Before Carney, University College London Redlined Fossil Fuels for Shutdown
Oct. 21, 2019 (EIRNS)—A university in London appears to have started the push to redline vital fossil-fuel energy and electricity reserves, and stop their use, at least five years ago. That preceded Bank of England Governor and eco-fascist Mark Carney’s speech at the Paris Accords conference in December 2015, where Carney and Michael Bloomberg launched a central bankers’ combination to stop and “strand” fossil fuel investments on alleged “climate risk.”
University College London is nearly 200 years old, the country’s third university after Cambridge and Oxford, the size of a large American state university; now its “highlighted masters programs” are “Risk and Disaster Science,” and “Risk and Disaster Science—Data Science Pathway.”
The Guardian reported in January 2015 on what it said was “new work” published in January 2015 by University College London researchers. The daily broaches among other things, the fantastic hype—now used by Carney—of 5° Celsius global temperature-rise due to man-made CO2, was first claimed in an “economic policy” report.
“Vast amounts of oil in the Middle East, coal in the U.S., Australia and China and many other fossil fuel reserves will have to be left in the ground to prevent dangerous climate change, according to the first analysis to identify which existing reserves cannot be burned,” the paper said.
“The new work reveals the profound geopolitical and economic implications of tackling global warming for both countries and major companies that are reliant on fossil fuel wealth. It shows trillions of dollars of known and extractable coal, oil and gas, including most Canadian tar sands, all Arctic oil and gas and much potential shale gas, cannot be exploited if the global temperature rise is to be kept under the 2°C safety limit agreed by the world’s nations. Currently, the world is heading for a catastrophic 5°C of warming.
“ ‘We’ve now got tangible figures of the quantities and locations of fossil fuels that should remain unused in trying to keep within the 2°C temperature limit,’ said Christophe McGlade, at University College London (UCL), and who led the new research published in the journal Nature. The work, using detailed data and well-established economic models....”
The UCL chart shown, of “coal, gas and oil reserves that must not be burnt,” includes 85% of Africa’s coal, 33% of its natural gas and 21% of its oil. Combined, these power almost all of Africa’s woefully inadequate electric power supplies. Some 94% of U.S. coal is redlined.