this post was submitted on 03 Nov 2023
75 points (97.5% liked)

Climate - truthful information about climate, related activism and politics.

5237 readers
520 users here now

Discussion of climate, how it is changing, activism around that, the politics, and the energy systems change we need in order to stabilize things.

As a starting point, the burning of fossil fuels, and to a lesser extent deforestation and release of methane are responsible for the warming in recent decades: Graph of temperature as observed with significant warming, and simulated without added greenhouse gases and other anthropogentic changes, which shows no significant warming

How much each change to the atmosphere has warmed the world: IPCC AR6 Figure 2 - Thee bar charts: first chart: how much each gas has warmed the world. About 1C of total warming. Second chart: about 1.5C of total warming from well-mixed greenhouse gases, offset by 0.4C of cooling from aerosols and negligible influence from changes to solar output, volcanoes, and internal variability. Third chart: about 1.25C of warming from CO2, 0.5C from methane, and a bunch more in small quantities from other gases. About 0.5C of cooling with large error bars from SO2.

Recommended actions to cut greenhouse gas emissions in the near future:

Anti-science, inactivism, and unsupported conspiracy theories are not ok here.

founded 1 year ago
MODERATORS
[email protected]
75
In a Warming World, Clean Energy Stocks Fall While Oil Prospers | The market is focused on making money now and isn’t heeding urgent warnings about climate change, our columnist says. (www.nytimes.com)
submitted 1 year ago by [email protected] to c/[email protected]
11 comments fedilink hide all child comments
 

A columnist at Bloomberg has a similar take

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 1 year ago

They do not. The biggest consumer of oil products are in transport and it is car companies who are investing into alternatives there as well as established players in making electric trains. For solar, wind and other forms of clean electricity production it tends to be power plant operators who move to them , rather then oil companies. So that is happening that way. The only one were you see large investment is offshore wind, as oil companies have a good advantage in offshore operations from oil rigs. So a goof bit of knowledge can be transfered. There is investment into hydrogen, but even in that case a lot of it comes from the chemical site of things. However most chemical companies are independent from oil companies.

So big oil just tries to make as much money as they can and pay it out in dividends. The shareholders can invest it into whatever they prefer.