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View Diary: San Francisco Board of Supervisors to Vote Tomorrow on Divesting $500 million from Fossil Fuels (65 comments)

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  •  thanks Sven, have you seen this article? (8+ / 0-)

    Would be a good piece to send out to all the commissioners.  

    http://www.guardian.co.uk/...

    Macca's Meatless Monday

    by VL Baker on Mon Apr 22, 2013 at 04:33:51 PM PDT

    •  no, I hadn't seen that one yet (6+ / 0-)

      Thanks so much, I'll see if I can pass that on. I don't think you have to be an economic analyst to understand that wrecking the planet is not a good strategy for long-term investments. I really believe that those cities and universities that are divesting now are going to be ahead of the curve in terms of long-term returns. Just look at Germany, would you put your eggs in the fossil fuel or renewable basket there? I think it's going to be the same everywhere, whether the fossil fans like it or not. Reality has a renewable bias!

      Ecology is the new Economy

      by citisven on Mon Apr 22, 2013 at 04:39:30 PM PDT

      [ Parent ]

      •  I agree, we have to have a fast transition (6+ / 0-)

        to sustainable energy and economy.  There is obviously no other way.

        Macca's Meatless Monday

        by VL Baker on Mon Apr 22, 2013 at 04:42:51 PM PDT

        [ Parent ]

      •  We are approaching the tipping point (5+ / 0-)

        Renewable power < coal, as Google puts it. Australia is already there. At some point coal-fired power plants won't be able to secure construction funding because of uncertainties in carbon costs and increasing certainties in solar, wind, and others. Then we can start thinking about how soon we can decommission the existing plants, when the marginal cost curves (without construction costs, just with current operating costs) cross. Since wind and solar have no fuel costs, that will be sooner rather than later.

        There will still be major environmental damage. There is already significant damage, and it will take centuries for the carbon load in the atmosphere to revert to earlier levels, unless at some point carbon capture can be radically improved, whether through technology, biology, or something we haven't thought of yet.

        Ceterem censeo, gerrymandra delenda est

        by Mokurai on Mon Apr 22, 2013 at 07:28:47 PM PDT

        [ Parent ]

        •  well said, Mokurai (3+ / 0-)

          I agree that the environmental damage we've already done is going to make any kind of recovery/transition even harder, and some say we may already have gone past the point of no return. But it's also a pretty resilient planet that's hosting us, so I'm betting on recovery. But we really have to get serious about investing in the renewable energy infrastructure needed for any kind of long-term prospects before we've reached the tipping point.

          Ecology is the new Economy

          by citisven on Mon Apr 22, 2013 at 08:43:17 PM PDT

          [ Parent ]

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