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Useless Oil And A Solution

The lead article in the Guardian today cites a report published today that says that carbon fuel reserves are overvalued.

The reason is that if environmental policies to reduce carbon emissions are implemented, most fossil fuel will be unable to meet the standards and will be 'unburnable'.

The report says that most industries are banking on the environmental policies not being implemented and are spending 1% of global GDP chasing more fossil fuels.

The good news is that according to the report commissioned by the then Chancellor Gordon Brown in 2006, the cost if transitioning to clean fuel is also 1%.

So if political leaders had the will, now is the cost effective time to transition.

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LONDON — Is British business fretting about the risks of the country drifting out of the European Union? Or does it crave a looser relationship with Continental allies, one free from meddlesome regulation?
The answer to that question remained unclear Monday after a newly formed group of business leaders argued for a renegotiation of Britain’s membership terms — echoing the policy of Prime Minister David Cameron, who in January promised voters a referendum on whether the country would remain in the Union.
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Never much attracted to the idea of European unity,…