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Ethical Oil, the Sub-Prime Mortgage Scandal and The Next Great Generation

We are living in difficult times. The ongoing economic crisis started by the 2008 Sub-Prime Mortgage Scandal has all of us thinking about our future. We are vulnerable to unethical appeals to our anxiety in the form of quick fixes and easy profits. The promise of "Ethical Oil" is the worst of these appeals. We have to resist. Even more, we have to take decisive actions that the current leadership will not. To quote a famous man, we have an ordeal before us of the most grievous kind and we need a new generation of leadership to tackle it. We need the next Great Generation.

In 2008, world financial markets collapsed in dramatic fashion due to unethical investment practices, particularly in the previous five years. Toxic subprime mortgages had been injected like a virus into securities like Collateralized Debt Obligations (CDOs). Investment banks around the world were in on this scam and kept pushing it far beyond the point where it was obvious something had to give. Last year, the U.S. Financial Crisis Inquiry Commission concluded:

"the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels.“


Read more: Ethical Oil, the Sub-Prime Mortgage Scandal and The Next Great Generation

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Radionuclides Tied To Shale Gas Fracking Can't Be Ignored As Possible Health Hazard

Comic books tell us that it's cool to be a superhero. Sometimes those superheroes started out as everyday citizens that became irradiated and suddenly transformed into epic, superhuman, ninja-fighting dynamos with abilities and powers that far outweigh regular human abilities, such as remembering anniversaries, calculating your own taxes, being able to answer every Jeopardy question, or tetrachromacy.

However, we know in real life that radiation, especially at dangerous levels, can cause burns, hair loss, ulcers, chromosomal deterioration, weakened immune systems, and cancer in the form of leukemia when it concentrates in the bones. Radiation is more likely to destroy our genetic code than to alter it to give us invisibility superpowers.

So why is radiation not more prevalent in the discussion about fracking? We've learned over the past couple of years about other health impacts from fracking - such as the hundreds of cancer-causing chemicals used in the fracking process and the health effects such as lost sense of smell and taste, headaches, respiratory problems, and cancers reported by citizens near oil and gas drilling sites. News coverage of fracking dangers often focuses on the threat of water contamination, the toxic fluids used in fracking operations and how it isn’t always disposed of properly, and the all-time favorite made world-famous by "Gasland": flaming water.

Yet we don't hear a lot about how oil and gas fracking can concentrate existing radionuclides, presenting the risk of human contact through disposal or handling, posing another possible health risk for the public and workers in the industry.


Read more: Radionuclides Tied To Shale Gas Fracking Can't Be Ignored As Possible Health Hazard

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US Chamber of Commerce Jobs Plan Rehashes Old, Debunked Talking Points

The U.S. Chamber of Commerce released its “The State of American Business 2012” plan this week, outlining their own vision of how to create jobs in America. There were no surprises in Chamber President Tom Donohue’s address to business leaders. He simply rehashed the same tired talking points that we’ve seen from them for years.

In addition to enacting what they call a “globally competitive tax code” and “fixing our broken immigration system,” the Chamber threw out some classic gems that persist despite being able to withstand the truth test. From their newly launched FreeEnterprise.com website:

Produce American Energy and Rebuild Infrastructure. Approve the Keystone XL pipeline to put up to 250,000 Americans to work over the life of the project while preventing the EPA from enacting new regulations on fracking that sabotage a natural gas revolution. Complete Federal Aviation Administration reauthorization, which is more than four years delayed, to strengthen our aviation system and deploy the NextGen air traffic control system. Renew surface transportation funding legislation before it expires in March and invest in water infrastructure.

Advance Regulatory and Legal Reform. Pass the Administrative Procedure Act to restore sound science, quality data, and common sense to the regulatory system while curbing regulatory overreach by EPA and the National Labor Relations Board. Stop the expansion of liability at home and abroad that is sucking the vitality out of our nation’s job creators.

Put more bluntly, this is the Chamber's message: Do away with environmental and health protections and let the same companies that brought us the disaster in the Gulf of Mexico and countless other "accidents" expand oil drilling, fracking, and other dirty energy extraction methods in every possible place. "Trust us, we're experts," they say.


Read more: US Chamber of Commerce Jobs Plan Rehashes Old, Debunked Talking Points

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Cozy Ties: Astroturf 'Ethical Oil' and Conservative Alliance to Promote Tar Sands Expansion

As the Northern Gateway Pipeline Project Joint Review Panel begins hearing over 4,000 comments submitted by community members, First Nations, governments, and environmental groups, the tar sands front group EthicalOil.org has launched its latest PR offensive in support of the pipeline. OurDecision.ca, the new astroturf ad campaign, is another dirty PR attempt to undermine the real and growing grassroots opposition to Big Oil’s plans to ram through this destructive pipeline. 

The controversial Northern Gateway project is opposed by 70 First Nations and a majority of British Columbians, who fear the inevitable oil spills that will accompany tar sands expansion, and in particular the threat of offshore tanker accidents on BC’s coast.

Viewers of Ethical Oil’s disingenuous new ad campaign aren’t being told about the intricate web of industry influence peddlers behind the effort and their connections to the Harper government and oil interests. In the middle of this web is Hamish Marshall, a Conservative strategist deeply connected to oil interests as well as both the Conservatives and ultra-right wing Wildrose Alliance Party. In this case, the lines between politics and big business interests are so blurred, it is nearly impossible to distinguish them.


Read more: Cozy Ties: Astroturf 'Ethical Oil' and Conservative Alliance to Promote Tar Sands Expansion

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‘Theoretically, Super Fracking Would Be Super Bad’: Gas Industry Touts Even More Extreme Drilling

According to Halliburton, one of North America’s largest hydraulic fracturing operators and suppliers, the “frack of the future” has arrived. Hoping to both increase well production and lower production costs, Halliburton is one among a crowd of energy companies looking to overhaul their fracking operations with new – and more powerful – methods.

Coined by Bloomberg as “super fracking” the gas industry is celebrating this new catalogue of high-intensity fracking technologies, dedicated to creating deeper and longer fissures in underground formations to release ever-greater amounts of the oil and gas trapped there. 

As Bloomberg reports, Halliburton, Baker Hughes and Schlumberger are each investing heavily in advanced fracking technologies.  Baker Hughes’ “DirectConnect” technology aims at gaining deeper access to underlying oil and gas deposits while Schlumberger’s “HiWay” forces specially developed materials into fractures to create widened pathways for oil and gas flow.  Schlumberger now supplies over 20 oil and gas operators with “HiWay” technologies, up from only two a year ago.

David Pursell, a former fracking engineer now consulting for Tudor Pickering Holt & Co. represents yet another method, one aimed at more completely shattering the rock comprising oil and gas reservoirs. “I want to crack the rock across as much of the reservoir as I can,” he told Bloomberg, “that’s the Holy Grail.” 

Read more: ‘Theoretically, Super Fracking Would Be Super Bad’: Gas Industry Touts Even More Extreme Drilling

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Does PolitiFact Adequately Cover Scientific Misinformation? Well, Sort Of

I’ve been harping a lot lately on the fact-checkers, like PolitiFact, and how they too often fall for a type of phony journalistic “balance” that those of us who practice science journalism as a trade have long abhorred.

And then it occurred to me: Maybe the deep difference between science journalism and political journalism is part of the core reason why political fact-checkers seem so often to do their job as if politics is a horse race—striving to regularly ding Democrats, even when Republicans are really ginning up the vast majority of the most severe and systemic political falsehoods.

After all, as a science journalist, I’ve come to denounce media “balance” on issues like evolution and global warming precisely because…well, because I know how to report on the science of evolution and global warming. And knowing how to report on that science has, in turned, shown me how solid our body of knowledge in these areas really is—and thus, how extensively out of touch conservatives are.

But learning how to practice journalism in this way—well, that takes some doing. It doesn’t happen overnight; it’s a journalistic speciality.

So if political fact checkers don’t really know much about how to report on science—one of the chief areas in which Democrats and Republicans are unequal when it comes to spewing misinformation—then perhaps it's no wonder they're so prone to falling for phony "balance." They simply haven’t had the behavior drilled out of their heads enough, through reporting on issues where "balance" just isn't an option.

I wanted to test this idea, so here’s what I did. I went to PolitiFact and searched its archives for the word “evolution,” just to see how often the site had grappled with a very prominent scientific issue where Republicans and conservatives have an overwhelming tendency to be factually incorrect and make false claims—and where, by any stretch, a “balanced” approach is utterly inappropriate.


Read more: Does PolitiFact Adequately Cover Scientific Misinformation? Well, Sort Of

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Shale Gas Bubble: Bloomberg News Confirms NY Times Finding That Fracking Boom Is a Bust

As news outlets across America take a more rigorous look at shale gas and fracking issues, it’s encouraging to see how the media coverage is finally starting to cut through the oil industry’s misleading rhetoric to explore the realities of the myth of gas as a viable ‘bridge fuel.’

The gas industry’s loud-mouthed front group, Energy In Depth, repeatedly attacked The New York Times for their excellent Drilling Down series last year, focusing particular ire on journalist Ian Urbina. EID’s penchant for attacking the messenger shows no sign of letting up in 2012, but as other news outlets look more closely, they are not only confirming what the NY Times series found, but also adding additional evidence of the many problems with shale gas development.

The latest effort from Bloomberg News, “Shale Bubble Inflates on Near-Record Prices,” illustrates how the media’s grasp of the unconventional energy industry landscape has evolved and improved in recent months. 

This excellent reporting by Bloomberg confirms many of the facts that The New York Times reported last summer in “Insiders Sound an Alarm Amid a Natural Gas Rush” and “Behind Veneer, Doubt on Future of Natural Gas.”

While many major outlets have covered the myriad environmental and public health risks of fracking and related drilling practices, the NY Times and now Bloomberg have both exposed the fact that the economics of risky and expensive unconventional gas recovery simply don’t match up with industry geologists’ claims of a “nearly limitless” supply.

Investors are increasingly taking notice of the unpredictable nature of this industry and questioning its risky behavior. Is there really as much gas down there as the industry claims? If so, how much is economically recoverable?


Read more: Shale Gas Bubble: Bloomberg News Confirms NY Times Finding That Fracking Boom Is a Bust

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Unethical Oil and Its Friends

This is a guest post by Ian, originally published on The Real Story


A year ago Enbridge CEO Pat Daniel announced a new foreign partner for its Northern Gateway Pipeline project.

Daniel told a meeting in Whistler, BC that Sinopec, China’s second largest oil company, was investing an undisclosed amount in the pipeline approval process in return for a guaranteed place on the pipeline and the right to pony up for an equity stake in the $5+ billion project.

Enbridge’s Northern Pipeline project is a dual pipeline designed to deliver tar sands oil to tanker ports in Northern BC for delivery by tanker to refineries in China and other points east.  The pipeline approval process starts next month in Kitimat and is estimated to take up to 18 months.

Fast forward a year.  An oil industry front group headquartered in the office of Alberta tar sands legal specialists McLennan Ross announces it will be launching an advertising campaign attacking Northern Gateway critics.   The front group refuses to disclose its funding source for the ad campaign.

The group, Ethical Oil, was set up by refugees from the Tory war room, Sun News and Prime Minister Harper’s office.  It’s ad campaign claims that opponents are serving the energy interests of foreign powers and companies with ethically challenged records.

But here’s a question.


Read more: Unethical Oil and Its Friends

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The Fracking Job Creation Myth

The prospect of job growth in the United States has been a major selling point for industry in the four years since the beginning of the recession. And even with positive gains being made in the job sector over the last year and a half, unemployment is still hovering around 8.5%. That is why unemployed Americans are still eager to jump onto plans that promise to create much-needed jobs in our country.

The dirty energy industry is well aware of the fact that promising jobs in these times can get you ahead, and they are using this to their advantage. In an attempt to push for increased hydraulic fracturing (fracking), the industry is touting the alleged job creation benefits of the practice. They are pitching fracking as a snake oil salesman would pitch a “cure-all tonic,” claiming that allowing them to continue fracking and drilling activities will help our economy by creating jobs and it will help our country by solving our energy problems.

But fracking has been going on for decades, the industry likes to remind us, although it has picked up tremendous steam in the last 5 years with the advent of directional drilling. So where are all those hundreds of thounsands of jobs that we’ve been promised? The answer to that question is simple: They don’t exist - At least not in the numbers the industry wants us to believe.

Helene Jorgensen from the Center for Economic and Policy Research outlines how the dirty energy industry has tried to hoodwink the American public:


Read more: The Fracking Job Creation Myth

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BP Launches PR Blitz To Repair Image

College football fans aren’t the only ones who’ll be paying close attention to what’s happening in Louisiana this evening – BP is hoping that tonight’s BCS championship game will be the ultimate payoff for their aggressive public relations campaign which is aimed at convincing the American public that the oil from the Deepwater Horizon oil rig disaster has disappeared, and that they can come back to the Gulf Coast without fear of finding oily beaches.

For the last few weeks, those of us on the Gulf Coast have been inundated with ads from BP, telling us that they’ve made good on their promise to clean up the mess from the April 2010 oil rig explosion that released millions of gallons of crude oil into the Gulf of Mexico. This multi-million dollar ad campaign is their last-ditch effort to bring tourism back to the economically-depressed Gulf Coast.


The Associated Press lays out the key elements of BP’s new campaign:


Read more: BP Launches PR Blitz To Repair Image

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About the climate cover-up

Democracy is utterly dependent upon an electorate that is accurately informed. In promoting climate change denial (and often denying their responsibility for doing so) industry has done more than endanger the environment. It has undermined democracy.

There is a vast difference between putting forth a point of view, honestly held, and intentionally sowing the seeds of confusion. Free speech does not include the right to deceive. Deception is not a point of view. And the right to disagree does not include a right to intentionally subvert the public awareness.

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