The solar sector is among the most hated on Wall Street. Many names in the solar sector that are heavily shorted, in spite of it being the fastest growing energy sector in the U.S. Meanwhile, the world is using oil faster than it’s being pumped, which is economically dangerous, because oil price spikes have preceded all recessions since 1970. More renewables could serve to lessen our ridiculous economic vulnerability to oil prices.
In this post Elaine writes about this just released comprehensive review by the Global Reporting Initiative (GRI) of what it has been doing between July 2009 and June 2010. It covers such topics and events as the well attended third GRI conference in Amsterdam in May 2010where the GRI announced its goal that large and medium sized companies should by 2015 be required to report on their Environmental, Social and Governance (ESG) performance. It goes on to cover in greater detail the various specifics that are included in this GRI review.
The great American car culture is literally running out of gas. Many leading petroleum geologists are warning us that the era of easy cheap oil is over and that we are facing a much steeper rate of depletion than commonly believed. There is nothing that can replace these vast stores of liquid fossil energy that is being pumped out of the ground and drives our car culture. Without cheap plentiful oil the American car culture will rapidly crumble. The impending demise of the car culture and the types of spread out low density living that it has fostered is perhaps the most profound socio-economic earthquake we will have faced in many decades. Will we wisely prepare and build out alternatives to this doomed way of life or we wake up one day unprepared and find that the pumps really have run dry? Talking about giving up on the car culture in America is quite the third rail — no one wants to give up their car — and discussion often veers off into irrational sound bite, talking point filled shouting matches. But the facts are the facts. Cars run on gas and the era of cheap easy oil is over… the world now stands at the top of the oil production curve… at the peak of production. It is like we are all sitting in some great roller coaster ever so slowly rolling perched right at the very top of the precipice. We do not have much time at all to begin re-inventing America and building a green economy that can carry us into the future; if we dilly dally and do nothing events will soon race ahead of us and force drastic sudden change upon us all.