Coal Bubblenomics: Bank of America Backs Away From Coal Financing

Yesterday Reuters reported: Bank of America announced Wednesday it will reduce its financial exposure to coal companies, acknowledging the risk that future regulation and competition from natural gas pose on the industry. The bank announced its new coal policy at its annual meeting, saying it would cut back its lending …

Arguments Against Decarbonization Crumble, Fossil Fuel Divestment Momentum Builds

By Walter Borden Two recent reports challenge the conventional wisdom that decarbonization via carbon taxes or other methods in concert with divestment from fossil fuel marketers means diminished prosperity. Both reports were widely covered and come from authoritative international groups. Both the New Climate Economy Project  and a working paper …

Solar Power Usage in US and EU Builds, Policy Innovation Falters

By Walter Borden Here at the midpoint of 2014, solar power technology continues its advance while its marketplace momentum builds. Economic policy and commercial efforts designed to induce commercial innovation must keep apace.  And there are pockets of progress in the political economics of deploying solar. Take for example this …

Position Statement: Heed Scientific Consensus, Decarbonize Economy, Pair Policy Innovations with Technological Breakthroughs

By Walter Borden Science and Sustainability We at Fund Balance are concerned that the only mention of climate change in President Barack Obama’s 2012 State of the Union address was “The differences in this chamber may be too deep right now to pass a comprehensive plan to fight climate change.” …

The True Cost of Fossil Fuel: Oil and Petrodollars

By Walter Borden “The conservation of natural resources is the fundamental problem. Unless we solve that problem it will avail us little to solve all others.”  Theodore Roosevelt What’s In a Petrodollar? Fossil Fuel producing nations should extract their resources consistent with the health needs of their people, air, land, …