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A chronology in pictures and charts
of selected developments
in climate, energy, tech
and the future of civilisation
2018 Q4
7th Jan
2016
1st Oct
2018
China’s economy is decelerating, prompting Beijing to
pare back environmental policies to boost GDP.
Beijing axes coal and steel production curbs as
Trump’s trade war impacts economy
7th Jan
2016
2nd Oct
2018
PM Lars Lokke Rasmussen says it “will be hard to achieve. But that’s
exactly why we need to try.” National goal is to be fossil-free by 2050.
Denmark to set tightest national ban on new
petrol and diesel cars: from 2030
7th Jan
2016
2nd Oct
2018
“We don’t discuss the question anymore of, Is
there climate change”: Munich Re
1st in WSJ “Price of Climate” series: “Changing risk probabilities may
make some areas uninsurable altogether, or at least so risky the cost
would be prohibitively expensive for insurance buyers, executives say.”
7th Jan
2016
2nd Oct
2018
So the Climate Bonds Initiative reports in its annual state of market
report. USA, China & France are top 3 for labelled green bond issuance.
$1.45 trillion of labelled green bonds and climate-
aligned bonds leaves “headroom for huge growth”
7th Jan
2016
3rd Oct
2018
Median government debt-GDP ratio stands at 52%, up from 36% before
the 2008 crisis. Rising inequality and hoarding make a crash more likely.
With world debt well above 2008 levels, world
economy is at risk of another financial crash: IMF
7th Jan
2016
7th Oct
2018
Landmark UN scientists’ report confirms ruinous
contrast between 1.5˚C & 2˚C global warming
IPCC concludes that for 1.5˚C limit, emissions must be cut from 2010
levels by 45% by 2030, and to net zero by 2050 (20% and 2075 for 2˚C).
This requires reconfiguring of the human world within a generation.
7th Jan
2016
7th Oct
2018
The IPCC 1.5˚C emissions trajectory entails systems
transitions that are “unprecedented in scale….”
“In 1.5°C pathways with no or limited overshoot, renewables are
projected to supply 70–85% of electricity in 2050 (high confidence).”
Net global CO2 emission pathway
1980 20202000 2040 2060 2080 2100
BilliontonnesofCO2peryear
“…but not necessarily
in terms of speed, and
imply deep emissions
reductions in all
sectors, a wide
portfolio of mitigation
options and a
significant upscaling of
investments in those
options.”
42
Budget: 580 GtC02
for a 50% chance
of limiting global
mean surface air
temperature
to 1.5˚C
7th Jan
2016
9th Oct
2018
“Big Oil Could Reap Windfall on Fossil Fuel Limits,
Goldman Says”
The 7 biggest oil companies could cut carbon emissions 20% by 2030,
even as returns on the biggest oil and gas projects rise by c.5%, the bank
tells clients. But a “Big Oil to Big Energy” pivot is also essential.
7th Jan
2016
9th Oct
2018
CEO says Shell will not “go soft” on oil & gas and
mass reforestation needed for 1.5˚C target
Van Buerden insists gas has a key role to play in a 1.5˚C world.
“You can have an endless discussion about semantics. Is it a
transition role, a destination role? In the end it is a bit of both.”
7th Jan
2016
9th Oct
2018
Dutch appeals court upholds landmark climate
change ruling: government must accelerate cuts
Court backs citizens case that the crisis demands cuts of at least 25% by
2020 from 1990 levels, not the 17% cut the government targets.
7th Jan
2016
9th Oct
2018
Solarcentury sells 80% stake in 300 MW Spanish
subsidy-free solar farm, one of Europe’s largest
Frans van den Heuvel: “Talayuela is concrete evidence of Solarcentury’s
transition to a fully integrated platform that develops, builds and
operates solar and storage assets.”
Solarcentury solar farm, Panama
7th Jan
2016
10th Oct
2018
Huge reduction in meat-eating “essential” if the
world is to avoid climate breakdown
So concludes the most comprehensive survey of the food system yet:
90% less beef consumption in western world, 5x more beans & pulses.
7th Jan
2016
11th Oct
2018
Carbon Tracker satellite analysis shows 40% of
Chinese coal fleet is cash-flow negative in 2018…
…owing to high fuel costs (capacity weighted average of $85/t), and 95%
cash-flow negative by 2040, due to C pricing & air pollution regulation.
Solarcentury solar farm, Panama
7th Jan
2016
11th Oct
2018
It will be cheaper for China to build new onshore
wind than operate coal by 2021, & solar PV by 2025
So Carbon Tracker concludes in its latest report. Chinese coal power
owners can avoid losing $390 bn by retiring the operating fleet in a
manner consistent with the Paris Agreement.
Solarcentury solar farm, Panama
7th Jan
2016
11th Oct
2018
Coal has risen from ashes of 2013, as price has
risen, to be top earning Australian export
And the government says that acting on the IPCC report would be
“irresponsible.” Glencore and BHP Billiton are among those cashing in.
Solarcentury solar farm, Panama
7th Jan
2016
11th Oct
2018
Hurricane Michael: Category 4 storm hits Florida for
the 1st time ever, flattening whole neighbourhoods
This time wind is the problem: up to 155 mph, 5 mph < Category 5.
Governor Rick Scott, climate denier: “unimaginable devastation.”
Solarcentury solar farm, Panama
7th Jan
2016
11th Oct
2018
“Dirty capital: London’s financial flows
are polluted by laundered money”
The National Crime Agency says international money rinsed through
British banks each year is “many hundreds of billions of pounds”.
7th Jan
2016
12th Oct
2018
Saudi government hit squad murdered dissident
Jamal Khashoggi in Turkey, strong evidence suggests
There is a trend of increasing state-induced abduction and murder.
“Why do more and more governments think they can get away with
murder”, Simon Tysdall asks. Lack of respect for international law.
7th Jan
2016
13th Oct
2018
Businesses and organisations withdraw en masse
from Saudi showcase summit, citing Khashoggi case
They include NYT, FT, CNN, CNBC, Bloomberg, World Bank, Virgin, &
even Uber – despite having Saudi sovereign wealth fund as an investor.
7th Jan
2016
13th Oct
2018
Google to shut down Google+ after failing to
disclose massive user data leak
This was on the scale of the one that landed Zuckerberg in Congress.
According to a memo leaked to the WSJ, the reason for the cover up was
the risk of the CEO having to testify, & “immediate regulatory interest.”
A “facebook killer” killed off
7th Jan
2016
14th Oct
2018
Senior Tory MP protests lack of police investigation
into breakages of law by 3 pro-Brexit campaigns
Damian Collins: “What is our law worth if the police won’t act?” Plus
“absurd” that the UK has no enquiry into Russian interference in the
referendum like Mueller’s on the their interference in the US election.
7th Jan
2016
15th Oct
2018
Fracking allowed once again in UK after 7 year
abeyance following failure of last minute injunction
Energy Minister
Claire Perry:
Those who
oppose fracking
are peddling “wild
myths”
7th Jan
2016
15th Oct
2018
Banks will not be forced to reveal climate change
risks they face, Bank of England decides
New Economics Foundation: “We need to do much more than simply
tinker around the edges with incremental adjustments. …We will need
radical disruptive reforms that help reshape finance.”
7th Jan
2016
15th Oct
2018
EU plans to offer billions in co-funding to companies
willing to build electric battery plants in Europe
c. 80% of the world’s existing and planned battery production capacity is
in Asia, 69% in China alone. The US is at 15% and the EU at under 4%.
7th Jan
2016
15th Oct
2018
Jeff Bezos: “It doesn’t make any sense to me” for
tech companies to eschew work with the Pentagon
“I like this country. I know everybody is very conflicted about the current
politics and so on,” he tells Wired, but “this country is a gem.”
7th Jan
2016
16th Oct
2018
BBC Radio airs an unprecedented critique of the UK
government’s undermining of most renewables
File on 4 uses a wide range of interviewees across the full span of
renewables industries devastated by preference for nuclear & shale gas.
Fuelling the Future? Does Britain’s
green energy strategy stack up?
7th Jan
2016
16th Oct
2018
Scottish Power (Iberdrola) shifts to 100% wind
generation after £700m sale of gas plants to Drax
The company will also develop a “sizeable” solar portfolio, aiming to
complement wind output. Reasons given by CEO: economics ….& IPCC.
7th Jan
2016
16th Oct
2018
US-China tensions soar: we are in a “new cold war”
as China goes on offense in face of Trump bellicosity
Including dangerous manoeuvres by Chinese and US warships in South
China Sea, and a major return by China to cyberwar.
Fuelling the Future? Does Britain’s
green energy strategy stack up?
Confrontation between the USS Decatur and
a Chinese navy warship, Sept 2018
7th Jan
2016
17th Oct
2018
Bank of England raises alarm over global surge in
high-risk lending to already heavily-indebted firms
The global leveraged loan market (to firms with debts >4x earnings) is
larger than – and growing as quickly as – the US sub-prime mortgage
market in 2006. US alone >doubled since 2010 to >$1 trillion.
7th Jan
2016
17th Oct
2018
UK fracking protesters walk free after court quashes
their “manifestly excessive” 16 month sentences
Original trial judge’s father and sister run a company supplying Centrica,
a major investor in fracking.
7th Jan
2016
17th Oct
2018
God, Man, Tech and Climate: Hans Joachim
Schellnhuber paints a picture for the Club of Rome
Man will create cyborgs of unimaginable power by marrying quantum
computers with AI. The machines will be able to survive in a world that
fails to go zero carbon. Even if Man can survive, they won’t need him….
7th Jan
2016
18th Oct
2018
Swedish oil bosses to be charged with aggravated
crimes against humanity for ops in South Sudan
Prosecutors allege that during oil exploration in the 1990s Lundin
Petroleum caused the deaths of thousands and the enforced migration
of almost 200,000, plus much rape, torture and murder.
Lundin Petroleum CEO Alex Schneiter,
(left) and chairman Ian Lundin
7th Jan
2016
Oct
2018
Boston Dynamics films a video of its SpotMini
robot, dancing (well) ….and due on sale in 2019
Now imagine it with poison fangs and facial recognition software. Then
imagine thousands roaming the streets seeking (deemed) miscreants.
7th Jan
2016
18th Oct
2018
Shell bets on US shale for “balance” while it waits
for deepwater production to come onstream
$2bn and $3bn p.a. to be allocated to shale, c. 10 % of the company’s
annual capex until 2020, by when it expects doubled production.
7th Jan
2016
19th Oct
2018
Schlumberger chief warns US shale oil production
will drop as observed well-decline rates rise.
What he doesn't address is how his clients are going to service their
mountainous debts if they can't hold production up.
7th Jan
2016
18th Oct
2018
Dramatic slowdown in internet access, and yet
more than half the world is not online
15 countries have <10% have access, 50 <30%. Facebook’s “Free Basics”
programme has added 100m. Many use Facebook but not the internet.
7th Jan
2016
19th Oct
2018
Saudi Twitter army launches blizzard defence of
beleaguered leader after Khashoggi disappearance
Researchers track a web of loyalist accounts - real people and bots.
1.1 m uses of Arabic hashtag “We all trust in Mohammed bin Salman”.
IEA’s Efficient World Scenario finds huge cost-
effective global energy-efficiency potential
7th Jan
2016
19th Oct
2018
Scenario calculates effect if if all countries maximised all available
cost-effective efficiency potential between now and 2040.
Transport energy
demand could stay
flat even with a
doubling of activity
We could have 60% more building
space in 2040 for no additional
energy use
Industry could provide nearly twice as
much value per unit of energy in 2040
….”Not bad for an invisible fuel.”
7th Jan
2016
19th Oct
2018
Poll shows British public supports EU regulation to
pay solar generators a fair market rate for export
71% want the UK government to reflect proposed new EU law
protecting prosumers ….69% if Leavers only counted.
7th Jan
2016
24th Oct
2018
Exxon sued by New York State for fraud:
misleading investors about climate-change risk
Accusation after years of investigation: new projects were based on
forecasts for costs associated with climate change that were lower than
those it told investors it was using, lowering costs by billions of dollars.
Barbara Underwood,
NY State Attorney
General
7th Jan
2016
26th Oct
2018
Canada passes a carbon tax, starting at a modest
$20/tonne, but giving most Canadians more money
The Greenhouse Gas Pollution Pricing Act is a revenue-neutral carbon
tax starting in 2019, fulfilling a campaign pledge the PM made in 2015.
7th Jan
2016
26th Oct
2018
World’s billionaires became richest ever, 20% up in
2017, UBS reports: membership up by 179 to 2,158
They grew their combined wealth by $1.4tn to $8.9tn (£6.9tn), more
than the GDP of Spain or Australia. 701 are >70 & the 30 richest of these
have $1 tn. Signatories of Gates’s Giving Pledge (50% in lifetime): c.180.
Barbara Underwood,
NY State Attorney
General
7th Jan
2016
26th Oct
2018
Little more than a week after restart, fracking at
Lancashire site paused after 18th seismic tremor
The Oil & Gas Authority requires fracking to stop if any seismic activity
>0.5 is detected. This one was 0.8. The 2011 tremor was 2.3.
7th Jan
2016
26th Oct
2018
Alphabet’s Waymo becomes first self-driving car
developer to launch commercial services
The company begins charging passengers in the suburbs of Phoenix,
Arizona, where pilots have been running since 2016.
7th Jan
2016
28th Oct
2018
Fracking risks turning the country against Tories,
Tory MP Zac Goldsmith warns
“Fracking is an issue that has the potential to turn whole regions against
the government,” for reasons including “the sheer volume of trucks.”
7th Jan
2016
29th Oct
2018
“Even the World's Biggest Miners Are Switching to
Electric Vehicles”
“Getting mines to be completely diesel free is our end goal” says
Andrew Draffin, of Voltra, a supplier to BHP. Current EV mine fleet <1%.
7th Jan
2016
29th Oct
2018
Wind and solar to strand $60 billion of coal assets
in the next decade across SE Asia: Carbon Tracker
Cost of new solar plants may be less than operating coal projects
by 2027 in Vietnam, 2028 in Indonesia and 2029 in the Philippines.
7th Jan
2016
30th Oct
2018
After yet another tremor requires 18 hour fracking
pause, Cuadrilla wants relaxation of quake rules
At 1.1, this was the strongest of what have now been 27 tremors in 2
weeks. Caudrilla, losing $94k a day when operations pause, wants stop-
rule at 2, not current 0.5. Above 1.5 can be felt at surface.
7th Jan
2016
30th Oct
2018
Humanity has wiped out 60% of animal populations
since 1970, threatening civilization in the process
So finds a WWF report written by 57 scientists, chronicling “a sixth mass
extinction” ….the first to be caused by a species – Homo sapiens. Us.
7th Jan
2016
30th Oct
2018
Californian renewables bill (100% by 2045) means
wipe-out for gas companies, say S&P & Moody's
S&P: “We believe that over the long term, with the growth of renewable
energy, these utilities face a significant threat to their market position,
finances, and credit stability.”
7th Jan
2016
31st Oct
2018
Drones to deliver vaccines to dozens of remote
villages in Vanuatu in world-first trial
Unicef set up the project, professing the technology has “massive”
potential in the Pacific and around the globe. If successful, next is blood.
7th Jan
2016
Nov
2018
The number of nuclear warheads has dropped
significantly …but more countries now have them
Peak year 1986
7th Jan
2016
1st Nov
2018
Seas have soaked up 60% more heat than the IPCC
reported, meaning even deeper carbon cuts needed
Princeton-led scientific team uses measurements since 1991 to calculate
greater heat from the same amount of greenhouse gas, meaning the
Earth is more sensitive to CO2. Conclusion: 20% more cuts to hit 2˚C.
7th Jan
2016
1st Nov
2018
Genuinely subsidy-free UK solar-farm building to
start in 2019, with a 2.5 GW 131 project pipeline
MW per year of installations >250 kW
110-120 MW
300-600 MW
Analyst Finlay Colville dismisses the two projects to-date that have
claimed to be subsidy free as non-legitimate.
7th Jan
2016
1st Nov
2018
Conservative MPs line up to criticise government's
‘downright bonkers’ and ‘ludicrous’ fracking plans
20 ready to rebel, the Independent reports. Lee Rowley, MP for NE
Derbyshire: “fracking will not work in this country.”
7th Jan
2016
1st Nov
2018
Thousands of Google workers stage walk-out
protest over sexual harassment in multiple cities
Sundar Pichai, CEO: “Employees have raised constructive ideas for how
we can improve our policies and our processes going forward.”
7th Jan
2016
1st Nov
2018
Lazard LCOE latest: solar less expensive
than coal and gas at utility scale
PV rooftop resi
PV rooftop C&I
PV community
PV cx utility
PV thin film utility
Coal
Gas combined cycle
Gas peaking
Nuclear
Solar thermal tower
Fuel cell
Geothermal
Wind
Source: Lazard Levelized cost MWh
Offshore
“This doesn’t compare apples
with apples” – ignores behind the
meter cost savings: PV Magazine
7th Jan
2016
1st Nov
2018
Off grid solar lighting sales fell again in 2018 H1
….no sign of the growth needed to hit SDG 7
A billion people remain without electricity. Yet existing light sales mean
c. $3.5bn additional income for households over lifetime of products.
million
4
33
1
2
12%
down
7th Jan
2016
1st Nov
2018
Solar home systems were only 11% of total
2018 H1 solar lighting unit sales, but….
….All 4 types of SHS grew, between 15% & 200% (>100 Wp) due to PAYG.
For all solar lighting, PAYG value ($110m) exceeds cash value ($107m).
GOGLA members data for c. 30% of global market <11Wp …..& c. 60-80% <11Wp
Total
0 - 1.5
Wp
1.5 - 3
Wp
3 - 10
Wp
11 - 20
Wp
21 - 49
Wp
50 - 100
Wp
>100
Wp
26 MW
2.7 m
solar
lanterns
$76 m
value
561 k
multi-light
systems
$40 m value
395 k
solar
home
systems
$102 m
value
20%
Total
Cash
PAYG
7th Jan
2016
1st Nov
2018
Potential clear in impact estimates for all off-grid
solar lighting products sold to date (as of June 2018)
Figures are conservative: based on constantly-updated GOGLA industry
standards, including only quality-verified products.
people with currently living in a
household with improved energy access
due to solar lighting products
people undertaking more economic
activity due to solar lighting access
metric tons of CO2 emissions avoided,
over products’ lifetimes
additional income unlocked over the
products’ lifetimes
savings on energy expenditure by
households switching to solar lanterns or
multi-light systems, over products’ lifetime
extra hours of light created for families
over products’ lifetimes
7th Jan
2016
2nd Nov
2018
Access to electricity is growing rapidly
around the world ….except in Africa
New IEA figures show the number without electricity has fallen
below 1 billion, but in Africa it remains around 600 million:
deployment is not keeping up with population growth.
7th Jan
2016
3rd Nov
2018
“'Records falling everywhere': solar panel demand
goes through the roof”
By end 2018, c. 2 million households will have panels, 17% have
batteries …. “and huge potential remains.”
Source: Australian PV Institute
Reported national PV total at Sept 2018: >10,131 MW
7th Jan
2016
4th Nov
2018
Only 5% of the UK’s biggest corporate pension
funds have a policy on climate-change risk
None of the 43 funds analysed by Pinsent Masons have a target for
investment in low-carbon assets, while all (£479bn in collective assets)
lack a decarbonisation target for their investment portfolio.
7th Jan
2016
5th Nov
2018
Tim Berners-Lee launches a global campaign
to save the web from abuse
The inventor of the internet a new “Contract for the Web” - a ”Magna
Carta” to be published in May 2019 that aims to protect people’s rights
and freedoms. He urges people, organisations and companies to sign up.
7th Jan
2016
7th Nov
2018
UK renewables generation capacity overtakes all
fossil fuels for the first time
Meanwhile investment in renewables drops 46% YoY in Q3 and the UK
drops to 8th in the EY Renewable Energy Country Attractiveness Index.
GW
Fossil fuels
41.2 GW
Renewables
41.9 GW
7th Jan
2016
8th Nov
2018
“New wind and solar generation costs fall below
existing coal plants”
This applies now in “many” parts of the USA, “threatening to wreck
President Donald Trump’s hopes of reviving the mining industry.”
29 56
New estimates by Lazard of $ per megawatt hour, before any subsidies
Onshore
wind
Solar
Coal
Nuclear
27 45
7th Jan
2016
8th Nov
2018 Support for fracking in the UK falls to 15%
So the latest instalment of the BEIS Public Attitudes Tracker finds. Poll
was taken before Caudrilla restarted fracking, triggering many tremors.
7th Jan
2016
8th Nov
2018
FT reporter gathers evidence from locals that
China’s fracking for gas is polluting water supply
Residents of Xiaohaotu in Shaanxi province: “the water is beyond
repair”, containing multiple toxins. Elevated cancer & 70% with skin
rashes. Pigs & sheep dying after drinking water. Sinopec: no comment.
7th Jan
2016
8th Nov
2018
Federal judge blocks Keystone XL pipeline, faulting
Trump's approval of it entering office last year
Judge Brian Morris of the District Court for the District of Montana: e.g.
State Department “simply discarded” climate change concerns.
7th Jan
2016
8th Nov
2018
China's state news agency Xinhua unveils a virtual
AI newsreader: spot the difference
Such presenters can "work" 24 hours a day on its website and social
media channels, Xinhua says, "reducing news production costs".
7th Jan
2016
9th Nov
2018
“China’s drone makers zero in on armed forces”
The Zhuhai Air Show: >350 Chinese private firms now make drones.
Chinese companies have the lion’s share of the international market.
7th Jan
2016
10th Nov
2018
UK funds research into drones that decide who they
kill, Freedom of Information requests reveal
Ministry of Defence and defence contractors are funding dozens of
artificial intelligence programmes for use in conflict.
7th Jan
2016
10th Nov
2018
Northern California wildfire incinerates
most of a town called Paradise, killing many ….TBD
27,000 people escape on a highway through “a wall of fire”. Wildfires
also rage in south. 150,000 evacuated in all, including all of Malibu.
“The Terrifying Science Behind California’s Massive
Camp Fire”
7th Jan
2016
10th Nov
2018
“This is what a climate change reckoning looks like.” “The atmosphere as
it gets warmer is thirstier.” “Climate change is sucking California dry.”
Meteorologist Rob Elvington in a prescient
tweet the day before the fire broke out:
“Worse than no rain is negative rain.
Evaporative Demand Index (EDDI) is
maxing out for some areas for the last 4
weeks.”
7th Jan
2016
11th Nov
2018
First legal challenge against a proposed UK gas
power plant for breaching climate law
Client Earth objects to Drax’s planned 3.6 GW plant, which would bring
consented capacity to 18 GW. HMG estimates 6 GW of demand by 2035.
7th Jan
2016
12th Nov
2018
Harley Davidson unveils its first electric bike –
lynchpin of a major change of strategy and brand
The LiveWire will lead a charge to attract younger people and women to
motorcycling. (The average bike owner is 55 years old).
7th Jan
2016
12th Nov
2018
Candidate for first fully electric commercial plane
2.5 years from production
So designers Eviation say of their 650-mile-range 9 seater Alice, one of
c. 100 different electric-aircraft programs in development worldwide.
7th Jan
2016
13th Nov
2018
Spain targets 100% renewable electricity by 2050
and a 100% decarbonised economy soon after
90% emissions cuts from 1990 levels in Spain’s draft climate change and
energy transition law. At least 3 GW wind solar p.a. in next 10 years.
7th Jan
2016
13th Nov
2018
G20 nations increased subsidies for fossil fuels from
$75bn (£58bn) to $147bn (£114bn) 2007 to 2016
So a Climate Transparency report finds. This despite promising to phase
them out 10 years ago. Of the 20, only India is on track for 2˚C.
Worst are Russia, Saudi Arabia and Turkey.
7th Jan
2016
13th Nov
2018
Carbon budget is all used up - world has no more
capacity for building fossil fuel plants: IEA
“We have no room to build anything that emits CO2 emissions,” Fatih
Birol tells The Guardian. This applies to the 2˚C target, never mind 1.5˚C.
Existing infrastructure would “lock
in” 550 gigatonnes of of carbon
dioxide over the next 22 years.
That leaves only 40 gigatonnes
7th Jan
2016
14th Nov
2018
“Delay, Deny and Deflect”: NYT investigation finds
this is how Facebook’s leadership reacts to crises
50 past & present FB staff & congressional players are interviewed. Mark
Zuckerberg and Sheryl Sandberg (COO) emerge guilty of systemic failings
on Russian election meddling, data sharing, & hate mongering.
7th Jan
2016
14th Nov
2018
In the Permian shale region, activists checking
methane & VOC leakage find very many violations
Sharon Williams of Earthworks with her infra-red gas imaging camera in
Pecos, Texas – profiled in DeSmog Blog.
7th Jan
2016
14th Nov
2018
“The Texas Commission on Environmental Quality
(TCEQ) only monitors emissions in isolated cases….”
“…..usually when we file regulatory complaints and push them to do it”:
Sharon Williams. TCEQ has only 4 air monitors in the whole Permian.
IEA now expect a dramatic oil supply crunch in the
early 2020s, careful reading of WEO 2018 shows
7th Jan
2016
16th Nov
2018
US shale production cannot keep up with the depletion, they say, and
even with post-2000 investment, discovery rates have been dropping….
EHOB =Extra-heavy oil and bitumen; NGLs = Natural gas liquids
NPS = New Policies Scenario SDS = Sustainable Development scenario
Jeff Bezos tells employees “Amazon is not too big to
fail … In fact, I predict one day Amazon will fail.”
7th Jan
2016
16th Nov
2018
“Amazon will go bankrupt. If you look at large companies, their
lifespans tend to be 30-plus years, not a hundred-plus years.”
7th Jan
2016
18th Nov
2018
With 71 bodies found, and >1,000 people still
missing, Trump blames bad forestry management
He tours the Camp Fire site and says he hasn’t changed his mind on
climate change. 5,500 are still battling the blaze.
7th Jan
2016
18th Nov
2018
UK government using DFID money to promote
fracking - & prospects for British frackers - in China
Millions of aid £ spent on overseas O&G incl. 2 schemes to “export the
UK’s expertise in shale gas regulation” to China, Platform reports.
7th Jan
2016
19th Nov
2018
Yet again the IEA makes a bewildering projection
for global solar PV market (non) growth
GW
per year
additions
7th Jan
2016
19th Nov
2018
Free market is not working in protecting privacy,
and regulation of Big Tech is “inevitable”: Tim Cook
This in interview before further scandal this week: Facebook used a PR
agency to smear critics, NYT reports. Zuckerberg professes ignorance.
7th Jan
2016
19th Nov
2018
Solar PV & wind are now the cheapest new sources
of generation in every developed country ex. Japan
Excluding subsidies. So BNEF concludes in its analysis of H2 2018.
Benchmark LCOE: $58 for wind (down 6%) $60 for solar PV (down 13%).
The sky
is the
limit
7th Jan
2016
19th Nov
2018
Big 3 California utilities easily exceed 33%
renewables mandate and will achieve 50% by 2020
Solar is top at all 3 (PG&E, SCE and SDG&E). Senate Bill 100, signed into
law in September, mandates 60% RE by 2030 and 100% by 2045.
The sky
is the
limit
7th Jan
2016
21st Nov
2018
“Beijing to Judge Every Resident Based on Behavior
by End of 2020”
Those deemed untrustworthy will be “unable to move even a single
step,” according to the plan published on the city government’s website.
Meeting of the Beijing
Municipal City Peoples’
government
7th Jan
2016
23rd Nov
2018
Climate change damage to US economy will amount
to hundreds of billions of $, deaths in thousands
So concludes the National Climate Assessment, written by agency
scientists including Nasa and the defence and energy departments.
7th Jan
2016
23rd Nov
2018
50 Tory MPs sign letter to PM seeking UK climate
leadership via net-zero carbon emissions by 2050
Former ministers Damian Green, Oliver Letwin and Anna Soubry are
among the signatories. Their aims include protection for green jobs.
Simon Clarke MP,
pro-Brexit
Conservative,
organiser of the
cross-party letter
7th Jan
2016
23rd Nov
2018
Spark Energy becomes 7th and biggest UK supplier
to go bust this year: 290k customers
Simon Clarke MP,
pro-Brexit
Conservative,
organiser of the
cross-party letter
More carnage expect as wholesale prices rise, with the government’s
energy price cap looming. All the Big 6 are losing customers fast.
7th Jan
2016
26th Nov
2018
Arsenal becomes first soccer club to use battery
power at stadium: 2 MW, enough for a whole match
Installed by Pivot Power, the model is to buy power at cheap times, sell
at expensive times, and be paid for providing services to National Grid.
7th Jan
2016
26th Nov
2018
NASA lands first robot to deploy instruments on the
surface of another planet ….solar powered
The $1 billion Insight Lander will measure heat flow and record
marsquakes allowing planetary structure to be deduced.
Unravelling the mysteries of Mars interior
7th Jan
2016
27th Nov
2018
Facebook was warned of apparent Russian data
trawl in 2014, international parliamentarians told
Facebook’s representative, Richard Allan, confirms a leak of this
damning evidence to UK MP Damien Collins. Allan’s bosses told nobody.
7th Jan
2016
28th Nov
2018
Climate change is already a health emergency,
say experts from 27 organizations in The Lancet
Top concerns include heatwave impacts, spread of infectious diseases.
“The findings are clear and the stakes could not be higher. We cannot
delay action”: Tedros Ghebreyesus, World Health Organisation DG.
7th Jan
2016
28th Nov
2018
The Lancet Countdown 2018: Extreme heat
threatens “systemic failure” of hospitals
7th Jan
2016
28th Nov
2018
Global food system is broken, say 130 of the world’s
national academies of science and medicine
Agriculture = 1/3rd of all greenhouse-gas emissions, and 1/3rd of all food
produced is wasted. Radical change is needed: less meat, improved
farming methods, focus on nutritious food rather than cheap food.
Hunger continues to grow. In
2017, 821 million people -
one in every nine - went
hungry, the UK FAO reports.
7th Jan
2016
28th Nov
2018
EU announces it will be the first major economy to
be “climate neutral” - net zero emissions - by 2050
Renewables will be 80% of electricity, 53% final energy demand.
Packagewill boost economies by 2% of GDP by 2050 and reduce energy
imports by >70%, saving up to €3 trillion a year. Premature air-pollution
deaths will fall by >40%, saving €200bn a year in health costs.
EC’s VP of the
energy union
Maros Sefcovic
Energy
Commissioner
Miguel Arias
Cañete
7th Jan
2016
28th Nov
2018
ExxonMobil to power Permian oil operations with
250MW of wind and 250MW of solar power
Provider of the PPAs: Orsted, formerly Danish Oil and Natural Gas.
Solar-powered fracking? It was/is only a matter of time.
7th Jan
2016
28th Nov
2018
Macron announces 10 year energy plan: nuclear
down to 50% of electricity (from 71%) by 2035
14 reactors to close by 2035, and no new nuclear until then. Trebling of
wind and 5x solar by 2030, with up to €30 bn in state subsidies.
Fassenheim’s 2 reactors,
the oldest, first to go
Surface-air temperature anomaly for Jan – Oct 2018
(compared to the long term trend)
7th Jan
2016
29th Nov
2018
Last four years, 2015-18, were top 4 hottest ever:
World Meteorological Organisation
The 20 hottest years have all been in the last 22.
If the trend continues, global average reaches 3-5˚C by 2100.
7th Jan
2016
29th Nov
2018
FT cites four Russian analysts prepared to say that
Nord Stream 2 is not a commercial project
It makes no business sense, they argue. It is a geopolitical project aiming
to isolate Ukraine and boost Russian ability to project power in Europe.
7th Jan
2016
2nd Dec
2018
Annual climate summit (COP24) opens in Katowice,
Poland, with governments needing to accelerate
7th Jan
2016
2nd Dec
2018
The populists are having a negative impact on the
global emissions trajectory, it is widely agreed
7th Jan
2016
3rd Dec
2018
David Attenborough warns climate summit that
civilisation will collapse if we do not act
“If we don’t take action, the collapse of our civilisations and the
extinction of much of the natural world is on the horizon.”
7th Jan
2016
3rd Dec
2018
IEA’s 23rd annual Trends in Photovoltaic Applications
report tells a remarkable industrial success story
Of 99 GW global total
7th Jan
2016
3rd Dec
2018
27 countries have reached a minimum of 1 GW of
solar PV …but only one in Africa
Source: IEA Trends in Photovoltaic
Applications 2018
9 countries installed at least 1 GW in 2017. Cumulative per capita all
years: 1. Germany 514W. 2. Japan 390W. 3. Belgium 341W.
Distribution of the 403 GW of global cumulative PV power by end 2017
7th Jan
2016
3rd Dec
2018
Shell yields to investors and becomes first oil & gas
company to set a target on carbon footprint
Scope 3 targets will be set, and linked to executive pay. “It’s a massive
step change”, says the Church of England Pensions Board, “a model for
how [companies] can proceed.” But Shell still plans to increase gas.
7th Jan
2016
3rd Dec
2018
Silicon Valley is getting excited about British police
getting excited about using AI to predict crime
Most efforts so far have focused on forecasting where and when crime
will happen, but British police seek to predict who will perpetrate it.
West Midlands Police aim to produce a prototype by March 2019.
7th Jan
2016
4th Dec
2018
Qatar will quit OPEC Jan 1st 2019 ….to focus on gas
production, energy minister says
“When oil prices are too low even wealthy countries have problems with
revenues, expenditure & debt, especially after peak oil”: M. Mushalik
7th Jan
2016
4th Dec
2018
U-turn on eco-tax in face of Yellow Vests protests
sets back Macron's climate leadership agenda
A petrol price increase of 4 cents a litre was enough to trigger those
more generally troubled by inequality and austerity to protest and riot.
7th Jan
2016
4th Dec
2018
Spain announces 100% renewables target and >90%
emissions reductions by 2050
The Climate Change and Energy Transition Law, which provides for
retraining of fossil-fuel workers, has yet to be passed by Parliament.
Teresa Ribera
Minister of Energy
and Ecological
Transition
7th Jan
2016
4th Dec
2018
Xcel announces most ambitious US utility emissions
target so far: carbon-free electricity by 2050
Also ups 2030 target to 80%, and believes that can be done with
renewables and other clean tech available today.
7th Jan
2016
5th Dec
2018
Tackling climate change would save millions of lives
a year, the WHO tells COP24
“Morally, delaying the [clean energy] transition is being responsible for
millions of deaths every year”, WHO’s Maria Neira tells delegates.
7th Jan
2016
5th Dec
2018
US shale oil production keeps rising – but even at
$70 oil still the drillers make no money
IEEFA & Sightline report: 32 publicly traded fracking-focused companies
collectively spent nearly $1 billion more on operations during Q3 than
they received in sales of oil and gas. Their losing streak is now 9 years.
7th Jan
2016
6th Dec
2018
Emissions set to reach an all time high of 37.1bn
tonnes in 2018, with cars & coal the main problems
7th Jan
2016
6th Dec
2018
Solar Power Europe launches major campaign to
bring solar PV manufacturing back to Europe
The trade body seeks at least 5GW of manufacturing, spanning the
entire value chain. “The time is right”, SPE chair says.
7th Jan
2016
6th Dec
2018
“Central bank warnings on the global economy are
getting louder”: Howard Davies
“Reasons to stay awake at night are multiplying”, says the former Bank
of England Deputy Governor and Chair of RBS. “The desired financial
tightening in credit markets has scarcely occurred yet.”
7th Jan
2016
6th Dec
2018
Leaked Facebook e-mails show ruthless commercial
focus, counter to public interest, led from the top
So Zuckerberg wrote in a 2012 email about the possibility that
developers would build applications that used data about Facebook
users and their friends, but not provide any data back to FB.
“That may be
good for the
world, but it’s
not good for
us…”
7th Jan
2016
6th Dec
2018
Microsoft asks governments to regulate the use of
facial-recognition technology
Brad Smith: the company wants to ensure AI does not invade personal
privacy or become a tool for discrimination or surveillance.
“We must ensure that the year 2024 doesn’t look
like a page from the novel 1984…”
7th Jan
2016
7th Dec
2018
French Yellow Vests protestors are organizing in
huge Facebook groups, and on Twitter
Many of the most visible accounts tweeting about the Yellow Vests
have a hard-right or far-right political positioning, Bloomberg reports.
7th Jan
2016
7th Dec
2018
“Inside China’s audacious plan for global
media dominance”
Since 2003 the political goals of the People’s Liberation Army have
overtly included “media warfare.” Today China Global TV Network is
hiring and training journalists worldwide “to tell China’s story well.”
7th Jan
2016
7th Dec
2018
US scientists: modern climate change “solidly in the
same category” as end Permian mass extinction
96% of all oceanic species died in just a few thousands years then, from
reducing oxygen in warming water. With the warming of the last 50
years, oxygen has declined 2%, and continues to drop.
After being alerted that
Tommy Robinson was
using Facebook as
though he was a charity,
FB removed the donate
button.
In all my reading about
this company, I have yet
to encounter an example
of them doing anything
pro-social proactively.
7th Jan
2016
7th Dec
2018
A British fascist activist raises “several hundred
thousands pounds ” online incl. via a Facebook page
A Guardian investigation finds that the anti-Muslim hatemonger is
financially and logistically supported by far-right US and Australian think
tanks, US tech billionaire Robert Shillman, and hundredsof Russian
trolls. Robinson has >1 million Facebook followers.
7th Jan
2016
8th Dec
2018
I delete my Facebook account and all personal data
they hold, concluding they are beyond reform
I urge all colleagues, friends and esteemed contacts who care about the
future of liberal democracy to do the same.
7th Jan
2016
9th Dec
2018
50 prominent Europeans publish manifesto aiming
to fight right-wing populism by tackling inequality
They envisage a €800 bn a year fund (4% of EU GDP, 4 x current budget)
created by taxing multinationals, millionaires and carbon emissions.
Thomas Piketty,
French economist,
spokesperson
7th Jan
2016
9th Dec
2018
BlackRock, Vanguard, Axa and other investors have
ramped up coal holdings since the Paris agreement
So InfluenceMap finds. BlackRock, the world’s largest asset manager
with $6.4tn in assets, has the largest absolute holdings in thermal coal.
7th Jan
2016
10th Dec
2018
Leave-funding hedge funders short retailers, betting
they crash in the post-Brexit British economy
Odey Asset Management, Marshall Wace & others have placed multiple
hundreds of millions bets against high-street names like Debenhams.
7th Jan
2016
10th Dec
2018
Cut emissions or face financial crisis much worse
than 2008, investors worth $32 trillion tell COP24
And the USA, Russia, and Saudi Arabia say they don’t “welcome” the
IPCC 1.5˚C report, as all other governments do, they only “note” it”....
7th Jan
2016
10th Dec
2018
Satellite data show for the first time that many of
East Antarctica’s glaciers are thinning & speeding up
If all the ice were to slide or melt, it would lift global ocean height 28
metres. “That's the water equivalent to four Greenlands of ice,” says
Catherine Walker of Nasa’s Goddard Space Flight Center.
7th Jan
2016
10th Dec
2018
“Just over a century ago, trustbusters broke up Standard Oil. The same
resolve is now needed to reduce the dominance of the tech giants.”
FT Lex column joins growing calls for
breakup of Google and Facebook
7th Jan
2016
11th Dec
2018
New privacy lapse persuades Google to shut down
Google+ 4 months earlier than already announced
The total of users of the network whose personal data have been
exposed now stands at 52 million, Google admits in a blog.
7th Jan
2016
11th Dec
2018
Google CEO refuses to rule out development of a
censored network for China
Sundar Pichai in Congressional Testimony: “We think it’s in our duty to
explore possibilities to give users access to information.”
7th Jan
2016
11th Dec
2018
“….suggest that capitalism is substantially broken.
Reluctantly, I have come to a similar conclusion.”
So writes Martin Wolf, chief economics commentator at the Financial
Times. “We must rethink the purpose of the corporation.”
7th Jan
2016
11th Dec
2018
47th tremor at Caudrilla fracking site is biggest yet,
magnitude 1.5, and the first to be felt by residents
This is on a par with the one that led to a 7 year moratorium on fracking
in 2011. Caudrilla says they will restart after the required 18 hour pause.
7th Jan
2016
11th Dec
2018
Increase emissions pledges or be on an “immoral”
“suicidal” path, UN chief tells climate summit
António Guterres tells COP24 “to waste this opportunity would
compromise our last best chance to stop runaway climate change. It
would not only be immoral, it would be suicidal.”
7th Jan
2016
12th Dec
2018
Shenzhen has the world's first and largest fleet of
fully electric buses: 16,000 of them
Shenzhen Bus Group estimates 160,000 tonnes of coal saved p.a. and
440,000 tonnes of annual CO2 emissions reduced, with fuel bill halved.
7th Jan
2016
12th Dec
2018
Norway will have to eschew >$800 billion in “value”
in a world that takes serious climate action
So concludes Norway’s Climate Risk Commission: remaining oil and gas
resources (55% still in place) could drop from 9 to 2 tn kroner ($233 bn).
7th Jan
2016
12th Dec
2018
Study finds remarkable increase in grass growth
under solar array due to water retention in soil
Oregon State agriculturalists find that >90% more biomass (several key
grazing grasses) grows in areas partially or fully covered by solar panels.
7th Jan
2016
13th Dec
2018
“An energy crisis looms as forecasts ignore
US shale quality”: Anas Alhajji in the FT
“As a result of the mismatch between crude quality and refining
capacity, we have already hit a refining wall in the US.” Next stop world.
”You are not mature enough to tell it like it is.
Even that burden you leave to your children”
7th Jan
2016
14th Dec
2018
“If solutions within this system are so impossible to find
then maybe we should change the system itself.”
Greta
Thunberg
Age 15
After 6 years of the divestment campaign,
1,000 divestments now sum almost to $8 trillion
7th Jan
2016
16th Dec
2018
Unity College, Maine, was the first, in 2012. The latest are major French
and Australian pension funds. Widespread action by mainstream FIs
means that divestment is now a clear risk to fossil fuel companies.
Bank of England plans to test UK banks’ resilience
to climate change as early as 2019
7th Jan
2016
16th Dec
2018
So Mark Carney tells the FT in an interview. This would be an
unprecedented move for a central bank.
Entering 2019, 17 known separate investigations
of Trump-and-Russia are underway
7th Jan
2016
17th Dec
2018
A reminder: 69 people were charged as part of the Nixon-Watergate
investigation, 48 of whom pleaded guilty or were found guilty at trial.
Report lays bare how Facebook & Google misled
Congress on extent of Russia’s meme warfare
7th Jan
2016
17th Dec
2018
The most in-depth report yet on the Internet Research Agency, for the
Senate Intelligence Committee, shows enormous scale of trolls’ boosting
of Trump on Facebook, YouTube, and - in particular - Instagram.
ExxonMobil becomes the top driller in the US
Permian shale, expecting growth through 2025
7th Jan
2016
17th Dec
2018
It needs to do this to replace its otherwise falling oil production,
now at a 10 year low, Bloomberg reasons.
UK government confirms it will stop tariff payments
for rooftop solar generation from March
7th Jan
2016
18th Dec
2018
Minister Claire Perry said in Parliament barely two weeks ago that it
would be “wrong” for solar to be exported to the grid for free.
“Best British heist movie
since The Brexit Job”
“More worrying than a US-China trade war
is the risk of a hot one”
7th Jan
2016
18th Dec
2018
“It is easy to imagine how a collision in the air or at sea could escalate. Casualties could
fan nationalist flames on either side and cause twitchy officers, or political leaders, to
respond in ways that lead rapidly to disaster.”
New York Times investigation is worst Facebook
revelation yet: data access for 150 companies
7th Jan
2016
19th Dec
2018
“The special arrangements are detailed in hundreds of pages of Facebook documents
obtained by The New York Times.” ….+ interviews with c. 50 former employees of FB
and its corporate partners. Big questions about 2011 consent agreement with the FTC.
“Why Should Anyone Believe Facebook
Anymore?”
7th Jan
2016
19th Dec
2018
….“It's hard to process this without finally realizing what it is that's made
us so angry with Silicon Valley, and Facebook in particular, in 2018: We
feel lied to, like these companies are playing us, their users, for chumps,
and they're also laughing at us for being so naive.”
Fred Vogelstein: “There's a simple
takeaway from all this, and it’s not a
pretty one: Facebook is either a
mendacious, arrogant corporation in
the mold of a 1980s-style Wall Street
firm, or it is a company in much more
disarray than it has been letting on.”
….Or, of course, both
Washington DC sues Facebook for letting Cambridge
Analytica access peoples’ data without permission
7th Jan
2016
19th Dec
2018
“Facebook failed to protect the privacy of its users and deceived them
about who had access to their data and how it was used.”
Karl Racine, District of
Columbia attorney general
7th Jan
2016
20th Dec
2018
“Investors in the European electricity lost half their money by the time the renewable
challengers made up just 4% of electricity supply, and underperformed the
• They followed consensus thinking and
expected continued growth.
• They underestimated the fall in the
costs of challenging technologies.
• They underestimated the ingenuity of
engineers at finding ways to solve
bottlenecks.
• They misunderstood the threat to their
business model from marginal change.
They thought incumbency was an asset,
but it turned out to be a liability.
The oil and gas companies are in the process of
making the same 5 mistakes the utility industry did
US and UK accuse Chinese government of sustained
hacking campaign as 2 are indicted in the USA
7th Jan
2016
20th Dec
2018
Chinese hackers accused of obtaining unauthorised access to the computers of at least
45 entities, including commercial and defence technology companies and US
“Google’s Earth: how the tech giant is helping the
state spy on us”: The Guardian
7th Jan
2016
20th Dec
2018
“This mixing of military, police, government, public education, business and consumer-
facing systems – all funnelled through Google – continues to raise alarms.”
“In 2006, Google Federal went on a hiring
spree, snapping up managers and
salespeople from the army, air force,
CIA….”
“…while Google’s PR team did its best to
keep the company wrapped in a false aura
of altruism, company executives pursued
an aggressive strategy to become the
Lockheed Martin of the internet age.”
“US shale’s financial blanket at risk of wearing thin
in 2019”
7th Jan
2016
23rd Dec
2018
The Federal Reserve signalling higher interest rates threatens access to
debt, and the plunging share prices of O&G companies threatens equity.
Big Tech hires senior US Department of Justice
officials in anticipation of antitrust battles
7th Jan
2016
23rd Dec
2018
Amazon, Facebook and others gear up for what “experts warn could be
an ‘existential’ battle over whether they should be broken up” (FT).
Campaign finance not Russian collusion to topple
Trump? “Here, apparently, we care about neither”
7th Jan
2016
23rd Dec
2018
Carole Cadwalladr: “The wider questions about the multiple crimes and
alleged crimes – nine serious or criminal investigations now in all –
committed during the referendum remain a side show.”
“President Trump and President Putin
could end the world today…”
7th Jan
2016
23rd Dec
2018
“…and there’s little any of us could do to stop them. What’s worse is
that’s the way we designed it”: Alexandra Bell, senior policy director at
the Centre for Arms Control and Non-proliferation.
Defense Secretary James Mattis,
“the last adult in the White
House”, has just resigned.
“The depressing reality about climate change is that
we could solve the problem, at manageable cost,
but are failing to do so”: FT Editorial Board
7th Jan
2016
26th Dec
2018
“The self-deception comes from those who accept the reality, but only pretend to
solve it. …The tragedy is that while the scientists and technologists have won the
argument, the climate sceptics and deniers have effectively won the policy debate.”
“This failure is due to
a mixture of blindness
and self-deception.
The blindness comes
from those, such as
US president Donald
Trump, who deny the
reality of climate
change.”
Howblind do you
have to be?
“Investment in low-carbon energy remains poor
for oil majors”
7th Jan
2016
27th Dec
2018
Harry Brekelmans of Shell tells the FT that a key frustration for energy companies such
as Shell is that many see only one pathway for decarbonisation — the elimination of
fossil fuels — rather than more “realistic” options.
Disclosed low carbon investment as a
proportion of total capital spend,
2010 to Q3 2018
7th Jan
2016
28th Dec
2018
He donated nearly £900,000 to Leave campaigns, and wants Boris
Johnson to replace Theresa May. (Presumably to up the crisis levels).
Crispin Odey boasts that each day of Brexit-related
political crisis is a “good day” for his hedge fund
7th Jan
2016
30th Dec
2018
Browne, the former chair of Caudrilla and the current chair of an oil and gas
investment vehicle owned by Russian oligarch Mikhail Fridman, cites CCS as the top
action needed, and does not mention clean-energy investment.
“The energy industry must engage with climate
change” - John Browne op-ed in the FT
7th Jan
2016
30th Dec
2018
“Predictions at the start of 2018 generally held that demand
would keep growing until 2022 or later.”
“Combustion engine car sales to hit peak demand in
2018, say analysts”

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A chronology in pictures and charts of selected developments in climate, energy, tech and the future of civilisation

  • 1. A chronology in pictures and charts of selected developments in climate, energy, tech and the future of civilisation 2018 Q4
  • 2. 7th Jan 2016 1st Oct 2018 China’s economy is decelerating, prompting Beijing to pare back environmental policies to boost GDP. Beijing axes coal and steel production curbs as Trump’s trade war impacts economy
  • 3. 7th Jan 2016 2nd Oct 2018 PM Lars Lokke Rasmussen says it “will be hard to achieve. But that’s exactly why we need to try.” National goal is to be fossil-free by 2050. Denmark to set tightest national ban on new petrol and diesel cars: from 2030
  • 4. 7th Jan 2016 2nd Oct 2018 “We don’t discuss the question anymore of, Is there climate change”: Munich Re 1st in WSJ “Price of Climate” series: “Changing risk probabilities may make some areas uninsurable altogether, or at least so risky the cost would be prohibitively expensive for insurance buyers, executives say.”
  • 5. 7th Jan 2016 2nd Oct 2018 So the Climate Bonds Initiative reports in its annual state of market report. USA, China & France are top 3 for labelled green bond issuance. $1.45 trillion of labelled green bonds and climate- aligned bonds leaves “headroom for huge growth”
  • 6. 7th Jan 2016 3rd Oct 2018 Median government debt-GDP ratio stands at 52%, up from 36% before the 2008 crisis. Rising inequality and hoarding make a crash more likely. With world debt well above 2008 levels, world economy is at risk of another financial crash: IMF
  • 7. 7th Jan 2016 7th Oct 2018 Landmark UN scientists’ report confirms ruinous contrast between 1.5˚C & 2˚C global warming IPCC concludes that for 1.5˚C limit, emissions must be cut from 2010 levels by 45% by 2030, and to net zero by 2050 (20% and 2075 for 2˚C). This requires reconfiguring of the human world within a generation.
  • 8. 7th Jan 2016 7th Oct 2018 The IPCC 1.5˚C emissions trajectory entails systems transitions that are “unprecedented in scale….” “In 1.5°C pathways with no or limited overshoot, renewables are projected to supply 70–85% of electricity in 2050 (high confidence).” Net global CO2 emission pathway 1980 20202000 2040 2060 2080 2100 BilliontonnesofCO2peryear “…but not necessarily in terms of speed, and imply deep emissions reductions in all sectors, a wide portfolio of mitigation options and a significant upscaling of investments in those options.” 42 Budget: 580 GtC02 for a 50% chance of limiting global mean surface air temperature to 1.5˚C
  • 9. 7th Jan 2016 9th Oct 2018 “Big Oil Could Reap Windfall on Fossil Fuel Limits, Goldman Says” The 7 biggest oil companies could cut carbon emissions 20% by 2030, even as returns on the biggest oil and gas projects rise by c.5%, the bank tells clients. But a “Big Oil to Big Energy” pivot is also essential.
  • 10. 7th Jan 2016 9th Oct 2018 CEO says Shell will not “go soft” on oil & gas and mass reforestation needed for 1.5˚C target Van Buerden insists gas has a key role to play in a 1.5˚C world. “You can have an endless discussion about semantics. Is it a transition role, a destination role? In the end it is a bit of both.”
  • 11. 7th Jan 2016 9th Oct 2018 Dutch appeals court upholds landmark climate change ruling: government must accelerate cuts Court backs citizens case that the crisis demands cuts of at least 25% by 2020 from 1990 levels, not the 17% cut the government targets.
  • 12. 7th Jan 2016 9th Oct 2018 Solarcentury sells 80% stake in 300 MW Spanish subsidy-free solar farm, one of Europe’s largest Frans van den Heuvel: “Talayuela is concrete evidence of Solarcentury’s transition to a fully integrated platform that develops, builds and operates solar and storage assets.” Solarcentury solar farm, Panama
  • 13. 7th Jan 2016 10th Oct 2018 Huge reduction in meat-eating “essential” if the world is to avoid climate breakdown So concludes the most comprehensive survey of the food system yet: 90% less beef consumption in western world, 5x more beans & pulses.
  • 14. 7th Jan 2016 11th Oct 2018 Carbon Tracker satellite analysis shows 40% of Chinese coal fleet is cash-flow negative in 2018… …owing to high fuel costs (capacity weighted average of $85/t), and 95% cash-flow negative by 2040, due to C pricing & air pollution regulation. Solarcentury solar farm, Panama
  • 15. 7th Jan 2016 11th Oct 2018 It will be cheaper for China to build new onshore wind than operate coal by 2021, & solar PV by 2025 So Carbon Tracker concludes in its latest report. Chinese coal power owners can avoid losing $390 bn by retiring the operating fleet in a manner consistent with the Paris Agreement. Solarcentury solar farm, Panama
  • 16. 7th Jan 2016 11th Oct 2018 Coal has risen from ashes of 2013, as price has risen, to be top earning Australian export And the government says that acting on the IPCC report would be “irresponsible.” Glencore and BHP Billiton are among those cashing in. Solarcentury solar farm, Panama
  • 17. 7th Jan 2016 11th Oct 2018 Hurricane Michael: Category 4 storm hits Florida for the 1st time ever, flattening whole neighbourhoods This time wind is the problem: up to 155 mph, 5 mph < Category 5. Governor Rick Scott, climate denier: “unimaginable devastation.” Solarcentury solar farm, Panama
  • 18. 7th Jan 2016 11th Oct 2018 “Dirty capital: London’s financial flows are polluted by laundered money” The National Crime Agency says international money rinsed through British banks each year is “many hundreds of billions of pounds”.
  • 19. 7th Jan 2016 12th Oct 2018 Saudi government hit squad murdered dissident Jamal Khashoggi in Turkey, strong evidence suggests There is a trend of increasing state-induced abduction and murder. “Why do more and more governments think they can get away with murder”, Simon Tysdall asks. Lack of respect for international law.
  • 20. 7th Jan 2016 13th Oct 2018 Businesses and organisations withdraw en masse from Saudi showcase summit, citing Khashoggi case They include NYT, FT, CNN, CNBC, Bloomberg, World Bank, Virgin, & even Uber – despite having Saudi sovereign wealth fund as an investor.
  • 21. 7th Jan 2016 13th Oct 2018 Google to shut down Google+ after failing to disclose massive user data leak This was on the scale of the one that landed Zuckerberg in Congress. According to a memo leaked to the WSJ, the reason for the cover up was the risk of the CEO having to testify, & “immediate regulatory interest.” A “facebook killer” killed off
  • 22. 7th Jan 2016 14th Oct 2018 Senior Tory MP protests lack of police investigation into breakages of law by 3 pro-Brexit campaigns Damian Collins: “What is our law worth if the police won’t act?” Plus “absurd” that the UK has no enquiry into Russian interference in the referendum like Mueller’s on the their interference in the US election.
  • 23. 7th Jan 2016 15th Oct 2018 Fracking allowed once again in UK after 7 year abeyance following failure of last minute injunction Energy Minister Claire Perry: Those who oppose fracking are peddling “wild myths”
  • 24. 7th Jan 2016 15th Oct 2018 Banks will not be forced to reveal climate change risks they face, Bank of England decides New Economics Foundation: “We need to do much more than simply tinker around the edges with incremental adjustments. …We will need radical disruptive reforms that help reshape finance.”
  • 25. 7th Jan 2016 15th Oct 2018 EU plans to offer billions in co-funding to companies willing to build electric battery plants in Europe c. 80% of the world’s existing and planned battery production capacity is in Asia, 69% in China alone. The US is at 15% and the EU at under 4%.
  • 26. 7th Jan 2016 15th Oct 2018 Jeff Bezos: “It doesn’t make any sense to me” for tech companies to eschew work with the Pentagon “I like this country. I know everybody is very conflicted about the current politics and so on,” he tells Wired, but “this country is a gem.”
  • 27. 7th Jan 2016 16th Oct 2018 BBC Radio airs an unprecedented critique of the UK government’s undermining of most renewables File on 4 uses a wide range of interviewees across the full span of renewables industries devastated by preference for nuclear & shale gas. Fuelling the Future? Does Britain’s green energy strategy stack up?
  • 28. 7th Jan 2016 16th Oct 2018 Scottish Power (Iberdrola) shifts to 100% wind generation after £700m sale of gas plants to Drax The company will also develop a “sizeable” solar portfolio, aiming to complement wind output. Reasons given by CEO: economics ….& IPCC.
  • 29. 7th Jan 2016 16th Oct 2018 US-China tensions soar: we are in a “new cold war” as China goes on offense in face of Trump bellicosity Including dangerous manoeuvres by Chinese and US warships in South China Sea, and a major return by China to cyberwar. Fuelling the Future? Does Britain’s green energy strategy stack up? Confrontation between the USS Decatur and a Chinese navy warship, Sept 2018
  • 30. 7th Jan 2016 17th Oct 2018 Bank of England raises alarm over global surge in high-risk lending to already heavily-indebted firms The global leveraged loan market (to firms with debts >4x earnings) is larger than – and growing as quickly as – the US sub-prime mortgage market in 2006. US alone >doubled since 2010 to >$1 trillion.
  • 31. 7th Jan 2016 17th Oct 2018 UK fracking protesters walk free after court quashes their “manifestly excessive” 16 month sentences Original trial judge’s father and sister run a company supplying Centrica, a major investor in fracking.
  • 32. 7th Jan 2016 17th Oct 2018 God, Man, Tech and Climate: Hans Joachim Schellnhuber paints a picture for the Club of Rome Man will create cyborgs of unimaginable power by marrying quantum computers with AI. The machines will be able to survive in a world that fails to go zero carbon. Even if Man can survive, they won’t need him….
  • 33. 7th Jan 2016 18th Oct 2018 Swedish oil bosses to be charged with aggravated crimes against humanity for ops in South Sudan Prosecutors allege that during oil exploration in the 1990s Lundin Petroleum caused the deaths of thousands and the enforced migration of almost 200,000, plus much rape, torture and murder. Lundin Petroleum CEO Alex Schneiter, (left) and chairman Ian Lundin
  • 34. 7th Jan 2016 Oct 2018 Boston Dynamics films a video of its SpotMini robot, dancing (well) ….and due on sale in 2019 Now imagine it with poison fangs and facial recognition software. Then imagine thousands roaming the streets seeking (deemed) miscreants.
  • 35. 7th Jan 2016 18th Oct 2018 Shell bets on US shale for “balance” while it waits for deepwater production to come onstream $2bn and $3bn p.a. to be allocated to shale, c. 10 % of the company’s annual capex until 2020, by when it expects doubled production.
  • 36. 7th Jan 2016 19th Oct 2018 Schlumberger chief warns US shale oil production will drop as observed well-decline rates rise. What he doesn't address is how his clients are going to service their mountainous debts if they can't hold production up.
  • 37. 7th Jan 2016 18th Oct 2018 Dramatic slowdown in internet access, and yet more than half the world is not online 15 countries have <10% have access, 50 <30%. Facebook’s “Free Basics” programme has added 100m. Many use Facebook but not the internet.
  • 38. 7th Jan 2016 19th Oct 2018 Saudi Twitter army launches blizzard defence of beleaguered leader after Khashoggi disappearance Researchers track a web of loyalist accounts - real people and bots. 1.1 m uses of Arabic hashtag “We all trust in Mohammed bin Salman”.
  • 39. IEA’s Efficient World Scenario finds huge cost- effective global energy-efficiency potential 7th Jan 2016 19th Oct 2018 Scenario calculates effect if if all countries maximised all available cost-effective efficiency potential between now and 2040. Transport energy demand could stay flat even with a doubling of activity We could have 60% more building space in 2040 for no additional energy use Industry could provide nearly twice as much value per unit of energy in 2040 ….”Not bad for an invisible fuel.”
  • 40. 7th Jan 2016 19th Oct 2018 Poll shows British public supports EU regulation to pay solar generators a fair market rate for export 71% want the UK government to reflect proposed new EU law protecting prosumers ….69% if Leavers only counted.
  • 41. 7th Jan 2016 24th Oct 2018 Exxon sued by New York State for fraud: misleading investors about climate-change risk Accusation after years of investigation: new projects were based on forecasts for costs associated with climate change that were lower than those it told investors it was using, lowering costs by billions of dollars. Barbara Underwood, NY State Attorney General
  • 42. 7th Jan 2016 26th Oct 2018 Canada passes a carbon tax, starting at a modest $20/tonne, but giving most Canadians more money The Greenhouse Gas Pollution Pricing Act is a revenue-neutral carbon tax starting in 2019, fulfilling a campaign pledge the PM made in 2015.
  • 43. 7th Jan 2016 26th Oct 2018 World’s billionaires became richest ever, 20% up in 2017, UBS reports: membership up by 179 to 2,158 They grew their combined wealth by $1.4tn to $8.9tn (£6.9tn), more than the GDP of Spain or Australia. 701 are >70 & the 30 richest of these have $1 tn. Signatories of Gates’s Giving Pledge (50% in lifetime): c.180. Barbara Underwood, NY State Attorney General
  • 44. 7th Jan 2016 26th Oct 2018 Little more than a week after restart, fracking at Lancashire site paused after 18th seismic tremor The Oil & Gas Authority requires fracking to stop if any seismic activity >0.5 is detected. This one was 0.8. The 2011 tremor was 2.3.
  • 45. 7th Jan 2016 26th Oct 2018 Alphabet’s Waymo becomes first self-driving car developer to launch commercial services The company begins charging passengers in the suburbs of Phoenix, Arizona, where pilots have been running since 2016.
  • 46. 7th Jan 2016 28th Oct 2018 Fracking risks turning the country against Tories, Tory MP Zac Goldsmith warns “Fracking is an issue that has the potential to turn whole regions against the government,” for reasons including “the sheer volume of trucks.”
  • 47. 7th Jan 2016 29th Oct 2018 “Even the World's Biggest Miners Are Switching to Electric Vehicles” “Getting mines to be completely diesel free is our end goal” says Andrew Draffin, of Voltra, a supplier to BHP. Current EV mine fleet <1%.
  • 48. 7th Jan 2016 29th Oct 2018 Wind and solar to strand $60 billion of coal assets in the next decade across SE Asia: Carbon Tracker Cost of new solar plants may be less than operating coal projects by 2027 in Vietnam, 2028 in Indonesia and 2029 in the Philippines.
  • 49. 7th Jan 2016 30th Oct 2018 After yet another tremor requires 18 hour fracking pause, Cuadrilla wants relaxation of quake rules At 1.1, this was the strongest of what have now been 27 tremors in 2 weeks. Caudrilla, losing $94k a day when operations pause, wants stop- rule at 2, not current 0.5. Above 1.5 can be felt at surface.
  • 50. 7th Jan 2016 30th Oct 2018 Humanity has wiped out 60% of animal populations since 1970, threatening civilization in the process So finds a WWF report written by 57 scientists, chronicling “a sixth mass extinction” ….the first to be caused by a species – Homo sapiens. Us.
  • 51. 7th Jan 2016 30th Oct 2018 Californian renewables bill (100% by 2045) means wipe-out for gas companies, say S&P & Moody's S&P: “We believe that over the long term, with the growth of renewable energy, these utilities face a significant threat to their market position, finances, and credit stability.”
  • 52. 7th Jan 2016 31st Oct 2018 Drones to deliver vaccines to dozens of remote villages in Vanuatu in world-first trial Unicef set up the project, professing the technology has “massive” potential in the Pacific and around the globe. If successful, next is blood.
  • 53. 7th Jan 2016 Nov 2018 The number of nuclear warheads has dropped significantly …but more countries now have them Peak year 1986
  • 54. 7th Jan 2016 1st Nov 2018 Seas have soaked up 60% more heat than the IPCC reported, meaning even deeper carbon cuts needed Princeton-led scientific team uses measurements since 1991 to calculate greater heat from the same amount of greenhouse gas, meaning the Earth is more sensitive to CO2. Conclusion: 20% more cuts to hit 2˚C.
  • 55. 7th Jan 2016 1st Nov 2018 Genuinely subsidy-free UK solar-farm building to start in 2019, with a 2.5 GW 131 project pipeline MW per year of installations >250 kW 110-120 MW 300-600 MW Analyst Finlay Colville dismisses the two projects to-date that have claimed to be subsidy free as non-legitimate.
  • 56. 7th Jan 2016 1st Nov 2018 Conservative MPs line up to criticise government's ‘downright bonkers’ and ‘ludicrous’ fracking plans 20 ready to rebel, the Independent reports. Lee Rowley, MP for NE Derbyshire: “fracking will not work in this country.”
  • 57. 7th Jan 2016 1st Nov 2018 Thousands of Google workers stage walk-out protest over sexual harassment in multiple cities Sundar Pichai, CEO: “Employees have raised constructive ideas for how we can improve our policies and our processes going forward.”
  • 58. 7th Jan 2016 1st Nov 2018 Lazard LCOE latest: solar less expensive than coal and gas at utility scale PV rooftop resi PV rooftop C&I PV community PV cx utility PV thin film utility Coal Gas combined cycle Gas peaking Nuclear Solar thermal tower Fuel cell Geothermal Wind Source: Lazard Levelized cost MWh Offshore “This doesn’t compare apples with apples” – ignores behind the meter cost savings: PV Magazine
  • 59. 7th Jan 2016 1st Nov 2018 Off grid solar lighting sales fell again in 2018 H1 ….no sign of the growth needed to hit SDG 7 A billion people remain without electricity. Yet existing light sales mean c. $3.5bn additional income for households over lifetime of products. million 4 33 1 2 12% down
  • 60. 7th Jan 2016 1st Nov 2018 Solar home systems were only 11% of total 2018 H1 solar lighting unit sales, but…. ….All 4 types of SHS grew, between 15% & 200% (>100 Wp) due to PAYG. For all solar lighting, PAYG value ($110m) exceeds cash value ($107m). GOGLA members data for c. 30% of global market <11Wp …..& c. 60-80% <11Wp Total 0 - 1.5 Wp 1.5 - 3 Wp 3 - 10 Wp 11 - 20 Wp 21 - 49 Wp 50 - 100 Wp >100 Wp 26 MW 2.7 m solar lanterns $76 m value 561 k multi-light systems $40 m value 395 k solar home systems $102 m value 20% Total Cash PAYG
  • 61. 7th Jan 2016 1st Nov 2018 Potential clear in impact estimates for all off-grid solar lighting products sold to date (as of June 2018) Figures are conservative: based on constantly-updated GOGLA industry standards, including only quality-verified products. people with currently living in a household with improved energy access due to solar lighting products people undertaking more economic activity due to solar lighting access metric tons of CO2 emissions avoided, over products’ lifetimes additional income unlocked over the products’ lifetimes savings on energy expenditure by households switching to solar lanterns or multi-light systems, over products’ lifetime extra hours of light created for families over products’ lifetimes
  • 62. 7th Jan 2016 2nd Nov 2018 Access to electricity is growing rapidly around the world ….except in Africa New IEA figures show the number without electricity has fallen below 1 billion, but in Africa it remains around 600 million: deployment is not keeping up with population growth.
  • 63. 7th Jan 2016 3rd Nov 2018 “'Records falling everywhere': solar panel demand goes through the roof” By end 2018, c. 2 million households will have panels, 17% have batteries …. “and huge potential remains.” Source: Australian PV Institute Reported national PV total at Sept 2018: >10,131 MW
  • 64. 7th Jan 2016 4th Nov 2018 Only 5% of the UK’s biggest corporate pension funds have a policy on climate-change risk None of the 43 funds analysed by Pinsent Masons have a target for investment in low-carbon assets, while all (£479bn in collective assets) lack a decarbonisation target for their investment portfolio.
  • 65. 7th Jan 2016 5th Nov 2018 Tim Berners-Lee launches a global campaign to save the web from abuse The inventor of the internet a new “Contract for the Web” - a ”Magna Carta” to be published in May 2019 that aims to protect people’s rights and freedoms. He urges people, organisations and companies to sign up.
  • 66. 7th Jan 2016 7th Nov 2018 UK renewables generation capacity overtakes all fossil fuels for the first time Meanwhile investment in renewables drops 46% YoY in Q3 and the UK drops to 8th in the EY Renewable Energy Country Attractiveness Index. GW Fossil fuels 41.2 GW Renewables 41.9 GW
  • 67. 7th Jan 2016 8th Nov 2018 “New wind and solar generation costs fall below existing coal plants” This applies now in “many” parts of the USA, “threatening to wreck President Donald Trump’s hopes of reviving the mining industry.” 29 56 New estimates by Lazard of $ per megawatt hour, before any subsidies Onshore wind Solar Coal Nuclear 27 45
  • 68. 7th Jan 2016 8th Nov 2018 Support for fracking in the UK falls to 15% So the latest instalment of the BEIS Public Attitudes Tracker finds. Poll was taken before Caudrilla restarted fracking, triggering many tremors.
  • 69. 7th Jan 2016 8th Nov 2018 FT reporter gathers evidence from locals that China’s fracking for gas is polluting water supply Residents of Xiaohaotu in Shaanxi province: “the water is beyond repair”, containing multiple toxins. Elevated cancer & 70% with skin rashes. Pigs & sheep dying after drinking water. Sinopec: no comment.
  • 70. 7th Jan 2016 8th Nov 2018 Federal judge blocks Keystone XL pipeline, faulting Trump's approval of it entering office last year Judge Brian Morris of the District Court for the District of Montana: e.g. State Department “simply discarded” climate change concerns.
  • 71. 7th Jan 2016 8th Nov 2018 China's state news agency Xinhua unveils a virtual AI newsreader: spot the difference Such presenters can "work" 24 hours a day on its website and social media channels, Xinhua says, "reducing news production costs".
  • 72. 7th Jan 2016 9th Nov 2018 “China’s drone makers zero in on armed forces” The Zhuhai Air Show: >350 Chinese private firms now make drones. Chinese companies have the lion’s share of the international market.
  • 73. 7th Jan 2016 10th Nov 2018 UK funds research into drones that decide who they kill, Freedom of Information requests reveal Ministry of Defence and defence contractors are funding dozens of artificial intelligence programmes for use in conflict.
  • 74. 7th Jan 2016 10th Nov 2018 Northern California wildfire incinerates most of a town called Paradise, killing many ….TBD 27,000 people escape on a highway through “a wall of fire”. Wildfires also rage in south. 150,000 evacuated in all, including all of Malibu.
  • 75. “The Terrifying Science Behind California’s Massive Camp Fire” 7th Jan 2016 10th Nov 2018 “This is what a climate change reckoning looks like.” “The atmosphere as it gets warmer is thirstier.” “Climate change is sucking California dry.” Meteorologist Rob Elvington in a prescient tweet the day before the fire broke out: “Worse than no rain is negative rain. Evaporative Demand Index (EDDI) is maxing out for some areas for the last 4 weeks.”
  • 76. 7th Jan 2016 11th Nov 2018 First legal challenge against a proposed UK gas power plant for breaching climate law Client Earth objects to Drax’s planned 3.6 GW plant, which would bring consented capacity to 18 GW. HMG estimates 6 GW of demand by 2035.
  • 77. 7th Jan 2016 12th Nov 2018 Harley Davidson unveils its first electric bike – lynchpin of a major change of strategy and brand The LiveWire will lead a charge to attract younger people and women to motorcycling. (The average bike owner is 55 years old).
  • 78. 7th Jan 2016 12th Nov 2018 Candidate for first fully electric commercial plane 2.5 years from production So designers Eviation say of their 650-mile-range 9 seater Alice, one of c. 100 different electric-aircraft programs in development worldwide.
  • 79. 7th Jan 2016 13th Nov 2018 Spain targets 100% renewable electricity by 2050 and a 100% decarbonised economy soon after 90% emissions cuts from 1990 levels in Spain’s draft climate change and energy transition law. At least 3 GW wind solar p.a. in next 10 years.
  • 80. 7th Jan 2016 13th Nov 2018 G20 nations increased subsidies for fossil fuels from $75bn (£58bn) to $147bn (£114bn) 2007 to 2016 So a Climate Transparency report finds. This despite promising to phase them out 10 years ago. Of the 20, only India is on track for 2˚C. Worst are Russia, Saudi Arabia and Turkey.
  • 81. 7th Jan 2016 13th Nov 2018 Carbon budget is all used up - world has no more capacity for building fossil fuel plants: IEA “We have no room to build anything that emits CO2 emissions,” Fatih Birol tells The Guardian. This applies to the 2˚C target, never mind 1.5˚C. Existing infrastructure would “lock in” 550 gigatonnes of of carbon dioxide over the next 22 years. That leaves only 40 gigatonnes
  • 82. 7th Jan 2016 14th Nov 2018 “Delay, Deny and Deflect”: NYT investigation finds this is how Facebook’s leadership reacts to crises 50 past & present FB staff & congressional players are interviewed. Mark Zuckerberg and Sheryl Sandberg (COO) emerge guilty of systemic failings on Russian election meddling, data sharing, & hate mongering.
  • 83. 7th Jan 2016 14th Nov 2018 In the Permian shale region, activists checking methane & VOC leakage find very many violations Sharon Williams of Earthworks with her infra-red gas imaging camera in Pecos, Texas – profiled in DeSmog Blog.
  • 84. 7th Jan 2016 14th Nov 2018 “The Texas Commission on Environmental Quality (TCEQ) only monitors emissions in isolated cases….” “…..usually when we file regulatory complaints and push them to do it”: Sharon Williams. TCEQ has only 4 air monitors in the whole Permian.
  • 85. IEA now expect a dramatic oil supply crunch in the early 2020s, careful reading of WEO 2018 shows 7th Jan 2016 16th Nov 2018 US shale production cannot keep up with the depletion, they say, and even with post-2000 investment, discovery rates have been dropping…. EHOB =Extra-heavy oil and bitumen; NGLs = Natural gas liquids NPS = New Policies Scenario SDS = Sustainable Development scenario
  • 86. Jeff Bezos tells employees “Amazon is not too big to fail … In fact, I predict one day Amazon will fail.” 7th Jan 2016 16th Nov 2018 “Amazon will go bankrupt. If you look at large companies, their lifespans tend to be 30-plus years, not a hundred-plus years.”
  • 87. 7th Jan 2016 18th Nov 2018 With 71 bodies found, and >1,000 people still missing, Trump blames bad forestry management He tours the Camp Fire site and says he hasn’t changed his mind on climate change. 5,500 are still battling the blaze.
  • 88. 7th Jan 2016 18th Nov 2018 UK government using DFID money to promote fracking - & prospects for British frackers - in China Millions of aid £ spent on overseas O&G incl. 2 schemes to “export the UK’s expertise in shale gas regulation” to China, Platform reports.
  • 89. 7th Jan 2016 19th Nov 2018 Yet again the IEA makes a bewildering projection for global solar PV market (non) growth GW per year additions
  • 90. 7th Jan 2016 19th Nov 2018 Free market is not working in protecting privacy, and regulation of Big Tech is “inevitable”: Tim Cook This in interview before further scandal this week: Facebook used a PR agency to smear critics, NYT reports. Zuckerberg professes ignorance.
  • 91. 7th Jan 2016 19th Nov 2018 Solar PV & wind are now the cheapest new sources of generation in every developed country ex. Japan Excluding subsidies. So BNEF concludes in its analysis of H2 2018. Benchmark LCOE: $58 for wind (down 6%) $60 for solar PV (down 13%). The sky is the limit
  • 92. 7th Jan 2016 19th Nov 2018 Big 3 California utilities easily exceed 33% renewables mandate and will achieve 50% by 2020 Solar is top at all 3 (PG&E, SCE and SDG&E). Senate Bill 100, signed into law in September, mandates 60% RE by 2030 and 100% by 2045. The sky is the limit
  • 93. 7th Jan 2016 21st Nov 2018 “Beijing to Judge Every Resident Based on Behavior by End of 2020” Those deemed untrustworthy will be “unable to move even a single step,” according to the plan published on the city government’s website. Meeting of the Beijing Municipal City Peoples’ government
  • 94. 7th Jan 2016 23rd Nov 2018 Climate change damage to US economy will amount to hundreds of billions of $, deaths in thousands So concludes the National Climate Assessment, written by agency scientists including Nasa and the defence and energy departments.
  • 95. 7th Jan 2016 23rd Nov 2018 50 Tory MPs sign letter to PM seeking UK climate leadership via net-zero carbon emissions by 2050 Former ministers Damian Green, Oliver Letwin and Anna Soubry are among the signatories. Their aims include protection for green jobs. Simon Clarke MP, pro-Brexit Conservative, organiser of the cross-party letter
  • 96. 7th Jan 2016 23rd Nov 2018 Spark Energy becomes 7th and biggest UK supplier to go bust this year: 290k customers Simon Clarke MP, pro-Brexit Conservative, organiser of the cross-party letter More carnage expect as wholesale prices rise, with the government’s energy price cap looming. All the Big 6 are losing customers fast.
  • 97. 7th Jan 2016 26th Nov 2018 Arsenal becomes first soccer club to use battery power at stadium: 2 MW, enough for a whole match Installed by Pivot Power, the model is to buy power at cheap times, sell at expensive times, and be paid for providing services to National Grid.
  • 98. 7th Jan 2016 26th Nov 2018 NASA lands first robot to deploy instruments on the surface of another planet ….solar powered The $1 billion Insight Lander will measure heat flow and record marsquakes allowing planetary structure to be deduced. Unravelling the mysteries of Mars interior
  • 99. 7th Jan 2016 27th Nov 2018 Facebook was warned of apparent Russian data trawl in 2014, international parliamentarians told Facebook’s representative, Richard Allan, confirms a leak of this damning evidence to UK MP Damien Collins. Allan’s bosses told nobody.
  • 100. 7th Jan 2016 28th Nov 2018 Climate change is already a health emergency, say experts from 27 organizations in The Lancet Top concerns include heatwave impacts, spread of infectious diseases. “The findings are clear and the stakes could not be higher. We cannot delay action”: Tedros Ghebreyesus, World Health Organisation DG.
  • 101. 7th Jan 2016 28th Nov 2018 The Lancet Countdown 2018: Extreme heat threatens “systemic failure” of hospitals
  • 102. 7th Jan 2016 28th Nov 2018 Global food system is broken, say 130 of the world’s national academies of science and medicine Agriculture = 1/3rd of all greenhouse-gas emissions, and 1/3rd of all food produced is wasted. Radical change is needed: less meat, improved farming methods, focus on nutritious food rather than cheap food. Hunger continues to grow. In 2017, 821 million people - one in every nine - went hungry, the UK FAO reports.
  • 103. 7th Jan 2016 28th Nov 2018 EU announces it will be the first major economy to be “climate neutral” - net zero emissions - by 2050 Renewables will be 80% of electricity, 53% final energy demand. Packagewill boost economies by 2% of GDP by 2050 and reduce energy imports by >70%, saving up to €3 trillion a year. Premature air-pollution deaths will fall by >40%, saving €200bn a year in health costs. EC’s VP of the energy union Maros Sefcovic Energy Commissioner Miguel Arias Cañete
  • 104. 7th Jan 2016 28th Nov 2018 ExxonMobil to power Permian oil operations with 250MW of wind and 250MW of solar power Provider of the PPAs: Orsted, formerly Danish Oil and Natural Gas. Solar-powered fracking? It was/is only a matter of time.
  • 105. 7th Jan 2016 28th Nov 2018 Macron announces 10 year energy plan: nuclear down to 50% of electricity (from 71%) by 2035 14 reactors to close by 2035, and no new nuclear until then. Trebling of wind and 5x solar by 2030, with up to €30 bn in state subsidies. Fassenheim’s 2 reactors, the oldest, first to go
  • 106. Surface-air temperature anomaly for Jan – Oct 2018 (compared to the long term trend) 7th Jan 2016 29th Nov 2018 Last four years, 2015-18, were top 4 hottest ever: World Meteorological Organisation The 20 hottest years have all been in the last 22. If the trend continues, global average reaches 3-5˚C by 2100.
  • 107. 7th Jan 2016 29th Nov 2018 FT cites four Russian analysts prepared to say that Nord Stream 2 is not a commercial project It makes no business sense, they argue. It is a geopolitical project aiming to isolate Ukraine and boost Russian ability to project power in Europe.
  • 108. 7th Jan 2016 2nd Dec 2018 Annual climate summit (COP24) opens in Katowice, Poland, with governments needing to accelerate
  • 109. 7th Jan 2016 2nd Dec 2018 The populists are having a negative impact on the global emissions trajectory, it is widely agreed
  • 110. 7th Jan 2016 3rd Dec 2018 David Attenborough warns climate summit that civilisation will collapse if we do not act “If we don’t take action, the collapse of our civilisations and the extinction of much of the natural world is on the horizon.”
  • 111. 7th Jan 2016 3rd Dec 2018 IEA’s 23rd annual Trends in Photovoltaic Applications report tells a remarkable industrial success story Of 99 GW global total
  • 112. 7th Jan 2016 3rd Dec 2018 27 countries have reached a minimum of 1 GW of solar PV …but only one in Africa Source: IEA Trends in Photovoltaic Applications 2018 9 countries installed at least 1 GW in 2017. Cumulative per capita all years: 1. Germany 514W. 2. Japan 390W. 3. Belgium 341W. Distribution of the 403 GW of global cumulative PV power by end 2017
  • 113. 7th Jan 2016 3rd Dec 2018 Shell yields to investors and becomes first oil & gas company to set a target on carbon footprint Scope 3 targets will be set, and linked to executive pay. “It’s a massive step change”, says the Church of England Pensions Board, “a model for how [companies] can proceed.” But Shell still plans to increase gas.
  • 114. 7th Jan 2016 3rd Dec 2018 Silicon Valley is getting excited about British police getting excited about using AI to predict crime Most efforts so far have focused on forecasting where and when crime will happen, but British police seek to predict who will perpetrate it. West Midlands Police aim to produce a prototype by March 2019.
  • 115. 7th Jan 2016 4th Dec 2018 Qatar will quit OPEC Jan 1st 2019 ….to focus on gas production, energy minister says “When oil prices are too low even wealthy countries have problems with revenues, expenditure & debt, especially after peak oil”: M. Mushalik
  • 116. 7th Jan 2016 4th Dec 2018 U-turn on eco-tax in face of Yellow Vests protests sets back Macron's climate leadership agenda A petrol price increase of 4 cents a litre was enough to trigger those more generally troubled by inequality and austerity to protest and riot.
  • 117. 7th Jan 2016 4th Dec 2018 Spain announces 100% renewables target and >90% emissions reductions by 2050 The Climate Change and Energy Transition Law, which provides for retraining of fossil-fuel workers, has yet to be passed by Parliament. Teresa Ribera Minister of Energy and Ecological Transition
  • 118. 7th Jan 2016 4th Dec 2018 Xcel announces most ambitious US utility emissions target so far: carbon-free electricity by 2050 Also ups 2030 target to 80%, and believes that can be done with renewables and other clean tech available today.
  • 119. 7th Jan 2016 5th Dec 2018 Tackling climate change would save millions of lives a year, the WHO tells COP24 “Morally, delaying the [clean energy] transition is being responsible for millions of deaths every year”, WHO’s Maria Neira tells delegates.
  • 120. 7th Jan 2016 5th Dec 2018 US shale oil production keeps rising – but even at $70 oil still the drillers make no money IEEFA & Sightline report: 32 publicly traded fracking-focused companies collectively spent nearly $1 billion more on operations during Q3 than they received in sales of oil and gas. Their losing streak is now 9 years.
  • 121. 7th Jan 2016 6th Dec 2018 Emissions set to reach an all time high of 37.1bn tonnes in 2018, with cars & coal the main problems
  • 122. 7th Jan 2016 6th Dec 2018 Solar Power Europe launches major campaign to bring solar PV manufacturing back to Europe The trade body seeks at least 5GW of manufacturing, spanning the entire value chain. “The time is right”, SPE chair says.
  • 123. 7th Jan 2016 6th Dec 2018 “Central bank warnings on the global economy are getting louder”: Howard Davies “Reasons to stay awake at night are multiplying”, says the former Bank of England Deputy Governor and Chair of RBS. “The desired financial tightening in credit markets has scarcely occurred yet.”
  • 124. 7th Jan 2016 6th Dec 2018 Leaked Facebook e-mails show ruthless commercial focus, counter to public interest, led from the top So Zuckerberg wrote in a 2012 email about the possibility that developers would build applications that used data about Facebook users and their friends, but not provide any data back to FB. “That may be good for the world, but it’s not good for us…”
  • 125. 7th Jan 2016 6th Dec 2018 Microsoft asks governments to regulate the use of facial-recognition technology Brad Smith: the company wants to ensure AI does not invade personal privacy or become a tool for discrimination or surveillance. “We must ensure that the year 2024 doesn’t look like a page from the novel 1984…”
  • 126. 7th Jan 2016 7th Dec 2018 French Yellow Vests protestors are organizing in huge Facebook groups, and on Twitter Many of the most visible accounts tweeting about the Yellow Vests have a hard-right or far-right political positioning, Bloomberg reports.
  • 127. 7th Jan 2016 7th Dec 2018 “Inside China’s audacious plan for global media dominance” Since 2003 the political goals of the People’s Liberation Army have overtly included “media warfare.” Today China Global TV Network is hiring and training journalists worldwide “to tell China’s story well.”
  • 128. 7th Jan 2016 7th Dec 2018 US scientists: modern climate change “solidly in the same category” as end Permian mass extinction 96% of all oceanic species died in just a few thousands years then, from reducing oxygen in warming water. With the warming of the last 50 years, oxygen has declined 2%, and continues to drop.
  • 129. After being alerted that Tommy Robinson was using Facebook as though he was a charity, FB removed the donate button. In all my reading about this company, I have yet to encounter an example of them doing anything pro-social proactively. 7th Jan 2016 7th Dec 2018 A British fascist activist raises “several hundred thousands pounds ” online incl. via a Facebook page A Guardian investigation finds that the anti-Muslim hatemonger is financially and logistically supported by far-right US and Australian think tanks, US tech billionaire Robert Shillman, and hundredsof Russian trolls. Robinson has >1 million Facebook followers.
  • 130. 7th Jan 2016 8th Dec 2018 I delete my Facebook account and all personal data they hold, concluding they are beyond reform I urge all colleagues, friends and esteemed contacts who care about the future of liberal democracy to do the same.
  • 131. 7th Jan 2016 9th Dec 2018 50 prominent Europeans publish manifesto aiming to fight right-wing populism by tackling inequality They envisage a €800 bn a year fund (4% of EU GDP, 4 x current budget) created by taxing multinationals, millionaires and carbon emissions. Thomas Piketty, French economist, spokesperson
  • 132. 7th Jan 2016 9th Dec 2018 BlackRock, Vanguard, Axa and other investors have ramped up coal holdings since the Paris agreement So InfluenceMap finds. BlackRock, the world’s largest asset manager with $6.4tn in assets, has the largest absolute holdings in thermal coal.
  • 133. 7th Jan 2016 10th Dec 2018 Leave-funding hedge funders short retailers, betting they crash in the post-Brexit British economy Odey Asset Management, Marshall Wace & others have placed multiple hundreds of millions bets against high-street names like Debenhams.
  • 134. 7th Jan 2016 10th Dec 2018 Cut emissions or face financial crisis much worse than 2008, investors worth $32 trillion tell COP24 And the USA, Russia, and Saudi Arabia say they don’t “welcome” the IPCC 1.5˚C report, as all other governments do, they only “note” it”....
  • 135. 7th Jan 2016 10th Dec 2018 Satellite data show for the first time that many of East Antarctica’s glaciers are thinning & speeding up If all the ice were to slide or melt, it would lift global ocean height 28 metres. “That's the water equivalent to four Greenlands of ice,” says Catherine Walker of Nasa’s Goddard Space Flight Center.
  • 136. 7th Jan 2016 10th Dec 2018 “Just over a century ago, trustbusters broke up Standard Oil. The same resolve is now needed to reduce the dominance of the tech giants.” FT Lex column joins growing calls for breakup of Google and Facebook
  • 137. 7th Jan 2016 11th Dec 2018 New privacy lapse persuades Google to shut down Google+ 4 months earlier than already announced The total of users of the network whose personal data have been exposed now stands at 52 million, Google admits in a blog.
  • 138. 7th Jan 2016 11th Dec 2018 Google CEO refuses to rule out development of a censored network for China Sundar Pichai in Congressional Testimony: “We think it’s in our duty to explore possibilities to give users access to information.”
  • 139. 7th Jan 2016 11th Dec 2018 “….suggest that capitalism is substantially broken. Reluctantly, I have come to a similar conclusion.” So writes Martin Wolf, chief economics commentator at the Financial Times. “We must rethink the purpose of the corporation.”
  • 140. 7th Jan 2016 11th Dec 2018 47th tremor at Caudrilla fracking site is biggest yet, magnitude 1.5, and the first to be felt by residents This is on a par with the one that led to a 7 year moratorium on fracking in 2011. Caudrilla says they will restart after the required 18 hour pause.
  • 141. 7th Jan 2016 11th Dec 2018 Increase emissions pledges or be on an “immoral” “suicidal” path, UN chief tells climate summit António Guterres tells COP24 “to waste this opportunity would compromise our last best chance to stop runaway climate change. It would not only be immoral, it would be suicidal.”
  • 142. 7th Jan 2016 12th Dec 2018 Shenzhen has the world's first and largest fleet of fully electric buses: 16,000 of them Shenzhen Bus Group estimates 160,000 tonnes of coal saved p.a. and 440,000 tonnes of annual CO2 emissions reduced, with fuel bill halved.
  • 143. 7th Jan 2016 12th Dec 2018 Norway will have to eschew >$800 billion in “value” in a world that takes serious climate action So concludes Norway’s Climate Risk Commission: remaining oil and gas resources (55% still in place) could drop from 9 to 2 tn kroner ($233 bn).
  • 144. 7th Jan 2016 12th Dec 2018 Study finds remarkable increase in grass growth under solar array due to water retention in soil Oregon State agriculturalists find that >90% more biomass (several key grazing grasses) grows in areas partially or fully covered by solar panels.
  • 145. 7th Jan 2016 13th Dec 2018 “An energy crisis looms as forecasts ignore US shale quality”: Anas Alhajji in the FT “As a result of the mismatch between crude quality and refining capacity, we have already hit a refining wall in the US.” Next stop world.
  • 146. ”You are not mature enough to tell it like it is. Even that burden you leave to your children” 7th Jan 2016 14th Dec 2018 “If solutions within this system are so impossible to find then maybe we should change the system itself.” Greta Thunberg Age 15
  • 147. After 6 years of the divestment campaign, 1,000 divestments now sum almost to $8 trillion 7th Jan 2016 16th Dec 2018 Unity College, Maine, was the first, in 2012. The latest are major French and Australian pension funds. Widespread action by mainstream FIs means that divestment is now a clear risk to fossil fuel companies.
  • 148. Bank of England plans to test UK banks’ resilience to climate change as early as 2019 7th Jan 2016 16th Dec 2018 So Mark Carney tells the FT in an interview. This would be an unprecedented move for a central bank.
  • 149. Entering 2019, 17 known separate investigations of Trump-and-Russia are underway 7th Jan 2016 17th Dec 2018 A reminder: 69 people were charged as part of the Nixon-Watergate investigation, 48 of whom pleaded guilty or were found guilty at trial.
  • 150. Report lays bare how Facebook & Google misled Congress on extent of Russia’s meme warfare 7th Jan 2016 17th Dec 2018 The most in-depth report yet on the Internet Research Agency, for the Senate Intelligence Committee, shows enormous scale of trolls’ boosting of Trump on Facebook, YouTube, and - in particular - Instagram.
  • 151. ExxonMobil becomes the top driller in the US Permian shale, expecting growth through 2025 7th Jan 2016 17th Dec 2018 It needs to do this to replace its otherwise falling oil production, now at a 10 year low, Bloomberg reasons.
  • 152. UK government confirms it will stop tariff payments for rooftop solar generation from March 7th Jan 2016 18th Dec 2018 Minister Claire Perry said in Parliament barely two weeks ago that it would be “wrong” for solar to be exported to the grid for free. “Best British heist movie since The Brexit Job”
  • 153. “More worrying than a US-China trade war is the risk of a hot one” 7th Jan 2016 18th Dec 2018 “It is easy to imagine how a collision in the air or at sea could escalate. Casualties could fan nationalist flames on either side and cause twitchy officers, or political leaders, to respond in ways that lead rapidly to disaster.”
  • 154. New York Times investigation is worst Facebook revelation yet: data access for 150 companies 7th Jan 2016 19th Dec 2018 “The special arrangements are detailed in hundreds of pages of Facebook documents obtained by The New York Times.” ….+ interviews with c. 50 former employees of FB and its corporate partners. Big questions about 2011 consent agreement with the FTC.
  • 155. “Why Should Anyone Believe Facebook Anymore?” 7th Jan 2016 19th Dec 2018 ….“It's hard to process this without finally realizing what it is that's made us so angry with Silicon Valley, and Facebook in particular, in 2018: We feel lied to, like these companies are playing us, their users, for chumps, and they're also laughing at us for being so naive.” Fred Vogelstein: “There's a simple takeaway from all this, and it’s not a pretty one: Facebook is either a mendacious, arrogant corporation in the mold of a 1980s-style Wall Street firm, or it is a company in much more disarray than it has been letting on.” ….Or, of course, both
  • 156. Washington DC sues Facebook for letting Cambridge Analytica access peoples’ data without permission 7th Jan 2016 19th Dec 2018 “Facebook failed to protect the privacy of its users and deceived them about who had access to their data and how it was used.” Karl Racine, District of Columbia attorney general
  • 157. 7th Jan 2016 20th Dec 2018 “Investors in the European electricity lost half their money by the time the renewable challengers made up just 4% of electricity supply, and underperformed the • They followed consensus thinking and expected continued growth. • They underestimated the fall in the costs of challenging technologies. • They underestimated the ingenuity of engineers at finding ways to solve bottlenecks. • They misunderstood the threat to their business model from marginal change. They thought incumbency was an asset, but it turned out to be a liability. The oil and gas companies are in the process of making the same 5 mistakes the utility industry did
  • 158. US and UK accuse Chinese government of sustained hacking campaign as 2 are indicted in the USA 7th Jan 2016 20th Dec 2018 Chinese hackers accused of obtaining unauthorised access to the computers of at least 45 entities, including commercial and defence technology companies and US
  • 159. “Google’s Earth: how the tech giant is helping the state spy on us”: The Guardian 7th Jan 2016 20th Dec 2018 “This mixing of military, police, government, public education, business and consumer- facing systems – all funnelled through Google – continues to raise alarms.” “In 2006, Google Federal went on a hiring spree, snapping up managers and salespeople from the army, air force, CIA….” “…while Google’s PR team did its best to keep the company wrapped in a false aura of altruism, company executives pursued an aggressive strategy to become the Lockheed Martin of the internet age.”
  • 160. “US shale’s financial blanket at risk of wearing thin in 2019” 7th Jan 2016 23rd Dec 2018 The Federal Reserve signalling higher interest rates threatens access to debt, and the plunging share prices of O&G companies threatens equity.
  • 161. Big Tech hires senior US Department of Justice officials in anticipation of antitrust battles 7th Jan 2016 23rd Dec 2018 Amazon, Facebook and others gear up for what “experts warn could be an ‘existential’ battle over whether they should be broken up” (FT).
  • 162. Campaign finance not Russian collusion to topple Trump? “Here, apparently, we care about neither” 7th Jan 2016 23rd Dec 2018 Carole Cadwalladr: “The wider questions about the multiple crimes and alleged crimes – nine serious or criminal investigations now in all – committed during the referendum remain a side show.”
  • 163. “President Trump and President Putin could end the world today…” 7th Jan 2016 23rd Dec 2018 “…and there’s little any of us could do to stop them. What’s worse is that’s the way we designed it”: Alexandra Bell, senior policy director at the Centre for Arms Control and Non-proliferation. Defense Secretary James Mattis, “the last adult in the White House”, has just resigned.
  • 164. “The depressing reality about climate change is that we could solve the problem, at manageable cost, but are failing to do so”: FT Editorial Board 7th Jan 2016 26th Dec 2018 “The self-deception comes from those who accept the reality, but only pretend to solve it. …The tragedy is that while the scientists and technologists have won the argument, the climate sceptics and deniers have effectively won the policy debate.” “This failure is due to a mixture of blindness and self-deception. The blindness comes from those, such as US president Donald Trump, who deny the reality of climate change.” Howblind do you have to be?
  • 165. “Investment in low-carbon energy remains poor for oil majors” 7th Jan 2016 27th Dec 2018 Harry Brekelmans of Shell tells the FT that a key frustration for energy companies such as Shell is that many see only one pathway for decarbonisation — the elimination of fossil fuels — rather than more “realistic” options. Disclosed low carbon investment as a proportion of total capital spend, 2010 to Q3 2018
  • 166. 7th Jan 2016 28th Dec 2018 He donated nearly £900,000 to Leave campaigns, and wants Boris Johnson to replace Theresa May. (Presumably to up the crisis levels). Crispin Odey boasts that each day of Brexit-related political crisis is a “good day” for his hedge fund
  • 167. 7th Jan 2016 30th Dec 2018 Browne, the former chair of Caudrilla and the current chair of an oil and gas investment vehicle owned by Russian oligarch Mikhail Fridman, cites CCS as the top action needed, and does not mention clean-energy investment. “The energy industry must engage with climate change” - John Browne op-ed in the FT
  • 168. 7th Jan 2016 30th Dec 2018 “Predictions at the start of 2018 generally held that demand would keep growing until 2022 or later.” “Combustion engine car sales to hit peak demand in 2018, say analysts”

Editor's Notes

  1. https://www.ft.com/content/3bf1dde2-c2ec-11e8-95b1-d36dfef1b89a Image: screenshot from SCMP website
  2. https://uk.reuters.com/article/uk-denmark-autos/denmark-embraces-electric-car-revolution-with-petrol-and-diesel-ban-plan-idUKKCN1MC151 Image: ChargedEV
  3. https://www.wsj.com/graphics/climate-change-forcing-insurance-industry-recalculate/ Images: from article
  4. https://www.climatebonds.net/resources/reports/bonds-and-climate-change-state-market-2018 Images: from report
  5. http://www.theguardian.com/business/2018/oct/03/world-economy-at-risk-of-another-financial-crash-says-imf Image: screenshot of IMF video
  6. http://report.ipcc.ch/sr15/pdf/sr15_spm_final.pdf Image: Climate Home
  7. http://report.ipcc.ch/sr15/pdf/sr15_spm_final.pdf Image: adapted from report
  8. https://www.bloomberg.com/news/articles/2018-10-09/big-oil-could-reap-windfall-on-fossil-fuel-limits-goldman-says Image: Stepping Up
  9. http://www.theguardian.com/business/2018/oct/09/shell-ben-van-beurden-mass-reforestation-un-climate-change-target Images: from Shell website
  10. http://www.theguardian.com/environment/2018/oct/09/dutch-appeals-court-upholds-landmark-climate-change-ruling Image: Urgenda
  11. https://www.pv-tech.org/news/solarcentury-sells-80-stake-in-spanish-subsidy-free-plant
  12. http://www.theguardian.com/environment/2018/oct/10/huge-reduction-in-meat-eating-essential-to-avoid-climate-breakdown Images: screenshot of BBC video, Diabetes UK
  13. https://www.carbontracker.org/reports/nowhere-to-hide/ Images: from report
  14. http://www.theguardian.com/environment/2018/oct/12/anti-fracking-campaigner-loses-legal-bid-to-block-cuadrilla
  15. https://www.ft.com/content/326d7228-cb83-11e8-b276-b9069bde0956 Image: from FT
  16. http://www.theguardian.com/us-news/2018/oct/10/michael-hurricane-latest-updates-winds-weather-flood-evacuations
  17. https://www.economist.com/leaders/2018/10/11/londons-financial-flows-are-polluted-by-laundered-money Image: map from Corporation of London website
  18. https://www.theguardian.com/world/2018/oct/12/recordings-prove-jamal-khashoggi-killed-turkish-investigators-claim http://www.theguardian.com/commentisfree/2018/oct/10/jamal-khashoggi-disappearance-trend-fight Image: Screenshot Youtube video
  19. http://www.theguardian.com/world/2018/oct/12/saudi-arabia-fii-conference-withdrawal-jamal-khashoggi Image: screenshot of al-Jazeera video
  20. http://www.theguardian.com/technology/2018/oct/08/google-plus-security-breach-wall-street-journal Image: engadgetUK
  21. http://www.theguardian.com/uk-news/2018/oct/14/met-police-damian-collins-no-investigation-leave-campaigners-data-misuse Image: ABC News
  22. https://www.bbc.com/news/uk-england-lancashire-45825268 Image: from BBC website
  23. http://www.theguardian.com/environment/2018/oct/15/banks-will-not-be-forced-to-reveal-climate-change-risks-they-face Image:
  24. https://www.ft.com/content/097ff758-cec3-11e8-a9f2-7574db66bcd5 Image: InsideEVs.com
  25. https://www.wired.com/story/amazons-jeff-bezos-says-tech-companies-should-work-with-the-pentagon/ Image: screenshot of Bloomberg video on history of Amazon
  26. http://www.theguardian.com/environment/2018/oct/15/banks-will-not-be-forced-to-reveal-climate-change-risks-they-face Image: File on 4 website, adapted
  27. http://www.theguardian.com/business/2018/oct/16/scottish-power-wind-drax-sale-uk-energy-firms http://www.theguardian.com/environment/2018/oct/19/scottishpower-to-invest-in-solar-energy-for-the-first-time Image: screenshot from company website
  28. http://www.theguardian.com/world/2018/oct/16/us-china-new-cold-war-tensions Image: US Navy
  29. http://www.theguardian.com/business/2018/oct/17/bank-of-england-high-risk-lending-leveraged-loans Image: Wharton Business School
  30. http://www.theguardian.com/environment/2018/oct/17/court-quashes-excessive-sentences-of-fracking-protesters Image: screenshot of Guardian video
  31. Image: from Schellnhuber’s presentation
  32. https://www.ft.com/content/c7295ae6-d2cf-11e8-a9f2-7574db66bcd5 Image: FT, from article
  33. https://twitter.com/nowthisnews/status/1052855052866478080/video/1 Image: screenshot of video
  34. https://www.ft.com/content/700e9ef4-d268-11e8-a9f2-7574db66bcd5
  35. https://www.ft.com/content/adb8ff6c-d392-11e8-a9f2-7574db66bcd5
  36. Image: Dionne Gain, Sydney Morning Herald
  37. https://www.washingtonpost.com/world/saudi-electronic-army-floods-twitter-with-insults-and-mistruths-after-khashoggis-disappearance/2018/10/19/98044874-d311-11e8-a4db-184311d27129_story.html Image: biyokulule.com
  38. https://www.iea.org/efficiency2018/ Images: from report
  39. https://www.solarpowerportal.co.uk/news/poll_shows_brits_support_eu_regulation_to_pay_solar_generators_for_export_i Image: screenshot from IKEA website
  40. https://www.solarpowerportal.co.uk/news/poll_shows_brits_support_eu_regulation_to_pay_solar_generators_for_export_i Image: Greenpeace
  41. http://www.theguardian.com/environment/climate-consensus-97-per-cent/2018/oct/26/canada-passed-a-carbon-tax-that-will-give-most-canadians-more-money Image: Toronto Sun
  42. http://www.theguardian.com/news/2018/oct/26/worlds-billionaires-became-20-richer-in-2017-report-reveals
  43. https://www.solarpowerportal.co.uk/news/poll_shows_brits_support_eu_regulation_to_pay_solar_generators_for_export_i Image: Greenpeace
  44. https://www.ft.com/content/7980e98e-d8b6-11e8-a854-33d6f82e62f8 Image: screenshot from Waymo website
  45. http://www.theguardian.com/environment/2018/oct/28/fracking-turning-country-tories-zac-goldsmith-conservative-drilling Image: Evening Standard
  46. https://www.bloomberg.com/news/articles/2018-10-29/bhp-biggest-miners-are-starting-to-drive-evs-deep-underground Image: Kirkland Lake Gold Ltd.
  47. https://www.bloomberg.com/news/articles/2018-10-29/wind-sun-to-strand-60-billion-of-coal-assets-in-southeast-asia
  48. https://www.thetimes.co.uk/article/fracking-company-cuadrilla-wants-relaxation-of-quake-rules-0rclzdvxh https://www.theguardian.com/environment/2018/oct/29/strongest-tremor-yet-halts-fracking-at-cuadrilla-site-near-blackpool Image: BBC Twitter
  49. http://www.theguardian.com/environment/2018/oct/30/humanity-wiped-out-animals-since-1970-major-report-finds Image: New Scientist on Twitter.
  50. http://www.climatechangenews.com/2018/10/31/gas-companies-face-californian-wipe-say-sp-moodys/ Image: Psomas
  51. http://www.theguardian.com/world/2018/oct/31/drones-vaccines-vanuatu-trial Image: Wandermelon
  52. https://thebulletin.org/nuclear-notebook-multimedia/ Image: from article
  53. https://www.bbc.com/news/science-environment-46046067 Image: tes teach
  54. https://www.solarpowerportal.co.uk/blogs/uk_subsidy_free_solar_to_commence_in_2019 Image: from article
  55. https://www.independent.co.uk/news/uk/politics/fracking-conservatives-shale-gas-planning-mark-menzies-zac-goldsmith-a8613276.html Image: screenshot from Rowley’s website
  56. https://www.independent.co.uk/news/uk/politics/fracking-conservatives-shale-gas-planning-mark-menzies-zac-goldsmith-a8613276.html Image: from Twitter posting by an employee
  57. https://www.lazard.com/media/450784/lazards-levelized-cost-of-energy-version-120-vfinal.pdf https://pv-magazine-usa.com/2018/11/09/lazards-lazards-lcoe-whos-the-cheapest-energy/ Image: from report, adapted
  58. https://www.gogla.org/global-off-grid-solar-market-report Image: from report
  59. https://www.gogla.org/global-off-grid-solar-market-report Image: from report
  60. https://www.gogla.org/global-off-grid-solar-market-report Image: from report
  61. https://www.iea.org/sdg/ https://qz.com/africa/1447621/africa-electrification-rate-slowest-globally/ Image: from IEA website
  62. https://www.independent.co.uk/news/uk/politics/fracking-conservatives-shale-gas-planning-mark-menzies-zac-goldsmith-a8613276.html Image: screenshot from Rowley’s website
  63. https://www.ft.com/content/99d5c50a-30bf-39c0-b67d-6752abd7e53d
  64. http://www.theguardian.com/technology/2018/nov/05/tim-berners-lee-launches-campaign-to-save-the-web-from-abuse Image: CNBC screenshot
  65. http://www.theguardian.com/environment/2018/nov/06/uk-renewable-energy-capacity-surpasses-fossil-fuels-for-first-time https://www.businessgreen.com/bg/news/3065802/brexit-sparks-slide-in-uk-clean-energy-investment Image: from article, adapted
  66. https://www.ft.com/content/af6915c8-e2eb-11e8-a6e5-792428919cee Image: from article, adapted
  67. https://www.businessgreen.com/bg/news-analysis/3065911/beis-attitudes-tracker-support-for-fracking-falls-to-15-per-cent Image: Greenpeace
  68. https://www.ft.com/content/fa7893bc-9175-11e8-b639-7680cedcc421 Image: From article
  69. https://thehill.com/policy/energy-environment/415862-judge-blocks-keystone-xl-pipeline Image: screenshot of CNBC video
  70. https://www.bbc.com/news/technology-46136504 Image: YouTube
  71. https://www.ft.com/content/4f427fa2-e284-11e8-a6e5-792428919cee Image: FT
  72. https://www.theguardian.com/world/2018/nov/10/autonomous-drones-that-decide-who-they-kill-britain-funds-research Image: Crown Copyright
  73. http://www.theguardian.com/world/2018/nov/09/california-fires-malibu-evacuations-latest-news-updates-today Image: screenshot from Guardian video
  74. https://www.wired.com/story/the-terrifying-science-behind-californias-massive-camp-fire/ Image: from article
  75. http://www.theguardian.com/business/2018/nov/11/drax-uk-gas-power-station-environmental-objection-climate Image: From Drax website
  76. https://www.cnbc.com/2018/11/09/harley-davidsons-electric-motorcycle-is-a-big-change-for-the-company.html Image: Harley Davidson
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  78. http://www.theguardian.com/environment/2018/nov/13/spain-plans-switch-100-renewable-electricity-2050 Image: Solarcentury
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  157. https://www.ft.com/content/e89163f8-0241-11e9-99df-6183d3002ee1 Image: www.corporateforeignpolicy.com
  158. http://www.theguardian.com/uk-news/2018/dec/23/cambridge-analytica-facebook-scoop-carole-cadwalladr-shocked-world-truth-still-elusive Image: screenshot of article
  159. https://www.theguardian.com/us-news/2018/dec/23/donald-trump-government-shutdown-syria-mattis-mcgurk-yemen Image: BBC news video screenshot
  160. https://www.ft.com/content/df47339c-0433-11e9-9d01-cd4d49afbbe3
  161. https://www.ft.com/content/9421ea96-01e1-11e9-9d01-cd4d49afbbe3 Image: screenshot of article
  162. http://www.theguardian.com/business/2018/dec/28/crispin-odey-hedge-fund-bets-against-uk-economy-brexit-profit-falls Image: screenshot of YouTube clip
  163. https://www.desmog.co.uk/2015/03/05/cuadrilla-chair-lord-browne-leaves-fracking-firm-join-russian-oligarch-s-oil-company Image: screenshot of Bloomberg video clip
  164. https://www.ft.com/content/62506c24-0aae-11e9-9fe8-acdb36967cfc Image: www.i-zoom.net