New Fuel Cell Efficiently Both Sequesters Carbon Dioxide and Produces Energy

(p. B1) For years, FuelCell Energy has been considered a company to watch. Its technology promised to help economically reduce carbon dioxide emissions from power plants, which could help combat climate change. The Danbury, Conn., company might be able to make a difference, experts said, if only it had a partner with really deep pockets.
Now it has one.
In an agreement announced on Thursday [May 5, 2016], Exxon Mobil said it had tightened an existing relationship with FuelCell in hopes of taking the technology from the lab to the market.
. . .
The company’s fuel cells are already used to provide clean energy in about 50 locations around the world but without a connection to fossil-fuel power plants, as envisioned in the new agreement.
The fuel cells use a high-temperature molten carbonate salt mixture. Carbon dioxide flows into the fuel cell and emerges in a concentrated form that is ready for storage.
It is this idea of matching up power plants, which produce carbon dioxide, with fuel cells that are hungry for it that led to a collaboration between Exxon Mobil and FuelCell that started more than four years ago.
The result, at least so far in the laboratory, is that the fuel cells effectively isolate and compress the carbon dioxide while producing enough power to more than make up for the energy cost of capturing the carbon.

For the full story, see:
JOHN SCHWARTZ. “Exxon in Deal with Company to Advance Carbon Capture Technology.” The New York Times (Fri., MAY 6, 2016): B2.
(Note: ellipsis, and bracketed date, added.)
(Note: the online version of the story has the date MAY 3, 2016, and has the title “Exxon Mobil Backs FuelCell Effort to Advance Carbon Capture Technology.”)

Number of Monarch Butterflies Triples

(p. 11) MEXICO CITY — After years of being ravaged by severe weather and shrinking habitats, the monarch butterflies hibernating in the Mexican mountains rebounded last year, kindling cautious hope that one of the insect world’s most captivating migrations may yet survive.
The World Wildlife Fund said at a news conference here on Friday [February 26, 2016] that the orange-and-black butterflies, which fly more than 2,500 miles each year from Canada and the United States to a cluster of mountain forests in Mexico, covered about 10 acres this winter, an area more than three times as large as the space they covered last year.

For the full story, see:
VICTORIA BURNETT. “Monarch Migration Rebounds, Easing Some Fears.” The New York Times, First Section (Sun., FEB. 28, 2016): 11.
(Note: bracketed date added.)
(Note: the online version of the story has the date FEB. 27, 2016, and has the title “Monarch Butterfly Migration Rebounds, Easing Some Fears.”)

Coastlines Have Always Been Changing Features of Geography

(p. 4) The coastlines might seem like permanent features of geography. But over the past few million years, massive ice sheets expanded and receded, and seas rose and fell by hundreds of feet. Then, around 12,000 years ago, the most recent of many glacial ages ended, and seas eventually rose by 400 feet.
This is roughly where we are today.

For the full commentary, see:
PETER BRANNEN. “OPINION; Lessons From Underwater Miami.” The New York Times (Sun., APRIL 24, 2016): 4.
(Note: the online version of the commentary has the date APRIL 23, 2016.)

Global Warming Is Producing More Pleasant Weather in United States

(p. 9) CHRISTMAS in New York was lovely this year — especially for those who prefer to spend the day working on their tans. It was the city’s warmest ever, with temperatures peaking at 66 degrees.
Record-breaking temperatures are occurring with alarming frequency in the United States, but Americans are reacting with a collective shrug. In a poll taken in January, after the country’s warmest December on record, the Pew Research Center found that climate change ranked close to last on a list of the public’s policy priorities. Why?
In a paper published on Wednesday [April 20, 2016] in the journal Nature, we provide one possible explanation: For a vast majority of Americans, the weather is simply becoming more pleasant. Over the past four decades, winter temperatures have risen substantially throughout the United States, but summers have not become markedly more uncomfortable.
Of course, people’s preferences about weather vary widely. Some want a snowfall every winter, while others would rather wear sandals year-round. So we sought to develop a measure of the average American’s weather preferences. To do this, we made use of research by economists who study local population growth in the United States. They have found that Americans have been moving to places with warm winters and cool, less humid summers. We made the inference (not true in every case, but reasonable to assume in general) that Americans prefer such conditions.
Then we evaluated the changes in weather conditions that Americans have experienced over the past four decades (i.e., roughly since climate change emerged as an issue in the public sphere). Climatologists customarily report weather changes averaged over the land surface — an approach that counts changes in sparse Montana just as heavily as shifts in populous California. But because we were interested in the typical American’s exposure to weather, we took a different tack, calculating changes over time on a county-by-county basis, weighted by population.
Our findings are striking: 80 percent of Americans now find themselves living in counties where the weather is more pleasant than it was four decades ago.

For the full commentary, see:
PATRICK J. EGAN and MEGAN MULLIN. “Gray Matter; Global Warming Feels Quite Pleasant.” The New York Times (Sun., APRIL 24, 2016): 9.
(Note: bracketed date added.)
(Note: the online version of the commentary has the date APRIL 21, 2016.)

The Nature article mentioned above, is:
Egan, Patrick J., and Megan Mullin. “Recent Improvement and Projected Worsening of Weather in the United States.” Nature 532, no. 7599 (April 21, 2016): 357-60.

Arctic Sea Ice Rebuilds “a Significant Amount”

(p. A9) Using new satellite data, researchers at University College London reported in Nature Geoscience on Monday [July 20, 2015] that the total volume of sea ice in the Northern Hemisphere was well above average in the autumn of 2013, traditionally the end of the annual melt season, after an unusually cool summer when temperatures dropped to levels not seen since the 1990s.
“We now know it can recover by a significant amount if the melting season is cut short,” said the study’s lead author Rachel Tilling, a researcher who studies satellite observations of the Arctic. “The sea ice might be a little more resilient than we thought.”

For the full story, see:
ROBERT LEE HOTZ. “Arctic Ice Is Able to Rebuild, Study Says.” The Wall Street Journal (Tues., July 21, 2015): A9.
(Note: bracketed date added.)
(Note: the online version of the story has the date July 20, 2015, and has the title “Sea Ice Might Be More Resilient Than Thought.”)

Indian Government Scientists Fight Global Warming by Reducing Cow Belches

(p. A10) Let no one say that India isn’t doing its bit to fight global climate change: Government scientists are working hard to reduce carbon emissions by making cows less flatulent.
Consider the numbers: India is home to more than 280 million cows, and 200 million more ruminant animals like sheep, goats, yaks and buffalo. According to an analysis of satellite data from the country’s space program, all those digestive tracts send 13 million tons of methane into the atmosphere every year — and pound for pound, methane traps 25 times as much heat as carbon dioxide does.
. . .
Scientists at the Cow Research Institute in Mathura, around 100 miles south of New Delhi, are tinkering with cattle feed, seeking a formula that will create less gas for the cows to belch out. (That is how most of it is released, by the way; scientists say much less comes from farting.)
But a team of researchers in the southern state of Kerala is working on a long-term answer.
. . .
. . . dwarf animals, which are about one-quarter the weight of crossbred cows, produce only one-seventh as much manure and one-tenth as much methane.

For the full story, see:
ELLEN BARRY. “What in the World; Cows: India’s Reply to Global Warming.” The New York Times (Thurs., MAY 5, 2016): A10.
(Note: ellipses added.)
(Note: the online version of the story has the date MAY 3, 2016, and has the title “What in the World; India’s Answer to Global Warming; Cows That Belch Less.”)

Former Goldman Sachs Banker Predicts “Green Bubble”

(p. R5) Sustainable investing and clean energy are hot topics, but one Danish financier is warning that people might be getting carried away.
Per Wimmer, a former Goldman Sachs banker and the founder of Wimmer Financial LLP, a London-based corporate-advisory firm specializing in natural resources, foresees a “green bubble” that could have similar consequences to the dot-com and housing bubbles.
. . .
WSJ: What are the main issues behind the so-called bubble you see forming in green energy?
MR. WIMMER: Very simply put, for green energy to be truly sustainable, it must be commercially sustainable. The reality today is that when it comes to politicians allocating subsidies, it seems like they are being allocated almost religiously across the board. As long as there is a green element, then [politicians believe] it is fine and deserves funding from tax dollars. I argue that is a little unsophisticated.
We have got to look at supporting and subsidizing the technologies that stand a chance at becoming commercially independent from subsidies within a reasonable time period–about seven to 10 years.
. . .
WSJ: In your book “The Green Bubble,” you highlight infrastructure problems involved in large-scale green-energy projects in the U.S. Tell us about those.
MR. WIMMER: There are a number of challenges that green energy faces, and one [involves] infrastructure, meaning that if you were to target, say, 20% green energy including wind farms in the U.S., you would have to build an awful lot of transmission grid, which is quite expensive.
Somebody is going to have to pay for it–the taxpayer, perhaps?

For the full interview, see:
TANZEEL AKHTAR. “Renewable Energy Is a ‘Bubble,’ Says Financier.” The Wall Street Journal (Mon., Jan. 11, 2016): R5.
(Note: bold and italics, in original; ellipses, added.)
(Note: the online version of the review has the date Jan. 12 [sic], 2016,)

The book mentioned in the interview, is:
Wimmer, Per. The Green Bubble: Our Future Energy Needs and Why Alternative Energy Is Not the Answer. London, UK: Lid Publishing, 2015.

Defending Free Speech in Climate Research

(p. A17) The Climate Inquisition began with Michael Mann’s 2012 lawsuit against critics of his “hockey stick” research–a holy text to climate alarmists. The suggestion that Prof. Mann’s famous diagram showing rapid recent warming was an artifact of his statistical methods, rather than an accurate representation of historical reality, was too much for the Penn State climatologist and his acolytes to bear.
Among their targets (and our client in his lawsuit) was the Competitive Enterprise Institute, a think tank prominent for its skeptical viewpoint in climate-policy debates. Mr. Mann’s lawsuit seeks to put it, along with National Review magazine, out of business. Four years on, the courts are still pondering the First Amendment values at stake. In the meantime, the lawsuit has had its intended effect, fostering legal uncertainty that chills speech challenging the “consensus” view.
. . .
That is why we are establishing the Free Speech in Science Project to defend the kind of open inquiry and debate that are central to scientific advancement and understanding. The project will fund legal advice and defense to those who need it, while executing an offense to turn the tables on abusive officials. Scientists, policy organizations and others should not have to fear that they will be the next victims of the Climate Inquisition–that they may face punishment and personal ruin for engaging in research and advocating their views.
The principle of the First Amendment, the Supreme Court recognized in Dennis v. United States (1951), is that “speech can rebut speech, propaganda will answer propaganda, free debate of ideas will result in the wisest governmental policies.” For that principle to prevail–in something less than the 350 years it took for the Catholic Church to acknowledge its mistake in persecuting Galileo–the inquisition of those breaking from the climate “consensus” must be stopped.

For the full commentary, see:
DAVID B. RIVKIN JR. and ANDREW M. GROSSMAN. “Punishing Climate-Change Skeptics; Some in Washington want to unleash government to harass heretics who don’t accept the ‘consensus.'” The Wall Street Journal (Thurs., March 24, 2016): A17.
(Note: the online version of the commentary has the date March 23, 2016.)

Rates to Insure Against Global Warming Catastrophes Are FALLING

The “super-cat” insurance referred to below by Warren Buffett is the part of the reinsurance business that insures other insurance companies against the occurrence of very large (super) catastrophes (cat).

(p. A9) Up to now, climate change has not produced more frequent nor more costly hurricanes nor other weather-related events covered by insurance. As a consequence, U.S. super-cat rates have fallen steadily in recent years, which is why we have backed away from that business. If super-cats become costlier and more frequent, the likely–though far from certain–effect on Berkshire’s insurance business would be to make it larger and more profitable.

As a citizen, you may understandably find climate change keeping you up nights. As a homeowner in a low-lying area, you may wish to consider moving. But when you are thinking only as a shareholder of a major insurer, climate change should not be on your list of worries.

Source of quote from Warren Buffett’s annual shareholder letter:
“Notable & Quotable: Warren Buffett on Climate.” The Wall Street Journal (Tues., March 1, 2016): A9.
(Note: the online version of the quotes from Buffett has the date Feb. 29, 2016.)

Warren Buffett’s annual letter to Berkshire Hathaway stockholders can be found at:
http://www.berkshirehathaway.com/2015ar/2015ar.pdf

Electricity from Cow Manure Failing Despite Administration Support

(p. B1) Wisconsin dairy farmer Art Thelen was full of optimism a decade ago when he joined a growing group of U.S. farmers investing in technology that turns livestock manure into electricity.
The systems promised to curb air pollution from agriculture, generate extra revenue and–in no small feat–curtail odors that waft for miles in much of farm country.
“It was a great idea, and when it worked well, it was wonderful,” Mr. Thelen said.
Now the 61-year-old is among a group of farmers who recently have shut down their manure-to-energy systems–known as anaerobic digesters–or scrapped plans to build them because of the prolonged slump in natural-gas prices and higher-than-expected maintenance costs that made the systems less economical.

For the full story, see:
DAVID KESMODEL. “Energy Prices Steer Farmers Away From Manure Power.” The Wall Street Journal (Fri., Feb. 19, 2016): B1-B2.
(Note: the online version of the story has the date Feb. 18, 2016, and has the title “F.D.A. Regulator, Widowed by Cancer, Helps Speed Drug Approval.”)

Ethanol Adds Carbon Dioxide to Atmosphere

(p. A9) Before long, it may be politically safe to take a wise step and eliminate the Renewable Fuel Standard (RFS).
. . .
Today, ethanol’s downsides have become clear.
First, it increases the cost of driving. Current ethanol blends provide fewer miles per gallon, so drivers pay more to travel the same distance. According to the Institute for Energy Research, American drivers have paid an additional $83 billion since 2007 because of the RFS.
Second, ethanol adds more carbon dioxide to the atmosphere than it eliminates by replacing fossil fuels. The Environmental Working Group says that “corn ethanol is an environmental disaster.” The group explains: “The mandate to blend ethanol into gasoline has driven farmers to plow up land to plant corn–40 percent of the corn now grown in the U.S. is used to make ethanol. When farmers plow up grasslands and wetlands to grow corn, they release the carbon stored in the soil, contributing to climate-warming carbon emissions.” And then there is the carbon emitted in harvesting, transporting and processing the corn into ethanol.

For the full commentary, see:
MERRILL MATTHEWS. “The Corn-Fed Albatross Called Ethanol.” The Wall Street Journal (Weds., Jan. 6, 2016): A9.
(Note: ellipsis added.)
(Note: the online version of the commentary has the date Jan. 5, 2016.)