Sustaining life on planet earth is our ‘special interest’

Most people understand that not evolving to clean energy when we have the technology and desperately need good jobs and increased productivity in the world, is not only dumb, but will ultimately destroy our health and ecosystem, as well as economic growth.

But with fossil fuel-funded-climate deniers unabashedly running the US government, thinking people can no longer afford to lay back on this.  We need to step up, speak out and take tangible steps to change our personal habits and choices. This 1 hour presentation from Mark Jacobson is a good update on facts and technological advances.

Mark Z. Jacobson is the Director of the Atmosphere/Energy Program and Professor of Civil and Environmental Engineering at Stanford University. He spoke at UD ECE’s Distinguished Lecture Series on November 16, 2016 on the topic “Is this the only hope for reversing global warming? Transitioning each country’s all-purpose energy to electricity powered 100% by wind, water, and sunlight.”  Here is a direct video link.

In other news–that we wish were fake–Trump campaign adviser, and long-time climate denier Myron Ebell, has this week named the environmental movement “the greatest threat to freedom and prosperity in the modern world”. Yep, apparently sustaining life on planet earth is now considered a reprehensible ‘special interest’.  Well, so be it then, count me in:

Ebell, speaking in London, claimed that the motivation for climate action was protecting a special interest: “The climate-industrial complex is a gigantic special interest that involves everyone from the producers of higher priced energy to the academics that benefit from advancement in their careers and larger government grants.” The IMF has calculated that fossil fuels receive $10m every minute in subsidies, while the fossil fuel industry spends at least $100m a year on lobbying.

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The long mistreatment of the working class

GMO’s 4th quarter letter is now available here on line, and should be read.

Both essays are worthwhile, but Jeremy Grantham’s contribution, The Road to Trumpsville:  The long, long mistreatment of the American working class is extremely relevant and insightful on the trends and abuses that have driven America (and much of the developed world) to a necessary breaking point today.  Some excellent charts too.

The one below showing corporate profits relative to employee compensation since 1947 is a secular glimpse that I have always found useful.  The mean reversion of profits (in blue) lower, and wages (in red) higher, has been underway since 2013, but has much further to run–bad news for those buying and holding stocks at crazy rich multiples of profits today.

Yes, higher wages and pension contributions, like adherence to stringent environmental and legal protections, generally reduce corporate profits. That is the price of a sustainable system, rather than one that blows up in chaos and carnage.  It seems we will have to learn this time-worn lesson the hard way once again.

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Rolling Stone: The radical crusade of Mike Pence

A detailed review of some Pence history here:  The radical crusade of Mike Pence.

During the campaign, Pence said he and Trump were actually very much alike: They both liked to pray, and Trump claimed to be a good Christian. His old colleagues in Indiana shook their heads and wondered if he had sold his soul.

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