Keep It in the Ground or Bust
7 reasons why fossil fuel industries should break their carbon bubble
Keep It in the Ground or Bust
By Isatis Marié Cintrón Rodríguez / filmsforaction.org

Another record, a warmer year, we’ve become numb to the alarms. As the world enters the implementation phase of the Paris Agreement, last week, the Shell CEO warned that a renewable shift too quick would compromise the dividends and spell end of company. As if the weight of my body, your body and every living organism’s body wasn’t enough to outbalance the profits. As if the stakes of risking our very own existence weren’t high enough. On who’s watch quickly enough will be accounted?

 

While plants convert sun light beams into life energy, we burn. Placing fossil fuels at the core of our development has allowed the fossil fuel industry to feel entitled of decision power over our future. There are 7.5 billion reasons why we should quit the use of coal, oil and gas. Here are only 7 reasons why fossil fuel industries should break their carbon bubble:

 

1. We are not backing down.

Powerful mass mobilizations have escalated proving that we are ready to stop fossil fuel on their tracks.  The social movement was shown at full swing with 30,000 voices from every corner of the world, raising. We struggle collectively and in our aim to survive we unlock our power as we stand together. The will to fight for climate action will burst that carbon bubble for you.

 

2. Fossil fuels are not in, profits are plummeting.

Scientists have warned that in order to stay within the 2°C limit we need to suppress our carbon budget to 565GT.  In our oil, coal and gas reserves we have five times that amount. This means than if we stopped today the drill and discovery for new wells we would still need to abstain from burning the crude in the existing reserves. Although the Paris agreement doesn’t mention fossil fuels once in the text, it sent a clear signal that nations all over the world pledged to end the fossil fuel era. Investors have taken the hint. Bill Gates divested completely, his $825m worth of shares, from ExxonMobil. In it’s place, he created the Breakthrough Energy Coalition, which is the largest multibillion-dollar clean energy fund. Smarty pants. Between 2014 and 2015, New York City’s biggest pension fund lost $135m because of fossil fuel holdings. Additionally, energy was by far the worst performing sector in the market for 2015. Rockefeller divested from fossil fuel and has been found to still be outperforming their benchmarks. Seems like investing in resources you can’t exploit wouldn’t be the best idea. Hopefully the industry will soon start to let go too.

 

3. Spill, baby spill.

Its getting messy and really fast. Only in the 2016, corrupt regulatory oversight and greed have provoked 82,500 gallons to be spilled in the Gulf of Mexico; 94,500 gallons in Peru; 21,000 gallons in rural Northern California; oil containing trains have derailed and caught on fire over the Columbia Rive Gorge.  All adds up to around 200,000 gallons, through May, leaked over our oceans, ecosystem barriers and food. How many hydrophobic drops are left behind?

 

4. Renewable are the new black.

The winds are changing; the prices of renewables have not only allowed them to compete with fossil fuel but also to be cheaper in some cases. In US, wind power price dropped last year to $0.025/kWh, well below the national average of 0.11/kWh (2014).  Large-scale photovoltaic installations power prices have fallen as much as 80% from $0.49/kWh in 2005 to $0.10/kWh in 2014. Power purchase agreements and other projects in Uruguay, Dubai and Brazil are set to producing solar energy for lower than $0.08/kWh. We have also set other set of records, in 2015 global investment in renewables increased by 5%. The $286billion mark is more than six times the investments amount on 2004 and more than two times the global investment in fossil fuel for last year.

 

5. Development can be clean.

Last year, 55% of the global investment in renewables came from developing countries. For the first time, developing countries –leaded by China- invested more than developed countries in these technologies. Developed countries are making a swift switch too. Recently Germany, hit a milestone of supplying so much renewable energy the prices went negative for a few hours. So was the case for Chile too but in this case it lasted longer. With several gigawatts still to be added in different projects, certain regions spot prices have been zero for a total 113 days. The year hasn’t ended yet and everything points to beating last year 192 days of free energy for certain parts of the country. Portugal reached a zero emission landmark for four consecutive days.

 

6. The window is closing.

Every molecule of CO2 that we put in the atmosphere will last a few centuries plus 25% that last there, virtually, forever. It’s a thermodynamic problem, the Earth will keep warming whether or not our collective social awareness is ready or not. The chair of the Intergovernmental Panel of Climate Change (IPCC), R. K. Pachauri, stated that to have a “good chance of staying below 2C at manageable cost, our emissions should drop by 20 to 70 % globally between 2010 and 2050, falling to zero or below by 2100. We have that opportunity and the choice is in our hands”. The current INDC are inadequate to keep us within the agreed maximum limit. It is our responsibility to engage in the process to guarantee the national pledges ramp up their ambition in a way that unravels a livable future.

 

7. Change is inevitable.

Post-Fossil Fuel era has made a strong and magnificent entrance. The monumental signal of serious and determined change was expressed in Paris by governments and civic society alike. Can we bend the emissions’ curve fast enough, on society’s watch? We are the generation that's is crazy enough to think we can change the world. We will stand and fight, and courage is contagious. 

 

It will take everything we got, but what else can we do when we have everything to lose.  We are fighting to remove those milestones and convert them in common place. Why do we underestimate ourselves?  If some countries are winning the war for sustainability, everyone else can. Let’s break up with this abusive relationship with dirty fuels. All we have to say to fossil fuel industry is that we have all been there, holding too long for someone that is not good for us. This is not necessarily a bad thing, is an opportunity to break free and become relevant again.

0.0 ·
0
What's Next
Trending Today
What Makes Call-Out Culture So Toxic
Asam Ahmad · 6,651 views today · Call-out culture refers to the tendency among progressives, radicals, activists, and community organizers to publicly name instances or patterns of oppressive behaviour and...
This Text Message Exchange Between a Mother and Daughter is Pure Gold
Belinda Hankins · 6,505 views today · When Belinda Hankins got a text message from her 13-year-old daughter, who was shopping for period products, it started an exchange that will resonate with women everywhere. Enjoy.
10 Provocative Quotes from Ivan Illich's "Deschooling Society"
Daniel Lattier · 5,521 views today · Ivan Illich’s groundbreaking book Deschooling Society (1971) offers a radical critique of the institutionalization of education within modern societies. Illich believed that we...
The Top 100 Documentaries We Can Use to Change the World
Films For Action · 3,331 views today · A more beautiful, just and sustainable world is possible. Take this library and use it to inspire global change!
Welcome to Marinaleda: The Spanish Anti-Capitalist Town With Equal Wage Full Employment and $19 Housing
Jade Small · 2,593 views today · With virtually no police, crime or unemployment, meet the Spanish town described as a democratic, socialist utopia. Unemployment is non-existent in Marinaleda, an Andalusian...
When You Kill Ten Million Africans You Aren't Called 'Hitler'
Liam O'Ceallaigh · 2,321 views today · Take a look at this picture. Do you know who it is? Most people haven’t heard of him. But you should have. When you see his face or hear his name you should get as sick in...
93 Documentaries to Expand Your Consciousness
Films For Action · 1,790 views today · There are over 800 documentaries now cataloged in our library of social change films. That's probably way too many for any mortal to ever watch in a lifetime, let alone a few...
What You Might Notice If You Forgot Your Phone For a Day
2 min · 1,780 views today · There is a moment happening right in front of you, right this second, and you just might be missing it
Ikigai - Finding Your Reason for Being
Chip Richards · 1,642 views today · What Gets You Out of Bed in the Morning? When asked what is the single most powerful contributing factor to one’s health and vitality, integrative medical...
Who Are You? Watching This Breathtaking Video Could Be the Moment You Change Your Life
2 min · 1,138 views today · "Normal is getting dressed in clothes that you buy for work, driving through traffic in a car that you are still paying for, in order to get to a job that you need so you can...
Today I Rise: This Beautiful Short Film Is Like a Love Poem For Your Heart and Soul
4 min · 1,021 views today · "The world is missing what I am ready to give: My Wisdom, My Sweetness, My Love and My hunger for Peace." "Where are you? Where are you, little girl with broken wings but full...
Schooling the World (2010)
66 min · 998 views today · If you wanted to change an ancient culture in a generation, how would you do it? You would change the way it educates its children. The U.S. Government knew this in the 19th...
Superblocks: How Barcelona Is Taking City Streets Back From Cars
5 min · 962 views today · Modern cities are designed for cars. But the city of Barcelona is testing out an urban design trick that can give cities back to pedestrians.
The White Man in That Photo
Riccardo Gazzaniga · 700 views today · Sometimes photographs deceive. Take this one, for example. It represents John Carlos and Tommie Smith’s rebellious gesture the day they won medals for the 200 meters at the...
John Lennon's "Imagine," Made Into a Comic Strip
John Lennon. Art by Pablo Stanley · 699 views today · This is easily the best comic strip ever made.  Pabl
Throw (2016)
10 min · 580 views today · The first installment of Invisible Thread, an ongoing ELM passion project series, Throw tells the story of an outsider from East Baltimore, an area challenged by gang violence...
11 Traits of People With High Emotional Intelligence
Raven Fon · 535 views today · Lately, new ways to describe human interactions, social behaviours, and many facets of psychology have emerged on the social network scene. One of those descriptions is “high...
Touch Isolation: How Homophobia Has Robbed All Men Of Touch
Mark Greene · 468 views today · Homophobic prohibitions against male touch are hurting straight men as well.
How to Criticize with Kindness: Philosopher Daniel Dennett on the Four Steps to Arguing Intelligently
Maria Popova · 433 views today · “Just how charitable are you supposed to be when criticizing the views of an opponent?”
Forest Man
16 min · 432 views today · Since the 1970's Majuli islander Jadav Payeng has been planting trees in order to save his island. To date he has single handedly planted a forest larger than Central Park NYC...
Load More
Like us on Facebook?
Keep It in the Ground or Bust