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The Morning Briefing: Fossil fuels

By | June 18, 2012, 11:28 PM PDT

“The Morning Briefing” is SmartPlanet’s daily roundup of must-reads from the web. This morning we’re reading about fossil fuels.

1.) Why $775 billion in fossil-fuel subsidies are so hard to scrap. Environmentalists have rallied around a new, simple goal. As the Earth Summit gets underway in Rio de Janeiro, they’re asking the world’s nations to scrap the $775 billion spent each year subsidizing oil, gas, and coal. They’re even urging Justin Bieber to (yes) tweet about it.

2.) Fuel price adjustment needed to curb demand: RBI. Making a case for increasing prices of petroleum products, the Reserve Bank today said price adjustment was needed to curb demand of fossil fuel. (India)

3.) Germany offers energy blueprint: Gerard Wynn. The shale gas revolution has allowed the United States to tap vast new reserves of gas and oil, but last year’s Fukushima nuclear crisis may unleash an alternative blueprint.

4.) Rio+20: Canada shielding fossil fuel subsidies at Earth Summit. Canada is making waves heading into the global Rio+20 Earth Summit by trying to prevent the conference from adopting commitments requiring an end to public fossil fuel subsidies.

5.) The public supports ending fossil fuel subsidies? As thousands from around the world gather in Rio de Janeiro for the Earth Summit, how we tackle climate change and our energy future is top of mind for many. Ending fossil fuel subsidies is an action to which many governments have already commited and behind which the public stands.

Image credit: Darren Kirby

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Charlie Osborne

About Charlie Osborne

Charlie Osborne is a contributing editor for SmartPlanet.

Charlie Osborne

Charlie Osborne

Contributing Editor

Charlie Osborne is a freelance journalist and graphic designer based in London. In addition to SmartPlanet, she also writes the iGeneration column for business technology website ZDNet. She holds degrees in medical anthropology from the University of Kent.

Follow her on Twitter.

Charlie Osborne

Charlie Osborne

Charlie Osborne does not have financial holdings that would influence how or what she covers.

She writes for SmartPlanet and is not an employee of CBS.

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RIO+20 will ultimately fail humanity
Although only a part of the Rio+20 conference, the oceans have the solution to some of our most pressing global problems such as energy generation and food security. But what it cannot do is to change the fixed mindsets of our political masters and world industrialists. Both of these change-masters have different agendas to that of humanity. One lives for controlling power and the other for great wealth for the few (shareholders and themselves).

That is why Rio+20 will fail the world's people in a catastrophic way in the long-term

Over the last 300 years we have built a false and unsustainable world for humanity. Indeed we now live in an artificial world order that can never survive and eventually humankind will cease to live as an intelligent species. Since the term MAD (Mutual Assured Destruction) was expressed, our world has been living on borrowed time. Indeed the world is now more than ever dividing itself on the altar of nationalism and self-interest. I give no more than five years for the EC to break up and nations in the West to go their own way. But I also see on the other side of the coin, as Europe and the West disintegrate, that the East and nations like Russia will come ever closer together. This will create a formidable economic block and where a weakened western civilization will be more prone in the future to lead to conflict. History shows that global wars are economic and this will not change in the future. This is not based upon unsound expectations, but the sheer fact that the world???s economic power is transferring eastward and that we shall have around 10 billion humans by 2050, all struggling for natural resources to preserve their way of life. Increasingly what is deteriorating constantly between western nations is communication, cooperation and collaboration but where due to these facts, we should be coming closer together to preserve our planet. Indeed the latest Rio+ 20 Conference decisions by the world???s nations (decisions predominantly made by the richest nations as they own the UN to all intents and purposes) will simply be another nail in the coffin of human sustainability and existence, as nations dilute what was already agreed in 1992.

Pointers to why Rio+20 will fail is because big business will not want to deviate from a global strategy that puts great wealth into the hands of the few (shareholders and main board directors) and poverty into the hands of over 60% of the world???s population. For global concerns consistently act covertly, only think of the bottom-line and at times act totally against humanity's very existence.

http://foolscrow.wordpress.com/2010/07/27/return-to-nuremberg-big-pharma-must-answer-for-crimes-against-humanity/

http://abna.ir/data.asp?lang=3&Id=121037

http://avian-influenza.cirad.fr/content/download/1931/11789/file/Kennedy-F-Shortridge.pdf

http://www.slideshare.net/patriciakh/can-we-save-our-troubled-world

http://www.stwr.org/poverty-inequality/fighting-poverty-a-global-challenge.html

For no longer can we sustain ourselves with the prophesy of wealth for all through globalization and capitalist economics. How this has now been shown to be a sham for over 90% of the seven billion human inhabitants living on planet Earth. Therefore considering where we are heading and the dire consequences for humanity we simply have to start working as one planet as Einstein and others determined, but where our political masters took no heed before. It is also becoming very clear that the price of our present economic systems will eventually be the extinction of the human experience. Are we therefore really as intelligent as we think?

Dr David Hill
Chief Executive
World Innovation Foundation
Posted by bettysenior
19th Jun
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