'Life Can Be So Sweet, On The Sunny (Green) Side Of The Street'
There's been much worry over the credit crisis limiting investment in renewable energy and more efficient vehicle development. There's also a fair amount of concern over the 2X+ carbon debit of Tar Sands oil extraction and processing. So much darkness. So little to smile about.
With oil prices falling and with widening awareness of a climate crisis, gilding could soon be peeling off the tar sands facade.
John Sauven, executive director of Greenpeace, said his organization had always known that tar sands were a risk to the climate "but now it's becoming clear that they're a risk to the bottom line as well". ..The NGOs also point to an "unrealistic" reliance on untested carbon capture and storage technology, which has been highlighted by Shell as a means for reducing CO2 emissions.Via::Guardian UK, Environment: Tar sands - the new toxic investment
But wait...there's more.Efficient vehicles continue to move off US car-dealer lots, which means that customers get that the lower gas prices are transitory.
Marketing VPs and CFOs that drove SUVs and MegaTrucks off the design cliff are constrained - for the time being.
About half the vehicles sold by Group 1 dealers are made by Toyota Motor Corp. (TM) or Honda Motor Co. (HMC).Via:Morningstar, US Auto Retailers Post Big Losses, Move To Cut Costs
When Detroit and supply chain jobs do come back, they will be supporting a more sustainable fleet.
As for tar sands development: POP!
Inspirational credit: YouTube, Louis Armstrong, On the Sunny Side of the Street
Original Song Lyrics for "On The Sunny Side Of The Street" by: J. McHugh/D. Fields
Image credit:Ipernity, Sunny Side of the Street (excerpt) AND La Brea Tar Pits Page Museum, Tar Bubble
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