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Even if costs go up, this will automatically spur the technological innovation that will make continued extraction of expensive oil viable.
While governmental officials and accredited delegates argued about legal frameworks and carbon offsets to justify continued extraction, the people shared stories of homelands disappearing beneath rising seas, decimated forests, cancer clusters, cultural destruction, and boil water advisories with no end in sight.
"Unfortunately, these advances are overshadowed by a weak proposed rule on methane emissions and subsidies for the continued extraction and export of climate-polluting fossil fuels.
Declining fossil fuel reserves, coupled with environmental concerns over their continued extraction and exploitation have led to strenuous efforts to identify renewable routes to energy and fuels.
The devil's bargain looks like a necessity for the United States, China and many other countries, as the continued extraction and use of fossil fuels will come with some environmental degradation.
Greenpeace played the same game at BP's get-together last month, tabling motions against the continued extraction of fossil fuels (apparently at odds with the company's promise to go "beyond petroleum") and its links with a Chinese firm now building a pipeline across Tibet.
Similar(53)
In response, our political economy of the contemporary conjuncture must include a critique of the cultural processes that by naturalizing national, cultural, religious as well as class differences obscure the continuing extraction of wealth from the dispossessed around the world, an extractive process that is restrained by neither borders nor claims to being citizens "by birth".
Ripple Foods closed a $65 million Series C to continue extraction of its proprietary pea protein that is shaking up the dairy industry.
Finally, the pump extraction system is reconnected to continue extracting gas.
The Alaska Pipeline offers a timely case study of how pipelines drive continued oil extraction and persist far beyond their intended lifespan.
As the world strives to decarbonize the global economy, the history of the Alaska Pipeline offers a timely case study of how pipelines drive continued oil extraction and persist far beyond their intended lifespan.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com