Tobacco, Asbestos… Now Big Oil

“Rising seas are already eroding San Mateo’s coast, and the county will need to spend billions of dollars on new sea walls and other infrastructure to protect itself in the years to come. So in July, San Mateo, along with Marin County and the city of Imperial Beach, sued 37 fossil fuel companies, arguing that they should help pay for the damage their products cause.”
 
See Better climate science has opened the door to lawsuits against Big Oil
I’m old enough to remember when big lawsuits against tobacco and asbestos began to bite. The world is a better place now because of them. Now, it’s the turn of Big Oil. The insanity of returning hundreds of millions of years of CO2 to the atmosphere in a century or so could be recognized in court and prosecuted for what it is, gross negligence.

The results could be enormous:

  • Huge drops in profitability for Big Oil and coal
  • Rapid cuts to production of oil and coal
  • Rapid investment in renewable electricity
  • Rapid investment in EVs

This could be good. I might even live long enough to see it happen even with Trump propping up dirty/criminal energy.

About Robert Pogson

I am a retired teacher in Canada. I taught in the subject areas where I have worked for almost forty years: maths, physics, chemistry and computers. I love hunting, fishing, picking berries and mushrooms, too.
This entry was posted in investing, politics, technology and tagged , , , , , , , , . Bookmark the permalink.

34 Responses to Tobacco, Asbestos… Now Big Oil

  1. Grece says:

    Bolt is MSRP from $43,195 while Solo is $19888

    None of that matters Robert, as the SOLO could be free, as in ZERO and you still will NEVER GET YOUR SOLO EVER.

  2. ram says:

    Big oil’s own climate modelling in the early 1980’s knew about the global warming they would cause if there were not massive reforestation programs in place and careful control of petroleum production and emissions.

  3. jamaf wrote, “Faster 0-60, 10, yes 10 Air bags, ABS, much longer range, Standard AC, seating for 5, infotainment system with Apple airplay, lane keep assist, Actually qualifies for the BC government EV incentive (Solo doesn’t at this point) Actually has multi level regenerative braking (Solo has regenerative coasting not braking) the list goes on…”

    Let’s look at the other end of the list:

    • Bolt 4.3 miles/kWh, Solo is 6
    • Bolt is MSRP from $43,195 while Solo is $19888
    • The BC incentives follow this rule: “BC Ministry of Energy and Mines has established incentive amounts based on vehicle type and battery capacity. Battery electric, fuel cell vehicle and plug in hybrids above a 15kWh capacity are eligible for the full incentive amount up to $5,000”. That should include the Solo even if it’s not on the list. EMV needs to submit an application to have Solo put on the list.
  4. Grece says:

    Hmmmm… another one bites the dust.

    http://soloowners.net/showthread.php?tid=882#

    After test driving a Chevy Bolt I was sold. Faster 0-60, 10, yes 10 Air bags, ABS, much longer range, Standard AC, seating for 5, infotainment system with Apple airplay, lane keep assist, Actually qualifies for the BC government EV incentive (Solo doesn’t at this point) Actually has multi level regenerative braking (Solo has regenerative coasting not braking) the list goes on…

    With all the extra safety and added features the cool factor of the 3 wheel vehicle seemed to fade.

  5. Grece says:

    Regarding the Doctor’s comment, yes Robert, why don’t you build your own? Evangelize Jerry to the way of open source and FOSS.

  6. Grece wrote, “Robert cannot lay-up fiberglass”.

    Been there, done that. Built a sailboat. I expect no welding would be required. Those weldments are all done by contractors/suppliers to EMV. Same with the body.

  7. Grece says:

    Robert cannot lay-up fiberglass let alone carbon-fiber. To add, his welding skill sucks, forget TIG/MID welding an aluminum chassis. Wiring a motor and batteries?…he’d be lucky if he doesn’t burn his house down.

  8. DrLoser wrote, “why don’t you just build one yourself, Robert?”

    I would gladly do that. I assembled the giant rototiller. Solo is about the same degree of difficulty. I might need to throw a couple of pizza-parties to attract some helpers but it would work.

  9. DrLoser says:

    I know a thing or two about building stuff and what it costs. Solo is designed to be easy to assemble. It has very few parts and most are COTS with no special customizations.

    So, why don’t you just build one yourself, Robert? It’s the only way you’ll ever see one.

  10. kurkosdr wrote, “Pog is the dude who thought a massive PCI Express bus can be paired to a tiny phone SoC and work, which is the reason he was the only person to be surprised when LeMaker said couldn’t deliver”.

    Red Hat had a working version in their hands. AMD messed up in a big way.

  11. kurkosdr says:

    But anyway, Pog is the dude who thought a massive PCI Express bus can be paired to a tiny phone SoC and work, which is the reason he was the only person to be surprised when LeMaker said couldn’t deliver, so I expect him to be the only person to be surprised when EMV tells him he is not getting a Solo. And just like his Beast is still serving as his main computer, his wife will keep chauffeuring him around in her SUV for the foreseeable future.

  12. kurkosdr wrote, “EMV is in the business of convincing gullible Canadian fools that the Solo can be produced at volume at the promised price at Jerry’s garage with very little automation, huge labour costs per unit and an uncertain supply for the custom parts the Solo needs.”

    I know a thing or two about building stuff and what it costs. Solo is designed to be easy to assemble. It has very few parts and most are COTS with no special customizations. I think Solo is “overpriced” but from the maker’s point of view it’s just profitable. Labour is minimal, assembly being about 4h from 4 people, ~$1K per Solo. That makes Solo attractive to investors and it makes it easy to ramp up production. The design of the custom parts are pretty simple and digital so suppliers can easily be found should any supplier go under or drop out.

  13. kurkosdr says:

    That’s doubtful unless EMV is not actually in business to make money.

    EMV is in the business of convincing gullible Canadian fools that the Solo can be produced at volume at the promised price at Jerry’s garage with very little automation, huge labour costs per unit and an uncertain supply for the custom parts the Solo needs. Jerry and his team will produce Solos for the first lucky few dozens (aka him and his friends) using the money from the hundreds of gullible people who sent pre-oders, and he also gets to play the entrepreneur in Dragon’s Den and build fame about his custom body shop. You get to brag about going electric for only $100 while getting transported for $free in your wife’s comfortable airbag-equipped SUV without environmental guilt, so I guess it’s a fair exchange.

  14. Grece repeated, in all CAPS this time, “YOU WILL NEVER RECEIVE YOUR SOLO ROBERT.”

    That’s doubtful unless EMV is not actually in business to make money. They designed Solo pretty well for my purposes. They made it easy to build. They have at least one assembly line and others contracted. Solo passed certification tests. I don’t see any barrier to me getting my Solo late this year or early next year.

  15. Grece says:

    I still don’t have a good idea when I will receive my bright RED Solo but winter of 2018/2019 is likely if the assembly lines spring into action soon.

    YOU WILL NEVER RECEIVE YOUR SOLO ROBERT.

    Learn to read, the writing on the wall and what all of us here are telling you.

  16. Grece wrote, “so all the outlying planets have existing life”.

    I did not write “all methane is begotten by life.” Learn to read.

  17. Grece wrote, “does Robert know about another form of pollution caused by lightning?”

    Yes, I do. I’ve smelled it after a thunderstorm. It’s just fine in small quantities and it can fertilize the soil. It’s good for plants.

  18. Grece says:

    China holds the record for CO2 emissions, coming in at 30% But does Robert know about another form of pollution caused by lightning? Probably not, but like most fools, they ignore the real culprits.

  19. Grece says:

    Hmmmm…

    Life begets methane

    Astonishing Robert, so all the outlying planets have existing life, who knew but you! Perhaps you should debate Neil deGrasse Tyson or Michio Kaku and extrapolate the Drake equation, which was recently updated.

  20. kurkosdr says:

    Then US and EU don’t need either.

    Exactly. If China and India won’t have binding CO2 targets to others it only makes sense the US and EU don’t.

  21. Deaf Spy says:

    China has similar goals.

    Irrelevant, when faced with this:
    https://www.theguardian.com/world/2015/aug/14/air-pollution-in-china-is-killing-4000-people-every-day-a-new-study-finds

    It is not even about ICE vehicles. But of course, you keep quiet and applaud every crime China does to justify your opportunity to buy cheap crap from China. Like you deceased tractor 🙂

  22. Deaf Spy says:

    They don’t need targets for CO2 if they have targets for renewable energy.

    Then US and EU don’t need either.

  23. Grece wrote, “the term “fossil fuels” is a misnomer, as methane can be produced abiotically”.

    Again, Grece extrapolates from a specific example to a general conclusion in error. Life begets methane, coal and various hydrocarbons and a lot of fossil fuels are indeed descended from living things. Just ask the folks who drill for oil. They look for certain fossils to know they are on the right track. Coal and oil often contains actual fossils. That would not happen if methane was only a residue of the universe. Fossils are a relatively recent phenomenon. Even methane found diffused in granite is often a product of bacteria which live on rock. Further, fossil fuels are very dirty. Coal and oil often have to be washed to purify them enough for the intended use like lubrication or combustion. That’s because fossils are dirty, contaminated with carbonates/phosphates/silicates. Methane generated abiotically is quite pure in comparison, just something in the mix of polymers and compounds of carbon and hydrogen.

  24. Grece says:

    No one cares about China and India Robert, and quite frankly, oil use is not going away anytime soon.

    By the way, the term “fossil fuels” is a misnomer, as methane can be produced abiotically. The large outer planets and some of their satellites (Titan) seem to be swimming in gaseous and liquid methane. High temperature and pressure can polymerize methane to produce long hydrocarbon chains.

  25. kurkosdr wrote, “Do China and India have binding CO2 targets to others! No?”

    They don’t need targets for CO2 if they have targets for renewable energy. India’s target is 40% by 2030. They plan on permitting only EVs by then. China has similar goals. China was already 24% by 2015. China is planning to ban gas-guzzlers eventually but has announced extreme levels of fuel efficiency that can only be met by EVs.

  26. kurkosdr says:

    @mrpogson Stop posting irrelevant statistics about solar deployments and answer the simple question I directly asked: Do China and India have binding CO2 targets to others! No? Then it’s only fair “the Trumpists”are not going to have either.

    Nobody doubts that solar and renewables in general are a significant part of the energy mixture of any advanced country. It’s CO2 targets and penalties for the other parts of the energy mixture that are the reason for my question: Why should the US and EU have binding targets and penalties for those while China and India don’t? So industry goes to China and India? This one of the questions that got Trump elected btw.

  27. kurkosdr wrote, “India meanwhile doesn’t even care about the CO2 their industries produce”.

    Nonsense. Wikipedia: “India expanded its solar-generation capacity 8 times from 2,650 MW on 26 May 2014 to over 20 GW as on 31 January 2018. The 20 GW capacity was initially targeted for 2022 but the government achieved the target four years ahead of schedule. The country added 3 GW of solar capacity in 2015-2016 and over 5 GW in 2016-2017, the highest of any year, with the average current price of solar electricity dropping to 18% below the average price of its coal-fired counterpart.” India is up to 32% renewable energy so far. They are doing well while Trumpists wallow in the mud.

  28. kurkosdr says:

    India meanwhile doesn’t even care about the CO2 their industries produce, so why should the US and EU punish their industry and push more industry to India’s arms?

  29. kurkosdr says:

    But at the moment they can freely put out as much CO2 as their “plan” requires without any binding targets to others, which means the US and EU would be crazy to punish their own CO2 producers and push more industry to China’s arms.

  30. kurkosdr wrote, “Good luck getting China and India to fine their CO2 producers and Big Oil companies.”

    That’s not how China operates. The government does use “carrot and stick” but also sets national goals. Any business that wants a clear track has only to follow the suggestions of government. Business is thriving in China because they get a lot of green lights. At the moment, pollution has been identified as a big problem. Smog in Beijing etc. OTOH, China needs energy. The way forward is paved with renewable energy which China is developing as fast as they can.

  31. kurkosdr says:

    Good luck getting China and India to fine their CO2 producers and Big Oil companies. What will happen is production will head to those countries at a faster rate so some pretentious politicians and their donors (aka Soros) can boast how they are saving the earth while moving industrial production to other countries with more lax labour laws and much more lax water pollution regulations (which will make them a tidy amount of profit).

    This is how Trump got elected BTW. He named the practice of increased domestic CO2 regulation without imposing a CO2 tax on Chinese and Indian products for what it really is: A wide scale effort to de-industrualise the US and Europe.

  32. Deaf Spy wrote, ” What is your stance about China, which is currently among the largest industrial polluters?”

    China knows better and will do a good job of running its own affairs unlike USA currently. I think it’s great to have competition in markets that China provides. It looks like China will have great influence in Africa which USA neglects. I certainly take every opportunity to trade with China. Next purchases may be double-edged blades for my razor and solar panels to charge my Solo. China is way ahead of USA in renewable energy.

  33. Deaf Spy says:

    Then a law against volcanoes should passed, too. So much ashes, CO2 and Sulphur into the atmosphere, brr, that’s great negligence on behalf of Mother Nature.

    Btw, Robert, since you are so concerned about Nature. What is your stance about China, which is currently among the largest industrial polluters?

  34. Grece says:

    The results could be, in a pitiful sense, enormous Robert, >b>IF you ever accomplish the things you state on this blog. So far you track record has been dismal to see the least.

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