The ubiquitous “hope and change” theme Americans know, oh, so well — one that has become totally meaningless, a result of its overuse and disregard of economic, scientific, and social realities — is going international. The United Nations will be using it to launch a massive campaign to persuade the public to influence world leaders to ratify the UN’s new global climate treaty.
The Potential Gas Committee, a group of academics and industry specialists supported by the Colorado School of Mines, reports the largest increase in natural-gas reserves in its 44-year history. Estimated reserves rose to 2,074 trillion cubic feet (Tcf) in 2008 from 1,532 Tcf in its 2006 report.
Steve Cousins, vice president of refining for Lion Oil Company, an 80-year-old Arkansas-based refiner, testified that the company would have to “shutter operations” within a year and lay off 1,200 workers if climate-change legislation now before Congress is passed into law. Carbon-emission allowances under the law “will make our survival impossible” he told members of the House Energy and Commerce Subcommittee on Energy and the Environment.
One of the signature issues of the Obama administration will be the hammering out of a replacement for the failed Kyoto accord on global warming. Talks brokered by the United Nations aimed at replacing Kyoto are scheduled to begin in Copenhagen in just 6 months, but, according to the New York Times, there is one major sticking point: China.