#Cleantech #Podcast -How much will you buying an #electricvehicle #savetheplanet if the 100 top #polluters continue their path?
October 3, 2023 - Investorideas.com, a global news source and leading investor
resource covering cleantech stocks issues a new edition of the Cleantech and Climate Change Podcast.
Listen to the Podcast:
https://www.investorideas.com/Audio/Podcasts/2023/100323-Cleantech.mp3
Read this in full at
https://www.investorideas.com/news/2023/cleantech-podcasts/10031Electric-Vehicle.asp
Listen to the cleantech and climate
change podcast on Spotify
Transcript
Good morning and welcome to
today’s podcast. Today I would like to start the conversation about climate
change initiatives versus the critical issues of water, land and air pollution.
As global governments push
consumers to go down the electric vehicle path, what are they doing to protect
us from the top major polluters to the air we breathe, our oceans and the soil
we grow our food on? These corporations have the option of buying carbon
credits, going to court and paying fines, not paying fines or lobbying governments
to continue their dirty path.
Consumers are trying their
best - from recycling to buying electric vehicles, using less water, growing
their own food. But we will barely put a dent in the problem if the government
and big corporations don’t address real pollution issues.
So let’s look at some of
the top 100 polluters out there and see what they are doing. This data from the Political
Economy Research Institute for the Toxic 100 Air Polluters Index (2022 Report, Based on 2020 Data)
shows Warren Buffett’s Berkshire Hathaway (NYSE:
BRK.A; BRK.B) as one of the top ten air polluters. The world
considers him one of the best and most respected investors – and yet this is
his contribution to the planet we live on.
|
Toxic
score (pounds released x toxicity x population exposure) |
1 LyondellBasell Industries 16,158,867 5.18 2.65 17% 68% 56%
2 BASF 8,446,509 3.98 7.31 20% 41% 48%
3 Becton Dickinson 6,185,402 0.16 <0.01 10% 37% 42%
4 Salzgitter 5,950,758 0.01 13% 68% 100%
5 Huntsman Corp. 5,648,513 0.31 8.01 16% 62% 96%
6 Dow Inc. 4,778,935 5.55 7.65 18% 52% 34%
7 Canopus International 4,740,512 1.42 1.45 14% 40% 95%
8 Celanese 4,448,268 1.03 8.40 14% 61% 100%
9 Berkshire Hathaway 3,485,083 2.04 0.31 15% 34% 20%
10 NOV Inc.
Looking at the top 100
water polluters index from the Political Economy Research Institute, Northrop Grumman (NYSE:NOC) is the top culprit How do we deal with this? The US Government rewards them with billions
of dollars in contracts.
According to an article
from Global Times, “The US
used to have dozens of defense contractors before the post-Cold War merger
boom. Nowadays, there are only five MIC giants that jointly dominate the US'
huge arms industry - Boeing, General Dynamics, Lockheed Martin, Northrop
Grumman, and Raytheon.”
“The "Big Five" alone routinely split
more than $150 billion in Pentagon contracts annually, or nearly 20 percent of
the total Pentagon budget, said an article published by The Nation in May.”
Toxic 100 Water Polluters Index (2022
Report, Based on 2020 Data)
(Click on column
headers to re-sort table: current sort is by Toxic 100 Water Rank)
|
Millions of pounds
discharged to public sewage treatment works |
|||||||
|
1 |
148,935,444,216 |
<0.01 |
0.20 |
35% |
11% |
100% |
|
|
2 |
60,823,822,110 |
0.27 |
4.02 |
14% |
27% |
97% |
|
|
3 |
45,021,037,511 |
0.02 |
<0.01 |
36% |
34% |
100% |
|
|
4 |
39,668,371,826 |
0.36 |
0.18 |
48% |
63% |
97% |
|
|
5 |
25,038,754,640 |
3.04 |
0.44 |
26% |
16% |
99% |
|
|
6 |
16,847,820,281 |
0.07 |
8.84 |
14% |
26% |
100% |
|
|
7 |
12,447,140,628 |
<0.01 |
0.03 |
61% |
67% |
66% |
|
|
8 |
12,439,304,302 |
<0.01 |
0.02 |
41% |
42% |
100% |
|
|
9 |
10,293,380,451 |
0.44 |
0.91 |
37% |
26% |
51% |
|
|
10 |
6,603,750,310 |
0.16 |
7% |
4% |
94% |
When it comes to the actual
impact of the benefits of buying an electric vehicle, there are different
results based on which study you read according to Carbonbrief.org.
A recent working paper from
a group of German researchers at the think-tank Institute for Economic Research
(ifo) found that “electric vehicles will
barely help cut CO2 emissions in Germany over the coming years.” It suggests
that, in Germany, “the CO2 emissions of battery-electric vehicles are, in the
best case, slightly higher than those of a diesel engine.”
This
study was picked up in the international media,
with the Wall Street Journal running an editorial titled, “Germany’s dirty green cars”.
It also engendered pushback from electric vehicle advocates, with articles
in Jalopnik and Autoblog, as well as individual researchers rebutting
the claim.
Other
recent studies of electric cars in Germany have reached the opposite
conclusion. One study found that emissions from EVs
have emissions up to 43% lower than diesel vehicles. Another detailed that “in all cases
examined, electric cars have lower lifetime climate impacts than those with
internal combustion engines”.
These
differences arise from the assumptions used by researchers. As Prof Jeremy Michalek, director of the Vehicle
Electrification Group at Carnegie Mellon University
tells Carbon Brief, “which technology comes out on top depends on a lot of
things”. These include which specific vehicles are being compared, what
electricity grid mix is assumed, if marginal or average electricity
emissions are used, what driving patterns are assumed, and even the weather.
And talking about the
weather we saw the cold weather effect on electric vehicles last year in Texas.
Bloomberg
reported today that, “The Texas
grid operator is seeking to secure an extra 3,000 megawatts of power reserves
this winter to avoid an “unacceptable” risk of an emergency in extreme
conditions.”
“The Electric Reliability
Council of Texas estimates that there is an almost 20% probability that the
state grid it manages will enter into an energy emergency alert, or EEA, if
there is a repeat of last year’s December storm, Ercot said in a notice Monday.
Procuring 3,000 megawatts will cut that probability to less than 10%.”
So the next time you
recycle or wait a year or more for an electric vehicle that may never come and that
the power grid may not be able to support, reach out to your members of
Government and tell them to stop rewarding or ignoring the pollution we are
facing from big corporations and hold them as accountable as they are trying to
make you.
Visit Investorideas list of cleantech stocks including EV stocks
https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Thanks, that’s it for today. Do something good for this beautiful planet
each and every day.
If you would like to be a guest on this podcast and
tell your story please call me at 800 665 0411
Visit the Cleantech and Climate Change Podcast page at Investorideas.com
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