A few green thoughts for a green day

In honor of St. Patrick’s Day, here are a few green thoughts for the day. Green will take a few different meanings herein.

– Let’s give a big shout out to the kids around the world who went on strike from school to bring awareness to the need for more action on climate change. I am certain they will receive push back from the fossil fuel funded crowd, but these kids care about the future and present of our planet.

– Let’s give a shout out to the twenty kids suing the US Federal government for insufficient action on planning the demise of fossil fuel in response to what they already know about climate change. As this unheard of case progresses, the lead attorney told CBS’ “60 Minutes” that their information is very solid and comes from the files of the US government.

– Let’s give a shout out to Germany and places like Georgetown, TX, Greensburg, KS and Burlington, VT. Coal energy now lags renewable energy in Germany as they are on their way to eliminating coal use in twenty years. As for the three US cities, they are 100% renewable energy powered.  The CPA Mayor of Georgetown said the renewable energy model selected is more cost-effective than the fossil fuel model – so it is saving greenbacks as well.

– Let me state my being green with envy as China is investing a trillion US dollars in building trade corridors with dozens of countries around the world. This is occurring at the same time the US is retrenching from its global leadership role, leaving global multilateral agreements, denigrating allies and spending money to build a wall for an overstated problem. The symbolism is stark – China is building bridges, we want to build walls. The US is enabling an ascendant China.

– Let me close with a shout out to people with chutzpah to set forth a Green New Deal. While not perfect, it is an idea worth discussing to fashion a plan going forward.   Ignoring a problem does not constitute a plan.

Happy St. Patrick’s Day. May the road rise to meet you.

 

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Corporate shareholders are acting on climate change

While fossil-fuel funded politicians avoid addressing climate change and strip away governance enabling industry polluters, shareholders have been picking up the baton. Last week, Reuters published an article called “Chevron ties executive pay to methane and flaring reduction,” which defines specific gas emissions targets.

The article penned by Jennifer Hiller notes that it is not just executives with incentive plan targets to reduce emissions. 45,000 employees also have incentive plan emission targets. In other words, their pay is tied to combatting climate change. The intermediate goal is to reduce gas emissions by 25% by 2023.

While Chevron is the first to tie incentives to reducing gas emissions, in the month before the current US President announced our pullout of the Paris Climate Change Accord, three energy companies -ExxonMobil, PP&L and Occidental Petroleum – announced shareholder votes requiring management to report on efforts to address climate change. The Exxon-Mobil vote is telling in that they face a shareholder lawsuit and one by the New York Attorney General, Barbara Underwood, for misrepresenting the impact of climate change on their business to investors.

Per The Guardian, the NYAG lawsuit notes Exxon’s “longstanding fraudulent scheme” to downplay the impact of climate change including under-representing the “proxy costs” of fossil-fuel extraction. This lawsuit follows a three-year investigation and uses Exxon’s own research and scientists’ speeches against them. Before they took a “global warming is a hoax” public relations stance around the turn of the century. Exxon was active in climate change research. Even Shell produced a video in the 1990s that was made for educational purposes about the dangers of climate change.

But, it does not stop there. Well before fossil-fuel company shareholders made these impositions on management, more forward thinking companies like Amazon, Facebook, Google, IKEA and Walmart have invested in renewable energy like wind and solar energy. IKEA and Walmart are using their expansive store rooftops to place solar panels, while the three technology companies have used all of the above renewable energy strategies to power their  data centers. In my state of NC, these companies have helped propel the state forward as a top four solar energy state.

Let me close with my favorite Super Bowl commercial of last week, Budweiser produced a commercial that noted their beer is now being produced by wind energy. Seeing the Clydesdales meander down a road surrounded by windmills was a beautiful sight. It showed this is not a future goal – it is here. And, just to show it is making a difference, over 1/3 of Iowa’s electricity is produced by wind energy and Germany just announced renewable energy now exceeds coal energy as the biggest electricity source and they plan to be 100% renewable energy powered by 2038, twenty years from now.