Tag Archives: Fossil fuel divestment

Big Oil, Fossil fuel divestment, Natural gas, Sensitive wildlife habitats

North America’s Oil And Gas Industry Has Taken Over 7 Million Acres Of Land Since 2000

Repost from Think Progress’s Climate Progress

North America’s Oil And Gas Industry Has Taken Over 7 Million Acres Of Land Since 2000

By Katie Valentine, April 24, 2015 at 12:28 pm

Millions of acres of land across the U.S. and Canada has been taken over by oil and gas development in the last 12 years, according to a new study.

The study, published Friday in Science, tallied up the amount of land that’s been developed to house drilling well pads, roads, and other oil and gas infrastructure in 11 U.S. states and three Canadian provinces. It found that between 2000 and 2012, about 3 million hectares (7.4 million acres) have been turned over to oil and gas development, a stretch of land that, combined, is equal to three Yellowstone National Parks.

This land takeover can have ecological consequences, according to the report.

“Although small in comparison with the total land area of the continent, this important land use is not accounted for and creates additional pressures for conserving rangelands and their ecosystem functions,” the report states. “The distribution of this land area has negative impacts: increasing fragmentation that can sever migratory pathways, alter wildlife behavior and mortality, and increase susceptibility to ecologically disruptive invasive species.”

Most of the land converted into drilling operations was cropland and rangeland — a term that encompasses prairies, grassland, shrubland, and other ecosystem types — and roughly 10 percent was woodland. Wetlands, according to the report, were mostly spared by oil and gas developers, though a very small amount have been converted into oil and gas sites.

CREDIT: Science/AAAS

Land takeover due to oil and gas development can have a number of negative consequences, the report states. It removes vegetation that’s important for food, habitat, and carbon storage, and it also fragments ecosystems in such a way that can disrupt the natural behavior of wildlife.

According to the report, oil and gas development reduced the study area’s net primary production (NPP) — the rate at which an ecosystem produces plant biomass, which the report calls “a fundamental measure of a region’s ability to provide ecosystem services” — by 4.5 teragrams (9,920,801,798 pounds). The amount of vegetation lost from rangelands amounts to about five million animal unit months (the amount of vegetable forage required to feed an animal for one month), which “is more than half of annual available grazing on public lands managed by the U.S. Bureau of Land Management.”

“The loss of NPP is likely long-lasting and potentially permanent, as recovery or reclamation of previously drilled land has not kept pace with accelerated drilling,” the report states.

Steve Running, co-author of the study and ecology professor at the University of Montana, told Midwest Energy News that the upward trend of oil and gas development is concerning in terms of land use, especially if serious efforts to reclaim land aren’t taken.

“The point we’re trying to make with this paper is not so much that some huge fraction of current land area has been de-vegetated, as much as the trajectory of drilling, (consuming) a half-million acres per year,” he said. “If we continue that to 2050, you get to some seriously big amounts of land.”

CREDIT: Science/AAAS

Right now, there’s not much known about to what extent oil and gas areas in the U.S. are being reclaimed after they’ve been developed, said Samuel D. Fuhlendorf, another co-author of the report from Oklahoma State University. And, he said, there isn’t much work at the federal or state level to regulate or enforce this reclamation. Some states — including Pennsylvania, Ohio, North Dakota, and West Virginia — do require oil and gas companies to submit plans for reclaiming land after they’re done drilling. But others, like Colorado, don’t require these plans.

“You’d expect there would be both state- and federal-level policy,” Running told Midwest Energy News. “But we’re not aware of a clear policy on this. We don’t see any active discussion or regulatory planning of how that’s going to be done, who will do it and when it will be done. Beyond policy, is there actual enforcement. We are not aware that any state or federal policies are actively following this.”

Climate Change, Fossil fuel divestment

Tufts students stage sit-in to urge fossil fuel divestment

Repost from The Boston Globe
[Editor: For more on fossil fuel divestment, see 350.org and GoFossilFree.org.  See also The Daily Mail: “Hydrogen fuel breakthrough: Clean power generated WITHOUT relying on fossil fuels” – RS]

Tufts students stage sit-in to urge fossil fuel divestment

By Aneri Pattani, April 22, 2015
Students protested Tufts University’s fossil fuel investment at the president’s office. David L Ryan/Globe staff

Tufts University students and alumni entered the university president’s office Wednesday morning and began a sit-in, vowing to persist until the administration commits to fossil fuel divestment.

The protest began just before 9 a.m. when members of the student group Tufts Climate Action entered president Anthony Monaco’s office in Ballou Hall, said Shana Gallagher, chairwoman of the student group.

Gallagher, 20, said the group wants the university to commit to divesting its endowment from fossil fuel companies over a five-year period and freeze all new investments immediately.

“We are planning on staying here until we are given some commitments,” she said. “The president is out of town, but we will be right here waiting for him when he gets back.”

The sit-in at Tufts is the latest in a series of protests staged at Boston-area schools recently to urge fossil fuel divestment. Last week, a group of Harvard students and their supporters rallied in Harvard Yard.

Tufts issued a statement Wednesday saying it recognizes the diversity of opinions on the subject of divestment and welcomes continued discussion that is thoughtful and respectful.

“Tufts University is proud of its students’ active involvement in a wide range of issues,” the statement said. “However, it is important that the debate about divestment not overshadow the progress Tufts is making in support of environmental stewardship.”

The university said it has launched a new sustainability investment fund, has begun construction of a high-efficiency central energy plant, and is making new investments in recycling and waste-reduction programs.

For the 33 students, alumni, and local supporters involved in the sit-in, as well as numerous other students who participated in a divestment rally at noon, the efforts need to go further, Gallagher said.

“We are hoping to reopen that line of communication and make sure we can be working with the administration on the issue of fossil fuels,” she said.

Tufts executive vice president Patricia Campbell met with some members of the student group Wednesday morning after the sit-in began, Gallagher said. Another round of negotiations is scheduled for Thursday morning.

“This was the step we felt we had to take to initiate these negotiations,” Gallagher said.

The university determined last year that divestment “would have an immediate adverse impact on the educational experience at Tufts,” and it “would not be prudent to expose the university to that kind of risk at this time,” the university said in the statement.

The university said a group of students, trustees, faculty, and staff concluded that “divestment would likely result in a significant reduction in operating funds.”

“We will continue to examine the feasibility of divestment in the future,” the statement said.

Ben Weilerstein, 21, a member of Tufts Climate Action, said he thought the protest was a necessary step to bring attention to the role of fossil fuels in causing climate change.

“This is important because Tufts has millions of dollars invested in an industry that is destroying communities across the world,” he said.

Fossil fuel divestment, Norway

Norwegian oil fund – partial divestment in fossil fuels, billions of dollars in assets

Repost from Fossil Free – Divest from Fossil Fuels.

Norway’s divestment is great news. But this is the last moment to be complacent.

By Tim Ratcliffe February 6, 2015

oil fundToday’s news that the Norwegian Sovereign Wealth (oil)  Fund has divested from a total of 22 companies, potentially totaling billions of dollars in assets, is a huge win for the rapidly growing divestment campaign and should be celebrated. In fact, in terms of amount of money it is likely the biggest divestment decision to date, so reason to be optimistic that this rapidly growing campaign is having a serious impact.

But once the celebrating is over, there’s no time to sit back.  Now is the time to push. In the words of Naomi Klein, acclaimed author and journalist, regarding the implications of the falling oil price, “We’re in a much better situation to win but we need to understand that this is a window. This is the last moment to be complacent.”

This has been reiterated in recent publications by both the Economist and Deutsche Bank. The reality is that most of the carbon in our already proven reserves must stay in the ground and that legislation to ensure that this is the case is just around the corner. Now is the time to demand big changes.

The Norwegian oil fund still invests in well over 100 fossil fuel companies with assets totalling around $40bn, and total reserves representing well over 500gt CO2 if burnt. Enough to take the world soaring past a 2 degree target and any chance of stopping dangerous changes to the climate system.

“I see this as a “counter-move” from Norges Bank Investment Management (NBIM), the group that oversees investments by the fund, to the growing pressure from divestment, where they try to demonstrate to politicians that they can do OK without stricter political mandates,” suggests Truls Gulowsen, campaigner with Greenpeace Norway. “It is still up to Parliament to instruct the Fund to complete full fossil fuel divestment, as the Fund still has billions in coal, oil and tar sands investments. This decision is scheduled for May this year, so maximum pressure on Norway is needed.”

Global Divestment Day next week, 13 and 14 February comes at the perfect time to increase the pressure on institutions such as the Norwegian Sovereign Wealth fund to commit to full divest from fossil fuels.

Keep up the hard work. It’s paying off!

Climate Change, Fossil fuel divestment, Sea level rise

Palo Alto passes fossil fuel divestment resolution

Press Release from Peninsula Interfaith Climate Action (PICA)

Interfaith Victory: Palo Alto Fossil Fuel Divestment Resolution Passed

PALO ALTO, CA — February 9, 2014.

The City of Palo Alto, responding to concerns from Peninsula Interfaith Climate Action (PICA), voted unanimously to send a message to CalPERS (California Statement Employee Retirement System), the national’s largest pension fund, to pull its investments out of fossil fuels.

Councilmembers Marc Berman, Patrick Burt, Karen Holman and Liz Kniss submitted the initial “Colleague’s Memo” in favor of divestment. “Climate change poses a top-tier threat to our future. Our obligation to address climate change through all avenues requires support from all sectors,” noted Council member Cory Wolbach. “I was inspired to see the passionate and effective work of these congregations collecting 152 signed letters on behalf of fossil fuel divestment.  Those letters, presented by a cross-denominational coalition, sent a very powerful moral statement.”

Eileen Altman is an associate minister at First Congregational Church in Palo Alto and a PICA member who spoke at the City Council meeting. “As Christians, we share a core set of values and concern for God’s gift of life, both human and all other life. Our investments should reflect our values.” said Rev. Altman. “This concern is not a liberal or conservative value, but is a Christian value. The US political system unproductively magnifies differences when Americans everywhere share 98% of the same values. Climate is about the future of our children and is especially about the people who are most vulnerable to the effects of climate change. Climate is the biggest social justice issue of our time. From the pews in Palo Alto and throughout the United Church of Christ, the first denomination to pass a resolution to move toward divestment from fossil fuels (in 2013), we welcome the opportunity to respectfully dialogue about climate with churches in all regions of the country and across all party affiliations.”

While the call for fossil fuel divestment may have its strongest impact as a symbolic statement, it also has practical implications for the economic value of employee pensions, explained Debbie Mytels, convener of PICA, which comprises a dozen local congregations that submitted signed letters to the Council in favor of the divestment resolution.

“While we believe it’s a moral obligation to stop using the fossil fuels that are causing sea level rise, extreme weather events and drought-related crop losses,” Mytels said, “it’s also important to question how long investments in these companies will be financially valuable.”

“If we want to protect our employees’ pensions, we need to get CalPERS to pull out of dirty fuels before they become ‘stranded assets’.” said Mytels, citing a recent statement by Deutsche Bank in Germany that said  “to meet climate change targets, over half of identified fossil fuel reserves will have to stay in the ground.”

“While we are pleased with Palo Alto’s progress in becoming a city that supplies ‘carbon free’ electricity to its utility customers,” Mytels said, “we feel it’s time for our city to demonstrate further leadership by joining the call for divestment.”

“Thankfully, Palo Alto itself does not own any investment in fossil fuels of any sort — that’s all the more reason for the Council to consider the long-term safety of our employees’ CalPERS retirement assets,” she added.

Reverend Will Scott, from California Interfaith Power & Light (CIPL), noted that “CIPL and our growing statewide network of more than 640 congregations are grateful for the inspiring work of the Peninsula Interfaith Climate Action group, now a CIPL Regional Working Group. Their regular, committed, and personal engagement on the local level as people of diverse faiths concerned about the climate crisis, is a strong model for other regional working groups in our network. Indeed, they are exemplifying the sincere, collaborative, practical, rooted and creative community resiliency needed throughout the world to meet the seriousness of this global challenge. California Interfaith Power & Light is learning much from PICA’s practices and shared wisdom.”

Palo Alto now joins a growing group of California cities, including San Francisco, Oakland, Berkeley, Brisbane, Richmond, Fairfax, and Santa Monica in calling for dropping fossil fuels from employee pension funds. Sunnyvale may be the next city. Other regional agencies, including the Santa Clara Valley Water District, which is mandated to protect Silicon Valley citizens from floods, have also passed similar resolutions due to concerns about sea level rise.

In advance of Global Divestment Day, Feb. 13, 2015, Norway announced last week that it would drop coal and tar sands companies from its national investment portfolio. Similarly, the Rockefeller Brothers Fund has made such a decision, along with 50 other philanthropic organizations. The divestment movement is also growing significantly among national faith-based groups, and nearby Stanford University has agreed to eliminate its holdings in coal companies. Today, California State Senate President Kevin de Leon introduced SB 185, directing CalPERs to divest coal fossil fuel investments.

For more information about PICA, see http://www.interfaithpower.org/pica and http://pica.nationbuilder.com/

City of Palo Alto Fossil Fuel Divestment Resolution.

The Palo Alto City Council voted unanimously in favor of divestment:  https://pbs.twimg.com/media/B9dpI7FCQAAfghe.jpg

PICA members celebrate: https://pbs.twimg.com/media/B9dpI7JCIAAsuEF.jpg

For more information about the international fossil fuel divestment movement, see http://gofossilfree.org/

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