This Changes Everything: Capitalism vs. The Climate
Rate it:
Open Preview
Read between December 31, 2022 - January 10, 2023
17%
Flag icon
why would notoriously ruthless for-profit companies accept a business model that relies on them not competing with large parts of the energy sector (wind and solar), requires that they submit to a huge range of costly regulation, all with the eventual goal of putting themselves out of business? The answer is that they would not. Treating natural gas as a truly temporary transition fuel is anathema to the profit-seeking imperative that drives these corporations. After all, who is doing the fracking? It’s companies like BP and Chevron, with their long track records of safety violations and ...more
This highlight has been truncated due to consecutive passage length restrictions.
17%
Flag icon
the government is engaging in long-term national planning; it is deliberately picking winners in the market (renewables over nuclear power, which it is simultaneously closing down); it is fixing prices (a clear market interference); and creating a fair playing field for any potential renewable energy producer—big or small—to enter the market. And yet despite—or rather because of—these ideological heresies, Germany’s transition is among the fastest in the world. According to Hans Thie, the advisor on economic policy for the Left Party in the German parliament, who has been intensely involved in ...more
17%
Flag icon
Though often derided as the impractical fantasy of small-is-beautiful dreamers, decentralization delivers, and not on a small scale but on the largest scale of any model attempted thus far, and in highly developed postindustrial nations. It is also surely no coincidence that Denmark, a deeply social democratic country, introduced these policies well before it began its halfhearted embrace of neoliberalism, or that Germany—while prescribing brutal austerity to debtor countries like Greece and Spain—has never fully followed these prescriptions at home. These examples make clear that when ...more
18%
Flag icon
Based on the principle that farming should maximize species diversity and enhance natural systems of soil protection and pest control, agroecology looks different wherever its holistic techniques are practiced. But a report in National Geographic provides a helpful overview of how these principles translate in a few different contexts: the integration of “trees and shrubs into crop and livestock fields; solar-powered drip irrigation, which delivers water directly to plant roots; intercropping, which involves planting two or more crops near each other to maximize the use of light, water, and ...more
This highlight has been truncated due to consecutive passage length restrictions.
18%
Flag icon
12 percent of the world’s power is currently supplied by nuclear energy, much of it coming from reactors that are old and obsolete.33 From a climate perspective, it would certainly be preferable if governments staggered their transitions away from high-risk energy sources like nuclear, prioritizing fossil fuels for cuts because the next decade is so critical for getting us off our current trajectory toward 4–6 degrees Celsius of warming. That would be compatible with a moratorium on new nuclear facilities, a decommissioning of the oldest plants and then a full nuclear phase-out once renewables ...more
19%
Flag icon
This state of affairs is, of course, yet another legacy of the free market counterrevolution. In virtually every country, the political class accepts the premise that it is not the place of government to tell large corporations what they can and cannot do, even when public health and welfare—indeed the habitability of our shared home—are clearly at stake. The guiding ethos of light-touch regulation, and more often of active deregulation, has taken an enormous toll in every sector, most notably the financial one. It has also blocked commonsense responses to the climate crisis at every ...more
19%
Flag icon
If the companies have miscalculated and we do get serious about leaving carbon in the ground, these huge projects will become what is known as “stranded assets”—investments that lose their projected value as a result of, for example, dramatic changes in environmental policy. When a company has a great deal of expensive stranded assets on its books, the stock market takes notice, and responds by bidding down the share price of the company that made these bad bets. This problem goes well beyond a few specific projects and is integrated into the way that the market assigns value to companies that ...more
19%
Flag icon
That means that an oil company looking to reassure shareholders that it has a plan for what to do, say, when the oil in Alaska’s Prudhoe Bay runs out, will be forced to go into higher-risk, dirtier territories. It is telling, for instance, that more than half of the reserves Exxon added in 2011 come from a single oil project: the massive Kearl mine being developed in the Alberta tar sands.56 This imperative also means that, so long as this business model is in place, no coastline or aquifer will be safe. Every victory against the fossil fuel companies, no matter how hard won, will be ...more
20%
Flag icon
Those numbers also tell us that the very thing we must do to avert catastrophe—stop digging—is the very thing these companies cannot contemplate without initiating their own demise. They tell us that getting serious about climate change, which means cutting our emissions radically, is simply not compatible with the continued existence of one of the most profitable industries in the world. And the amounts of money at stake are huge. The total amount of carbon in reserve represents roughly $27 trillion—more than ten times the annual GDP of the United Kingdom. If we were serious about keeping ...more
20%
Flag icon
This dynamic will shift only when the power (and wealth) of the fossil fuel industry is seriously eroded. Which is very tough to do: the handy thing about selling natural resources upon which entire economies have been built—and about having so far succeeded in blocking policies that would offer real alternatives—is that most people keep having to buy your products whether they like you or not. So since these companies are going to continue being rich for the foreseeable future, the best hope of breaking the political deadlock is to radically restrict their ability to spend their profits ...more
20%
Flag icon
Yotam Marom, an organizer with Occupy Wall Street in New York, wrote in July 2013, “The fight for the climate isn’t a separate movement, it’s both a challenge and an opportunity for all of our movements. We don’t need to become climate activists, we are climate activists. We don’t need a separate climate movement; we need to seize the climate moment.”65 The nature of the moment is familiar but bears repeating: whether or not industrialized countries begin deeply cutting our emissions this decade will determine whether we can expect the same from rapidly developing nations like China and India ...more
20%
Flag icon
Climate change pits what the planet needs to maintain stability against what our economic model needs to sustain itself. But since that economic model is failing the vast majority of the people on the planet on multiple fronts that might not be such a bad thing. Put another way, if there has ever been a moment to advance a plan to heal the planet that also heals our broken economies and our shattered communities, this is it. Al Gore called climate change “an inconvenient truth,” which he defined as an inescapable fact that we would prefer to ignore. Yet the truth about climate change is ...more
21%
Flag icon
In fact the slogan long embraced by this movement has been “System Change, Not Climate Change”—a recognition that these are the two choices we face.67 “The climate justice fight here in the U.S. and around the world is not just a fight against the [biggest] ecological crisis of all time,” Miya Yoshitani, executive director of the Oakland-based Asian Pacific Environmental Network (APEN), explains. “It is the fight for a new economy, a new energy system, a new democracy, a new relationship to the planet and to each other, for land, water, and food sovereignty, for Indigenous rights, for human ...more
21%
Flag icon
The mainstream environmental movement, meanwhile, generally stands apart from these expressions of mass frustration, choosing to define climate activism narrowly—demanding a carbon tax, say, or even trying to stop a pipeline. And those campaigns are important. But building a mass movement that has a chance of taking on the corporate forces arrayed against science-based emission reduction will require the broadest possible spectrum of allies. That would include the public sector workers—firefighters, nurses, teachers, garbage collectors—fighting to protect the services and infrastructure that ...more
21%
Flag icon
more bad timing. Just when we needed to slow down and notice the subtle changes in the natural world that are telling us that something is seriously amiss, we have sped up; just when we needed longer time horizons to see how the actions of our past impact the prospects for our future, we entered into the never-ending feed of the perpetual now, slicing and dicing our attention spans as never before. To understand how we got to this place of profound disconnection from our surroundings and one another, and to think about how we might build a politics based on reconnection, we will need to go ...more
21%
Flag icon
It means that in many of our key responses, we would not be embarking on this tremendous project from scratch but rather drawing on more than a century of progressive work. But truly rising to the climate challenge—particularly its challenge to economic growth—will require that we dig even deeper into our past, and move into some distinctly uncharted political territory.
22%
Flag icon
Australian philosopher and professor of sustainability Glenn Albrecht set out to coin a term to capture the particular form of psychological distress that sets in when the homelands that we love and from which we take comfort are radically altered by extraction and industrialization, rendering them alienating and unfamiliar. He settled on “solastalgia,” with its evocations of solace, destruction, and pain, and defined the new word to mean, “the homesickness you have when you are still at home.” He explained that although this particular form of unease was once principally familiar to people ...more
22%
Flag icon
In a 2007 cable about Nauru, made public by WikiLeaks, an unnamed U.S. official summed up his government’s analysis of what went wrong on the island: “Nauru simply spent extravagantly, never worrying about tomorrow.”17 Fair enough, but that diagnosis is hardly unique to Nauru; our entire culture is extravagantly drawing down finite resources, never worrying about tomorrow. For a couple of hundred years we have been telling ourselves that we can dig the midnight black remains of other life forms out of the bowels of the earth, burn them in massive quantities, and that the airborne particles and ...more
22%
Flag icon
In The New York Times in 2011, for instance, then-president Marcus Stephen wrote that Nauru provides “an indispensable cautionary tale about life in a place with hard ecological limits.” It shows, he claimed, “what can happen when a country runs out of options. The world is headed down a similar path with the relentless burning of coal and oil, which is altering the planet’s climate, melting ice caps, making oceans more acidic and edging us ever closer to a day when no one will be able to take clean water, fertile soil or abundant food for granted.” In other words, Nauru isn’t the only one ...more
This highlight has been truncated due to consecutive passage length restrictions.
22%
Flag icon
Extractivism is also directly connected to the notion of sacrifice zones—places that, to their extractors, somehow don’t count and therefore can be poisoned, drained, or otherwise destroyed, for the supposed greater good of economic progress. This toxic idea has always been intimately tied to imperialism, with disposable peripheries being harnessed to feed a glittering center, and it is bound up too with notions of racial superiority, because in order to have sacrifice zones, you need to have people and cultures who count so little that they are considered deserving of sacrifice. Extractivism ...more
23%
Flag icon
Water power, after all, had a lot going for it compared with coal. For one thing, it was free, while coal needed to be continually re-purchased. And contrary to the widespread belief that the steam engine provided more energy than water wheels, the two were actually comparable, with the larger wheels packing several times more horsepower than their coal-powered rivals. Water wheels also operated more smoothly, with fewer technical breakdowns, so long as the water was flowing. “The transition from water to steam in the British cotton industry did not occur because water was scarce, less ...more
23%
Flag icon
Unlike the energy it replaced, power from fossil fuel always required sacrifice zones—whether in the black lungs of the coal miners or the poisoned waterways surrounding the mines. But these prices were seen as worth paying in exchange for coal’s intoxicating promise of freedom from the physical world—a freedom that unleashed industrial capitalism’s full force to dominate both workers and other cultures. With their portable energy creator, the industrialists and colonists of the 1800s could now go wherever labor was cheapest and most exploitable, and wherever resources were most plentiful and ...more
23%
Flag icon
In Ecological Economics, Herman Daly and Joshua Farley point out that Adam Smith published The Wealth of Nations in 1776—the same year that Watt produced his first commercial steam engine. “It is no coincidence,” they write, “that the market economy and fossil fuel economy emerged at essentially the exact same time. . . . New technologies and vast amounts of fossil energy allowed unprecedented production of consumer goods. The need for new markets for these mass-produced consumer goods and new sources of raw material played a role in colonialism and the pursuit of empire. The market economy ...more
23%
Flag icon
The harnessing of fossil fuel power seemed, for a couple of centuries at least, to have freed large parts of humanity from the need to be in constant dialogue with nature, having to adjust its plans, ambitions, and schedules to natural fluctuations and topographies. Coal and oil, precisely because they were fossilized, seemed entirely possessable forms of energy. They did not behave independently—not like wind, or water, or, for that matter, workers. Just as Watt’s engine promised, once purchased, they produced power wherever and whenever their owners wished—the ultimate nonreciprocal ...more
23%
Flag icon
a huge white marble statue of James Watt dominated St. Paul’s chapel in Westminster Abbey, commemorating a man who “enlarged the resources of his Country” and “increased the power of Man.” And Watt certainly did that: his engine massively accelerated the Industrial Revolution and the steamships his engine made possible subsequently opened sub-Saharan Africa and India to colonial pillage. So while making Europe richer, he also helped make many other parts of the world poorer, carbon-fueled inequalities that persist to this day. Indeed, coal was the black ink in which the story of modern ...more
23%
Flag icon
The released carbon, meanwhile, enters the atmosphere, causing global warming (not to mention coal’s contribution to the smog and particulate pollution that have plagued urban society since the Industrial Revolution, afflicting untold numbers of people with respiratory, heart, and other diseases). Given this legacy, our task is not small, but it is simple: rather than a society of grave robbers, we need to become a society of life amplifiers, deriving our energy directly from the elements that sustain life.
24%
Flag icon
Henry David Thoreau wrote that, “The earth I tread on is not a dead, inert mass. It is a body, has a spirit, is organic, and fluid to the influence of its spirit, and to whatever particle of that spirit is in me.”I This was a straight repudiation of Francis Bacon’s casting of the earth as an inert machine whose mysteries could be mastered by the human mind. And almost a century after Thoreau, Aldo Leopold, whose book A Sand County Almanac was the touchstone for a second wave of environmentalists, similarly called for an ethic that “enlarges the boundaries of the community to include soils, ...more
25%
Flag icon
As author Christian Parenti observed recently of the book’s lasting influence, “Limits combined the glamour of Big Science—powerful MIT computers and support from the Smithsonian Institution—with a focus on the interconnectedness of things, which fit perfectly with the new countercultural zeitgeist.” And though some of the book’s projections have not held up over time—the authors underestimated, for instance, the capacity of profit incentives and innovative technologies to unlock new reserves of finite resources—Limits was right about the most important limit of all. On “the limits of natural ...more
25%
Flag icon
The Disastrous Merger of Big Business and Big Green
26%
Flag icon
The Nature Conservancy has been in the oil and gas business for a decade and half. That this could happen in the age of climate change points to a painful reality behind the environmental movement’s catastrophic failure to effectively battle the economic interests behind our soaring emissions: large parts of the movement aren’t actually fighting those interests—they have merged with them. The Nature Conservancy, I should stress, is the only green group (that I know of, at least) to actually sink its own oil and gas wells. But it is far from the only group to have strong ties with the fossil ...more
26%
Flag icon
There are, moreover, large parts of the green movement that have never engaged in these types of arrangements—they don’t have endowments to invest or they have clear policies prohibiting fossil fuel holdings, and some have equally clear policies against taking donations from polluters. These groups, not coincidentally, tend also to be the ones with track records of going head-to-head with big oil and coal: Friends of the Earth and Greenpeace have been battling Shell’s and Chevron’s alleged complicity with horrific human rights abuses in the Niger Delta since the early 1990s (though Shell has ...more
26%
Flag icon
The big, corporate-affiliated green groups don’t deny the reality of climate change, of course—many work hard to raise the alarm. And yet several of these groups have consistently, and aggressively, pushed responses to climate change that are the least burdensome, and often directly beneficial, to the largest greenhouse gas emitters on the planet—even when the policies come at the direct expense of communities fighting to keep fossil fuels in the ground. Rather than advancing policies that treat greenhouse gases as dangerous pollutants demanding clear, enforceable regulations that would ...more
26%
Flag icon
The “market-based” climate solutions favored by so many large foundations and adopted by many greens have provided an invaluable service to the fossil fuel sector as a whole. For one, they succeeded in taking what began as a straightforward debate about shifting away from fossil fuels and put it through a jargon generator so convoluted that the entire climate issue came to seem too complex and arcane for nonexperts to understand, seriously undercutting the potential to build a mass movement capable of taking on powerful polluters. As Drexel University sociologist Robert Brulle has observed, ...more
26%
Flag icon
With emissions up by about 57 percent since the U.N. climate convention was signed in 1992, the failure of this polite strategy is beyond debate. And yet still, at the upper echelons of the climate movement, our soaring emissions are never blamed on anything as concrete as the fossil fuel corporations that work furiously to block all serious attempts to regulate emissions, and certainly not on the economic model that demands that these companies put profit before the health of the natural systems upon which all life depends. Rather the villains are always vague and unthreatening—a lack of ...more
26%
Flag icon
Confronted with unassailable evidence of a grave collective problem, politicians across the political spectrum still asked themselves: “What can we do to stop it?” (Not: “How can we develop complex financial mechanisms to help the market fix it for us?”) What followed was a wave of environmental victories unimaginable by today’s antigovernment standards. In the United States, the legislative legacy is particularly striking: the Clean Air Act (1963), the Wilderness Act (1964), the Water Quality Act (1965), the Air Quality Act (1967), the Wild and Scenic Rivers Act (1968), the National ...more
27%
Flag icon
Simple principles governed this golden age of environmental legislation: ban or severely limit the offending activity or substance and where possible, get the polluter to pay for the cleanup. As journalist Mark Dowie outlines in his history of the U.S. environmental movement, Losing Ground, the real-world results of this approach were concrete and measurable. “Tens of millions of acres have been added to the federal wilderness system, environmental impact assessments are now required for all major developments, some lakes that were declared dead are living again. . . . Lead particulates have ...more
27%
Flag icon
“A tree is a tree,” Ronald Reagan famously said in the midst of a pitched battle over logging rights. “How many more do you need to look at?” With Reagan’s arrival in the White House, and the ascendency of many think-tank ideologues to powerful positions in his administration, the goalposts were yanked to the right. Reagan filled his inner circle with pro-industry scientists who denied the reality of every environmental ill from acid rain to climate change. And seemingly overnight, banning and tightly regulating harmful industrial practices went from being bipartisan political practice to a ...more
27%
Flag icon
In the 1980s, extreme free market ideology became the discourse of power, the language that elites were speaking to one another, even if large parts of the general public remained un-persuaded. That meant that for the mainstream green movement, confronting the antigovernment logic of market triumphalism head-on would have meant exiling themselves to the margins. And many of the big-budget green groups—having grown comfortable with their access to power and generous support from large, elite foundations—were unwilling to do that. Gus Speth, who co-founded the Natural Resources Defense Council ...more
27%
Flag icon
This open-for-business approach was so adept at attracting big donors and elite access that many older, more established green groups raced to get with the agreeable program, taking an “if you can’t beat ’em, join ’em” attitude to brazen extremes. It was in this period that the Nature Conservancy started loosening its definition of “preservation” so that conservation lands would eventually accommodate such dissonant activities as mansion building and oil drilling (laying the foundation for the group to get in on the drilling action itself). “I used to say that the only things not allowed on ...more
27%
Flag icon
Members of grassroots groups like the Love Canal Homeowners Association, the Bhopal Action Resource Group, and the National Toxics Campaign handed out pamphlets that read in part, “Who is destroying the earth—are we all equally to blame? No! We say go to the source. We say take it to Wall Street!” The pamphlets went on: “The polluters would have us believe that we are all just common travelers on Spaceship Earth, when in fact a few of them are at the controls, and the rest of us are choking on their exhaust.”34 This confrontational rhetoric—a foreshadowing of Occupy Wall Street two decades ...more
27%
Flag icon
The Environmental Defense Fund has always insisted that it does not take donations from the companies with which it forms partnerships—that, writes EDF senior vice president for strategy and communications Eric Pooley, “would undermine our independence and integrity.” But the policy doesn’t bear much scrutiny. For instance, one of the EDF’s flagship partnerships is with Walmart, with whom it collaborates to “make the company more sustainable.” And it’s true that Walmart doesn’t donate to the EDF directly. However, the Walton Family Foundation, which is entirely controlled by members of the ...more
27%
Flag icon
Stacy Mitchell, a researcher with the Institute for Local Self-Reliance, observes that having large parts of the green movement so dependent on the scions of a company that almost singlehandedly supersized the retail sector and exported the model around the world has had profound political implications. “Walmart’s money is exerting significant influence in setting the agenda, defining the problems, and elevating certain kinds of approaches—notably those that reinforce, rather than challenge, the power of large corporations in our economy and society,” she writes.42 And this is the heart of the ...more
28%
Flag icon
We were called upon periodically to write letters, sign petitions, turn off our lights for an hour, make a giant human hourglass that could be photographed from the sky. And of course we were always asked to send money to the Big Green groups that were supposedly just on the cusp of negotiating a solution to climate change on our behalf. But most of all, regular, noncelebrity people were called upon to exercise their consumer power—not by shopping less but by discovering new and exciting ways to consume more.VII And if guilt set in, well, we could click on the handy carbon calculators on any ...more
This highlight has been truncated due to consecutive passage length restrictions.
28%
Flag icon
We now know that fracked natural gas may leak enough methane to make its warming impact, especially in the near term, comparable to that of coal. Anthony Ingraffea, who coauthored the breakthrough Cornell study on methane leakage and describes himself as “a longtime oil and gas engineer who helped develop shale fracking techniques for the Energy Department,” wrote in The New York Times, “The gas extracted from shale deposits is not a ‘bridge’ to a renewable energy future—it’s a gangplank to more warming and away from clean energy investments.”49 We also know, from experience in the U.S., that ...more
28%
Flag icon
The Nature Conservancy’s job has been to identify habitat preservation and conservation projects to “offset the impacts of oil and gas drilling pads and infrastructure.” From a climate change perspective, this is an absurd proposition, since these projects have no hope of offsetting the most damaging impact of all: the release of heat-trapping gases into the atmosphere. Which is why the most important preservation work that any environmental group can do is preserving the carbon in the ground, wherever it is. (Then again, this is The Nature Conservancy, which has its very own gas well in the ...more
28%
Flag icon
The former mayor’s personal and philanthropic fortune—worth over $30 billion—is managed by investment firm Willett Advisors, which was established by Bloomberg and his associates. According to Bloomberg Businessweek, and confirmed by Bloomberg Philanthropies (which shares a building with the firm), Willett “invests in real assets focusing on oil and natural gas areas.” Michael Bloomberg did not respond to repeated requests for comment.55
28%
Flag icon
When the first study arrived in September 2013, published in Proceedings of the National Academy of Sciences, it made news by identifying fugitive methane leakage rates from gas extraction that were ten to twenty times lower than those in most other studies to date.56 But the study’s design contained serious limitations, the most glaring of which was allowing the gas companies to choose the wells they wanted inspected. Robert Howarth, the lead author of the breakthrough 2011 Cornell study on the same subject, pointed out that the EDF’s findings were “based only on evaluation of sites and times ...more
28%
Flag icon
As Josh Fox, the director of the Academy Award–nominated documentary on fracking, Gasland, puts it: “I think that what’s happening here is a squandering of the greatest political will that we’ve ever had towards getting off of fossil fuels.”58 Because while green groups battle over the research and voluntary codes, the gas companies are continuing to drill, leak, and pour billions of dollars into new infrastructure designed to last for many decades.
29%
Flag icon
The U.S. government was so enthusiastic about this approach that it made the inclusion of carbon trading a deal breaker in the Kyoto negotiations. This led to what France’s former environment minister Dominique Voynet described as “radically antagonistic” conflicts between the United States and Europe, which saw the creation of a global carbon market as tantamount to abandoning the climate crisis to “the law of the jungle.” Angela Merkel, then Germany’s environment minister, insisted, “The aim cannot be for industrialized countries to satisfy their obligations solely through emissions trading ...more
29%
Flag icon
Under the U.N. system, all kinds of dodgy industrial projects can generate lucrative credits. For instance, oil companies operating in the Niger Delta that practice “flaring”—setting fire to the natural gas released in the oil drilling process because capturing and using the potent greenhouse gas is more expensive than burning it—have argued that they should be paid if they stop engaging in this enormously destructive practice. And indeed some are already registered to receive carbon credits under the U.N. system for no longer flaring—despite the fact that gas flaring has been illegal in ...more