The Grid: Energy, Resources, Environment, Sustainability | Bloomberg

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Looking to buy a house? That’s great, unless you’re in your 20s and 30s and regularly read climate reports. They tend to project dramatic changes to the climate over the next 50 years, and given that current life expectancy is hovering around 80, we’ll likely be around to see it.

So. If you’re looking to settle down for the long haul, where’s the best place to do it?

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How to Stop Tax Inversions With a Carbon Levy. Seriously

Coal Plant

President Obama and legislators are embroiled in a debate over whether and how to punish companies that seek U.S. tax relief by buying a smaller foreign company and legally reincorporating in its country. So-called tax inversions are at a record high, and Obama has suggested it's not a victimless activity.

“It’s not right,” he said on August 6. “The lost revenue to Treasury means it has got to be made up somewhere, and that typically is going to be a bunch of hard-working Americans, who either pay through higher taxes themselves” or cuts to government services. (Would that some of his donors agreed...)

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Groups Sue EPA for Failing to Make Polluters Pay

Bloomberg BNA -- Seven environmental advocacy organizations have filed a lawsuit against the Environmental Protection Agency for letting polluters off the hook for contamination they caused, Earthjustice announced Aug. 11.

EPA has failed to issue key rules mandated by the Comprehensive Environmental Response, Compensation, and Liability Act, also known as the Superfund Act, that would help prevent major spills of hazardous substances, Earthjustice said in a statement.

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Bloomberg BNA -- The release of asbestos fibers from hundreds of roofs shattered by missiles fired on southern Israel from Gaza has caused a spreading environmental hazard, state authorities said, announcing a plan to remove and replace all asbestos roofs built in the border area before 2005.

Asbestos roofs in frequently targeted Gaza perimeter communities “are becoming a dangerous threat,” Environmental Protection Minister Amir Peretz said during a tour of the area Aug. 7.

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Bet Against the Seven Horsemen of the Apocalypse

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You know they're out there.

Even people still squeamish about one or another global mega-risk must, deep in their seats of reason, twitch at the thought of these things taking a toll:

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President Barack Obama

Here's the main problem with companies talking about how sustainable they are.

If environmental and social issues were as central to their operations as we're led to believe, then they would be discussed meaningfully in securities disclosures, lobbyists would bring them before Congress and retirement plans would invest by them.

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Earth Impact

Mt. Sinai Hospital in New York is testing a patient for Ebola. He recently returned from a trip to West Africa, where Ebola has killed some 900 people. In a lazy summer news cycle when people are dreaming about weekend margaritas and beach trips, Ebola has become the biggest news story since balloon boy. It shouldn’t be.

Ebola is spread through body fluids: blood and mucous and feces. It’s a big deal in Africa right now, largely because of lax quarantines and traditional funeral rites that include washing of the dead. If you live in a country with decent public-health infrastructure and haven’t been handling bodies or paying sick visits to patients with Ebola, you’re probably going to be just fine.

If you’re looking for a story to scare you out of your late-summer malaise, try one of these instead. In addition to being credible threats, they also have the benefit of being within your control to do something about:

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Shale Drilling Outpaces Research on Its Impact: Study

Bloomberg BNA -- Scientific understanding of the effects of hydraulic fracturing and other methods of extracting natural gas from shale rock has not kept pace with the rapid expansion of the industry in North America, leaving researchers with a limited grasp of what drilling could be doing to wildlife and plants, said a study published July 31.

The study in the peer-reviewed journal “Frontiers in Ecology” involved several U.S. and Canadian conservation biologists and organizations, and was led by British Columbia's Simon Fraser University.

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Russia Siberia Crater

A peculiar 100-foot crater opened up in a gas-producing region of northern Russia last month, and scientists are coming to initial conclusions about what caused it: Methane gas escaping from melting permafrost, possibly blowing through the ground in an explosion, according to reports.

Scientists' early assessment is just that, preliminary, but not without data behind it. The bottom of the crater tested for methane levels up to 9.6 percent of the air content, which is about 54,000 times normal levels.

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Bloomberg BNA -- A more stringent national ambient air quality standard for ozone could cost the U.S. economy up to $270 billion per year and force the closure of one-third of the nation's coal-fired power plants, according to a report commissioned by the National Association of Manufacturers.

The report, released July 31, outlines the economic effects of revising the current ozone standard of 75 parts per billion to 60 parts per billion, the lowest level being considered by the Environmental Protection Agency. The agency is under a court-ordered deadline to issue a proposal on whether to retain or revise the existing ozone standard by Dec. 1.

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About The Grid

Nations and companies face rising competition for strategic resources — energy, food, water, materials — and the technologies that make best use of them. That's sustainability. It's about the 21st-century race for wealth, health and long-term security, across the global grid.

Analyses or commentary in this blog are the views of the authors, and do not necessarily reflect the views of Bloomberg News.

Eric Roston, Editor
eroston@bloomberg.net

Tom Randall, Deputy Editor
trandall6@bloomberg.net

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