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Exxon said it now believes the threat of climate change is clear and warrants action.
In response to the divestment movement, many oil industry leaders have said millions of people in the developing world would be condemned to darkness and poverty if society were to halt the burning of fossil fuels before there is ample supply of cleaner energy sources.
Rockefeller Family Fund hits Exxon, divests from fossil fuels
The Rockefeller Family Fund said on Wednesday it would divest from fossil fuels as quickly as possible and “eliminate holdings” of Exxon Mobil Corp, saying the oil company associated with the family fortune has misled the public about climate change risks. Though only a sliver of the endowment’s modest $130 million in assets is invested in fossil fuels, the move is notable because a century ago John D. Rockefeller Sr. made a fortune running Standard Oil, a precursor to Exxon Mobil. The charity said it would also divest from coal and Canadian oil sands. Given the threat posed to the survival of human and natural ecosystems, “there is no sane rationale for companies to continue to explore for new sources of hydrocarbons,” the Rockefeller Family Fund said... READ MORE
According to Bloomberg, Kinder Morgan shareholders have lost $3.44 billion in dividends, followed by the second biggest losses among ConocoPhillips shareholders, at $2.42 billion. Anadarko Petroleum Corp. shareholders have lost $447 million, while Crescent Point shareholders have lost $318 million and Devon Energy shareholders have lost $276 million.
Which is bad news not so much for the Canadian Dollar, which will certainly devalue in the coming months as the market prices in what a massive surge in deficit spending means although so will all other currencies as the global debasement race accelerates once more in a few short months, but for bank depositors, because deep inside the budget announcement, in the section discussing "tax fairness and a strong financial sector", we have official confirmation that Canada has just become the latest country to treat depositors as the bank creditors they are, and as such, they too will be impaired, or "bailed-in" the next time a Canadian bank needs to be rescued.
Currency and debt swaps, market interventions, global currency devaluation, and are windfall taxes coming on gold and silver? The rules are going to be changing! Burack lays out how you can educate yourself to rise above the herd and see the signs ahead of the coming critical events that you need to prepare for now. Get ready for an eye-opening and information-packed deposit of unconventional wisdom - don't miss it!
Mercury Rapidly Spreads to Land Foods
Dartmouth-led study illuminates pollutant's movement from aquatic to land food webs
You taste like mercury, said the spider to the fly
HANOVER, N.H. - More mercury than previously thought is moving from aquatic to land food webs when stream insects are consumed by spiders, a Dartmouth College-led study shows.
The findings, which appear in the journal Ecological Applications, shed new light on the influence of dissolved organic carbon in the spread of mercury contamination. A PDF is available on request.
Mercury concentrations in aquatic environments have increased globally, exposing consumers of aquatic organisms to high mercury levels. Exposure to mercury depends on their food sources as well as environmental factors influencing mercury's bioavailability. The majority of the research on the transfer of methylmercury, a toxic and bioaccumulating form of mercury, between aquatic and terrestrial food webs has focused on land carnivores that primarily eat fish. But a gap exists in our understanding of the factors regulating methylmercury bioaccumulation by other terrestrial predators, specifically consumers of adult aquatic insects.