Australian news, and some related international items

The Carbon Bubble is Bursting


I admit it. I felt sorry for those poor, duped oil, gas and coal company investors back during the early part of 2015. Many of these guys, fed a constant stream of bad information from the financial news sources, at the time were still enraptured by the notion that fossil fuel stocks were then cheap and that the situation was nothing more than some kind of golden buying opportunity.

Now, six months later, 41 US oil and gas companies have gone bankrupt, powerful major oil companies like Exxon and BP are in the range of 20-40 percent losses in stock price year-on-year, most gas companies have seen even more severe losses, and most coal companies have been reduced to junk stock status (see Arch Coal declares bankruptcy). TransCanada, the parent company of the canceled Keystone XL Pipeline, is challenging United States sovereignty with its 15 billion dollar…

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January 12, 2016 Posted by | Uncategorized | Leave a comment

Australian Bushfires Signal New Climate Dangers – MAHB

GarryRogers Nature Conservation

“The recent bushfires in Western Australia were much more than “bush” fires as they raged through mature crops of wheat, barley, canola and oats, and pastures where many thousands of sheep grazed. The fires claimed four lives and the livelihoods of many farmers as the estimated financial losses of crops and farm animals reached A$60m – a figure expected to rise steeply as the full extent of the damage emerged. One report showed a loss of 15,000 sheep and many cattle.[1] The fires swept eastwards and in South Australia additional fires caused more deaths of people and farm animals and burned through vast areas of mature crops and grazing lands.[2]”


GR:  This story is about food for humans.  The more important issue is the long-term effects of the fires.  Followed by invasive plants and soil erosion, fires are transforming vast stretches of native vegetation into weedlands. The damage…

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January 12, 2016 Posted by | Uncategorized | Leave a comment