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CHART: How Much Do Exxon and Google Charge Themselves for Climate Pollution?

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The world’s biggest polluters know a price on carbon isn’t far off. Tim McDonnell/Climate Desk Most experts agree that slowing climate change is going to have to involve some kind of price on carbon dioxide pollution. Although the last attempt to pass a federal carbon price in the US failed in 2009, some of the world’s most-polluting companies haven’t let down their guard. A report last week from the nonprofit Carbon Disclosure Project found that 29 companies that operate or are headquartered in the US are planning for the future by using their own internal carbon price. So how much do these companies think carbon pollution is worth? Not every company released a specific number, but we plotted those that did on the chart above. As you can see, there’s quite a broad range, with the price officially recommended by the Obama White House ($37 per metric ton of carbon) falling north of the middle. For comparison, we also included the current prices in British Columbia (which levies a flat tax) and the European Union (which operates a carbon credit-trading market). An oversupply of credits on the EU market has recently driven the price to record lows, below where most economists believe it can be effective in curbing emissions. But a decision yesterday by the European Parliament to slash the number of available credits is expected to drive the price up 35 percent over the next year. For most companies, the purpose of adding a hypothetical carbon tax to their balance sheets is to prepare for what could become a significant expense in the future. This is especially true for energy companies that produce large amounts of carbon pollution and would therefore be hit hardest by a carbon price; ExxonMobil, with the highest reported internal price, is the world’s second-biggest corporate carbon polluter, while non-energy companies like Walt Disney and Microsoft reported lower internal prices. Zoe Tcholak-Antitch, a spokesperson for CDP North America and its former director, said working on the assumption of a high carbon price is “a very prudent approach” for big energy producers, because it builds a degree of flexibility into their budgets. “ExxonMobil invests billions of dollars in energy projects which take decades to plan and execute,” company spokesperson Alan Jeffers said in a statement. “For the purposes of our business planning we assume that governments will continue to gradually adopt a wide variety of more stringent policies to help stem greenhouse gas emissions.” In other words, the company isn’t actually shelling out $60 for each ton of carbon it emits, but the bottom line ExxonMobil brass see in revenue projections for the future accounts for the price as if it was. That way, if and when a price is set, the company’s balance sheet will be prepared to absorb even a relatively high new cost. And “if the market chooses a lower price, it makes it that much easier” to accommodate, Tcholak-Antitch said. For at least one of the companies, there wasn’t much of a choice: Xcel Energy, an electric and natural gas utility, was ordered by the Colorado state utility commission to include a carbon price in a recent proposal for future electricity infrastructure investments. The idea, Xcel spokesperson Mark Stutz said, was to compare the future cost-effectiveness of different sources of energy, including coal, natural gas, wind, and solar; if carbon pricing tomorrow were to make coal all but unaffordable to burn, it might be a better use of ratepayer money today to build a wind farm instead. Although in fact, the company’s analysis found solar and wind to be a better bargain than coal and gas even without a carbon price. Companies outside the energy sector are playing along, too: The Walt Disney Company reported that its internal carbon price was a product of its policy of purchasing carbon offsets and charging those costs back to its own divisions based on their energy consumption; having a concrete price helps those divisions decide what kinds of sustainability efforts will be most cost-effective. Wells Fargo told CDP that its internal carbon price helps the bank determine how likely it is that clients from carbon-intensive sectors, like energy, will be able to repay loans. And Delta Air Lines said it considers the EU carbon price in setting routes into Europe, and weighs an undisclosed internal price when considering airplane purchases. The difficulty for US-based companies, CDP’s Tcholak-Antitch said, is that the lack of a clear signal from the US government makes it hard to know exactly where to pin the price, which explains the wide range seen in the graph above. “Some may be setting a very low price just so that they have something that isn’t zero,” she said. Since the private sector loves little more than long-term stability, she said, that’s all the more reason for US policymakers to reopen the debate.

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CHART: How Much Do Exxon and Google Charge Themselves for Climate Pollution?

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CHART: How Much Do Exxon and Google Charge Themselves for Climate Pollution?

Posted in alo, Annies, eco-friendly, FF, G & F, GE, LAI, LG, mixer, Monterey, ONA, OXO, PUR, Ringer, solar, solar power, Uncategorized, wind energy, wind power | Tagged , , , , , , , , , | Comments Off on CHART: How Much Do Exxon and Google Charge Themselves for Climate Pollution?

Fracking waste prevents icy roads, but pollutes waterways

Environmental group Riverkeeper finds the practice is more common in New York than previously believed. From –  Fracking waste prevents icy roads, but pollutes waterways ; ;Related ArticlesFully serviced bee sales/rentals help bee fans become hive ownersCHART: How Much Do Exxon and Google Charge Themselves for Climate Pollution?Newly Discovered Greenhouse Gas ’7,000 Times More Powerful Than CO2′ ;

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Fracking waste prevents icy roads, but pollutes waterways

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Giving Musical Thanks on Thanksgiving

A soundtrack for Thanksgiving and giving thanks. Link:  Giving Musical Thanks on Thanksgiving ; ;Related ArticlesA Fresh Look at America’s Gas LandsHow the Simpsons Have Secretly Been Teaching You MathRevisiting Love Canal ;

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Giving Musical Thanks on Thanksgiving

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Dot Earth Blog: Giving Musical Thanks on Thanksgiving

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The Art of Raising a Puppy (Revised Edition) – Monks of New Skete

For more than thirty years the Monks of New Skete have been among America’s most trusted authorities on dog training, canine behavior, and the animal/human bond. In their two now-classic bestsellers, How to be Your Dog’s Best Friend and The Art of Raising a Puppy, the Monks draw on their experience as long-time breeders of German shepherds and as t […]

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Codex: Inquisition – Games Workshop

The Inquisition is the most powerful organisation within the Imperium. Bound by no Imperial law or authority, its agents – Inquisitors – operate in a highly secretive manner and answer only to themselves. Inquisitors use whatever means are necessary in order to safeguard the Imperium from heretics, mutants and aliens. It is not without good reason that Inqui […]

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Clan Raukaan – A Codex: Space Marines Supplement – Games Workshop

Famed for harnessing the power of bionics over flesh, the Iron Hands are the most calculating and merciless of all the Space Marine Chapters. Clan Raukaan is the most aggressive of the Iron Hands’ ten great clans of Medusa. Under the leadership of the Iron Council, Clan Raukaan has spearheaded countless victories in the name of the Iron Hands, securing […]

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Paracord Fusion Ties – Volume 1 – J.D. Lenzen

J.D. Lenzen is the creator of the highly acclaimed YouTube channel “Tying It All Together”, and the producer of over 200 instructional videos. He’s been formally recognized by the International Guild of Knot Tyers (IGKT) for his contributions to knotting, and is the originator of fusion knotting-innovative knots created through the merging of […]

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Codex: Space Marines (Enhanced Edition) – Games Workshop

The Space Marines are the chosen warriors of the Emperor, and the greatest fighting force of the Imperium. Each Space Marine is a genetically enhanced super soldier, easily a match for a dozen lesser men, armed with some of the deadliest weapons in the galaxy and encased in formidable power armour. This codex explores the formations and Chapters of the Space […]

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How to Raise the Perfect Dog – Cesar Millan & Melissa Jo Peltier

From the bestselling author and star of National Geographic Channel’s Dog Whisperer , the only resource you’ll need for raising a happy, healthy dog. For the millions of people every year who consider bringing a puppy into their lives–as well as those who have already brought a dog home–Cesar Millan, the preeminent dog behavior expert, says, “Yes, […]

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Black & Decker: The Complete Guide to Wiring, 5th Edition – Editors of CPi

The Complete Guide to Wiring has been America’s very best-selling consumer wiring book for more than a decade, with previous editions selling more than 1 million copies. This fifth edition has been updated to comply with 2011-2013 Electrical Codes. It also includes an all new Home Automation chapter, as well as major revisions to lighting and ventilatio […]

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A Big Little Life – Dean Koontz

NEW YORK TIMES BESTSELLER In a profound, funny, and beautifully rendered portrait of a beloved companion, bestselling novelist Dean Koontz remembers the golden retriever who changed his life. A retired service dog, Trixie was three when Dean and his wife, Gerda, welcomed her into their home. She was superbly trained, but her greatest gifts couldn’t be taught […]

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Index Chaotica: Eye of Terror – Games Workshop

The Eye of Terror is a giant Warp rift into which the Traitor Legions fled after the Horus Heresy. Time flows differently within the Eye of Terror, and there are many Daemonic worlds inside. Pouring forth from this rift come numerous Chaos incursions to plague the Imperium. About This Series: Though the Chaos Space Marines were once heroic defenders of Manki […]

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Warhammer 40,000: The Rules – Games Workshop

There is no time for peace. No respite. No forgiveness. There is only WAR. In the nightmare future of the 41st Millennium, Mankind teeters upon the brink of destruction. The galaxy-spanning Imperium of Man is beset on all sides by ravening aliens and threatened from within by Warp-spawned entities and heretical plots. Only the strength of the immortal […]

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Dot Earth Blog: Giving Musical Thanks on Thanksgiving

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End of an Era in Coal Country, Utah

The Carbon Power Plant, the state’s oldest coal-fired power plant, is set to close by April 2015, a result of new stricter federal pollution regulations. This article:   End of an Era in Coal Country, Utah ; ;Related ArticlesA Part of Utah Built on Coal Wonders What Comes NextBattling Flames in Forests, With Prison as the FirehouseNational Briefing | Health: Retirement Secured for Chimpanzees ;

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End of an Era in Coal Country, Utah

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A Part of Utah Built on Coal Wonders What Comes Next

The Carbon Power Plant, the state’s oldest coal-fired power plant, is set to close by April 2015, a result of stricter new federal pollution regulations. Excerpt from:  A Part of Utah Built on Coal Wonders What Comes Next ; ;Related ArticlesBattling Flames in Forests, With Prison as the FirehouseNational Briefing | Health: Retirement Secured for ChimpanzeesOp-Ed Contributor: A Bird Whose Life Depends on a Crab ;

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A Part of Utah Built on Coal Wonders What Comes Next

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National Briefing | Health: Retirement Secured for Chimpanzees

President Obama signed a bill removing a cap on spending for federally owned chimpanzees in sanctuaries. The change does not involve any budget increase. Original link –  National Briefing | Health: Retirement Secured for Chimpanzees ; ;Related ArticlesA Part of Utah Built on Coal Wonders What Comes NextWhy Climate Change Skeptics and Evolution Deniers Joined ForcesPolar Bear Numbers in Hudson Bay of Canada on Verge of Collapse ;

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National Briefing | Health: Retirement Secured for Chimpanzees

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Thanks for the waves

When you don’t have waves… be thankful for when you do. Continued: Thanks for the waves ; ;Related ArticlesEmbracing the surfboard fin while moving ocean conservation forwardDrinking fountain comes full circlePunk rock environmentalism, Pennywise takes the stage ;

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Thanks for the waves

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The Illegal Vodka Pipeline You Never Knew Existed

Mother Jones

On Monday, a pipeline transporting molasses from a storage tank to a ship burst, spilling 233,000 gallons of sugary syrup into Honolulu Harbor. The disaster has devastated marine life and sent local agencies scrambling to clean up. But there was another obvious takeaway: Really, molasses moves in pipelines?

Yes, and it’s not alone.

Molasses

BW Folsom /Shutterstock

Length: Unknown

Where: Honolulu

Used by: Shipping company Matson Navigation

Status: Still active.

Vodka

kaband/Shutterstock

Length: .3 miles

Where: Kazakhstan to Kyrgyzstan

Used by: Smugglers

Status: Shut down by Kyrgyz customs officials in August.

Vodka

Denys Prykhodov/Shutterstock; Aaron Amat/Shutterstock

Length: 1 mile

Where: Russia to Estonia

Used by: Smugglers

Status: Shut down by customs officials in 2008.

Moonshine

Everett Collection/Shutterstock

Length: 2 miles

Where: Belarus to Lithuania

Used by: Smugglers

Status: Shut down by customs officials in 2004.

Fried chicken

Brent Hofacker/Shutterstock

Length: 650 feet

Where: Egypt to Gaza City

Used by: Smugglers, charging $27 for a 12-piece bucket of KFC.

Status: Still open. Maybe.

(Ed: This is more of a pipeline in a metaphorical sense, but it does pass through a tunnel.)

Beer

Darren J. Bradley/Shutterstock; Valentyn Volkov/Shutterstock

Length: 3.1 miles

Where: Gelensekirchen, Germany

Used by: Veltins Arena, home of the soccer club Schalke 04

Status: Still active.

Whiskey

Tim Stirling/Shutterstock

Length: Unknown

Where: Windsor, Ontario, Canada

Used by: Canadian Club founder Hiram Walker, to transport mash from his distiller to his farm.

Status: No longer active.

Orange juice

Sfocato/Shutterstock

Length: 1.2 miles

Where: Brazil

Used by: Cutrale, a Coca Cola subsidiary, to transfer fresh-squeezed juice from storage silos to pasteurization facility.

Status: Still open.

Grain

David Rose/Shutterstock

Length: TBD

Where: Montana to Minneapolis; Portland; or Lewiston, Idaho

Used by: Proposed by Montana legislature in the 1970s in response to rising freight transportation costs.

Status: Never built.

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The Illegal Vodka Pipeline You Never Knew Existed

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Los Angeles bans the bag

LA passes a bag ban Continue reading here –  Los Angeles bans the bag ; ;Related ArticlesLove Trestles? Show up tomorrow.Here’s your sick note for International Surfing DayThe three best surfing ads of the year? ;

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Los Angeles bans the bag

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