Tail risk in the fossil fuel industry: an option implied analysis around the unburnable carbon news

2021 ◽  
Author(s):  
Pablo Neudorfer
Polar Record ◽  
2020 ◽  
Vol 56 ◽  
Author(s):  
Sohvi Kangasluoma

Abstract Despite the global alarm caused by accelerating climate change, hydrocarbon companies are exploring and opening up new oil and gas fields all over the world, including the Arctic. With increasing attention on the Arctic, companies address the growing global environmental pressure in their public marketing in various ways. This article examines the webpages of Norwegian Equinor and Russian Gazprom & Gazprom Neft. Building on feminist discussions, I analyse the different justification strategies these fossil fuel companies working in the Arctic utilise in order to support their ongoing operations. This article concludes that in order to justify their operations in the Arctic, the Norwegian and Russian companies emphasise values based on discourses that have historically and culturally been associated with masculine practices, such as the control of nature enabled by technology. These justifications are thus reinforcing the narrative of the Arctic as a territory to be conquered and mastered. Even though the companies operate in different sociopolitical contexts, the grounds of justification are rather similar. Their biggest differences occur in their visual presentations of gender, which I argue is part of the justification. Approaching the fossil fuel industry from a feminist perspective allows questioning the dominant conceptualisations, which the justifications of Arctic hydrocarbon companies are based on.


2021 ◽  
pp. 24-54
Author(s):  
Peter Drahos

China is an implausible leader for the globalization of a bio-digital energy paradigm, but the United States and European Union are even less plausible candidates. The chapter shows how the fracking revolution has turned the United States into an energy-secure fossil fuel superpower. No US president can close down the fossil fuel industry. The New Green Deal is unlikely to have much impact on US politics and is only of modest interest to Wall Street. The European Union’s Energy Union initiative is important. But the European Union’s leadership of the bio-digital energy paradigm is hampered by the different energy and industrial interests of its members. Despite China’s corruption problems, it is the least implausible leader of an energy revolution. China’s improved standard-setting capacities are outlined. The chapter concludes by discussing China’s pressure-driving mechanism, a distinctive tool of governance that allows China to overcome problems of fragmentation in its system.


2019 ◽  
Vol 158 (3-4) ◽  
pp. 301-307
Author(s):  
Steven M. Karceski ◽  
Nives Dolšak ◽  
Aseem Prakash ◽  
Travis N. Ridout

Elem Sci Anth ◽  
2018 ◽  
Vol 6 ◽  
Author(s):  
Rupinder Mangat ◽  
Simon Dalby

Fossil fuel divestment activists re-imagine how the war metaphor can be used in climate change action to transform thinking around what will lead to a sustainable society. Through the naming of a clear enemy and an end goal, the overused war metaphor is renewed. By casting the fossil fuel industry in the role of enemy, fossil fuel divestment activists move to a re-imagining of the climate change problem as one that is located in the here and now with known villains who must be challenged and defeated. In this scenario, climate activists move away from the climate and national security framing to a climate and human security way of thinking.


Author(s):  
Andrew Cheon ◽  
Johannes Urpelainen

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