Greenpeace recently issued a call for coordinated action to halt development of the 14 most threatening fossil fuel projects on the planet. These coal, oil, and gas projects, by increasing greenhouse gas emissions 6.3 gigatons a year by 2020, would push the world’s climate to a “point of no return.”
The report suggests to me that we climate advocates need to reexamine our strategies and how we’re spending limited resources. Specifically, we need to focus as much on oil and gas as we have been on coal. And, believe it or not, the path to a low-carbon future lies through cheap, and indeed ever cheaper, oil.
It’s not just coal, stupid
Coal has long been the big villain for climate advocates, and the focus of most campaigning. But only four of Greenpeace’s 14 biggest threats involve coal, while 10 involve oil and gas. Indeed, by 2020, annual carbon emissions from new “no return” oil and gas projects are expected to exceed those from coal: 3.3 gigatons of carbon from the “cleaner” fossil fuels vs. 3 gigatons from coal. And by 2035, the gap will grow: 6.2 gigatons of oil and gas c... Read more