How much are oil and natural gas worth? I’m not asking how much a barrel of sweet crude is going for these days or what your gas bill from the utility company was last month. The real question isn’t how much fossil fuels cost in terms of dollars, but rather, what is worth sacrificing in their pursuit? Since the physical process of extracting oil and gas tends to severely despoil the surrounding environment, asking how much oil and gas are worth is akin to asking what nature is worth.
The Latest On: Oil
(Trip Van Noppen is President of Earthjustice)
More than 130 heads of state, other leaders, and some 50,000 participants from all over the globe are gathering this week in Rio de Janeiro, the most-visited city in the southern hemisphere, for the Rio+20 Earth Summit. I am here with Martin Wagner, head of the Earthjustice International program, and Erika Rosenthal, Earthjustice attorney and veteran of many international environmental negotiations, and we want to share a few glimpses into what is going on as this historic event unfolds.
As I write this, ships are being prepared to steam northward from several ports to begin poking holes in the floor of the Beaufort and Chukchi seas in search of oil.
Thanks to legal action by Earthjustice over the last few years, and thanks also to a one-year time-out called in the wake of the catastrophic blowout in the Gulf of Mexico in 2010, the drilling has been forestalled, but it could finally begin this July. Legal challenges are still pending, but the odds seem long against them.
That said, this is closer to the beginning of this struggle than to its end.
Australia announces world’s largest marine reserve
The Obama administration is all ears—deaf ones—when it comes to dire warnings about drilling in the Arctic made by scientists, policymakers, international figures and celebrities.
Climate scientists warn that Earth’s tipping points are at the tipping point
Forget Fritos: Air pollution may be making people fat
College students crush plastic water bottles, industry wines