is going to have to lead: loan guarantees for poor people, taking subsidies away from fossil fuels, making sure that when homeowners feed low carbon energy into the grid they get a good price from utilities," McKibben says.

A Green New Deal

What is needed is the Green New Deal Alexandria Ocasio Cortez and her supporters are advocating for, a clean energy moonshot equivalent in scope to the Apollo program. Is such a thing possible? Sure it is. As always, if the people will lead, their leaders will follow --- eventually.

But time is critically short. Danny Kennedy, a longtime solar pioneer who runs California's Clean Energy Fund, tells McKibben, "The state legislature did not pass key legislation on clean energy this year despite a lot of hot air expended on it, and despite the fact that the Dems have a supermajority. I'm told to be patient and 'we'll get it done next year,' but I find it frightening that folks think we have another year to wait." The bald truth is, we don't.

Bill McKibben sums it up this way: "The arc of the physical universe appears to be short, and it bends toward heat. Win soon or suffer the consequences." Oddly enough, he says the awfulness of the Trump maladministration has shocked a lot of people out of their habitual complacency. Trump may be just the emetic America --- and the world --- needs to finally take climate change seriously before it is too late.