ripped this straight off from TR:
[quote author=osmanthus link=msg=23732 date=1474585270]
Interesting new report just out. It's by a bunch calling themselves "Oil Change International', who I hadn't heard of before and AFAIK have no great standing. OTOH they have a good argument, which is what matters.
What they've done is to take standard IPCC assessments of carbon budgets, fossil fuel assets, and emissions pathway to point out something pretty relevant: namely that the oil fields, gas fields and coal mines currently in production will, if exploited fully on the basis of what's currently economic, release enough CO2 to totally blow any reasonable carbon budget.
IOW, we are already at the point where there are only two reasons for further development and/or exploration of fossil fuel reserves. These reasons are:
1/ We fully intend to blow the carbon budget for 2 degrees C, meaning that nobody who signed up to the Paris deal really believes it, or
2/ we intend that any new developments will be shut down prematurely, thus stiffing the investors and the workforce.
Neither of these make sense. Both are stupid.
Greg Laden has a brief blurb on it here: http://scienceblogs.com/gregladen/2016/ ... te_change/
DeSmog is on on the act: http://www.desmogblog.com/2016/09/21/na ... -its-goals
The actual report is here: http://priceofoil.org/2016/09/22/the-skys-limit-report/
PS: And no, I don't give a fuck what FX thinks.
ETA: Oh and New Scientist has picked up on it, so I assume they think the report's conclusions are solid: https://www.newscientist.com/article/21 ... past-1-5c/