Editorial - The
end of the “Age of Fossil Fuels” is fast approaching. More
leaders are speaking out against the use of fossil fuels as
scientific data mounts showing it is leading to destructive global
climate change. Fortunately, competitive alternative energy sources
and new technologies now exist that can be used as the world starts
to phase out its use of oil and coal to generate energy.
Another
clear sign that the end of the “Age of Fossil Fuels” is now upon
us can be seen in the growing movement by individuals and large
organizations to divest themselves of stock holdings in “Big Oil”
and other fossil fuel companies.
To
support these claims, check out the following news and information
published over the past two months:
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As
previously reported, Church of England to sell off oil and coal
interests over climate change concerns
- http://www.cbc.ca/1.3056382
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Shell
to cut 6,500 jobs as cheap oil hurts profits; another sign of the
slow demise of Oil Energy industry over the coming decade -
http://usat.ly/1I3ztYe
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Latest
Annual Report on Climate Change Shows Unstoppable Ocean Warming. Pay
attention! -
http://goo.gl/KKfIyn
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As
you can see, “Big Oil” keeps lobbying hard and pushing ahead with
their attempts to keep us all hooked on fossil fuels for as long as
they can, no matter what the cost to our planet.
As
the 'Age of Fossil Fuels' slowly comes
to an end, oil companies are racing to drill for oil in every
sensitive environmental location on Earth they can find while
they can -
off the Carolina coast, in the Arctic ocean, at
the North Pole, off
California's
coast, near sensitive underwater reefs...
One
would thing that if “Big Oil”companies want to survive in this
21st century, they would be trying to invest heavily in
the growing alternative energy industry - solar power,
hydro-electric, wind energy, fuel cells, nuclear
power... Unfortunately, that
doesn't yet appear to be happening. Their focus is still on the short
term, driving the cost of oil down, and keeping the world hooked on
the use of costly, polluting fossil fuels.
Fortunately,
we now know that strategy will fail over the long term and more and
more individuals and companies will continue to divest themselves of
stocks in these companies if they don't change. What do you think?
Give us your feedback on the Future of Energy in America.