UN summit: Businesses and investors pressing for green policy

Repost from The Associated Press

Businesses and investors pressing for green policy

By Johathan Fahey, AP Energy Writer, September 22, 2014
AP Photo
In this Saturday, Jan. 10, 2009, file photo, a flock of geese fly past a smokestack at the Jeffery Energy Center coal power plant near Emmitt, Kan. Hundreds of corporations, insurance companies and pension funds are calling on world leaders gathering for a U.N. summit on climate change this week to attack the problem by making it more costly for businesses to pollute. (AP Photo/Charlie Riedel, File)

NEW YORK (AP) — Hundreds of corporations, insurance companies and pension funds are calling on world leaders gathering for a U.N. summit on climate change this week to attack the problem by making it more costly for businesses and ordinary people to pollute.

The idea, long advocated by policymakers, economists and environmental activists, is that the world can’t hope to slow the heating of the planet until its cost is incorporated into the everyday activities that contribute to it, such as using gas- or coal-generated electricity, driving a car, shipping a package or flying around the globe.

Business leaders representing trillions of dollars in revenue and retirement savings say they worry that global warming threatens the long-term value of their investments, and they want world leaders to adopt policies that would provide a financial incentive to people to clean up their act.

That could include a tax on carbon emissions, a cap or some other mechanism.

“There’s a market failure that needs to be fixed,” said Anne Simpson, senior portfolio manager and director of global governance at the $300 billion California Public Employees’ Retirement System, the largest public pension fund in the U.S.

Despite a broad consensus that something needs to be done, it has been impossible so far for global leaders to agree on how to implement what amounts to a price on pollution, because energy is so important for economic growth.

“It may be easier to get large businesses to agree that something should be done than to get them to coalesce around specific policy measures,” said Michael Levi, senior fellow for energy and the environment at the Council on Foreign Relations.

At Tuesday’s U.N. summit, 120 world leaders will try to summon some of the considerable political will required if a new climate treaty is to be reached at international negotiations next year in Paris. The one-day summit is part of U.N. Secretary-General Ban Ki-moon’s push to help world leaders to reach a goal they set in 2009: prevent Earth’s temperature from rising more than 2 degrees Fahrenheit (1.1 degrees Celsius) from where it is now.

On Sunday, scientists announced that the world set another record last year for the amount of carbon pollution spewed into the atmosphere.

Ahead of the summit, business leaders such as Apple’s Tim Cook renewed or expanded pledges to help the planet by running their businesses more efficiently, investing in renewable energy or pulling their investments from fossil fuel companies.

Last week, CalPERS and other big asset-holders such as the insurance and financial firms Allianz, BlackRock and AXA Group called for a “meaningful” price on carbon emissions. The World Bank said Monday that 73 countries and more than 1,000 companies have expressed their support for a price on carbon.

Also on Monday, a parade of business and political leaders tried to rally support in a series of speeches in New York.

“It doesn’t cost more to deal with climate change; it costs more to ignore it,” said Secretary of State John Kerry.

Cook said customers care about the planet and will “vote with their dollars” for sustainably produced products. He outlined the steps Apple is taking to reduce the carbon emissions of its products and its supply chain, and called for broader action.

“The long-term consequences of not addressing climate change are huge,” he said. “I don’t think anyone can overstate that.”

While many insist a transition to a cleaner economy can boost economic growth or at least not harm it, many worry it would slow the global economy and make it more difficult for people in developing nations to get access to even basic electricity and transportation. Even those who agree that the transition must take place can’t agree on how to do it.

The International Energy Agency estimates that $1 trillion per year must be invested through 2050 in clean energy in order to keep global temperatures from rising past a level that scientists consider especially dangerous.

Charging a price for carbon emissions could prod polluters to change their ways by making it in their financial self-interest to do so. It would make fossil fuel investments less profitable and therefore less attractive. And it would make clean energy more lucrative.

A host of new investment vehicles are already making it easier for investors and others to sink their money into renewable projects. The market for so-called green bonds – tax-free bonds that fund clean energy, energy efficiency or other sustainable projects – is expected to at least double to $20 billion this year, for example.

Last week the $188 billion California Teachers’ Retirement System announced its intention to boost its investment in clean energy and technology to $3.7 billion from $1.4 billion over the next five years and said that could rise to $9.5 billion with changes in policy. Warren Buffet has said he is looking to double his $15 billion in investments in wind and solar projects.

On another front, a group of activists is calling on foundations and endowments to reduce or eliminate investments in fossil fuel-related companies and direct that money toward clean energy. The group, the Divest-Invest Coalition, said Monday that foundations representing $50 billion in assets have signed on, though the fossil-fuel investments in those portfolios are a very small percentage of the total.

Despite these signs, annual global investment in clean energy is only a quarter of what the IEA estimates is required.

“We’re moving tens or even hundreds of billions, but we’re looking at a $1 trillion every year, and if we’re looking at $1 trillion, we need policy,” said David Pitt-Watson, chairman of the U.N. Environment Program’s Finance Initiative.

May 9 derailment in Colorado: TV news expose

Repost from KDVR Fox31 Denver
[Editor: This investigative report details a May 9,  2014 derailment and a previous derailment in the exact same location, highly toxic benzene contamination of groundwater and slow notification of local first responders by Union Pacific.  (Apologies for the video’s commercial content.)  – RS] 

Derailed: Railroad delays first responders on riverside oil spill

September 22, 2014, by Chris Halsne

DENVER — FOX31 Denver has confirmed a May 9 crude oil train car derailment near LaSalle, Colorado polluted area groundwater with toxic levels of benzene.

Environmental Protection Agency records from July show benzene measurements as high as 144 parts per billion near the crash site. Five parts per billion is considered the safe limit.

Federal accident records also show six Union Pacific tankers ripped apart from the train and flipped into a ditch due to a “track misalignment caused by a soft roadbed.” One of the tankers cracked and spilled approximately7,000 gallons of Niobrara crude, according to the EPA.

FOX31 Denver’s investigative team also confirmed the oil car accident location, only about 75 yards from the South Platte River, is in the same spot as another Union Pacific derailment four years ago.

Reports show four rail cars full of wheat/grain derailed in October 2010. The cause of that accident was very similar: “roadbed settled or soft” and “other rail and joint bar defects.”

“They did have a derailment at the exact same point. I mean within feet!” witness Glenn Werning, a nearby farmer and local water supervisor, told FOX31 Denver investigative reporter Chris Halsne.

Werning wonders if Union Pacific was negligent in repairing the area after the first crash telling Halsne, “It would have been devastating if it had gotten into the water and flowed down. It would have been, whew! The oil spill would have been a mess to clean up because it would have been on both sides of the river for miles.”

Union Pacific declined FOX31 Denver’s repeated requests for an on-camera interview, but a spokesperson, Mark Davis, sent a statement which says in part:

“The line where the derailment occurred is visually inspected one time per week. The maximum speed limit on the line is 20 mph.  Prior to the derailment the track was visually inspected on April 26, April 28, May 1 and May 5 with no exceptions taken. Our track team visually inspects about 15,500 miles of track daily on our 32,000 mile network in 23 states – this translates into 5.7 million miles annually of visional track inspections.”

There is currently no way to double-check the accuracy or completeness of Union Pacific’s statement because private railroads are allowed to conduct their own safety inspections and keep such records private.

Federal law only allows the Federal Railroad Administration to audit railroad inspections to make sure “the owner of the track” is conducting them appropriately.

However, at least in Colorado, that has not been done for at least three years.

FOX31 Denver’s investigative team sent Freedom of Information Act requests asking how often the FRA audited private railroad safety inspections in Colorado. The answer: From January 1, 2012 to March, 2014 is zero.

San Francisco-based Environmental Attorney and Sierra Club activist, Devorah Ancel, says the fact that private railroads conduct their own rail line and rail car safety inspections with very little federal oversight is a growing problem.

Ancel told FOX31 Denver, “The rail industry wants to get as much of this crude to market as quickly as possible. The more the federal government cracks down on safety standards, inspections, on audits, the more they are going to push back because it`s going to affect their bottom line.”

Ancel is part of a group also pressing the Department of Transportation for improvements in the design of hazardous liquid-carrying rail cars. Currently most crude oil travels across tracks in older-model containers called DOT 111’s.

According to federal authorities, the Union Pacific oil tanker which rolled, cracked and then spewed thousands of gallons of crude onto the ground in May’s accident is considered a DOT 111 design.

“This is extremely volatile crude. The tank cars have thin shells. They have thin head shields that are known to puncture during derailment. They have valves that sheer off and puncture during derailment,” Ancel says.

As if multiple derailments in the same place, unverified safety inspections, and outdated oil tanker containers were not enough of a reason for public concern, FOX31 Denver also discovered that Union Pacific officials are being accused of delaying telling local emergency responders about the latest oil car derailment.

According to Weld County Emergency Manager Roy Rudisill, Union Pacific first rallied its own crews to the scene before putting local firefighters in the loop.

Halsne asked, “Were they a little late to let you know?” Rudisill answered, “In my opinion, yes!”

We checked. According to a federal report, the accident happened at around 8 a.m. on May 9.

FOX31 Denver pulled call logs surrounding the accident and found Union Pacific first notified the state Division of Homeland Security and Emergency Management at 9:10 am.

Radio traffic shows Weld County fire crews and emergency managers were still scrambling another hour later, trying to figure out exactly where the accident had occurred and whether oil was leaking into the South Platte River.

Rudisill told FOX31 Denver, “A quicker phone call, quicker communication, faster communication to local jurisdiction would have been prudent in my opinion. Now we’ve had two incidents out there. What can we do to make sure the proper actions are taking place so we don’t have another one?”

Werning hates to lay blame entirely on Union Pacific admitting “accidents do happen,” but he`s closely watching their latest track repair efforts, never again wanting to count on “pure luck” as a disaster prevention plan.

“Had they perhaps done a better repair (after the first derailment), they wouldn`t have dropped those cars,” Werning said.

The Environmental Protection Agency said it continues to monitor the groundwater contamination issue. Monitoring wells have been installed in the area surrounding the oil spill. Benzene is a common chemical in oil and gasoline and it does naturally dissipate over time.

Fed GAO report critical of Department of Transportation, warns of more accidents

Repost from NBC News

More Fiery Oil Train, Pipeline Accidents Unless Government Acts: Report

September 22, 2014

If the U.S. doesn’t quickly address the safe transportation of oil and gas, Americans could pay the price with more fiery train and pipeline accidents, according to a report released Monday by the Government Accountability Office.

“Without timely action to address safety risks posed by increased transport of oil and gas by pipeline and rail, additional accidents that could have been prevented or mitigated may endanger the public and call into question the readiness of transportation networks in the new oil and gas environment,” found the report.

The GAO report focused on the safety of moving crude oil by train and the growing network of “gathering lines,” largely unregulated natural gas pipelines. Both have been subjects of recent investigations by NBC News. The GAO determined that the Department of Transportation had “not kept pace with the changing oil and gas transportation environment.”

Oil and gas production in the U.S. increased more than fivefold between 2007 and 2012, a boom brought on by technological advances in drilling and hydraulic fracturing, or “fracking.” Vast volumes of oil and gas production soon outstripped the pipeline infrastructure in place to move them.

Crude producers began to load their oil on trains. More than 400,000 carloads of crude ran over North American rails in 2013, up from just 9,500 in 2008. But a series of explosive wrecks have raised concern about the safety of oil trains — the worst, a 2013 derailment outside a small Quebec town, killed nearly 50 people.

A 2013 NBC News investigation found regulators had long known that the tank cars used to ship oil were vulnerable to rupture in an accident.

The DOT has since issued proposed rules to improve the train cars that carry oil. In its report, the GAO applauded the move, but emphasized safety improvements must go beyond the cars, including testing the makeup of the oil, which the DOT has said is particularly flammable.

The GAO also warned better oversight was needed over the growing network of “gathering pipelines” that move natural gas from the well. In August, an investigation by NBC News found that 250,000 miles of these lines are in rural areas and subject to little or no federal or state safety oversight, despite sometimes running beside homes.

Global marches draw attention to climate change

Repost from The San Francisco Chronicle

Global marches draw attention to climate change

By VERENA DOBNIK and MICHAEL SISAK, Associated Press, September 22, 2014
People protest for greater action against climate change during the People's Climate March on September 21, 2014 in New York City. The march, which calls for drastic political and economic changes to slow global warming, has been organized by a coalition of unions, activists, politicians and scientists. Photo: Andrew Burton, Getty Images
People protest for greater action against climate change during the People’s Climate March on September 21, 2014 in New York City. The march, which calls for drastic political and economic changes to slow global warming, has been organized by a coalition of unions, activists, politicians and scientists. | Photo: Andrew Burton, Getty Images

NEW YORK (AP) — Tens of thousands of activists walked through Manhattan on Sunday, warning that climate change is destroying the Earth — in stride with demonstrators around the world who urged policymakers to take quick action.

Starting along Central Park West, most came on foot, others with bicycles and walkers, and some even in wheelchairs. Many wore costumes and marched to drumbeats. One woman played the accordion.

But their message was not entertaining:

“We’re going to lose our planet in the next generation if things continue this way,” said BertGarskof, 81, as a family member pushed his wheelchair through Times Square.

He had first heard about global warming in 1967, “when no one was paying much attention,” said Garskof, a native New Yorker and professor of psychology at Connecticut’s Quinnipiac University.

Organizers said more than 100,000 marched in New York, including actors Mark Ruffalo and Evangeline Lilly. They were joined in midtown Manhattan by United Nations Secretary-General Ban Ki-moon, former Vice President Al Gore and New York City Mayor Bill de Blasio.

On Tuesday, more than 120 world leaders will convene for the United Nations Climate Summit aimed at galvanizing political will for a new global climate treaty by the end of 2015.

“My sense is the energy you see on the streets, the numbers that have amassed here and in other cities around the world, show that something bigger is going on, and this U.N. summit will be one of the ones where we look back and say it was a difference maker,” de Blasio said.

Ban agreed.

“Climate change is a defining issue of our time and there is no time to lose,” he said. “There is no Plan B because we do not have planet B. We have to work and galvanize our action.”

The New York march was one of a series of events held around the world to raise awareness about climate change.

In London, organizers said 40,000 marchers participated, while a small gathering in Cairo featured a huge art piece representing wind and solar energy. In Rio de Janeiro, marchers at Ipanema Beach had green hearts painted on their faces.

Celebrities in London including actress Emma Thompson and musician Peter Gabriel joined thousands of people crossing the capital’s center, chanting: “What do we want? Clean energy. When do we want it? Now.”

“This is important for every single person on the planet, which is why it has to be the greatest grass roots movement of all time,” Thompson said. “This is the battle of our lives. We’re fighting for our children.”

In New York, a contingent came from Moore, Oklahoma, where a massive tornado killed 24 people last year, as did hundreds of people affected by Superstorm Sandy, which the U.S. National Oceanic and Atmospheric Administration and the British meteorological office said was made more likely by climate change.

In Australia, the largest rally was in Melbourne, where an estimated 10,000 people took to the streets with banners and placards calling on their government to do more to combat global warming.

Australian Prime Minister Tony Abbott was a particular target of the protesters. Abbott’s center-right coalition has removed a carbon tax and has restricted funding for climate change bodies since coming to power last year.

Associated Press writer Sylvia Hui in London contributed to this report.

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